#usdcad #forextrading #tradingtips #marketanalysis #MarketNews
USD/CAD Rises to a Two-Month High
Today, the USD/CAD currency pair climbed above the 1.3787 level for the first time since late January.
→ Demand for the US dollar is being supported by concerns over escalating tensions in the Middle East. Market participants are favouring the USD as a safe-haven asset.
→ The Canadian dollar is under pressure due to domestic economic concerns. According to media reports, recent data point to weak GDP growth and a soft labour market. This increases the likelihood that the Bank of Canada will cut interest rates, while the Federal Reserve is expected to keep them unchanged.
Technical Analysis of USD/CAD
On 23 February, when the pair was trading around the 1.3700 level, we:
→ highlighted the ongoing long-term descending channel and the key support at 1.3500;
→ noted similarities with a rounding top pattern;
→ suggested a scenario in which bears might attempt to regain control and resume the longer-term downtrend.
Indeed, in the following sessions, USD/CAD showed signs of strong selling pressure, with the most pronounced move occurring on 9 March, when the pair dropped below 1.3530.
However, the onset of the Middle East conflict and other factors have significantly shifted market sentiment. The long-term descending channel has now been broken, suggesting that:
→ bulls have regained control of the market;
→ the pair may continue to develop within a newly formed ascending channel (shown in blue);
→ the 1.3700 level, which previously acted as resistance, may now serve as support going forward.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article 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.
USD/CAD Rises to a Two-Month High
Today, the USD/CAD currency pair climbed above the 1.3787 level for the first time since late January.
→ Demand for the US dollar is being supported by concerns over escalating tensions in the Middle East. Market participants are favouring the USD as a safe-haven asset.
→ The Canadian dollar is under pressure due to domestic economic concerns. According to media reports, recent data point to weak GDP growth and a soft labour market. This increases the likelihood that the Bank of Canada will cut interest rates, while the Federal Reserve is expected to keep them unchanged.
Technical Analysis of USD/CAD
On 23 February, when the pair was trading around the 1.3700 level, we:
→ highlighted the ongoing long-term descending channel and the key support at 1.3500;
→ noted similarities with a rounding top pattern;
→ suggested a scenario in which bears might attempt to regain control and resume the longer-term downtrend.
Indeed, in the following sessions, USD/CAD showed signs of strong selling pressure, with the most pronounced move occurring on 9 March, when the pair dropped below 1.3530.
However, the onset of the Middle East conflict and other factors have significantly shifted market sentiment. The long-term descending channel has now been broken, suggesting that:
→ bulls have regained control of the market;
→ the pair may continue to develop within a newly formed ascending channel (shown in blue);
→ the 1.3700 level, which previously acted as resistance, may now serve as support going forward.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article 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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#silver #XAGUSD #commodities #marketanalysis #MarketNews
Silver Price Falls Back Below $70
As can be observed on the XAG/USD chart, the price of silver has once again dropped below the psychological $70 level. At the same time, this week has been marked by sharp fluctuations: on Monday, prices traded below $65, while as recently as yesterday, silver reached $74 per ounce.
Market volatility is being driven by ongoing geopolitical uncertainty. Conflicting statements from the United States and Iran regarding potential peace negotiations continue to unsettle financial markets. According to media reports:
→ Washington maintains that negotiations are ongoing, with the Trump administration reportedly delivering a 15-point proposal to Iran via intermediaries, aimed at resolving the conflict and reopening the Strait of Hormuz.
→ Iran, in turn, has stated that it does not intend to negotiate with the US, rejecting the proposed ceasefire and instead putting forward its own conditions.
On the morning of 19 March, analysing the XAG/USD chart, we:
→ concluded that the market was under significant pressure;
→ identified and plotted a descending channel (marked in red) on the silver price chart;
→ suggested that the channel’s median line could act as near-term resistance, thereby validating the structure.
Indeed, subsequent price action confirmed this framework, as indicated by the arrows:
→ the lower boundary acted as support on the same day;
→ yesterday, price reversed lower from the median line (which shifted from support to resistance), reinforcing the prevailing bearish sentiment observed throughout March.
From a bullish perspective:
→ the break below the 6 February low around the $64 level highlights aggressive demand — so-called “smart money” may have absorbed liquidity in this zone, positioning for higher prices;
→ silver may be in the process of forming an inverse head and shoulders pattern.
However, as long as price continues to trade below the red median line of the active channel, it would be premature to speak of any meaningful bullish conviction.
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article 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.
Silver Price Falls Back Below $70
As can be observed on the XAG/USD chart, the price of silver has once again dropped below the psychological $70 level. At the same time, this week has been marked by sharp fluctuations: on Monday, prices traded below $65, while as recently as yesterday, silver reached $74 per ounce.
Market volatility is being driven by ongoing geopolitical uncertainty. Conflicting statements from the United States and Iran regarding potential peace negotiations continue to unsettle financial markets. According to media reports:
→ Washington maintains that negotiations are ongoing, with the Trump administration reportedly delivering a 15-point proposal to Iran via intermediaries, aimed at resolving the conflict and reopening the Strait of Hormuz.
→ Iran, in turn, has stated that it does not intend to negotiate with the US, rejecting the proposed ceasefire and instead putting forward its own conditions.
On the morning of 19 March, analysing the XAG/USD chart, we:
→ concluded that the market was under significant pressure;
→ identified and plotted a descending channel (marked in red) on the silver price chart;
→ suggested that the channel’s median line could act as near-term resistance, thereby validating the structure.
Indeed, subsequent price action confirmed this framework, as indicated by the arrows:
→ the lower boundary acted as support on the same day;
→ yesterday, price reversed lower from the median line (which shifted from support to resistance), reinforcing the prevailing bearish sentiment observed throughout March.
From a bullish perspective:
→ the break below the 6 February low around the $64 level highlights aggressive demand — so-called “smart money” may have absorbed liquidity in this zone, positioning for higher prices;
→ silver may be in the process of forming an inverse head and shoulders pattern.
However, as long as price continues to trade below the red median line of the active channel, it would be premature to speak of any meaningful bullish conviction.
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article 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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#EURAUD #forextrading #tradingtips #marketanalysis #MarketNews
The EUR/AUD Pair Rose by More Than 2% Over the Week
If last Thursday trading was taking place below the 1.6300 level, today one euro is worth more than 1.6660 Australian dollars. The upward trend seen in recent days has been driven by a combination of factors, including:
→ Bullish factor for the euro: The European Central Bank (ECB) has revised its 2026 inflation forecast upwards (to 2.6%). The reason lies in the Middle East conflict and rising energy prices. This signals to the market that the ECB may not only refrain from cutting rates but could also begin discussing potential rate hikes this year.
→ Bearish factor for the Australian dollar: The Middle East conflict is placing significant pressure on China’s economy (which is already dealing with a property market crisis). A slowdown in trade with China is weakening the Australian currency. For more details, see the article: What Are Commodity Currencies?
However, the chart indicates that the bullish momentum is fading — this is reflected in a series of bearish divergences, with the RSI moving down from overbought territory.
Continuing the technical analysis of the EUR/AUD chart, it can be observed that price fluctuations have formed a long-term descending channel. In this context:
→ Bulls have shown initiative: after touching the lower boundary of the channel, they (as marked by arrows) gradually took control over intermediate channel levels.
→ The current situation can be interpreted as a period of short-term consolidation (with the formation of a narrowing triangle pattern). The triangle may have been broken this morning, but Australia’s inflation report came in line with expectations — and the market continues to consolidate.
If we assume that bulls manage to gather enough strength for another upward push, they may face a significant test in the form of a resistance zone:
→ the March high around the 1.6730 level;
→ the upper boundary of the descending channel.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article 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.
The EUR/AUD Pair Rose by More Than 2% Over the Week
If last Thursday trading was taking place below the 1.6300 level, today one euro is worth more than 1.6660 Australian dollars. The upward trend seen in recent days has been driven by a combination of factors, including:
→ Bullish factor for the euro: The European Central Bank (ECB) has revised its 2026 inflation forecast upwards (to 2.6%). The reason lies in the Middle East conflict and rising energy prices. This signals to the market that the ECB may not only refrain from cutting rates but could also begin discussing potential rate hikes this year.
→ Bearish factor for the Australian dollar: The Middle East conflict is placing significant pressure on China’s economy (which is already dealing with a property market crisis). A slowdown in trade with China is weakening the Australian currency. For more details, see the article: What Are Commodity Currencies?
However, the chart indicates that the bullish momentum is fading — this is reflected in a series of bearish divergences, with the RSI moving down from overbought territory.
Continuing the technical analysis of the EUR/AUD chart, it can be observed that price fluctuations have formed a long-term descending channel. In this context:
→ Bulls have shown initiative: after touching the lower boundary of the channel, they (as marked by arrows) gradually took control over intermediate channel levels.
→ The current situation can be interpreted as a period of short-term consolidation (with the formation of a narrowing triangle pattern). The triangle may have been broken this morning, but Australia’s inflation report came in line with expectations — and the market continues to consolidate.
If we assume that bulls manage to gather enough strength for another upward push, they may face a significant test in the form of a resistance zone:
→ the March high around the 1.6730 level;
→ the upper boundary of the descending channel.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article 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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#META #stockmarket #stocktrading #marketanalysis #MarketNews
Meta Platforms (META) Shares Fall by Around 8%
Yesterday, shares of Meta Platforms saw a sharp decline, dropping by approximately 8%, with trading closing below the $550 level for the first time since late April 2025.
Why META Shares Declined
The move was driven by a combination of factors, including:
→ Jury ruling. According to media reports, a jury ordered Meta to pay $375 million for misleading parents about the safety of Instagram and Facebook. The court also found the company liable for developing addictive algorithms that harm teenagers’ mental health.
→ Confirmed capital expenditure (CapEx) for 2026 in the range of $115–135 billion. Significant funds are being directed towards energy infrastructure, including a 6.6 GW nuclear energy deal to power the Prometheus supercomputer. The market may question whether returns on AI investments will justify such large-scale spending.
Sentiment has also been weighed down by reports of plans to cut up to 20% of the workforce. While layoffs are typically viewed positively due to cost savings, in this case they may signal that profit margins are being squeezed more than expected due to AI-related expenditure.
Technical Analysis of META
At the end of January, we:
→ constructed a system of two trend channels;
→ noted that META’s share price had moved above the psychological $700 level.
As it turned out, this was a bull trap formed in the wake of strong quarterly earnings. In early February, the price fell towards the lower boundary of the long-term ascending channel, and by the 13th, that boundary was broken under selling pressure.
As a result, the upward trajectory is losing relevance, giving way to the previously identified descending trend channel. In this context, the bearish breakout zone at $620–640 may now act as resistance, where sellers previously showed strength.
Additionally, it is worth noting that:
→ the psychological $600 level has lost its role as support;
→ yesterday’s candle featured a wide body with a close near the low, accompanied by high volumes — a clear sign of heavy selling pressure.
Against this backdrop, it cannot be ruled out that continued bearish control may push META’s price towards the lower boundary of the red channel.
Trade global index CFDs with zero commission and tight spreads*. Learn more about trading index CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article 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.
Meta Platforms (META) Shares Fall by Around 8%
Yesterday, shares of Meta Platforms saw a sharp decline, dropping by approximately 8%, with trading closing below the $550 level for the first time since late April 2025.
Why META Shares Declined
The move was driven by a combination of factors, including:
→ Jury ruling. According to media reports, a jury ordered Meta to pay $375 million for misleading parents about the safety of Instagram and Facebook. The court also found the company liable for developing addictive algorithms that harm teenagers’ mental health.
→ Confirmed capital expenditure (CapEx) for 2026 in the range of $115–135 billion. Significant funds are being directed towards energy infrastructure, including a 6.6 GW nuclear energy deal to power the Prometheus supercomputer. The market may question whether returns on AI investments will justify such large-scale spending.
Sentiment has also been weighed down by reports of plans to cut up to 20% of the workforce. While layoffs are typically viewed positively due to cost savings, in this case they may signal that profit margins are being squeezed more than expected due to AI-related expenditure.
Technical Analysis of META
At the end of January, we:
→ constructed a system of two trend channels;
→ noted that META’s share price had moved above the psychological $700 level.
As it turned out, this was a bull trap formed in the wake of strong quarterly earnings. In early February, the price fell towards the lower boundary of the long-term ascending channel, and by the 13th, that boundary was broken under selling pressure.
As a result, the upward trajectory is losing relevance, giving way to the previously identified descending trend channel. In this context, the bearish breakout zone at $620–640 may now act as resistance, where sellers previously showed strength.
Additionally, it is worth noting that:
→ the psychological $600 level has lost its role as support;
→ yesterday’s candle featured a wide body with a close near the low, accompanied by high volumes — a clear sign of heavy selling pressure.
Against this backdrop, it cannot be ruled out that continued bearish control may push META’s price towards the lower boundary of the red channel.
Trade global index CFDs with zero commission and tight spreads*. Learn more about trading index CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article 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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#MarketUpdate #ForexNews #USMarkets #MarketVolatility #TradingInsights #GlobalMarkets #Trading #Investing #Economy
Market Insights with Gary Thomson: Oil, US Retail Sales & NFP in Focus
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 week’s most critical events driving global markets.
👉 Key topics covered in this episode:
🔸 What Happened in the Markets Over the Past Few Days
US-Iran tensions are fueling market uncertainty, with shifting headlines, mixed negotiation signals, and no clear resolution. Oil remains volatile, and equities reflect fragile sentiment rather than a trend. Will markets find direction, or will uncertainty keep prices unstable?
🔸 US Retail Sales
US Retail Sales data on 1 April could signal shifts in consumer demand, following weak growth in recent months and a decline in January. The US dollar may react sharply if the new figures diverge from expectations. Will retail sales show a rebound, or continue the trend of weakening consumer demand?
🔸 US Nonfarm Payrolls and Unemployment Rate
US Nonfarm Payrolls and the Unemployment Rate on 3 April could reveal whether the labour market is weakening or stabilising, after February’s 92,000-job loss and a rise in unemployment to 4.4%. Will the data show further deterioration, or a surprising rebound in US employment?
In summary, next week markets face a balance between elevated volatility from geopolitical risks and potential direction from upcoming macroeconomic data.
Gain insights to strengthen your trading knowledge.
https://cutt.ly/OtPk0CDs
💬 Don’t forget to like, comment, and subscribe for more market insights every week.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
⚠️
This video represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
Market Insights with Gary Thomson: Oil, US Retail Sales & NFP in Focus
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 week’s most critical events driving global markets.
👉 Key topics covered in this episode:
🔸 What Happened in the Markets Over the Past Few Days
US-Iran tensions are fueling market uncertainty, with shifting headlines, mixed negotiation signals, and no clear resolution. Oil remains volatile, and equities reflect fragile sentiment rather than a trend. Will markets find direction, or will uncertainty keep prices unstable?
🔸 US Retail Sales
US Retail Sales data on 1 April could signal shifts in consumer demand, following weak growth in recent months and a decline in January. The US dollar may react sharply if the new figures diverge from expectations. Will retail sales show a rebound, or continue the trend of weakening consumer demand?
🔸 US Nonfarm Payrolls and Unemployment Rate
US Nonfarm Payrolls and the Unemployment Rate on 3 April could reveal whether the labour market is weakening or stabilising, after February’s 92,000-job loss and a rise in unemployment to 4.4%. Will the data show further deterioration, or a surprising rebound in US employment?
In summary, next week markets face a balance between elevated volatility from geopolitical risks and potential direction from upcoming macroeconomic data.
Gain insights to strengthen your trading knowledge.
https://cutt.ly/OtPk0CDs
💬 Don’t forget to like, comment, and subscribe for more market insights every week.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
⚠️
This video represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
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Daily Market News with FXOpen - 30 March 2026
🔸 European markets set to start the week lower as Iran war intensifies;
🔸 Dollar bides time as markets brace for drawn-out Middle East war;
🔸 Gold firms on softer dollar, but dimming Fed rate-cut hopes cap rise.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
#stocks #markets #trading #forex #dollar #gold #economy #investing #news
🔸 European markets set to start the week lower as Iran war intensifies;
🔸 Dollar bides time as markets brace for drawn-out Middle East war;
🔸 Gold firms on softer dollar, but dimming Fed rate-cut hopes cap rise.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
#stocks #markets #trading #forex #dollar #gold #economy #investing #news
👍1
#GBPUSD #EURGBP #forextrading #tradingtips #marketanalysis
Market Analysis: GBP/USD Dips Further As EUR/GBP Regains Traction
GBP/USD failed to climb above 1.3500 and corrected some gains. EUR/GBP started a decent increase and might aim for more gains above 0.8700.
Important Takeaways for GBP/USD and EUR/GBP Analysis Today
· The British Pound is showing bearish signs below the 1.3400 support.
· There is a key bearish trend line forming with resistance near 1.3280 on the hourly chart of GBP/USD at FXOpen.
· EUR/GBP is gaining pace and trading above the 0.8660 pivot level.
· There is a connecting bullish trend line forming with support at 0.8670 on the hourly chart at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair failed to stay above the 1.3450 pivot level. As a result, the British Pound started a fresh decline below 1.3400 against the US Dollar.
There was a clear move below 1.3340 and the 50-hour simple moving average. The bears pushed the pair below 1.3250. Finally, there was a spike toward the 1.3200 handle. A low was formed near 1.3202, and the pair is now consolidating losses.
There was a minor move above 1.3240 and the 23.6% Fib retracement level of the downward move from the 1.3479 swing high to the 1.3202 low. On the upside, the GBP/USD chart indicates that the pair is facing resistance near a key bearish trend line at 1.3280.
A close above the trend line might send the pair toward the 50% Fib retracement at 1.3340. If the bulls remain in action, they could aim for more gains.
In the stated case, the pair might rise toward 1.3415. The next major hurdle for GBP/USD sits at 1.3480. On the downside, there is a key support forming near 1.3200. If there is a downside break below 1.3200, the pair could accelerate lower. The next key interest area might be 1.3160, below which the pair could test 1.3120. Any more downside could lead the pair toward 1.3050.
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP at FXOpen, the pair started a decent increase from 0.8635. The Euro traded above 0.8650 to enter a positive zone against the British Pound.
The pair settled above the 50-hour simple moving average and 0.8660. The pair traded as high as 0.8687 before there was a minor pullback, but the pair stayed above the 23.6% Fib retracement level of the upward move from the 0.8636 swing low to the 0.8687 high.
However, the pair is stable above 0.8670. Besides, there is a connecting bullish trend line forming with support at 0.8670.
A downside break below 0.8670 might call for more downsides. In the stated case, the pair could drop toward the 50% Fib retracement level at 0.8660. Any more losses might call for an extended drop toward the 0.8635 pivot zone.
If there is another increase, the EUR/GBP chart suggests that the pair is facing hurdles near 0.8685. A close above 0.8685 might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8700. Any more gains might send the pair to 0.8740.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article 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.
Market Analysis: GBP/USD Dips Further As EUR/GBP Regains Traction
GBP/USD failed to climb above 1.3500 and corrected some gains. EUR/GBP started a decent increase and might aim for more gains above 0.8700.
Important Takeaways for GBP/USD and EUR/GBP Analysis Today
· The British Pound is showing bearish signs below the 1.3400 support.
· There is a key bearish trend line forming with resistance near 1.3280 on the hourly chart of GBP/USD at FXOpen.
· EUR/GBP is gaining pace and trading above the 0.8660 pivot level.
· There is a connecting bullish trend line forming with support at 0.8670 on the hourly chart at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair failed to stay above the 1.3450 pivot level. As a result, the British Pound started a fresh decline below 1.3400 against the US Dollar.
There was a clear move below 1.3340 and the 50-hour simple moving average. The bears pushed the pair below 1.3250. Finally, there was a spike toward the 1.3200 handle. A low was formed near 1.3202, and the pair is now consolidating losses.
There was a minor move above 1.3240 and the 23.6% Fib retracement level of the downward move from the 1.3479 swing high to the 1.3202 low. On the upside, the GBP/USD chart indicates that the pair is facing resistance near a key bearish trend line at 1.3280.
A close above the trend line might send the pair toward the 50% Fib retracement at 1.3340. If the bulls remain in action, they could aim for more gains.
In the stated case, the pair might rise toward 1.3415. The next major hurdle for GBP/USD sits at 1.3480. On the downside, there is a key support forming near 1.3200. If there is a downside break below 1.3200, the pair could accelerate lower. The next key interest area might be 1.3160, below which the pair could test 1.3120. Any more downside could lead the pair toward 1.3050.
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP at FXOpen, the pair started a decent increase from 0.8635. The Euro traded above 0.8650 to enter a positive zone against the British Pound.
The pair settled above the 50-hour simple moving average and 0.8660. The pair traded as high as 0.8687 before there was a minor pullback, but the pair stayed above the 23.6% Fib retracement level of the upward move from the 0.8636 swing low to the 0.8687 high.
However, the pair is stable above 0.8670. Besides, there is a connecting bullish trend line forming with support at 0.8670.
A downside break below 0.8670 might call for more downsides. In the stated case, the pair could drop toward the 50% Fib retracement level at 0.8660. Any more losses might call for an extended drop toward the 0.8635 pivot zone.
If there is another increase, the EUR/GBP chart suggests that the pair is facing hurdles near 0.8685. A close above 0.8685 might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8700. Any more gains might send the pair to 0.8740.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article 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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Daily Market News with FXOpen - 31 March 2026
🔸 European stocks head for worst month since 2020 as Iran war drags on;
🔸 Gold heads for biggest monthly drop in more than 17 years;
🔸 Japan brands yen falls as “speculative” as Iran war ignites sell-off.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
#StockMarket #GlobalMarkets #Gold #Forex #Yen #USDollar #Investing #Geopolitics #MarketNews
🔸 European stocks head for worst month since 2020 as Iran war drags on;
🔸 Gold heads for biggest monthly drop in more than 17 years;
🔸 Japan brands yen falls as “speculative” as Iran war ignites sell-off.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
#StockMarket #GlobalMarkets #Gold #Forex #Yen #USDollar #Investing #Geopolitics #MarketNews
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#EURUSD #forextrading #tradingtips #marketanalysis
European Currencies Decline: Pound Hits New Lows, Euro Under Pressure
European currencies continue to weaken against the US dollar amid rising geopolitical tensions and increased demand for safe-haven and liquid assets. Market participants are reducing exposure to riskier instruments, putting pressure on both the euro and the pound. Additional support for the dollar comes from expectations surrounding upcoming US macroeconomic data, which may confirm economic resilience and reinforce the Federal Reserve’s hawkish stance.
Escalating tensions in the Middle East remain a key driver for the FX market. Intensifying conflict, risks of disruptions to energy supplies, and rising oil prices are fuelling inflation expectations and boosting demand for the dollar. In such conditions, European currencies remain under pressure as investors favour safer assets over risk-sensitive ones.
EUR/USD
EUR/USD continues to decline and is approaching its yearly lows, remaining under pressure following the recent bearish impulse. The failure of buyers to secure a foothold above 1.1640 last week allowed sellers to regain control and push the pair towards the recent low near 1.1440. Yearly lows are now within close reach, and weaker eurozone data or stronger US figures could intensify the downside, potentially leading to a break below 1.1400.
At the same time, if 1.1440 holds as support, a corrective rebound towards 1.1520–1.1540 may unfold.
Key events for EUR/USD:
🔸 today at 09:00 (GMT+2): German retail sales
🔸 today at 10:55 (GMT+2): change in German unemployment
🔸 today at 17:00 (GMT+2): US CB consumer confidence index
European Currencies Decline: Pound Hits New Lows, Euro Under Pressure
European currencies continue to weaken against the US dollar amid rising geopolitical tensions and increased demand for safe-haven and liquid assets. Market participants are reducing exposure to riskier instruments, putting pressure on both the euro and the pound. Additional support for the dollar comes from expectations surrounding upcoming US macroeconomic data, which may confirm economic resilience and reinforce the Federal Reserve’s hawkish stance.
Escalating tensions in the Middle East remain a key driver for the FX market. Intensifying conflict, risks of disruptions to energy supplies, and rising oil prices are fuelling inflation expectations and boosting demand for the dollar. In such conditions, European currencies remain under pressure as investors favour safer assets over risk-sensitive ones.
EUR/USD
EUR/USD continues to decline and is approaching its yearly lows, remaining under pressure following the recent bearish impulse. The failure of buyers to secure a foothold above 1.1640 last week allowed sellers to regain control and push the pair towards the recent low near 1.1440. Yearly lows are now within close reach, and weaker eurozone data or stronger US figures could intensify the downside, potentially leading to a break below 1.1400.
At the same time, if 1.1440 holds as support, a corrective rebound towards 1.1520–1.1540 may unfold.
Key events for EUR/USD:
🔸 today at 09:00 (GMT+2): German retail sales
🔸 today at 10:55 (GMT+2): change in German unemployment
🔸 today at 17:00 (GMT+2): US CB consumer confidence index
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#GBPUSD #forex
GBP/USD
GBP/USD is showing more pronounced weakness, having already refreshed its yearly lows amid impulsive selling pressure. The pound is weighed down by a combination of external factors, including US dollar strength, and domestic uncertainty related to the outlook for Bank of England monetary policy.
Technical analysis suggests the possibility of a corrective move higher towards 1.3250–1.3280; however, under current conditions such a recovery is likely to be limited ahead of a potential resumption of the downward move.
Key events for GBP/USD:
🔸 today at 09:00 (GMT+2): UK GDP
🔸 today at 09:00 (GMT+2): UK current account balance
🔸 today at 14:30 (GMT+2): US JOLTS job openings
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article 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.
GBP/USD
GBP/USD is showing more pronounced weakness, having already refreshed its yearly lows amid impulsive selling pressure. The pound is weighed down by a combination of external factors, including US dollar strength, and domestic uncertainty related to the outlook for Bank of England monetary policy.
Technical analysis suggests the possibility of a corrective move higher towards 1.3250–1.3280; however, under current conditions such a recovery is likely to be limited ahead of a potential resumption of the downward move.
Key events for GBP/USD:
🔸 today at 09:00 (GMT+2): UK GDP
🔸 today at 09:00 (GMT+2): UK current account balance
🔸 today at 14:30 (GMT+2): US JOLTS job openings
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article 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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#marketanalysis #EURUSD #forextrading #tradingtips
Market Analysis: EUR/USD Aims Recovery While USD/JPY Gives Back Recent Gains
EUR/USD is recovering losses from 1.1450. USD/JPY is correcting gains from 160.50 and might decline further below 158.00.
Important Takeaways for EUR/USD and USD/JPY Analysis Today
· The Euro struggled to stay in a positive zone and declined below 1.1600 before finding support.
· There is a key bearish trend line forming with resistance at 1.1575 on the hourly chart of EUR/USD at FXOpen.
· USD/JPY rallied significantly before the bears appeared near 160.45.
· There is a major bearish trend line forming with resistance near 159.20 on the hourly chart at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen, the pair started a fresh decline from 1.1640. The Euro declined below 1.1600 and 1.1520 against the US Dollar.
The pair even declined below 1.1500 and the 50-hour simple moving average. Finally, it tested the 1.1445 zone. A low was formed at 1.1443, and the pair is now recovering losses. There was a move above 1.1500 and the 50-hour simple moving average.
The pair surpassed the 50% Fib retracement level of the downward move from the 1.1639 swing high to the 1.1443 low. On the upside, the pair is now facing resistance near the 61.8% Fib retracement and 1.1575. There is also a key bearish trend line forming with resistance at 1.1575.
The first major hurdle for the bulls could be 1.1605. An upside break above 1.1605 could set the pace for another increase. In the stated case, the pair might rise toward 1.1640.
If not, the pair might drop again. Immediate support is near 1.1520. The next key area of interest might be 1.1480 or the 50-hour simple moving average. If there is a downside break below 1.1480, the pair could drop toward 1.1445. The main target for the bears on the EUR/USD chart could be 1.1400, below which the pair could start a major decline.
Market Analysis: EUR/USD Aims Recovery While USD/JPY Gives Back Recent Gains
EUR/USD is recovering losses from 1.1450. USD/JPY is correcting gains from 160.50 and might decline further below 158.00.
Important Takeaways for EUR/USD and USD/JPY Analysis Today
· The Euro struggled to stay in a positive zone and declined below 1.1600 before finding support.
· There is a key bearish trend line forming with resistance at 1.1575 on the hourly chart of EUR/USD at FXOpen.
· USD/JPY rallied significantly before the bears appeared near 160.45.
· There is a major bearish trend line forming with resistance near 159.20 on the hourly chart at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen, the pair started a fresh decline from 1.1640. The Euro declined below 1.1600 and 1.1520 against the US Dollar.
The pair even declined below 1.1500 and the 50-hour simple moving average. Finally, it tested the 1.1445 zone. A low was formed at 1.1443, and the pair is now recovering losses. There was a move above 1.1500 and the 50-hour simple moving average.
The pair surpassed the 50% Fib retracement level of the downward move from the 1.1639 swing high to the 1.1443 low. On the upside, the pair is now facing resistance near the 61.8% Fib retracement and 1.1575. There is also a key bearish trend line forming with resistance at 1.1575.
The first major hurdle for the bulls could be 1.1605. An upside break above 1.1605 could set the pace for another increase. In the stated case, the pair might rise toward 1.1640.
If not, the pair might drop again. Immediate support is near 1.1520. The next key area of interest might be 1.1480 or the 50-hour simple moving average. If there is a downside break below 1.1480, the pair could drop toward 1.1445. The main target for the bears on the EUR/USD chart could be 1.1400, below which the pair could start a major decline.
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#USDJPY #forex #forextrading
USD/JPY Technical Analysis
On the hourly chart of USD/JPY at FXOpen, the pair started a steady decline from well above the 160.00 zone. The US Dollar gained bearish momentum below 159.50 against the Japanese Yen.
The pair even settled below 159.00 and the 50-hour simple moving average. A low was formed at 158.44, and the pair is now consolidating losses. On the downside, the first major support is near 158.45.
The next key region for the bulls might be 158.00. If there is a close below 158.00, the pair could decline steadily. In the stated case, the pair might drop toward 156.80. Any more losses might send the pair toward 155.00.
Immediate resistance on the USD/JPY chart is near the 23.6% Fib retracement level of the downward move from the 160.46 swing high to the 158.44 low at 158.90.
If there is a close above 158.90 and the hourly RSI moves above 50, the pair could rise toward 159.20. There is also a major bearish trend line forming with resistance near 159.20. The next major barrier for the bulls could be near the 50% Fib retracement level at 159.45, above which the pair could test 160.00 in the coming days.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article 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.
USD/JPY Technical Analysis
On the hourly chart of USD/JPY at FXOpen, the pair started a steady decline from well above the 160.00 zone. The US Dollar gained bearish momentum below 159.50 against the Japanese Yen.
The pair even settled below 159.00 and the 50-hour simple moving average. A low was formed at 158.44, and the pair is now consolidating losses. On the downside, the first major support is near 158.45.
The next key region for the bulls might be 158.00. If there is a close below 158.00, the pair could decline steadily. In the stated case, the pair might drop toward 156.80. Any more losses might send the pair toward 155.00.
Immediate resistance on the USD/JPY chart is near the 23.6% Fib retracement level of the downward move from the 160.46 swing high to the 158.44 low at 158.90.
If there is a close above 158.90 and the hourly RSI moves above 50, the pair could rise toward 159.20. There is also a major bearish trend line forming with resistance near 159.20. The next major barrier for the bulls could be near the 50% Fib retracement level at 159.45, above which the pair could test 160.00 in the coming days.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article 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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#USDJPY #forextrading #tradingforex #marketanalysis #MarketNews
Weak Data Weigh on the Dollar: Market Awaits Trend Confirmation
The US dollar is retreating from recent highs, moving into a moderate correction after a prolonged period of gains. Pressure on the currency is building amid weaker-than-expected macroeconomic data, while market participants adopt a wait-and-see approach ahead of key labour market releases, including the ADP report.
The current dynamics reflect a gradual cooling in expectations regarding the resilience of the US economy. Recently published indicators point to a slowdown in business activity and easing labour market tightness, reducing support for the dollar after it reached local highs. At the same time, upcoming releases remain a key factor that could either reinforce the corrective move or restore demand for the US currency.
Among the published figures, investors focused on mixed US macro data. The Chicago PMI fell to 52.8 versus expectations of 54.8, signalling a slowdown in the manufacturing sector. In addition, JOLTS job openings came in below forecasts (6.882 million vs 7.240 million), indicating a gradual cooling in the labour market. Further pressure came from regional business activity indices, including data from the Dallas Fed, which reinforced doubts about the sustainability of the current economic momentum.
USD/JPY
After reaching fresh yearly highs and testing the psychological 160.00 level, USD/JPY has moved lower, forming a corrective pullback. Technical analysis suggests a potential decline towards the 157.50–158.00 area, as a dark cloud cover pattern has formed on the daily timeframe.
If the price consolidates above the 159.40–159.80 range, the bearish correction scenario may be invalidated.
Key events for USD/JPY:
▪️ today at 15:15 (GMT+3): US ADP non-farm employment change
▪️ today at 15:30 (GMT+3): US core retail sales
▪️ today at 16:45 (GMT+3): US manufacturing PMI
Weak Data Weigh on the Dollar: Market Awaits Trend Confirmation
The US dollar is retreating from recent highs, moving into a moderate correction after a prolonged period of gains. Pressure on the currency is building amid weaker-than-expected macroeconomic data, while market participants adopt a wait-and-see approach ahead of key labour market releases, including the ADP report.
The current dynamics reflect a gradual cooling in expectations regarding the resilience of the US economy. Recently published indicators point to a slowdown in business activity and easing labour market tightness, reducing support for the dollar after it reached local highs. At the same time, upcoming releases remain a key factor that could either reinforce the corrective move or restore demand for the US currency.
Among the published figures, investors focused on mixed US macro data. The Chicago PMI fell to 52.8 versus expectations of 54.8, signalling a slowdown in the manufacturing sector. In addition, JOLTS job openings came in below forecasts (6.882 million vs 7.240 million), indicating a gradual cooling in the labour market. Further pressure came from regional business activity indices, including data from the Dallas Fed, which reinforced doubts about the sustainability of the current economic momentum.
USD/JPY
After reaching fresh yearly highs and testing the psychological 160.00 level, USD/JPY has moved lower, forming a corrective pullback. Technical analysis suggests a potential decline towards the 157.50–158.00 area, as a dark cloud cover pattern has formed on the daily timeframe.
If the price consolidates above the 159.40–159.80 range, the bearish correction scenario may be invalidated.
Key events for USD/JPY:
▪️ today at 15:15 (GMT+3): US ADP non-farm employment change
▪️ today at 15:30 (GMT+3): US core retail sales
▪️ today at 16:45 (GMT+3): US manufacturing PMI
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#usdcad #forextrading
USD/CAD
USD/CAD is also showing a pullback from local highs following a strong rally. The formation of an Evening Star pattern near the 1.3930 level indicates a slowdown in bullish momentum and the potential for a correction towards 1.3860–1.3880.
At the same time, a move above 1.3970 could support a resumption of the uptrend and the formation of a new bullish impulse.
Key events for USD/CAD:
▪️ today at 16:30 (GMT+3): Canada manufacturing PMI
▪️ today at 17:30 (GMT+3): US crude oil inventories
▪️ today at 18:30 (GMT+3): Atlanta Fed GDPNow indicator
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article 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.
USD/CAD
USD/CAD is also showing a pullback from local highs following a strong rally. The formation of an Evening Star pattern near the 1.3930 level indicates a slowdown in bullish momentum and the potential for a correction towards 1.3860–1.3880.
At the same time, a move above 1.3970 could support a resumption of the uptrend and the formation of a new bullish impulse.
Key events for USD/CAD:
▪️ today at 16:30 (GMT+3): Canada manufacturing PMI
▪️ today at 17:30 (GMT+3): US crude oil inventories
▪️ today at 18:30 (GMT+3): Atlanta Fed GDPNow indicator
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article 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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#EURUSD #USDCHF #forextrading #forex #marketanalysis
EUR/USD and USD/CHF Pull Back: Market Reacts to Fundamentals
European currencies have shown a recovery in recent trading sessions after their recent decline, displaying early signs of a reversal. The US dollar is weakening amid expectations surrounding upcoming US macroeconomic data, while market participants are reassessing their short-term positions and allowing for a deeper corrective move in the greenback. At the same time, the risk of renewed demand for the dollar remains in place should geopolitical tensions escalate further, a factor that is already being partly priced in.
Additional support for the euro and the Swiss franc has come from a reduced demand for the US dollar as a safe-haven asset. Earlier, geopolitical tensions had boosted demand for the dollar; however, recent comments from Donald Trump regarding the possibility of new strikes on Iran in the coming weeks have once again increased uncertainty and may revive interest in the dollar as a defensive asset.
Investors are also focused on upcoming US macroeconomic releases, including labour market and trade data. These figures may reveal early signs of economic cooling, potentially adding pressure on the dollar. At the same time, a combination of strong data and rising geopolitical risks could restore solid demand for the US currency and limit the current correction. Additional attention will also be given to data from Europe and Switzerland, where inflation and business activity indicators may influence expectations regarding central bank policies and reinforce the ongoing recovery in European currencies if the figures prove supportive.
EUR/USD
The EUR/USD pair posted a solid rebound from local lows at the start of the week. Technical analysis suggests the pair may attempt another move towards 1.1640, as a “bullish engulfing” pattern has formed on the daily timeframe. However, if buyers fail to hold the price above the 1.1500–1.1520 range, a renewed downward move cannot be ruled out.
Key events for EUR/USD:
▪️today at 09:45 (GMT+3): France government budget balance
▪️today at 15:30 (GMT+3): US initial jobless claims
▪️today at 15:30 (GMT+3): US trade balance
EUR/USD and USD/CHF Pull Back: Market Reacts to Fundamentals
European currencies have shown a recovery in recent trading sessions after their recent decline, displaying early signs of a reversal. The US dollar is weakening amid expectations surrounding upcoming US macroeconomic data, while market participants are reassessing their short-term positions and allowing for a deeper corrective move in the greenback. At the same time, the risk of renewed demand for the dollar remains in place should geopolitical tensions escalate further, a factor that is already being partly priced in.
Additional support for the euro and the Swiss franc has come from a reduced demand for the US dollar as a safe-haven asset. Earlier, geopolitical tensions had boosted demand for the dollar; however, recent comments from Donald Trump regarding the possibility of new strikes on Iran in the coming weeks have once again increased uncertainty and may revive interest in the dollar as a defensive asset.
Investors are also focused on upcoming US macroeconomic releases, including labour market and trade data. These figures may reveal early signs of economic cooling, potentially adding pressure on the dollar. At the same time, a combination of strong data and rising geopolitical risks could restore solid demand for the US currency and limit the current correction. Additional attention will also be given to data from Europe and Switzerland, where inflation and business activity indicators may influence expectations regarding central bank policies and reinforce the ongoing recovery in European currencies if the figures prove supportive.
EUR/USD
The EUR/USD pair posted a solid rebound from local lows at the start of the week. Technical analysis suggests the pair may attempt another move towards 1.1640, as a “bullish engulfing” pattern has formed on the daily timeframe. However, if buyers fail to hold the price above the 1.1500–1.1520 range, a renewed downward move cannot be ruled out.
Key events for EUR/USD:
▪️today at 09:45 (GMT+3): France government budget balance
▪️today at 15:30 (GMT+3): US initial jobless claims
▪️today at 15:30 (GMT+3): US trade balance
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#USDCHF #forextrading #marketanalysis
USD/CHF
The USD/CHF pair is also showing a pullback from yearly highs and attempting to develop a corrective move. On the daily timeframe, an “evening star” pattern has formed, which may point to a decline towards the 0.7850–0.7900 area. A sustained move above 0.8000 would invalidate the bearish correction scenario.
Key events for USD/CHF:
▪️today at 09:00 (GMT+3): Switzerland Consumer Price Index (CPI)
▪️today at 18:30 (GMT+3): Atlanta Fed GDPNow indicator
▪️today at 19:45 (GMT+3): speech by FOMC member Michelle Bowman
Overall, the market appears to be shifting from a one-sided strengthening of the US dollar towards a corrective phase. However, rising geopolitical uncertainty and upcoming macroeconomic releases continue to leave room for a renewed increase in demand for the US currency. Further direction will depend on incoming data and how investors respond to the evolving news backdrop.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article 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.
USD/CHF
The USD/CHF pair is also showing a pullback from yearly highs and attempting to develop a corrective move. On the daily timeframe, an “evening star” pattern has formed, which may point to a decline towards the 0.7850–0.7900 area. A sustained move above 0.8000 would invalidate the bearish correction scenario.
Key events for USD/CHF:
▪️today at 09:00 (GMT+3): Switzerland Consumer Price Index (CPI)
▪️today at 18:30 (GMT+3): Atlanta Fed GDPNow indicator
▪️today at 19:45 (GMT+3): speech by FOMC member Michelle Bowman
Overall, the market appears to be shifting from a one-sided strengthening of the US dollar towards a corrective phase. However, rising geopolitical uncertainty and upcoming macroeconomic releases continue to leave room for a renewed increase in demand for the US currency. Further direction will depend on incoming data and how investors respond to the evolving news backdrop.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article 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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Daily Market News with FXOpen - 02 April 2026
🔸 Oil jumps 6% after Trump fuels Iran escalation concerns;
🔸 Gold prices slump as Trump threatens more attacks on Iran;
🔸 Bitcoin tumbles with stocks as Trump signals harder Iran strikes.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
Cryptocurrency CFDs are not available to Retail clients at FXOpen UK.
#OilPrices #GoldMarket #BitcoinNews #CryptoCrash #Geopolitics #IranConflict #MarketVolatility #TradingNews #GlobalMarkets
🔸 Oil jumps 6% after Trump fuels Iran escalation concerns;
🔸 Gold prices slump as Trump threatens more attacks on Iran;
🔸 Bitcoin tumbles with stocks as Trump signals harder Iran strikes.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
Cryptocurrency CFDs are not available to Retail clients at FXOpen UK.
#OilPrices #GoldMarket #BitcoinNews #CryptoCrash #Geopolitics #IranConflict #MarketVolatility #TradingNews #GlobalMarkets
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#marketnew #middleeastconflict #usirantensions #crudeoil #oilmarket #usd #usdollar #forex #trading
💲 The Real Driver Behind the Dollar Rally: Market Insights with Gary Thomson
The US dollar has been firm, but the drivers behind the move may be more complex than they first appear.
While geopolitical tension and shifts in risk sentiment play a role, current price behaviour seems increasingly influenced by inflation expectations and yields. As oil prices move higher, markets reassess the outlook for inflation and interest rates, which continues to support the dollar.
This video explores the underlying macro dynamics and why the current environment may be more conditional than it seems.
https://cutt.ly/MtSoIMI9
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
⚠️
This video represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
💲 The Real Driver Behind the Dollar Rally: Market Insights with Gary Thomson
The US dollar has been firm, but the drivers behind the move may be more complex than they first appear.
While geopolitical tension and shifts in risk sentiment play a role, current price behaviour seems increasingly influenced by inflation expectations and yields. As oil prices move higher, markets reassess the outlook for inflation and interest rates, which continues to support the dollar.
This video explores the underlying macro dynamics and why the current environment may be more conditional than it seems.
https://cutt.ly/MtSoIMI9
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
⚠️
This video represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
YouTube
💲 The Real Driver Behind the Dollar Rally: Market Insights with Gary Thomson
The US dollar has been firm, but the drivers behind the move may be more complex than they first appear.While geopolitical tension and shifts in risk sentime...
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Daily Market News with FXOpen - 03 April 2026
🔸 Asia-Pacific markets mostly rise in Easter trade on hopes for Hormuz reopening;
🔸 Oil prices surge while Asian share prices rise moderately;
🔸 Japan turns up FX heat as volatility rises, signals readiness to act.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
#AsiaPacific #GlobalMarkets #StockMarket #OilPrices #Forex #TradingNews #Investing #EnergyMarkets #MarketVolatility
🔸 Asia-Pacific markets mostly rise in Easter trade on hopes for Hormuz reopening;
🔸 Oil prices surge while Asian share prices rise moderately;
🔸 Japan turns up FX heat as volatility rises, signals readiness to act.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
#AsiaPacific #GlobalMarkets #StockMarket #OilPrices #Forex #TradingNews #Investing #EnergyMarkets #MarketVolatility
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#marketanalysis #MarketNews #AUDUSD #NZDUSD #forextrading
Consolidation Ahead of NFP: Commodity Currencies Search for Direction
Commodity-linked currencies have entered a consolidation phase following recent directional moves, as market participants adopt a wait-and-see approach ahead of key US labour market data. Current price action reflects a balance between ongoing demand for the US dollar and attempts at a corrective rebound amid an uncertain fundamental backdrop.
Geopolitical tensions remain an additional factor influencing the market, sustaining elevated uncertainty and increasing volatility across commodity assets. Fluctuations in energy prices continue to affect commodity currencies, limiting the development of sustained trends and making market direction increasingly dependent on incoming macroeconomic data.
Traders have also taken note of yesterday’s remarks by Donald Trump, which included signals of potential shifts in foreign economic policy and approaches to international relations. Additional comments regarding a willingness to intensify pressure on Iran in the coming weeks have further raised geopolitical uncertainty. While the immediate market reaction has been relatively muted, such rhetoric increases the likelihood of renewed demand for the US dollar as a safe-haven asset, particularly if accompanied by strong US macroeconomic data.
Investor focus now turns to the upcoming US employment report. Key releases include Non-Farm Payrolls, the unemployment rate, and wage growth figures, all of which traditionally have a significant impact on currency markets. Strong data could revive bullish momentum in the dollar, while weaker figures may reinforce corrective sentiment and put additional pressure on the US currency.
AUD/USD
After declining over the past three weeks, AUD/USD has found support just above the 0.6800 level. A “bullish engulfing” pattern has formed on the daily timeframe, allowing buyers to push the pair towards 0.6960. However, the rally lost momentum following comments from the US President, although prices have managed to hold above 0.6900. Technical analysis suggests a potential test of resistance in the 0.6960–0.6980 range. A break below 0.6900 could lead to a retest of 0.6830.
Key events that may influence AUD/USD in the coming sessions:
▪️today at 15:30 (GMT+3): US average hourly earnings
▪️today at 15:30 (GMT+3): US Non-Farm Payrolls
▪️today at 16:45 (GMT+3): US services PMI
Consolidation Ahead of NFP: Commodity Currencies Search for Direction
Commodity-linked currencies have entered a consolidation phase following recent directional moves, as market participants adopt a wait-and-see approach ahead of key US labour market data. Current price action reflects a balance between ongoing demand for the US dollar and attempts at a corrective rebound amid an uncertain fundamental backdrop.
Geopolitical tensions remain an additional factor influencing the market, sustaining elevated uncertainty and increasing volatility across commodity assets. Fluctuations in energy prices continue to affect commodity currencies, limiting the development of sustained trends and making market direction increasingly dependent on incoming macroeconomic data.
Traders have also taken note of yesterday’s remarks by Donald Trump, which included signals of potential shifts in foreign economic policy and approaches to international relations. Additional comments regarding a willingness to intensify pressure on Iran in the coming weeks have further raised geopolitical uncertainty. While the immediate market reaction has been relatively muted, such rhetoric increases the likelihood of renewed demand for the US dollar as a safe-haven asset, particularly if accompanied by strong US macroeconomic data.
Investor focus now turns to the upcoming US employment report. Key releases include Non-Farm Payrolls, the unemployment rate, and wage growth figures, all of which traditionally have a significant impact on currency markets. Strong data could revive bullish momentum in the dollar, while weaker figures may reinforce corrective sentiment and put additional pressure on the US currency.
AUD/USD
After declining over the past three weeks, AUD/USD has found support just above the 0.6800 level. A “bullish engulfing” pattern has formed on the daily timeframe, allowing buyers to push the pair towards 0.6960. However, the rally lost momentum following comments from the US President, although prices have managed to hold above 0.6900. Technical analysis suggests a potential test of resistance in the 0.6960–0.6980 range. A break below 0.6900 could lead to a retest of 0.6830.
Key events that may influence AUD/USD in the coming sessions:
▪️today at 15:30 (GMT+3): US average hourly earnings
▪️today at 15:30 (GMT+3): US Non-Farm Payrolls
▪️today at 16:45 (GMT+3): US services PMI
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