Daily Market Analysis By FXOpen

[FXOpen Trader]

WTI Oil Price Rises Above $100


Another shocking Monday for the energy market. Last week's start was remembered for a bullish gap of more than 10% (which was later followed by a pullback), but today's market open proved even more volatile (as reflected by the ATR indicator). After a bullish gap of roughly 11%, the price continued to climb, reaching a peak of around $114 per barrel of WTI during the Asian session. This is the highest price since 2022.

The drivers of the rally are obvious – the escalation of the war in the Middle East, with more countries becoming involved. Risks have reached a critical point, with discussions emerging around the scenario of a complete blockade of shipping through the Strait of Hormuz. In such a case, oil-producing countries could invoke force majeure as grounds for halting supplies.



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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

[FXOpen Trader]

Dollar Index (DXY) Hits Yearly High


Today, the dollar index rose above last week's peak around the 99.68 level, setting a new high for 2026. This movement is supported by a tense fundamental backdrop:

→ Inflationary pressures from rising oil prices. Markets may be pricing in a "higher for longer" scenario, with elevated Fed rates persisting.

→ Safe-haven demand. Escalation in the Middle East—including strikes on Iran and the rise of hardline leader Mojtaba Khamenei in Tehran—may push market participants towards defensive strategies and the US dollar.

→ Weakness in other currencies. The Middle East conflict can weigh on the yen and euro, as European and Japanese economies remain highly sensitive to energy prices.



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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

[FXOpen Trader]

Fair Value Gaps (FVGs) and Liquidity Voids – Differences & Strategies


Fair value gaps (FVGs) and liquidity voids highlight moments when price moves aggressively due to order imbalances. While they are closely related within the Smart Money Concept (SMC) framework, they differ in scale, structure, and trading application. This article explains how each forms, how they interact, and how traders may incorporate them into a structured market analysis approach.

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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

[FXOpen Trader]

EUR/USD Chart Analysis: Pair Rebounds from the Year's Low


Analysing the EUR/USD chart five days ago, we:
→ constructed a downward channel, noting signs that the bears remained in control;
→ outlined a scenario in which the rate would decline to a new yearly low (and test the lower boundary of the channel).

Yesterday's price action confirmed these assumptions – the low at H is below the low of 3 February (F), refining the lower boundary of the channel. At the same time, the sharp upward reversal (shown by the arrow) indicates increasing demand, driven by a shift in sentiment due to several factors, including:

→ Trump's speech, in which the president stated that the war in Iran is progressing successfully and that he has contingency plans for any scenario. This cooled demand for the USD as a safe-haven asset.

→ Expectations of US inflation data scheduled for release tomorrow.



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Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

[FXOpen Trader]

Gold Price Holds Near Key Support


As the XAU/USD chart shows, the gold price has been holding within the $5,060–$5,200 range over the past several sessions.

Bullish view: the key support is the lower boundary of the long-term channel that has been in place since the beginning of 2026.

Bearish view: pressure on the price comes from statements by President Trump suggesting that the conflict in the Middle East could end soon. Yesterday, the US president described the operation in Iran as a "small incursion" and a "short-term" measure, which helped ease geopolitical risks and reduce demand for gold as a safe-haven asset.



TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.