Daily Market Analysis By FXOpen

[FXOpenTeam]

AUD/USD & NZD/USD Aim Steady Increase

AUD/USD started a decent increase above the 0.6450 and 0.6500 levels. NZD/USD is also rising and might aim for more gains above 0.6080.

Important Takeaways for AUD USD and NZD USD Analysis Today

• The Aussie Dollar rebounded after forming a base above the 0.6400 level against the US Dollar.
• There is a connecting bullish trend line forming with support at 0.6510 on the hourly chart of AUD/USD at FXOpen.
• NZD/USD is consolidating gains above the 0.6030 zone.
• There is a key bullish trend line forming with support at 0.6030 on the hourly chart of NZD/USD at FXOpen.

AUD/USD Technical Analysis

On the hourly chart of AUD/USD at FXOpen, the pair started a fresh increase from the 0.6450 support. The Aussie Dollar was able to clear the 0.6500 resistance to move into a positive zone against the US Dollar.

There was a close above the 0.6500 resistance and the 50-hour simple moving average. Finally, the pair tested the 0.6535 zone. A high was formed near 0.6533 and the pair recently started a consolidation phase.

There was a move below the 0.6520 level. The pair dipped below the 23.6% Fib retracement level of the upward move from the 0.6489 swing low to the 0.6533 high.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

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

[FXOpenTeam]

USD/CAD Holds Near 2025 Low

When we last analysed the USD/CAD chart on 4 June, we identified a descending channel that remains relevant.

On 5 June, the pair reached a new low for 2025, and it is possible that bears will attempt to extend this move further over the course of the month.

Why is USD/CAD declining?
The Canadian dollar appears to be strengthening amid speculation that a trade agreement between the US and Canada could be finalised soon — possibly on 15 June, when the G7 summit is due to be held in Canada.

Media reports highlight several indicators supporting this view:
→ Prime Minister Mark Carney stated that Canada will meet its NATO spending target of 2% of GDP.
→ Canada refrained from retaliatory tariffs on steel and aluminium.
→ The US ambassador to Canada confirmed that “secret” negotiations are ongoing.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

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

[FXOpenTeam]

Market Flat Ahead of US Inflation Data

Major currency pairs — particularly GBP/USD and USD/JPY — are showing sideways movement following Friday’s mixed US labour market data. While non-farm payrolls rose to 139,000, above the forecast of 126,000, weaker industrial employment (–8,000) and a steady unemployment rate of 4.2% dampened market response. A 0.4% increase in average hourly earnings also failed to give the dollar a strong push, maintaining uncertainty over the Federal Reserve’s next steps.

Today, investors will focus on the release of US Consumer Price Index (CPI) data for May. Core CPI is forecast to rise by 2.5%. The report may significantly affect the short-term direction of the dollar and trigger increased volatility in major currency pairs.

Technical Analysis of USD/JPY

The USD/JPY pair is holding around 144.90, reflecting a neutral market sentiment ahead of a block of key US macroeconomic data. The lack of fresh catalysts from the Japanese economy is contributing to the pair’s consolidation near current levels.

Technical analysis of USD/JPY suggests potential growth towards the 146.20–145.40 zone, as a Stick Sandwich candlestick formation has appeared on the daily timeframe. A clear drop below 144.00 would invalidate the scenario of a bullish correction.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

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

[FXOpenTeam]

Tesla (TSLA) Shares Rebound After Sharp Drop

When analysing the Tesla (TSLA) stock price chart six days ago, on the morning of 5 June, we:
→ highlighted Elon Musk’s critical comments regarding the spending bill promoted by the US President;
→ noted that a potential rift between Musk and Trump could have long-term implications, including for TSLA shares;
→ outlined an ascending channel (marked in blue);
→ suggested that the price might correct from the upper to the lower boundary of the channel.

This scenario played out rather aggressively: later that same day, during the main trading session, Tesla’s share price dropped sharply to the lower boundary of the channel amid a scandal involving Musk and Trump.

However, the lower boundary of the channel predictably acted as support. Yesterday, TSLA shares were among the top five performers in the S&P 500 index (US SPX 500 mini on FXOpen), gaining around 5.6%.

As a result, TSLA stock price climbed back above the psychologically important $300 mark, recovering from the previous week’s sell-off.

Why Are Tesla (TSLA) Shares Rising?
Bullish drivers include:
→ The upcoming launch of Tesla’s robotaxi service, provisionally scheduled for 22 June. Elon Musk has stated he intends to use the service himself.
→ Easing of tensions with the US President. Donald Trump declared that he has no intention of “getting rid of Tesla or Starlink” should he return to the White House.
→ Continued support from Cathie Wood, the prominent asset manager, who once again reaffirmed her confidence in Tesla’s future success.[/img]

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

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

[FXOpenTeam]

What Are the Benefits of Demo Trading?

Demo trading has become an indispensable tool for traders to test out their skills and gain experience before entering the real market. In this article, we’ll look at the benefits of demo trading, including its ability to help traders develop discipline, improve decision-making skills, and reduce emotional strain.

What Is Demo Trading?

VIEW FULL ANALYSIS VISIT - FXOpen Blog…

Disclaimer: 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.

[FXOpenTeam]

S&P 500 Maintains Uptrend — But for How Long?

As the chart of the S&P 500 (US SPX 500 mini on FXOpen) shows, price movements in June continue to form an upward trend (highlighted in blue).

The bullish momentum is being supported by:
→ News of a potential trade agreement between the United States and China;
→ The latest inflation report. Data released yesterday showed that the Consumer Price Index (CPI) slowed from 0.2% to 0.1% month-on-month.

President Donald Trump described the inflation figures as “excellent” and said that the Federal Reserve should cut interest rates by a full percentage point. In his view, this would stimulate the economy — and serve as another bullish driver.

However, as illustrated by the red arrow, the index pulled back yesterday from its highest level in three and a half months, falling towards the lower boundary of the channel. This decline was triggered by concerning developments in the Middle East. According to media reports, the US is preparing a partial evacuation of its embassy in Iraq, following statements by a senior Iranian official that Tehran may strike US bases in the region if nuclear talks with Washington fail.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

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

[FXOpenTeam]

Intel (INTC) Shares Drop Over 6% in a Day

As shown on the Intel (INTC) chart, after Tuesday’s candle closed above $21, the price dropped sharply on Wednesday. INTC was the worst-performing stock of the day among the components of the S&P 500 index (US SPX 500 mini on FXOpen).

Why Did INTC Shares Fall?
The decline is linked to growing competitive pressure. According to media reports:

→ On one hand, AMD continues to rapidly expand its share of the server CPU market. A report by Mercury shows that the company already controls 40% of the segment and could match Intel as early as next year.
→ On the other hand, Nvidia is preparing to launch two accelerated processing units (APUs) for the consumer market, which will combine CPU and GPU capabilities in a single product.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

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

[FXOpenTeam]

Understanding Volume Oscillator and Its Role in Technical Analysis

Navigating the complex terrain of trading requires a grasp of various technical analysis tools. One such tool is the Volume Oscillator, a potent indicator that offers insight into market trends and their strength. This article provides a comprehensive look at this tool, its interpretation, principles, and limitations.

What Is the Volume Oscillator?

VIEW FULL ANALYSIS VISIT - FXOpen Blog…

Disclaimer: 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.

[FXOpenTeam]

European Currencies Hit Yearly Highs

European currencies, particularly EUR/USD and EUR/JPY, are showing strong gains amid a notable weakening of the US dollar. Pressure on the greenback intensified following the release of a series of disappointing macroeconomic indicators. In May, the core Consumer Price Index (CPI) rose by just 0.1% — well below expectations — while the headline CPI came in at 2.4% versus a forecast of 2.5%.

An additional factor was the slowdown in producer-level inflation (PPI): the monthly figure was 0.1% against the expected 0.3%, and the annual core PPI slowed to 2.7% compared to the projected 3.0%. These figures suggest a decline in inflationary pressure in the US and have fuelled speculation about a potential interest rate cut by the Federal Reserve.

In addition to the data, the dollar also reacted to growing geopolitical risks following trade-related comments by Donald Trump, who announced new tariffs targeting key US trade partners. Investors are concerned that such unilateral measures may lead to a slowdown in international trade and increased fiscal pressure.

EUR/USD

The EUR/USD pair has climbed above the 1.1600 mark, reaching a new high for the year from the previous low of 1.0570. This rally has been driven by a combination of factors: soft US inflation data, reduced expectations for Fed rate hikes, and a broader reassessment of dollar prospects. The euro’s resilience is also being supported by stabilising economic sentiment in the eurozone and a more cautious tone from the European Central Bank (ECB).

Technical analysis of EUR/USD points to a possible pullback towards recent highs in the 1.1500–1.1480 area. However, a continuation of the bullish momentum from current levels cannot be ruled out.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

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

[FXOpenTeam]

Israel Strikes Iran. Oil and Gold Prices Surge

According to media reports, Israel launched a large-scale overnight strike on Iranian territory, targeting dozens of military and strategic facilities linked to the country’s nuclear programme and missile capabilities. Israeli officials justified the action by citing an existential threat from Tehran, which, according to their intelligence, is accelerating its development of nuclear weapons and expanding its arsenal of ballistic missiles.

In response, Iran has vowed severe retaliation, stating that the United States and Israel will “pay a heavy price” for the attack. US President Donald Trump has urgently convened a meeting to assess the situation.

Commodities Market Reaction

In the wake of these developments, gold — the primary safe-haven asset — surged sharply. The XAU/USD price broke above its May high, rising past $3,440. However, the all-time high near $3,498 remains intact for now.

Oil prices also spiked due to fears of supply disruption. The military conflict threatens shipping through the Strait of Hormuz, a crucial chokepoint through which one-fifth of the world’s oil supply passes. Traders quickly priced in the risk of war, anticipating a supply shortage driven by large-scale instability in the Middle East.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

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

[FXOpenTeam]

S&P 500 Breaks Uptrend

Only yesterday we questioned the sustainability of the stock market’s upward trend amid alarming news from the Middle East and the evacuation of the US embassy in Iraq — and today, the S&P 500 chart (US SPX 500 mini on FXOpen) shows a break below the lower boundary of the ascending trend channel.

According to media reports:
→ Steve Witkoff, US President Donald Trump’s special envoy to the Middle East, was expected to meet Iran’s Foreign Minister in Oman on Sunday.
→ Friday the 13th became the date when Israel launched strikes on Iran’s nuclear facilities, dramatically altering the outlook for a potential US-Iran nuclear agreement.
→ Secretary of State Marco Rubio stated that the US was not involved in the operation, while Israel’s state broadcaster reported that Washington had been informed ahead of the strikes.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

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

[FXOpenTeam]

A Comprehensive Guide on the Cup and Handle Pattern Trading

Learning about a cup and handle pattern is important for traders and investors who want to make informed decisions when trading in the financial markets. In technical analysis, the cup and handle is one of the reliable indicators of a continuation of a bullish trend. By understanding it, traders can confirm the trend of an asset and identify potential buying opportunities.

Additionally, by knowing how to trade this setup, traders may minimise their risks and protect their capital. Therefore, in this FXOpen guide, we will look at how it works, how to determine it, and how we can trade with it.

What Is a Cup and Handle Pattern?

The formation was recognised by William J. O’Neil in his 1988 book, “How to Make Money in Stocks.” He added technical requirements and a detailed description of its unique teacup appearance through a series of articles published in the “Investor’s Business Daily” newspaper.

VIEW FULL ANALYSIS VISIT - FXOpen Blog…

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

[FXOpenTeam]

XAU/USD Chart Analysis Following Israel-Iran Strikes

In 2025, the price of gold continues to form a long-term upward trend, highlighted by the black line. The red line previously acted as resistance, resulting in the formation of a contracting triangle on the XAU/USD chart – a typical sign of market equilibrium.

However, this red line was breached (as indicated by the arrow) amid news of the exchange of strikes between Israel and Iran. In response, gold price movements have more clearly outlined the rising blue channel, which began to take shape in the second half of May.

Over the weekend, the strikes continued, and on Monday morning, trading opened with a modest bullish gap. This indicates that geopolitical risk concerns are helping to keep gold prices anchored above the red line.

What could happen to the price of gold next?

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

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

[FXOpenTeam]

Gold and WTI Crude Oil Regain Bullish Momentum

Gold price started a fresh surge above the $3,375 resistance level. WTI Crude oil prices climbed higher above $70.00 and might extend gains.

Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today

• Gold price started a fresh surge and traded above $3,420 against the US Dollar.
• A key bullish trend line is forming with support at $3,415 on the hourly chart of gold at FXOpen.
• WTI Crude oil prices started a decent increase above the $65.00 and $68.50 resistance levels.
• There is a major bullish trend line forming with support at $71.50 on the hourly chart of XTI/USD at FXOpen.

Gold Price Technical Analysis

On the hourly chart of Gold at FXOpen, the price formed a base near the $3,300 zone. The price started a steady increase above the $3,350 and $3,375 resistance levels.

There was a decent move above the 50-hour simple moving average and $3,400. The bulls pushed the price above the $3,420 resistance zone. A high was formed near $3,450 and the price is now consolidating gains.

On the downside, immediate support is near the $3,415 level and the 23.6% Fib retracement level of the upward move from the $3,301 swing low to the $3,451 high.

Besides, there is a key bullish trend line forming with support at $3,415. The next major support sits at $3,375 and the 50% Fib retracement level of the upward move from the $3,301 swing low to the $3,451 high.

A downside break below the $3,375 support might send the price toward the $3,335 support. Any more losses might send the price toward the $3,300 support zone.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

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

[FXOpenTeam]

Oracle (ORCL) shares surge 24% in a week, hitting an all-time high

Last week, Oracle (ORCL) shares:
→ rose by approximately 24% — marking the strongest weekly gain since 2001;
→ broke through the psychological level of $200 per share;
→ reached an all-time high, with Friday’s session closing above $215. It is possible that a new record may be set this week.

What’s driving Oracle (ORCL) shares higher?
The main catalyst was the quarterly earnings report released last week:

→ Earnings per share ($1.70) exceeded analysts’ expectations ($1.64);
→ CEO Safra Catz projected revenue growth of 12–14% in upcoming quarters;
→ Company founder Larry Ellison highlighted “astronomical” demand for data centres, as well as Oracle’s competitive edge in building and servicing them.

Notably, Oracle provides infrastructure services for both OpenAI and Meta Platforms.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

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

[FXOpenTeam]

How to Trade a Pennant Pattern

As a trader, you’re always searching for new ways to stay ahead in the market. One such tool is the pennant pattern, a popular technical analysis formation that can help you identify potential bullish or bearish trends in price. The pennant is a crucial aspect in a trader’s toolkit, regardless of their level of experience.

By learning pennants, you will get an additional trading tool that will help you make informed trading decisions. In this FXOpen guide, we will discuss how to spot it and apply it in your trading.

What Are Pennant Chart Patterns?

A pennant is a continuation pattern that forms during a brief pause in the current trend. They are typically seen as a smaller version of a symmetrical triangle and have features of flags with a flagpole being commonly used to determine take-profit targets. This formation can be either bullish or bearish, depending on the direction of the overall trend. A bullish pennant pattern occurs during an uptrend and signals a continuation of a bullish trend, while a bearish pennant pattern signals a continuation of a bearish trend.

VIEW FULL ANALYSIS VISIT - FXOpen Blog…

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

[FXOpenTeam]

How Financial Markets Are Reacting to the Escalation in the Middle East

The exchange of strikes between Iran and Israel continues. However, judging by the behaviour of various assets, market participants do not appear to expect further escalation:

→ Oil prices are falling. Monday’s candlestick on the XBR/USD chart closed significantly below the opening level.
→ Safe-haven assets are also retreating: the Swiss franc weakened during Monday’s U.S. session, while a bearish candle formed on the daily XAU/USD chart.

Equity markets, too, have largely held their ground.

The S&P 500 index (US SPX 500 mini on FXOpen) climbed on Monday (A→B) following reports of potential talks between Iran and the U.S. However, it pulled back (B→C) after the U.S. President urged citizens to evacuate Tehran.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

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

[FXOpenTeam]

Bank of Japan Leaves Interest Rate Unchanged

This morning, the Bank of Japan (BOJ) released its interest rate decision, keeping the rate unchanged as widely expected. According to Forex Factory, the BOJ Policy Rate remains at 0.5%.

BOJ Governor Kazuo Ueda noted the following:
→ Japan’s economy is recovering moderately.
→ The Bank will continue raising rates if economic and inflationary conditions improve.
→ The situation surrounding trade tariffs remains highly uncertain.

The fact that the decision was anticipated by markets is reflected in price action on the charts.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

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

[FXOpenTeam]

What Are Market Cycles And How Can You Use Them?

Market cycles are a cornerstone of financial trading, shaping the opportunities and risks faced by traders across various markets. This article delves into the key phases of market cycles, how they manifest in different trading arenas, and how traders can capitalise on these predictable patterns for trading success.

VIEW FULL ARTICLE VISIT - FXOpen Blog…

Disclaimer: 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.

[FXOpenTeam]

Market Analysis: EUR/USD Faces Rejection, USD/JPY Recovers Above 145.00

EUR/USD declined from the 1.1640 resistance and traded below 1.1550. USD/JPY is rising and might gain pace above the 145.50 resistance.

Important Takeaways for EUR/USD and USD/JPY Analysis Today

• The Euro started a fresh decline after a strong surge above the 1.1600 zone.
• There is a connecting bearish trend line forming with resistance at 1.1545 on the hourly chart of EUR/USD at FXOpen.
• USD/JPY climbed higher above the 144.00 and 145.00 levels.
• There is a key bullish trend line forming with support at 144.80 on the hourly chart at FXOpen.

EUR/USD Technical Analysis

On the hourly chart of EUR/USD at FXOpen, the pair rallied above the 1.1600 resistance zone before the bears appeared, as discussed in the previous analysis. The Euro started a fresh decline and traded below the 1.1550 support zone against the US Dollar.

The pair declined below 1.1520 and tested the 1.1475 zone. A low was formed near 1.1475 and the pair started a consolidation phase. There was a minor recovery wave above the 1.1495 level.

The pair tested the 23.6% Fib retracement level of the downward move from the 1.1614 swing high to the 1.1475 low. EUR/USD is now trading below 1.1550 and the 50-hour simple moving average. On the upside, the pair is now facing resistance near the 1.1505 level.

The next key resistance is at 1.1545 and the 50% Fib retracement level of the downward move from the 1.1614 swing high to the 1.1475 low. There is also a connecting bearish trend line forming with resistance at 1.1545.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

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