Daily Market Analysis By FXOpen

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Natural Gas Prices on the Rise

As shown on the XNG/USD chart today, natural gas prices are trading around $3.960 per MMBtu — the highest level in over a month. This week’s series of bullish candles confirms strong demand.

Natural gas is becoming more expensive due to concerns over the military conflict between Iran and Israel. According to media reports:

→ Israel has attacked Iran’s South Pars gas field, and Donald Trump has called for the evacuation of Tehran.
→ Market participants fear that a blockade of the Strait of Hormuz could disrupt oil and natural gas supply chains.

In addition, forecasts of extreme heat in the US and increased demand for gas-powered air conditioning are also pushing prices higher.

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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.

 

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Investors Flock to the US Dollar Amid Escalating Geopolitical Tensions

The currency pairs USD/JPY and USD/CAD are showing significant gains amid the intensifying conflict between Israel and Iran, which has pushed oil prices higher. Investor fears have driven demand for the US dollar – a so-called safe-haven asset. Statements by Donald Trump regarding the start of Iran’s “unconditional capitulation” and the US’s readiness to completely put an end to its nuclear programme have further fuelled concerns over an escalation of the conflict, thereby increasing demand for the US dollar.

Today, investor attention will be focused on the Federal Reserve meeting, which may offer signals regarding the future path of monetary policy. In addition, market participants will be closely watching upcoming US employment data, as it could influence expectations around bond yields and the trajectory of dollar pairs.

USD/JPY

The USD/JPY pair has risen to the 145.20 level, reflecting a tilt towards the dollar and a weakening yen amid geopolitical risks and rising US Treasury yields. Technical analysis of USD/JPY suggests a possible breakout above the three-week resistance at 145.60. A piercing line candlestick pattern has formed on the daily chart; if the pattern works, it could lead to a retest of the key resistance level at 146.30. At the same time, a rebound from current levels and a return to the medium-term sideways channel of 142.70–144.40 cannot be ruled out.

Events that could influence the USD/JPY pair:

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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.

 

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GBP/USD Hits June Low

As the GBP/USD chart shows, the pair dropped sharply last night, falling below the 1.34170 level. This move marked the lowest point for the pound against the dollar since the beginning of June.

One of the main drivers behind this decline is the strengthening of the US dollar, which is attracting market participants amid heightened geopolitical tensions and a potential escalation of military conflict between Iran and Israel, involving US armed forces. According to the latest reports, Donald Trump has warned Tehran that US patience is wearing thin.

Today, however, the pound has seen a slight rebound, supported by the release of the UK Consumer Price Index (CPI). While the data confirmed that inflation is easing, the pace of decline is slower than expected. This may reduce the likelihood of interest rate cuts by the Bank of England – which in turn has boosted the pound’s value.

What could happen next?

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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.

 

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How to Trade Crude Oil: Different Financial Instruments

Crude oil is a dynamic and complex market, offering traders various instruments for participation. With opportunities for both short-term and long-term investment, it presents multiple avenues for exciting trading. This article delves into the different financial instruments available for crude oil trading profit, from CFDs to ETFs and everything in between.

Why Trade Crude Oil?

Crude oil, particularly its major benchmarks Brent Crude and West Texas Intermediate (WTI), is a highly traded commodity known for its significant liquidity and price volatility. These attributes make it attractive for traders looking to capitalise on price movements in either direction.

These markets operate nearly around the clock, accommodating traders across time zones. The best time to trade crude oil is usually during the overlap of the New York and London market hours, where liquidity is at its highest, facilitating more efficient trades.

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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.

 

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GBP and CHF Extend Decline Following Fed Meeting, Market Focus Shifts to Bank of England and Swiss National Bank Decisions

The British pound and the Swiss franc remain under pressure against the US dollar following the Federal Reserve’s latest meeting, where the regulator left its key interest rate unchanged and signalled no rush to shift the course of monetary policy.

Despite easing inflation, the Fed has maintained a relatively hawkish stance, citing the need for convincing evidence of sustained disinflation. Combined with escalating global geopolitical tensions, this has supported the US dollar and contributed to its strength.

Against this backdrop, market participants have turned their attention to today’s decisions by the Swiss National Bank (SNB) and the Bank of England (BoE). According to the consensus forecast, the SNB may lower its rate by 25 basis points to 0.00%, which could exert downward pressure on the Swiss franc.

Meanwhile, divisions persist within the BoE: while some members of the committee may vote in favour of policy easing, the majority are likely to support holding the rate steady. The outcome of the vote will be a key driver for the short- and medium-term trajectory of the pound.

In the coming sessions, markets are expected to closely monitor signals from the regulators and the performance of the dollar. Should the external backdrop remain unchanged—and if a rate cut in Switzerland is confirmed alongside a more dovish stance from the BoE—pressure on local currencies could intensify.

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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.

 

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Coinbase (COIN) Shares Rise Following Stablecoin Legislation Approval

Shares in Coinbase Global (COIN) surged by 11% yesterday, making the company the top performer in the S&P 500 index (US SPX 500 mini on FXOpen).

The sharp rise was driven by news that the US Senate has approved the GENIUS stablecoin bill, which sets out a regulatory framework for the use of stablecoins — crypto assets whose value is pegged to another currency or financial instrument, such as the US dollar.

The bill (which still requires approval from the House of Representatives) would pave the way for banks, fintech companies, and other financial market participants to use stablecoins. This development acted as a strong bullish catalyst for COIN shares.

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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.

 

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Silver Price Retreats from 2012 Highs

As shown on the XAG/USD chart, the price of silver climbed above $37 per ounce yesterday — a level not seen since 2012. However, this morning, the price has dropped by approximately 2.5% from yesterday’s peak.

The bullish driver behind the rally has been fears that the US could become involved in a military conflict between Israel and Iran. Concerns in financial markets intensified after media reports stated that US officials are preparing for a potential strike on Iran.

Another factor influencing silver's price was the Federal Reserve’s decision to keep interest rates unchanged and maintain a cautious policy stance. Yesterday, Jerome Powell warned that President Trump’s tariffs could fuel inflation (a bullish signal for silver) and complicate the economic outlook.

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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.

 

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Analytical Projections on UK Interest Rates for 2025 and 2026

As the UK navigates a complex economic landscape marked by trade tensions, evolving monetary policy, and persistent inflationary pressures, the trajectory of interest rates remains a focal point. In 2025 and looking ahead to 2026, forecasts on UK interest rates diverge amid uncertainty surrounding global trade dynamics, domestic growth prospects, and the Bank of England’s policy response. This article delves into expert projections, weighing economic indicators and institutional forecasts to provide an outlook on where UK interest rates may be headed over the next two years.

UK Interest Rate Environment
The UK's interest rate landscape has undergone significant transformations over the past few years. From the end of 2021 to the middle of 2023, the Bank of England (BoE) raised interest rates from the historic low of 0.1% to 5.25%—the highest in UK interest rates history since 2008. The decision to elevate interest rates from near-zero levels was primarily driven by the need to counteract rising inflation, which has emerged as a considerable threat to the UK's economic stability.

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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.

 

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Mastercard (MA) and Visa (V) Shares Decline Due to Stablecoin Bill

Yesterday, we reported that the US Senate had passed the GENIUS stablecoin bill, which establishes a legal framework for regulating the stablecoin market. This development led to a sharp rise in the share price of cryptocurrency exchange Coinbase (COIN), while simultaneously putting pressure on Mastercard (MA) and Visa (V) shares.

According to media reports, market participants are concerned that stablecoins could pose serious competition to these companies, which earn revenue primarily from transaction fees. This serves as an example of how blockchain technology, with its low-cost features and high speed, could disrupt leaders in the traditional finance sector.

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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.

 

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XBR/USD Chart Analysis: Oil Price Falls After Trump’s Decision

As shown on the XBR/USD chart, the price of Brent crude oil has pulled back from yesterday’s 4.5-month high following a statement from the White House that President Donald Trump will make a decision within the next two weeks on whether the United States will take part in the Israel-Iran conflict.

According to Reuters, the US President is facing backlash from some members of his team over the prospect of launching a strike against Iran, which could drag the US into yet another prolonged war.

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.

 

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Theories of Technical Analysis

Dive deep into the intricacies of technical analysis with a close examination of five pivotal theories of technical analysis — Dow, Wyckoff, Gann, Elliott, and Merrill. Unravel their foundational concepts, applications, and histories to gain a comprehensive grasp of market dynamics with this article.

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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.

 

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Oil Price Surges at Monday Open Amid US Strikes on Iran

As shown on the XBR/USD chart, the Brent crude oil price formed a bullish gap at the opening of financial markets this Monday, surpassing last week’s high.

Only three days ago, we drew attention to Donald Trump’s statement that a decision regarding US involvement in the Iran-Israel conflict would be made within two weeks – yet over the weekend, US aircraft dropped bombs on Iran’s nuclear facilities.

Now oil prices are likely to be affected by Iran’s potential move to block shipping traffic through the Strait of Hormuz. According to Reuters, analysts suggest that in such a scenario, the oil price could climb to $100.

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.

 

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Market Analysis: GBP/USD Dips Below Support, USD/CAD Breaks Higher

GBP/USD started a fresh decline below the 1.3620 zone. USD/CAD is rising and might aim for more gains above the 1.3765 resistance.

Important Takeaways for GBP/USD and USD/CAD Analysis Today

• The British Pound started another decline from the 1.3620 resistance zone.
• There was a break below a connecting bullish trend line with support at 1.3460 on the hourly chart of GBP/USD at FXOpen.
• USD/CAD is showing positive signs above the 1.3720 support zone.
• There is a key bullish trend line forming with support at 1.3740 on the hourly chart at FXOpen.

GBP/USD Technical Analysis

On the hourly chart of GBP/USD at FXOpen, the pair struggled to continue higher above the 1.3620 resistance zone. The British Pound started a fresh decline and traded below the 1.3550 support zone against the US Dollar, as discussed in the previous analysis.

The pair even traded below 1.3500 and the 50-hour simple moving average. Finally, the bulls appeared near the 1.3380 level. There was a recovery wave above the 1.3450 level and the 23.6% Fib retracement level of the downward move from the 1.3622 swing high to the 1.3382 low.

However, the bears were active near the 1.3500 zone and the 50% Fib retracement level. As a result, there was a fresh bearish reaction below a connecting bullish trend line with support at 1.3460.

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.

 

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Market Insights with Gary Thomson: 23 - 27 June

Market Insights with Gary Thomson: Canada Inflation, US Core Consumer Metrics, and Earnings Reports

In this video, we’ll explore the key economic events, market trends, and corporate news shaping the financial landscape. Get ready for expert insights into forex, commodities, and stocks to help you navigate the week ahead. Let’s dive in!

In this episode, we discuss:
— Inflation Rate in Canada
— US Durable Goods Orders
— US PCE Price Index, Personal Income & Personal Spending
— Corporate Earnings Statements

Don’t miss out—gain insights to stay ahead in your trading journey.




Watch it now and stay updated with FXOpen.

Don't miss out on this invaluable opportunity to sharpen your trading skills and make informed decisions.

Disclaimer: This video represents the opinion of the Companies operating under the FXOpen brand only. 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.

 

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How Leverage May Impact Your Trading

Leverage trading has become the standard for many modern traders. But with its potential rewards come inherent risks. This article delves into the intricacies of leverage trading, helping traders with any level of experience understand its pros, cons, and best practices.

What Is Leverage Trading?

You definitely know what leverage trading is. But let us remind you of its fundamentals. Leverage trading is a financial practice that allows traders to amplify their exposure to the market without increasing their capital investment. Essentially, it involves borrowing funds to magnify potential returns on an investment.

A brokerage or financial institution provides this additional capital, enabling traders to take on larger positions than they could with their own funds alone. In this way, leverage enhances the potential for higher profits. However, it's crucial to remember that while profits can be magnified, so can losses.

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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.

 

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Stock Markets Rebound Following Trump’s Ceasefire Announcement

Last night, U.S. President Donald Trump made a social media post announcing a ceasefire agreement between Iran and Israel. According to his own words, the ceasefire is set to last “forever.” This announcement triggered a sharp bullish impulse (indicated by the blue arrow) on the S&P 500 index chart (US SPX 500 mini on FXOpen), pushing the price to a new high above the 6074 level.

Just yesterday, traders feared that the United States could be drawn into yet another costly war following bomber strikes on Iran’s nuclear facilities. However, today the stock markets are recovering, signalling growing optimism and a waning of fears over a major escalation of the conflict.

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.

 

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Launch of Robotaxi Service Boosts Tesla (TSLA) Share Price by Over 8%

As previously announced by Elon Musk, Tesla has launched its robotaxi service in Austin, Texas. The cost of a ride is $4.20.

The service is not yet fully operational. It is more of an extended testing phase, as access is currently by invitation only, and a Tesla employee may be present in the back seat.

Nevertheless, the market responded positively — Tesla (TSLA) shares rose by more than 8% (comparing the closing prices of daily candlesticks).

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.

 

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Trading with Trendlines

Technical analysis is a method used in the financial markets to evaluate and forecast future price movements of assets, such as stocks, currencies, commodities, and cryptocurrencies*, based on historical price data. Trading with trendlines is a fundamental aspect of technical analysis employed by traders and investors to decipher market trends and optimise trading decisions. This article will cover how to draw trendlines on candlestick charts and will explain several trendline strategies.

What Are Trendlines?

Trendlines are graphical representations of price movements, helping traders visualise the overall direction of a market trend. They can be either upward (bullish), downward (bearish), or horizontal (sideways). Bullish trendlines connect ascending highs and lows, bearish trendlines connect descending highs and lows, while horizontal lines connect almost equal highs and lows.

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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.

 

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Market Analysis: AUD/USD & NZD/USD Show Bullish Hints, Can Gains Be Sustained?

AUD/USD started a decent increase above the 0.6440 and 0.6465 levels. NZD/USD is also rising and might aim for more gains above 0.6040.

Important Takeaways for AUD/USD and NZD/USD Analysis Today

• The Aussie Dollar rebounded after forming a base above the 0.6370 level against the US Dollar.
• There was a break above a key bearish trend line with resistance at 0.6470 on the hourly chart of AUD/USD at FXOpen.
• NZD/USD is consolidating gains above the 0.6000 zone.
• There was a break above a major bearish trend line with resistance at 0.5970 on the hourly chart of NZD/USD at FXOpen.

AUD/USD Technical Analysis

On the hourly chart of AUD/USD at FXOpen, the pair started a fresh increase from the 0.6370 support. The Aussie Dollar was able to clear the 0.6400 resistance to move into a positive zone against the US Dollar.

There was a close above the 0.6440 resistance and the 50-hour simple moving average. There was a break above a key bearish trend line with resistance at 0.6470. Finally, the pair tested the 0.6520 zone. A high was formed near 0.6519 and the pair recently started a consolidation phase.

The pair dipped and tested the 23.6% Fib retracement level of the upward move from the 0.6372 swing low to the 0.6519 high.

On the downside, initial support is near the 0.6485 level. The next major support is near the 0.6465 zone. If there is a downside break below the 0.6465 support, the pair could extend its decline toward the 0.6445 level. It is close to the 50% Fib retracement level.

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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.

 

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The Yen and Euro Strengthen Ahead of Jerome Powell's Speech

The dollar continues to lose ground against the yen and euro amid an adjustment in market expectations ahead of today's speech by Federal Reserve Chair Jerome Powell. Market participants are expecting the Chair to comment on the outlook for interest rates and inflationary pressures in the United States.

An additional factor contributing to downward pressure on the dollar could be the upcoming release of U.S. data on building permits, new home sales, and crude oil inventories. Although these reports have not yet been published, analysts expect a moderate slowdown in the figures. This is fuelling speculation about a more dovish stance from the Fed in the coming months. In anticipation of these developments, market participants are adopting a cautious position, which is reflected in declining interest in the dollar.

The external backdrop is also contributing to the decline in demand for the dollar. Markets responded positively to reports of a potential de-escalation in the conflict between Israel and Iran, as well as indications of a partial withdrawal of the United States from direct military involvement. This has eased geopolitical tensions and supported the rise of so-called safe-haven currencies such as the yen and euro.

In the upcoming trading sessions, market dynamics will be focused on the tone of the Fed Chair's speech. Should his remarks confirm a willingness to ease policy in the second half of the year, the dollar may continue to decline locally against major currencies. Otherwise, a corrective rebound in the dollar may begin.

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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.