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Daily Market News with FXOpen - 13 April 2026
🔸 European stocks set to start the week lower as Iran peace hopes fade;
🔸 Oil rallies as US blockade of Iran brings ‘dangerous’ escalation;
🔸 Safe-haven dollar gains as peace talks falter, US to blockade Hormuz.
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 #OilPrices #ForexTrading #IranCrisis #EnergyCrisis #MarketNews
🔸 European stocks set to start the week lower as Iran peace hopes fade;
🔸 Oil rallies as US blockade of Iran brings ‘dangerous’ escalation;
🔸 Safe-haven dollar gains as peace talks falter, US to blockade Hormuz.
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 #OilPrices #ForexTrading #IranCrisis #EnergyCrisis #MarketNews
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#EURUSD #GBPUSD #forextrading #tradingtips #marketanalysis #MarketNews
European Currencies Advance Amid Shifting Geopolitical Outlook
The initial rise in EUR/USD and GBP/USD was driven by reports of a temporary ceasefire between the United States and Iran, which reduced demand for the US dollar as a safe-haven asset. However, over the weekend, reports emerged that negotiations had stalled, leading to a bearish gap at the start of the new trading week. Subsequently, rumours of a possible resumption of dialogue once again shifted market sentiment, restoring interest in risk-sensitive assets.
This supported a swift recovery in the euro and the pound, while also increasing pressure on the US dollar. Additional downside pressure on the dollar comes from declining Treasury yields and a reassessment of expectations regarding the Federal Reserve’s monetary policy, which continues to limit the upside potential of the US currency.
Market attention today will focus on upcoming macroeconomic releases from the euro area and the United States, including producer inflation (PPI), business activity data, and speeches from Federal Reserve officials. These factors may adjust current interest rate expectations and influence the dollar’s short-term trajectory.
EUR/USD
The pair continues to move higher following a breakout from last week’s consolidation range. The week opened with a price gap, but after a retest of support at 1.1660, the pair quickly recovered above 1.1700. Technical analysis suggests the potential for further gains towards the 1.1800–1.1830 area. However, any negative developments in US–Iran negotiations could trigger a sharp pullback towards 1.1700–1.1660.
Key events for EUR/USD:
🔸today at 10:00 (GMT+3): Spain HICP
🔸today at 15:30 (GMT+3): US Producer Price Index (PPI)
🔸today at 20:00 (GMT+3): speech by Bundesbank representative Balz
European Currencies Advance Amid Shifting Geopolitical Outlook
The initial rise in EUR/USD and GBP/USD was driven by reports of a temporary ceasefire between the United States and Iran, which reduced demand for the US dollar as a safe-haven asset. However, over the weekend, reports emerged that negotiations had stalled, leading to a bearish gap at the start of the new trading week. Subsequently, rumours of a possible resumption of dialogue once again shifted market sentiment, restoring interest in risk-sensitive assets.
This supported a swift recovery in the euro and the pound, while also increasing pressure on the US dollar. Additional downside pressure on the dollar comes from declining Treasury yields and a reassessment of expectations regarding the Federal Reserve’s monetary policy, which continues to limit the upside potential of the US currency.
Market attention today will focus on upcoming macroeconomic releases from the euro area and the United States, including producer inflation (PPI), business activity data, and speeches from Federal Reserve officials. These factors may adjust current interest rate expectations and influence the dollar’s short-term trajectory.
EUR/USD
The pair continues to move higher following a breakout from last week’s consolidation range. The week opened with a price gap, but after a retest of support at 1.1660, the pair quickly recovered above 1.1700. Technical analysis suggests the potential for further gains towards the 1.1800–1.1830 area. However, any negative developments in US–Iran negotiations could trigger a sharp pullback towards 1.1700–1.1660.
Key events for EUR/USD:
🔸today at 10:00 (GMT+3): Spain HICP
🔸today at 15:30 (GMT+3): US Producer Price Index (PPI)
🔸today at 20:00 (GMT+3): speech by Bundesbank representative Balz
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#GBPUSD #forextrading #marketanalysis
GBP/USD
The pair is showing a similar pattern, largely mirroring the euro’s dynamics. Following the overnight gap, the price managed to break above last week’s highs and test key resistance at 1.3500. Technical analysis points to a possible move towards 1.3570–1.3600. In case of a pullback, a retest of recent levels near 1.3450–1.3470 is possible.
Key events for GBP/USD:
🔸today at 11:50 (GMT+3): speech by Bank of England MPC member Mann
🔸today at 19:00 (GMT+3): speech by Bank of England Governor Bailey
🔸today at 19:45 (GMT+3): speech by Federal Reserve Vice Chair for Supervision Michael S. Barr
Overall, European currencies maintain an upward bias amid an unstable geopolitical environment and declining US yields. However, the current rally remains highly sensitive to developments in the negotiation process, increasing the likelihood of short-term volatility. The next directional move in EUR/USD and GBP/USD will depend on both geopolitical signals and incoming macroeconomic data.
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
The pair is showing a similar pattern, largely mirroring the euro’s dynamics. Following the overnight gap, the price managed to break above last week’s highs and test key resistance at 1.3500. Technical analysis points to a possible move towards 1.3570–1.3600. In case of a pullback, a retest of recent levels near 1.3450–1.3470 is possible.
Key events for GBP/USD:
🔸today at 11:50 (GMT+3): speech by Bank of England MPC member Mann
🔸today at 19:00 (GMT+3): speech by Bank of England Governor Bailey
🔸today at 19:45 (GMT+3): speech by Federal Reserve Vice Chair for Supervision Michael S. Barr
Overall, European currencies maintain an upward bias amid an unstable geopolitical environment and declining US yields. However, the current rally remains highly sensitive to developments in the negotiation process, increasing the likelihood of short-term volatility. The next directional move in EUR/USD and GBP/USD will depend on both geopolitical signals and incoming macroeconomic data.
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 - 14 April 2026
🔸 Dow, S&P 500, Nasdaq futures hold steady as US-Iran deal discussed;
🔸 Oil declines as US, Iran weigh more talks with blockade in place;
🔸 Dollar steady as US blocks Iranian ships, talks continue.
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 #SP500 #Nasdaq #DowJones #OilPrices #ForexMarket #USIran #TradingNews #MarketUpdate
🔸 Dow, S&P 500, Nasdaq futures hold steady as US-Iran deal discussed;
🔸 Oil declines as US, Iran weigh more talks with blockade in place;
🔸 Dollar steady as US blocks Iranian ships, talks continue.
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 #SP500 #Nasdaq #DowJones #OilPrices #ForexMarket #USIran #TradingNews #MarketUpdate
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Daily Market News with FXOpen - 15 April 2026
🔸 European markets eye mixed open as traders assess Iran war latest;
🔸 Oil swings as traders decode talk signals with Hormuz closed;
🔸 Gold slips on increased risk appetite; US-Iran talks in focus.
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.
#EuropeanMarkets #StockMarketNews #OilPrices #GoldMarket #USIran #TradingNews #GlobalMarkets #Commodities
🔸 European markets eye mixed open as traders assess Iran war latest;
🔸 Oil swings as traders decode talk signals with Hormuz closed;
🔸 Gold slips on increased risk appetite; US-Iran talks in focus.
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.
#EuropeanMarkets #StockMarketNews #OilPrices #GoldMarket #USIran #TradingNews #GlobalMarkets #Commodities
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#USDJPY #usdcad #forextrading #tradingtips #marketanalysis #MarketNews
USD/JPY and USD/CAD Under Pressure: Dollar Tests Key Levels
The US dollar remains under pressure, testing key support levels amid expectations of easing geopolitical tensions. The market continues to price in the possibility of renewed negotiations between the US and Iran, reducing demand for the dollar as a safe-haven asset and supporting riskier instruments. Against this backdrop, currency pairs are showing heightened sensitivity to news flow and expectations regarding further developments.
An additional source of pressure on the dollar is the decline in US Treasury yields, which is driving a reassessment of Federal Reserve policy expectations. Market participants are weighing the likelihood of policy easing, while upcoming US macroeconomic data — including business activity indicators, import prices, and housing statistics — could adjust current expectations and set the direction for further moves.
USD/JPY
USD/JPY is moving lower, pressured by a weaker dollar and falling US yields. Despite the yen’s safe-haven status, current price action is largely driven by dollar dynamics and rate expectations. The move towards support reflects a market balance where pressure on the dollar outweighs demand for defensive assets.
A break of key levels could extend the decline, although stabilisation in yields may trigger a corrective rebound. Technical analysis suggests a potential retest of 158.60. A sustained move above 159.40 would be needed to signal a return of buying interest in the dollar.
Key events for USD/JPY:
🔸today at 15:30 (GMT+3): NY Empire State Manufacturing Index (US);
🔸today at 15:30 (GMT+3): speech by Federal Reserve Vice Chair for Supervision Michael S. Barr;
🔸today at 20:45 (GMT+3): speech by FOMC member Michelle Bowman.
USD/JPY and USD/CAD Under Pressure: Dollar Tests Key Levels
The US dollar remains under pressure, testing key support levels amid expectations of easing geopolitical tensions. The market continues to price in the possibility of renewed negotiations between the US and Iran, reducing demand for the dollar as a safe-haven asset and supporting riskier instruments. Against this backdrop, currency pairs are showing heightened sensitivity to news flow and expectations regarding further developments.
An additional source of pressure on the dollar is the decline in US Treasury yields, which is driving a reassessment of Federal Reserve policy expectations. Market participants are weighing the likelihood of policy easing, while upcoming US macroeconomic data — including business activity indicators, import prices, and housing statistics — could adjust current expectations and set the direction for further moves.
USD/JPY
USD/JPY is moving lower, pressured by a weaker dollar and falling US yields. Despite the yen’s safe-haven status, current price action is largely driven by dollar dynamics and rate expectations. The move towards support reflects a market balance where pressure on the dollar outweighs demand for defensive assets.
A break of key levels could extend the decline, although stabilisation in yields may trigger a corrective rebound. Technical analysis suggests a potential retest of 158.60. A sustained move above 159.40 would be needed to signal a return of buying interest in the dollar.
Key events for USD/JPY:
🔸today at 15:30 (GMT+3): NY Empire State Manufacturing Index (US);
🔸today at 15:30 (GMT+3): speech by Federal Reserve Vice Chair for Supervision Michael S. Barr;
🔸today at 20:45 (GMT+3): speech by FOMC member Michelle Bowman.
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#usdcad #forextrading #trading #marketanalysis #MarketNews
USD/CAD
USD/CAD is showing a more pronounced decline. Sellers have broken below the key 1.3800 support level, pushing the pair down towards 1.3730. A sustained move below current levels could open the way for further downside towards 1.3670–1.3700.
At the same time, profit-taking and anticipation of incoming data may lead to temporary consolidation within the 1.3730–1.3800 range. The pair remains highly sensitive to oil price fluctuations and shifting rate expectations.
Key events for USD/CAD:
🔸today at 15:30 (GMT+3): Canadian wholesale sales;
🔸today at 17:30 (GMT+3): US crude oil inventories;
🔸today at 21:00 (GMT+3): Federal Reserve Beige Book.
Current dynamics in USD/JPY and USD/CAD reflect a mix of geopolitical expectations, declining yields, and ongoing pressure on the dollar. Testing key support levels increases the likelihood of both continued downside in case of a break and a corrective rebound if stronger US macroeconomic data emerges.
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 showing a more pronounced decline. Sellers have broken below the key 1.3800 support level, pushing the pair down towards 1.3730. A sustained move below current levels could open the way for further downside towards 1.3670–1.3700.
At the same time, profit-taking and anticipation of incoming data may lead to temporary consolidation within the 1.3730–1.3800 range. The pair remains highly sensitive to oil price fluctuations and shifting rate expectations.
Key events for USD/CAD:
🔸today at 15:30 (GMT+3): Canadian wholesale sales;
🔸today at 17:30 (GMT+3): US crude oil inventories;
🔸today at 21:00 (GMT+3): Federal Reserve Beige Book.
Current dynamics in USD/JPY and USD/CAD reflect a mix of geopolitical expectations, declining yields, and ongoing pressure on the dollar. Testing key support levels increases the likelihood of both continued downside in case of a break and a corrective rebound if stronger US macroeconomic data emerges.
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 #tradingtips #marketanalysis #MarketUpdates
Market Analysis: EUR/USD Breakout Builds, USD/CHF Slides Lower Again
EUR/USD started a fresh surge above 1.1740 and 1.1780. USD/CHF declined further and is now struggling below 0.7850.
Important Takeaways for EUR/USD and USD/CHF Analysis Today
· The Euro started a major increase from 1.1665 against the US Dollar.
· There is a contracting triangle forming with support near 1.1775 on the hourly chart of EUR/USD at FXOpen.
· USD/CHF declined below the 0.7840 and 0.7825 support levels.
· There is a key bearish trend line forming with resistance near 0.7840 on the hourly chart at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen, the pair started a fresh increase from the 1.1665 zone. The Euro cleared the 1.1700 barrier to move into a bullish zone against the US Dollar.
The bulls pushed the pair above the 50-hour simple moving average and 1.1750. Finally, the pair cleared 1.1765 and 1.1780. A high was formed near 1.1811 and the pair is now consolidating gains. There was a minor pullback toward the 23.6% Fib retracement level of the upward wave from the 1.1664 swing low to the 1.1811 high.
An Immediate bid zone on the downside is near a contracting triangle at 1.1775. The next area of interest could be near 1.1755 and the 50-hour simple moving average.
A downside break below 1.1755 might send the pair toward 1.1740. Any more losses might send the pair into a bearish zone toward 1.1700.
If there is a fresh increase, an immediate hurdle on the EUR/USD chart is 1.1800. The first major pivot level for the bulls could be 1.1810. An upside break above 1.1810 might send the pair to 1.1850. The next selling zone could be 1.1880. Any more gains might open the doors for a move toward 1.2000.
Market Analysis: EUR/USD Breakout Builds, USD/CHF Slides Lower Again
EUR/USD started a fresh surge above 1.1740 and 1.1780. USD/CHF declined further and is now struggling below 0.7850.
Important Takeaways for EUR/USD and USD/CHF Analysis Today
· The Euro started a major increase from 1.1665 against the US Dollar.
· There is a contracting triangle forming with support near 1.1775 on the hourly chart of EUR/USD at FXOpen.
· USD/CHF declined below the 0.7840 and 0.7825 support levels.
· There is a key bearish trend line forming with resistance near 0.7840 on the hourly chart at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen, the pair started a fresh increase from the 1.1665 zone. The Euro cleared the 1.1700 barrier to move into a bullish zone against the US Dollar.
The bulls pushed the pair above the 50-hour simple moving average and 1.1750. Finally, the pair cleared 1.1765 and 1.1780. A high was formed near 1.1811 and the pair is now consolidating gains. There was a minor pullback toward the 23.6% Fib retracement level of the upward wave from the 1.1664 swing low to the 1.1811 high.
An Immediate bid zone on the downside is near a contracting triangle at 1.1775. The next area of interest could be near 1.1755 and the 50-hour simple moving average.
A downside break below 1.1755 might send the pair toward 1.1740. Any more losses might send the pair into a bearish zone toward 1.1700.
If there is a fresh increase, an immediate hurdle on the EUR/USD chart is 1.1800. The first major pivot level for the bulls could be 1.1810. An upside break above 1.1810 might send the pair to 1.1850. The next selling zone could be 1.1880. Any more gains might open the doors for a move toward 1.2000.
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#usdchf #forex #forextrading #marketanalysis #MarketNews
USD/CHF Technical Analysis
On the hourly chart of USD/CHF at FXOpen, the pair started a fresh decline from well above 0.7880. The US Dollar dropped below 0.7850 to move into a negative zone against the Swiss Franc.
The bears pushed the pair below the 50-hour simple moving average and 0.7825. Finally, the bulls appeared near 0.7790. A low was formed near 0.7789, and the pair is now consolidating losses. There was a minor recovery toward the 23.6% Fib retracement level of the downward move from the 0.7934 swing high to the 0.7789 low.
On the upside, the pair could face bears near 0.7825. The first major resistance sits near the 50-hour simple moving average at 0.7840 and a key bearish trend line.
The main barrier for an upside break could be near the 50% Fib retracement at 0.7860. A daily close above 0.7860 could start a fresh increase. In the stated case, the pair could rise toward 0.7880. The next stop for the bulls might be 0.7935.
On the downside, immediate support on the USD/CHF chart is 0.7800. The first major breakdown zone could be 0.7790. A close below 0.7790 might send the pair to 0.7740. Any more losses may possibly open the doors for a move toward 0.7700 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/CHF Technical Analysis
On the hourly chart of USD/CHF at FXOpen, the pair started a fresh decline from well above 0.7880. The US Dollar dropped below 0.7850 to move into a negative zone against the Swiss Franc.
The bears pushed the pair below the 50-hour simple moving average and 0.7825. Finally, the bulls appeared near 0.7790. A low was formed near 0.7789, and the pair is now consolidating losses. There was a minor recovery toward the 23.6% Fib retracement level of the downward move from the 0.7934 swing high to the 0.7789 low.
On the upside, the pair could face bears near 0.7825. The first major resistance sits near the 50-hour simple moving average at 0.7840 and a key bearish trend line.
The main barrier for an upside break could be near the 50% Fib retracement at 0.7860. A daily close above 0.7860 could start a fresh increase. In the stated case, the pair could rise toward 0.7880. The next stop for the bulls might be 0.7935.
On the downside, immediate support on the USD/CHF chart is 0.7800. The first major breakdown zone could be 0.7790. A close below 0.7790 might send the pair to 0.7740. Any more losses may possibly open the doors for a move toward 0.7700 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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#EURUSD #GBPUSD #forextrading #trading #marketanalysis #MarketNews
EUR/USD and GBP/USD Continue to Strengthen Ahead of Data Releases
European currencies are maintaining an upward trajectory, having reached previously outlined levels amid sustained demand for the euro and the pound. The current advance is developing against a backdrop of gradually shifting market expectations and ongoing pressure on the US dollar. However, as prices approach key levels, traders are increasingly factoring in the risk of slowing momentum and a transition to more subdued price action.
Support for European currencies is largely driven by expectations surrounding upcoming macroeconomic releases from the UK and the eurozone, which remain in sharp focus for investors. Forthcoming data on economic activity and business conditions could influence expectations regarding central bank policy and, in turn, demand for the euro and sterling. At the same time, the market remains cautious ahead of key US data, which could rebalance expectations for Federal Reserve policy and alter the current market dynamics.
EUR/USD
The EUR/USD pair is trading near the 1.1800–1.1830 range, confirming the persistence of bullish momentum following the breakout. Technical analysis suggests the potential for further gains towards 1.1900–1.1940, provided that 1.1800 holds as support. At the same time, a downside correction towards 1.1740–1.1760 cannot be ruled out in the event of weaker eurozone data or stronger-than-expected US figures.
Key events for EUR/USD:
▪️today at 13:45 (GMT+3): speech by Bundesbank representative Mauderer;
▪️today at 15:30 (GMT+3): Philadelphia Fed Manufacturing Index (US);
▪️today at 19:45 (GMT+3): speech by Bundesbank President Nagel.
EUR/USD and GBP/USD Continue to Strengthen Ahead of Data Releases
European currencies are maintaining an upward trajectory, having reached previously outlined levels amid sustained demand for the euro and the pound. The current advance is developing against a backdrop of gradually shifting market expectations and ongoing pressure on the US dollar. However, as prices approach key levels, traders are increasingly factoring in the risk of slowing momentum and a transition to more subdued price action.
Support for European currencies is largely driven by expectations surrounding upcoming macroeconomic releases from the UK and the eurozone, which remain in sharp focus for investors. Forthcoming data on economic activity and business conditions could influence expectations regarding central bank policy and, in turn, demand for the euro and sterling. At the same time, the market remains cautious ahead of key US data, which could rebalance expectations for Federal Reserve policy and alter the current market dynamics.
EUR/USD
The EUR/USD pair is trading near the 1.1800–1.1830 range, confirming the persistence of bullish momentum following the breakout. Technical analysis suggests the potential for further gains towards 1.1900–1.1940, provided that 1.1800 holds as support. At the same time, a downside correction towards 1.1740–1.1760 cannot be ruled out in the event of weaker eurozone data or stronger-than-expected US figures.
Key events for EUR/USD:
▪️today at 13:45 (GMT+3): speech by Bundesbank representative Mauderer;
▪️today at 15:30 (GMT+3): Philadelphia Fed Manufacturing Index (US);
▪️today at 19:45 (GMT+3): speech by Bundesbank President Nagel.
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#GBPUSD #forextrading #marketanalysis
GBP/USD
GBP/USD is showing a similar pattern, holding near recent highs and continuing within an upward trend. However, a “harami” reversal pattern formed on the daily chart yesterday, and confirmation of this signal could lead to a pullback towards 1.3480–1.3500. If the pair breaks above 1.3590, the uptrend may extend towards 1.3670–1.3700.
Key events for GBP/USD:
▪️today at 09:00 (GMT+3): UK Gross Domestic Product (GDP);
▪️today at 10:55 (GMT+3): UK manufacturing output;
▪️today at 18:40 (GMT+3): speech by Bank of England Deputy Governor Woods.
European currencies remain in an upward phase, having reached key reference levels, which increases uncertainty over the next directional move. Upcoming macroeconomic releases represent the main risk factor: depending on their outcome, the market may either extend the current uptrend or shift towards consolidation.
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 a similar pattern, holding near recent highs and continuing within an upward trend. However, a “harami” reversal pattern formed on the daily chart yesterday, and confirmation of this signal could lead to a pullback towards 1.3480–1.3500. If the pair breaks above 1.3590, the uptrend may extend towards 1.3670–1.3700.
Key events for GBP/USD:
▪️today at 09:00 (GMT+3): UK Gross Domestic Product (GDP);
▪️today at 10:55 (GMT+3): UK manufacturing output;
▪️today at 18:40 (GMT+3): speech by Bank of England Deputy Governor Woods.
European currencies remain in an upward phase, having reached key reference levels, which increases uncertainty over the next directional move. Upcoming macroeconomic releases represent the main risk factor: depending on their outcome, the market may either extend the current uptrend or shift towards consolidation.
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 - 16 April 2026
🔸 Dow, S&P 500, Nasdaq futures rise after record closes, Q1 earnings roll in;
🔸 Dollar hovers near six-week lows as investors bet on Iran peace deal;
🔸 Gold gains on softer dollar as US-Iran peace deal hopes 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.
#StockMarket #SP500 #Nasdaq #DowJones #Forex #USDCurrency #GoldPrices #TradingNews #MarketUpdate
🔸 Dow, S&P 500, Nasdaq futures rise after record closes, Q1 earnings roll in;
🔸 Dollar hovers near six-week lows as investors bet on Iran peace deal;
🔸 Gold gains on softer dollar as US-Iran peace deal hopes 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.
#StockMarket #SP500 #Nasdaq #DowJones #Forex #USDCurrency #GoldPrices #TradingNews #MarketUpdate
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#AUDUSD #AUDCAD #forextrading #tradingtips #marketanalysis #MarketNews
Australian Dollar Pulls Back from Highs on Weaker Data
The Australian dollar is undergoing a corrective decline after reaching recent highs, with the current move driven by market reaction to newly released macroeconomic data. Earlier gains in AUD were supported by improving global risk sentiment and steady demand for commodity-linked currencies. However, weaker labour market figures have prompted a reassessment of expectations and triggered profit-taking.
Employment data published yesterday pointed to a slowdown in growth, raising concerns about the durability of the economic recovery. Although full-time employment increased, overall job growth came in below forecasts, while the unemployment rate showed little change. Together, these factors weighed on the Australian dollar and led to a reassessment of its short-term outlook following the prior rally.
Toward the end of the week, market participants will focus on upcoming macroeconomic releases, including data on economic activity, central bank commentary, and commodity market statistics. These factors may reshape expectations and influence the direction of commodity currencies.
AUD/USD
After reaching a yearly high near 0.7180, AUD/USD has pulled back, forming a “Bearish Harami” reversal pattern. A bearish close in the current session could increase the likelihood of a deeper correction towards 0.7100–0.7120.
At the same time, a renewed break above the recent high would signal continued bullish momentum and a return of buyers to the market.
Key events for AUD/USD:
▪️today at 13:00 (GMT+3): International Monetary Fund meetings;
▪️today at 18:30 (GMT+3): speech by FOMC member Mary Daly;
▪️today at 22:30 (GMT+3): CFTC net speculative positions on AUD.
Australian Dollar Pulls Back from Highs on Weaker Data
The Australian dollar is undergoing a corrective decline after reaching recent highs, with the current move driven by market reaction to newly released macroeconomic data. Earlier gains in AUD were supported by improving global risk sentiment and steady demand for commodity-linked currencies. However, weaker labour market figures have prompted a reassessment of expectations and triggered profit-taking.
Employment data published yesterday pointed to a slowdown in growth, raising concerns about the durability of the economic recovery. Although full-time employment increased, overall job growth came in below forecasts, while the unemployment rate showed little change. Together, these factors weighed on the Australian dollar and led to a reassessment of its short-term outlook following the prior rally.
Toward the end of the week, market participants will focus on upcoming macroeconomic releases, including data on economic activity, central bank commentary, and commodity market statistics. These factors may reshape expectations and influence the direction of commodity currencies.
AUD/USD
After reaching a yearly high near 0.7180, AUD/USD has pulled back, forming a “Bearish Harami” reversal pattern. A bearish close in the current session could increase the likelihood of a deeper correction towards 0.7100–0.7120.
At the same time, a renewed break above the recent high would signal continued bullish momentum and a return of buyers to the market.
Key events for AUD/USD:
▪️today at 13:00 (GMT+3): International Monetary Fund meetings;
▪️today at 18:30 (GMT+3): speech by FOMC member Mary Daly;
▪️today at 22:30 (GMT+3): CFTC net speculative positions on AUD.
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#AUDCAD #forextrading #marketanalysis
AUD/CAD
AUD/CAD is also moving lower, reflecting both weakness in the Australian dollar and relative resilience of the Canadian currency. Commodity market dynamics remain an additional driver, with energy prices and global demand expectations continuing to play a key role.
Technical analysis suggests the potential for a correction towards 0.9730–0.9760, as a “Dark Cloud Cover” reversal pattern has formed on the daily timeframe. A retest of recent highs will help assess the strength of demand and the likelihood of a renewed uptrend.
Key events for AUD/CAD:
▪️today at 15:30 (GMT+3): Canadian housing starts;
▪️today at 15:30 (GMT+3): foreign investment in Canadian securities;
▪️today at 20:00 (GMT+3): Baker Hughes rig count.
The current pullback in the Australian dollar follows weaker labour market data after a period of steady gains. If downward pressure persists, the correction may deepen. However, stabilisation in the external environment and supportive incoming data could allow the broader upward trend to resume.
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.
AUD/CAD
AUD/CAD is also moving lower, reflecting both weakness in the Australian dollar and relative resilience of the Canadian currency. Commodity market dynamics remain an additional driver, with energy prices and global demand expectations continuing to play a key role.
Technical analysis suggests the potential for a correction towards 0.9730–0.9760, as a “Dark Cloud Cover” reversal pattern has formed on the daily timeframe. A retest of recent highs will help assess the strength of demand and the likelihood of a renewed uptrend.
Key events for AUD/CAD:
▪️today at 15:30 (GMT+3): Canadian housing starts;
▪️today at 15:30 (GMT+3): foreign investment in Canadian securities;
▪️today at 20:00 (GMT+3): Baker Hughes rig count.
The current pullback in the Australian dollar follows weaker labour market data after a period of steady gains. If downward pressure persists, the correction may deepen. However, stabilisation in the external environment and supportive incoming data could allow the broader upward trend to resume.
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 - 17 April 2026
🔸 S&P 500, Nasdaq, Dow futures climb as Israel-Lebanon agree to 10-day ceasefire;
🔸 Oil drops as war nears 50-day mark and Trump strikes upbeat tone;
🔸 Asian stocks lower and oil falls after Wall Street sets another record on ceasefire hopes.
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 #SP500 #Nasdaq #DowJones #OilPrices #Investing #Geopolitics #MarketNews
🔸 S&P 500, Nasdaq, Dow futures climb as Israel-Lebanon agree to 10-day ceasefire;
🔸 Oil drops as war nears 50-day mark and Trump strikes upbeat tone;
🔸 Asian stocks lower and oil falls after Wall Street sets another record on ceasefire hopes.
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 #SP500 #Nasdaq #DowJones #OilPrices #Investing #Geopolitics #MarketNews
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#marketnews #financialmarkets #globalmarkets #usirantensions #crudeoil #oilmarket #trading #BrentCrude #WTI #Commodities #MarketAnalysis
Oil Markets: Why Could the Risk Premium Fade
Oil markets have recently reacted to geopolitical developments — but the more important signal may lie in how price action is evolving afterwards.
In this video, we look at why the risk premium in oil could begin to fade, despite ongoing tensions. The focus is not only on supply-side headlines, but on positioning, market adaptation, and shifting expectations around potential de-escalation.
When significant news fails to push prices higher, it may indicate that risks are already priced in — or that market participants are reassessing their impact.
This shifts the framework from reacting to headlines towards analysing market behaviour and follow-through.
https://cutt.ly/HtHsquQo
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.
Oil Markets: Why Could the Risk Premium Fade
Oil markets have recently reacted to geopolitical developments — but the more important signal may lie in how price action is evolving afterwards.
In this video, we look at why the risk premium in oil could begin to fade, despite ongoing tensions. The focus is not only on supply-side headlines, but on positioning, market adaptation, and shifting expectations around potential de-escalation.
When significant news fails to push prices higher, it may indicate that risks are already priced in — or that market participants are reassessing their impact.
This shifts the framework from reacting to headlines towards analysing market behaviour and follow-through.
https://cutt.ly/HtHsquQo
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
Oil Markets: Why Could the Risk Premium Fade
Oil markets have recently reacted to geopolitical developments — but the more important signal may lie in how price action is evolving afterwards.In this vid...
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#XAUUSD #goldprice #oilprices #commodities #marketanalysis #MarketNews
Market Analysis: Gold Slips While WTI Crude Oil Eyes Fresh Upside
Gold price extended losses below $4,800 before the bulls appeared. WTI Crude oil prices are rising and could climb further higher toward $92.00.
Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today
▪️Gold price failed to clear $4,900 and declined steadily against the US Dollar.
▪️There is a key bearish trend line forming with resistance at $4,815 on the hourly chart of gold at FXOpen.
▪️WTI Crude oil prices are moving higher above the $85.00 pivot zone.
▪️There is a connecting bearish trend line forming with resistance at $89.10 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 $4,900 and reacted to the downside, as discussed in the previous analysis. The price traded below $4,850 and $4,800 to enter a short-term bearish zone.
There was a sharp drop below $4,750. The price settled below the 50-hour simple moving average, and RSI dipped below 40. Finally, it tested the $4,700 zone. A low was formed at $4,699, and the price is now correcting some losses.
Immediate hurdle on the upside is $4,815 or the 50% Fib retracement level of the downward move from the $4,889 swing high to the $4,699 low. There is also a key bearish trend line forming with resistance at $4,815.
The first major barrier for the bulls could be $4,830 and the 61.8% Fib retracement. A close above $4,830 could initiate a recovery wave to $4,855. An upside break above $4,855 could send Gold price toward $4,890. Any more gains may perhaps set the pace for an increase toward $5,000.
If there is no fresh increase, the price could continue to move down. Initial support on the downside is near the $4,770 level. The first key area of interest might be $4,700. If there is a downside break below $4,700, the price might decline further. In the stated case, the price might drop to $4,500.
Market Analysis: Gold Slips While WTI Crude Oil Eyes Fresh Upside
Gold price extended losses below $4,800 before the bulls appeared. WTI Crude oil prices are rising and could climb further higher toward $92.00.
Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today
▪️Gold price failed to clear $4,900 and declined steadily against the US Dollar.
▪️There is a key bearish trend line forming with resistance at $4,815 on the hourly chart of gold at FXOpen.
▪️WTI Crude oil prices are moving higher above the $85.00 pivot zone.
▪️There is a connecting bearish trend line forming with resistance at $89.10 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 $4,900 and reacted to the downside, as discussed in the previous analysis. The price traded below $4,850 and $4,800 to enter a short-term bearish zone.
There was a sharp drop below $4,750. The price settled below the 50-hour simple moving average, and RSI dipped below 40. Finally, it tested the $4,700 zone. A low was formed at $4,699, and the price is now correcting some losses.
Immediate hurdle on the upside is $4,815 or the 50% Fib retracement level of the downward move from the $4,889 swing high to the $4,699 low. There is also a key bearish trend line forming with resistance at $4,815.
The first major barrier for the bulls could be $4,830 and the 61.8% Fib retracement. A close above $4,830 could initiate a recovery wave to $4,855. An upside break above $4,855 could send Gold price toward $4,890. Any more gains may perhaps set the pace for an increase toward $5,000.
If there is no fresh increase, the price could continue to move down. Initial support on the downside is near the $4,770 level. The first key area of interest might be $4,700. If there is a downside break below $4,700, the price might decline further. In the stated case, the price might drop to $4,500.
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#oilprices #WTI #crudeoil #commodities #marketanalysis #MarketNews
WTI Crude Oil Price Technical Analysis
On the hourly chart of WTI Crude Oil at FXOpen, the price started a fresh increase from $79.00 against the US Dollar. The price gained bullish momentum after it broke $84.00.
There was a sustained upward movement above $84.50 and $85.00. The bulls pushed the price above the 50-hour simple moving average, and the RSI climbed toward 60. A high was formed near $89.08 before there was a minor pullback. The price declined below the 23.6% Fib retracement level of the upward move from the $78.96 swing low to the $89.08 high.
However, the bulls are active above $85.00. Immediate resistance is near a connecting bearish trend line at $89.10. If the price climbs further, it could face hurdles near $90.25.
The next major stop for the bulls might be $91.90. Any more gain might send the price toward $95.00. Conversely, the price might correct gains and test the 50% Fib retracement at $84.00. The next area of interest on the WTI crude oil chart could be $81.35.
If there is a downside break, the price might decline to $80.00. Any more losses may perhaps open the doors for a move toward $75.00.
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.
WTI Crude Oil Price Technical Analysis
On the hourly chart of WTI Crude Oil at FXOpen, the price started a fresh increase from $79.00 against the US Dollar. The price gained bullish momentum after it broke $84.00.
There was a sustained upward movement above $84.50 and $85.00. The bulls pushed the price above the 50-hour simple moving average, and the RSI climbed toward 60. A high was formed near $89.08 before there was a minor pullback. The price declined below the 23.6% Fib retracement level of the upward move from the $78.96 swing low to the $89.08 high.
However, the bulls are active above $85.00. Immediate resistance is near a connecting bearish trend line at $89.10. If the price climbs further, it could face hurdles near $90.25.
The next major stop for the bulls might be $91.90. Any more gain might send the price toward $95.00. Conversely, the price might correct gains and test the 50% Fib retracement at $84.00. The next area of interest on the WTI crude oil chart could be $81.35.
If there is a downside break, the price might decline to $80.00. Any more losses may perhaps open the doors for a move toward $75.00.
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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#EURUSD #GBPUSD #marketanalysis #forextrading #MarketNews
European Currencies Decline Amid Rising Geopolitical Risks
European currencies are moving into a corrective decline after recent attempts to hold above key levels, with the current move driven by escalating geopolitical tensions and stronger demand for safe-haven assets. The partial closure of the Strait of Hormuz and renewed escalation in the Middle East are weighing on risk assets, supporting the US dollar through capital flows into more liquid instruments and limiting upside potential for both the euro and the pound. Higher energy prices are adding further pressure by increasing inflation risks for the European economy.
At the same time, markets remain cautious ahead of upcoming macroeconomic releases from the US, as well as data from the euro area and the UK. Anticipation of fresh signals on inflation and economic activity is restraining directional moves and increasing the likelihood of tests of key levels amid a mixed fundamental backdrop.
EUR/USD
As expected, EUR/USD retested the 1.1800–1.1830 resistance zone but failed to establish a foothold above it. Technical analysis points to the potential for a continued downward correction, with reversal signals forming on the daily timeframe. However, a weaker dollar or an improvement in global risk sentiment could trigger a renewed bullish move towards 1.1830–1.1850.
Key events for EUR/USD:
▪️today at 13:00 (GMT+3): Bundesbank monthly report
▪️today at 17:30 (GMT+3): US crude oil inventories
▪️today at 20:00 (GMT+3): speech by Bundesbank President Nagel
European Currencies Decline Amid Rising Geopolitical Risks
European currencies are moving into a corrective decline after recent attempts to hold above key levels, with the current move driven by escalating geopolitical tensions and stronger demand for safe-haven assets. The partial closure of the Strait of Hormuz and renewed escalation in the Middle East are weighing on risk assets, supporting the US dollar through capital flows into more liquid instruments and limiting upside potential for both the euro and the pound. Higher energy prices are adding further pressure by increasing inflation risks for the European economy.
At the same time, markets remain cautious ahead of upcoming macroeconomic releases from the US, as well as data from the euro area and the UK. Anticipation of fresh signals on inflation and economic activity is restraining directional moves and increasing the likelihood of tests of key levels amid a mixed fundamental backdrop.
EUR/USD
As expected, EUR/USD retested the 1.1800–1.1830 resistance zone but failed to establish a foothold above it. Technical analysis points to the potential for a continued downward correction, with reversal signals forming on the daily timeframe. However, a weaker dollar or an improvement in global risk sentiment could trigger a renewed bullish move towards 1.1830–1.1850.
Key events for EUR/USD:
▪️today at 13:00 (GMT+3): Bundesbank monthly report
▪️today at 17:30 (GMT+3): US crude oil inventories
▪️today at 20:00 (GMT+3): speech by Bundesbank President Nagel
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#GBPUSD #forextrading #marketanalysis #MarketNews
GBP/USD
GBP/USD is also declining and approaching important support levels, reflecting broader pressure on European currencies. Technical analysis suggests a potential retest of 1.3470 and, if broken lower, a move towards 1.3380–1.3430. The bearish scenario could be invalidated by a sustained move above 1.3550.
Key events for GBP/USD:
▪️today at 09:00 (GMT+3): UK Consumer Price Index
▪️today at 11:05 (GMT+3): speech by Sarah Breeden (BoE)
▪️today at 11:30 (GMT+3): UK house price index
The currency market remains in a phase of elevated uncertainty, where a combination of geopolitical developments and macroeconomic expectations is driving subdued price action. In the near term, the news flow will remain the key driver, with the potential either to intensify pressure on European currencies or to trigger short-term corrective rebounds.
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 also declining and approaching important support levels, reflecting broader pressure on European currencies. Technical analysis suggests a potential retest of 1.3470 and, if broken lower, a move towards 1.3380–1.3430. The bearish scenario could be invalidated by a sustained move above 1.3550.
Key events for GBP/USD:
▪️today at 09:00 (GMT+3): UK Consumer Price Index
▪️today at 11:05 (GMT+3): speech by Sarah Breeden (BoE)
▪️today at 11:30 (GMT+3): UK house price index
The currency market remains in a phase of elevated uncertainty, where a combination of geopolitical developments and macroeconomic expectations is driving subdued price action. In the near term, the news flow will remain the key driver, with the potential either to intensify pressure on European currencies or to trigger short-term corrective rebounds.
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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