Daily Market Analysis By FXOpen

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USD/JPY and USD/CHF Near Key Levels: The Dollar Supported by the Fed

The US dollar continues to trend upwards following the Federal Reserve meeting, drawing support from the regulator’s moderately hawkish stance and comments by Jerome Powell. Markets interpret the Fed’s rhetoric as a signal that restrictive policy is likely to remain in place for longer, supporting higher yields and sustaining demand for dollar liquidity.

Another factor is the anticipation of upcoming US macroeconomic releases, which could act as a trigger to confirm the current trend. Market participants remain cautious, assessing the outlook for inflation and overall economic conditions. This is keeping the dollar close to recent highs and creating conditions for further directional movement.

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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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Apple: Earnings Day Above the Activity Zone

On 30 April, after the market close, Apple Inc. will release its financial results for the second quarter of fiscal 2026. The consensus forecast, based on estimates from 31 analysts, points to revenue of around $109.7 billion, with expected EPS of approximately $1.95. The first quarter set a high benchmark: revenue reached a record $143.8 billion, up 16% year-on-year, while EPS came in at $2.84. However, investors are focusing less on the headline figures and more on management’s outlook. The market is looking for confirmation of a strong iPhone cycle, continued growth in services, as well as signals regarding China and the company’s AI strategy. Additional uncertainty stems from trade policy: new Section 301 investigations into Chinese manufacturing continue to weigh on the company’s supply chain, while rising memory costs are increasingly acting as a headwind to growth.

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: Gold Builds Momentum While WTI Crude Oil Faces Renewed Selling Pressure

Gold price is consolidating above the $2,565 support zone. Crude oil is showing bearish signs and might decline below $96.50.

Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today
- Gold price started a recovery wave from $4,500 against the US Dollar.
- It cleared a key bearish trend line with resistance at $4,620 on the hourly chart of gold at FXOpen.
- Crude oil prices failed to clear the $108 region and started a fresh decline.
- There is a connecting bearish trend line forming with resistance at $100.45 on the hourly chart of XTI/USD at FXOpen.

Gold Price Technical Analysis

On the hourly chart of Gold at FXOpen, the price found bids near the $4,500 zone. The price remained in a bullish zone and started a recovery wave above $4,550.

There was a decent move above the 50-hour simple moving average and $4,600. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $4,740 swing high to the $4,510 low.

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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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Weekly Market Insights with Gary Thomson: RBA, NFP, and Corporate Earnings


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

In this episode of Market Insights, Gary Thomson unpacks the strategic implications of the most critical events driving global markets.

Key topics covered in this episode:
- RBA Interest Rate Decision
- Canada’s Unemployment Rate
- US NFP and Unemployment Rate
- Earnings Reports

With several high-impact releases scheduled, short-term direction may depend less on the data itself and more on how it compares to expectations. Risk management and flexibility remain important for navigating the markets.

Gain insights to strengthen your trading knowledge.

Watch it now and stay updated with FXOpen.

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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Consolidation After volatility: European Currencies Search For Direction

European currencies are showing restrained movement, remaining in a range-bound phase following last week’s heightened volatility. Meetings of the Federal Reserve and the Bank of England, along with comments from policymakers, triggered sharp swings: EUR/USD and GBP/USD initially declined, followed by a rapid rise that pushed them beyond previous ranges. However, this move proved to be a false breakout, and the return of prices into prior corridors points to the formation of market equilibrium after the failed attempt to break higher.

The current fundamental backdrop remains neutral following a reassessment of expectations regarding future Federal Reserve policy. Geopolitical factors have temporarily faded from focus, while market participants have adopted a wait-and-see approach, assessing prospects in the absence of clear catalysts.

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: AUD/USD And NZD/USD Shift Bullish, Can Buyers Extend Gains?

AUD/USD started a fresh increase above 0.7175 and 0.7200. NZD/USD is also rising and might aim for more gains above 0.5950.

Important Takeaways for AUD USD and NZD USD Analysis Today
- The Aussie Dollar started a steady increase above 0.7150 against the US Dollar.
- There was a break above a bearish trend line with resistance at 0.7190 on the hourly chart of AUD/USD at FXOpen.
- NZD/USD is consolidating gains above the 0.5925 pivot zone.
- There was a break above a bearish trend line with resistance at 0.5900 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 0.7100. The Aussie Dollar was able to clear 0.7100 to move into a positive zone against the US Dollar.

There was a break above a bearish trend line with resistance at 0.7190. There was a close above 0.7200 and the 50-hour simple moving average. Finally, the pair tested 0.7245. A high was formed near 0.7245 and the pair remains elevated for more gains.

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: AUD/USD And NZD/USD Shift Bullish, Can Buyers Extend Gains?

AUD/USD started a fresh increase above 0.7175 and 0.7200. NZD/USD is also rising and might aim for more gains above 0.5950.

Important Takeaways for AUD USD and NZD USD Analysis Today
- The Aussie Dollar started a steady increase above 0.7150 against the US Dollar.
- There was a break above a bearish trend line with resistance at 0.7190 on the hourly chart of AUD/USD at FXOpen.
- NZD/USD is consolidating gains above the 0.5925 pivot zone.
- There was a break above a bearish trend line with resistance at 0.5900 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 0.7100. The Aussie Dollar was able to clear 0.7100 to move into a positive zone against the US Dollar.

There was a break above a bearish trend line with resistance at 0.7190. There was a close above 0.7200 and the 50-hour simple moving average. Finally, the pair tested 0.7245. A high was formed near 0.7245 and the pair remains elevated for more gains.

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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AUD/USD and AUD/CAD Hit New Highs Amid RBA Tightening

The Australian dollar continues to strengthen, pushing to fresh 2021–2022 highs, supported by a combination of the Reserve Bank of Australia’s tight monetary stance and a weaker US dollar. This week’s rate hike by the RBA has been a key driver, widening yield differentials and boosting demand for the Australian currency, which has reinforced the ongoing uptrend. Additional pressure on the US dollar came from weak labour data, including the ADP report, increasing expectations of a more accommodative Fed policy.

The current market structure suggests that both AUD/USD and AUD/CAD have broken out of recent consolidation ranges and are now advancing towards multi-year highs. Trading at these levels creates a decision zone where liquidity is being reallocated, with the market assessing whether prices can hold above extremes or fall back into prior ranges.

In the near term, the key event for markets will be the US Non-Farm Payrolls report, while other macro releases are likely to play a secondary role. The NFP reaction could significantly influence expectations for Fed policy and set the direction for the US dollar.

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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Silver: Structural Deficit Amid Declining Demand

Fundamental Background
The structural deficit in the silver market has now persisted for a sixth consecutive year. According to forecasts by the Silver Institute, the gap between supply and demand in 2026 is expected to reach 67 million ounces, forcing the market to rely on accumulated reserves. However, the demand picture remains uneven.

Industrial consumption continues to decline, primarily due to the photovoltaic sector, where solar panel manufacturers are actively reducing the amount of silver used per cell in response to elevated prices. Against this backdrop, investment demand remains resilient: global ETP holdings have reached approximately 1.31 billion ounces, while silver lease rates in London have climbed to record highs amid a growing physical shortage.

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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Weekly Market Insights with Gary Thomson: US Inflation, UK GDP, and US-China Meeting


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

In this episode of Market Insights, Gary Thomson unpacks the strategic implications of the most critical events driving global markets.

Key topics covered in this episode:
- US Inflation Rate
- UK GDP Data
- US-China Meeting

To summarise, the market outlook remains driven by a combination of macroeconomic data and geopolitical developments, with no clear dominant trend yet established.

In this environment, traders closely monitor incoming data, being flexible and getting ready for short-term volatility.

Gain insights to strengthen your trading knowledge.

Watch it now and stay updated with FXOpen.

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 Trades Sideways, USD/CAD Rally Still Looks Strong

GBP/USD is attempting a consolidation phase above 1.33500. USD/CAD is showing positive signs and might aim for more gains above 1.3725.

Important Takeaways for GBP/USD and USD/CAD Analysis Today
- The British Pound started a recovery wave above 1.3515 and 1.3550.
- There is a key bearish trend line forming with resistance near 1.3620 on the hourly chart of GBP/USD at FXOpen.
- USD/CAD rallied above 1.3650 and 1.3680 before the bears appeared.
- There was a break above a bearish trend line with resistance at 1.3695 on the hourly chart at FXOpen.

GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair started a fresh decline from 1.3635 after a decent increase. The British Pound traded below 1.3600 to again move into a short-term bearish zone against the US Dollar.

The pair even traded below 1.3580 and the 50-hour simple moving average. Finally, the bulls appeared near 1.3550. A low was formed near 1.3547, and the pair is now attempting a short-term recovery wave.

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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Dollar Gains After CPI: USD/JPY and USD/CAD Test Resistance

The US dollar strengthened following the release of stronger-than-expected inflation data, which reinforced expectations that the Federal Reserve will maintain a restrictive monetary policy stance. US consumer prices rose to their highest levels since May 2023, renewing concerns over persistent inflationary pressure. This pushed Treasury yields higher and supported demand for the dollar. Additional support came from renewed speculation among some market participants that the Fed could still consider further tightening.

Despite the stronger dollar, the continuation of the upward move remains uncertain. Following the sharp rally, both USD/JPY and USD/CAD tested important resistance levels, but the market has so far failed to secure a sustained break above them. This suggests that investors remain cautious and that the latest bullish impulse has yet to be fully confirmed.

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: EUR/USD Revisits Support While USD/JPY Eyes Bigger Recovery Move

EUR/USD declined from 1.1800 and traded below 1.1750. USD/JPY is rising and might gain pace above 158.00 and 158.80.

Important Takeaways for EUR/USD and USD/JPY Analysis Today
- The Euro started a fresh decline after a decent move to 1.1800.
- There was a break below a key bullish trend line with support at 1.1765 on the hourly chart of EUR/USD at FXOpen.
- USD/JPY climbed higher above the 156.40 and 157.10 levels.
- There is a major bullish trend line forming with support at 157.40 on the hourly chart at FXOpen.

EUR/USD Technical Analysis

On the hourly chart of EUR/USD at FXOpen, the pair climbed above the 1.1780 resistance zone before the bears appeared, as discussed in the previous analysis. The Euro started a fresh decline and traded below 1.1765 against the US Dollar.

There was a break below a key bullish trend line with support at 1.1765. The pair declined below 1.1750 and tested 1.1720. A low was formed near 1.1721 and the pair started a consolidation phase.

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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EUR/USD and GBP/USD Return to Ranges Ahead of Key Data

European currencies have moved into a corrective phase following recent gains, while market participants focus on upcoming macroeconomic data from the UK, the eurozone and the United States. After a strong upward move, both currencies returned to their previous trading ranges, signalling a shift towards consolidation ahead of important economic releases. Additional pressure on the euro and pound is coming from partial profit-taking after the earlier weakening of the US dollar.

Investors will assess data on UK GDP, industrial production and business activity across European economies. These figures may influence expectations regarding future actions by the Bank of England and the European Central Bank. At the same time, markets continue to monitor US statistics, including retail sales and jobless claims, which could affect expectations surrounding future Federal Reserve policy.

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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Alibaba: Weak Earnings and Record Trading Volume After Results

Fundamental Background
On 13 May, Alibaba Group released its financial results for the fourth quarter of fiscal year 2026. Revenue reached RMB 243.38 billion ($35.28 billion), up 3% compared with the same period a year earlier. The company reported an operating loss of RMB 848 million ($123 million), compared with an operating profit of RMB 28.46 billion in the corresponding quarter last year. The decline was driven by heavy investment in AI infrastructure and subsidies for the Taobao Instant Commerce rapid-delivery service. Non-GAAP net profit fell by 100% to RMB 86 million ($12 million).

The only notably positive segment was cloud computing: revenue from external clients increased by 40%, while AI-related product revenue posted strong growth for the eleventh consecutive quarter, according to the company’s press release.

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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GBP/USD: Sterling Under Pressure Despite Strong GDP Data

Fundamental Background
UK GDP grew by 0.6% in the first quarter of 2026, notably above the revised 0.2% reading recorded in the fourth quarter of 2025. The main contribution came from the services sector, which expanded by 0.8%. Nevertheless, strong macroeconomic data failed to support sterling: CPI inflation accelerated to 3.3% year-on-year in March, up from 3.0% in February, mainly due to higher motor fuel prices linked to the Middle East conflict.

At its meeting on 30 April, the Bank of England kept the base rate unchanged at 3.75% in an 8–1 vote, while several MPC members signalled the possibility of further tightening should inflationary pressure persist. According to the International Monetary Fund, UK GDP growth in 2026 is expected to reach only 0.8%, representing the largest downgrade among G7 economies.

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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Fed vs ECB vs BOJ — Key Considerations for H2 2026



At the start of 2026, markets expected Fed cuts, BOJ hikes, and an ECB pause.

But rising inflation, higher energy prices, resilient US growth, and shifting central bank rhetoric are forcing traders to rethink the entire macro outlook for H2 2026.

- Fed rate hike expectations are rising again
- The ECB is turning more hawkish amid energy-driven inflation risks
- The BOJ remains an important factor to monitor for FX markets and carry trades

Policy divergence between major central banks could become a closely watched factor for FX markets in the second half of the year.

Watch it now and stay updated with FXOpen.

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: Gold Slips As WTI Crude Oil Rally Gains Fresh Momentum

Gold price extended losses below $4,650 before the bulls appeared. WTI Crude oil prices are rising and could climb further higher toward $105.

Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today
- Gold price failed to clear $4,800 and declined steadily against the US Dollar.
- There is a key bearish trend line forming with resistance at $4,625 on the hourly chart of gold at FXOpen.
- WTI Crude oil prices are moving higher above the $100.00 pivot zone.
- There is a connecting bullish trend line forming with support at $101.80 on the hourly chart of XTI/USD at FXOpen.

Gold Price Technical Analysis

On the hourly chart of Gold at FXOpen, the price failed to settle above $4,800 and reacted to the downside, as discussed in the previous analysis. The price traded below $4,750 and $4,700 to enter a short-term bearish zone.

There was a sharp drop below $4,650. The price settled below the 50-hour simple moving average, and RSI dipped below 30. Finally, it tested the $4,480 zone. A low was formed at $4,480, and the price is now correcting some losses.

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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WTI: Falling Production and Deadlock in Negotiations

Fundamental Background
As a result of the military conflict between the United States and Iran, the combined volume of halted oil production in Iraq, Saudi Arabia, Kuwait, the UAE, Qatar and Bahrain reached 10.5 million barrels per day in April, triggering record declines in global oil inventories. The U.S. Energy Information Administration forecasts a drop in global inventories of 8.5 million barrels per day in the second quarter of 2026 before supplies through the strait begin to recover.

An additional structural factor came from the UAE’s withdrawal from OPEC, which took effect on 1 May 2026 and reduced the cartel’s available spare production capacity. On the diplomatic front, negotiations continue without clear progress: according to available reports, Iran is prepared to accept a long-term nuclear freeze, but not the full dismantling of its nuclear programme, while both sides continue discussing conditions through intermediaries.

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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Scalping Indicators in Forex and CFD Trading

Scalping indicators are technical tools that signal entries and exits in forex and CFD markets. They are typically applied on 1-minute to 5-minute charts during very short-term trades. These forex scalping indicators process price, momentum, and volatility data into structured readings. They suit conditions defined by tight spreads, fast execution, and small price fluctuations.


Scalpers execute many trades over minutes or seconds, aiming to capture minor price moves in active markets. Technical indicators offer the structured signals needed to support these fast decisions. This article covers the main indicators for scalping and their application to intraday trading.

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.