Daily Market Analysis By FXOpen

[FXOpenTeam]

NZD/USD Analysis: Exchange Rate at 2025 High

As shown on the NZD/USD chart today, the exchange rate is around 0.58250—the highest level for the Kiwi against the US dollar since December 2024.

NZD strength is supported by optimism about China’s economy, a key trading partner for New Zealand. The Hang Seng Index (Hong Kong 50 on FXOpen) is near three-year highs, driven by:

→ Optimism surrounding AI development in China, including models from DeepSeek and Alibaba.
→ Government stimulus measures boosting the Chinese economy.

Meanwhile, traders are assessing the USD’s outlook in light of the Trump administration’s trade tariff policies.

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

[FXOpenTeam]

BRK.B Share Price Reaches All-Time High

As shown on the chart, the Class B shares of Berkshire Hathaway (BRK.B) have surpassed $520 for the first time in history. Notably, US stock indices remain below their record highs, further highlighting Warren Buffett’s investment acumen.

In late December, we noted that:

→ Berkshire Hathaway (BRK.B) had significantly reduced its position in Apple (AAPL) and refrained from making new purchases.
→ This suggested that Warren Buffett believed US stocks were overvalued and that a market correction was likely.

Once again, Buffett has been proven right. The Telegraph reports that the legendary investor correctly anticipated that Donald Trump would send Wall Street tumbling.

Additionally, Berkshire Hathaway’s latest earnings report, released yesterday, revealed that the company has been investing in the Japanese stock market—likely contributing to the optimism surrounding BRK.B shares.

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

[FXOpenTeam]

The Weakest Currencies in Europe

Europe is home to some of the world’s strongest currencies, such as the euro, the British pound, and the Swiss franc. While many European currencies are stable and robust, some find themselves facing economic challenges that lead to them being the weakest in the region.

These currencies are weak for various reasons, including high levels of informal economic activity, dependence on remittances and exports, and political instability. This FXOpen article focuses on the six weakest currencies in Europe.

6 Weakest Currencies in Europe

You will find a list of European currencies ranging from strongest to weakest. Even though the Great British Pound is one of the leading currencies in the region, we decided not to put the weakest currency against GBP. The article compares the values of the European legal tenders to the US dollar. The USD remains a typical benchmark for currency valuation.

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

[FXOpenTeam]

The Fed May Cut Rates: The Dollar Trades Near Recent Lows

The upcoming trading sessions are packed with key events, potentially triggering heightened volatility in major currency pairs. This morning, the Bank of Japan held its meeting, the Federal Reserve will announce its decision this evening, and tomorrow, the Swiss National Bank and the Bank of England are scheduled to meet. This mix of news could either reinforce current trends or lead to sharp reversals.

USD/CAD

As expected, the USD/CAD pair tested the lower boundary of the medium-term range at 1.4470–1.4260. It has yet to break below, as a rebound from 1.4260 allowed buyers to form a bullish “harami” pattern. If 1.4300 remains a support level, the price could strengthen towards 1.4470–1.4400. However, if sellers push the pair below 1.4300–1.4260, a retest of 1.4160–1.4100 is possible.

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

[FXOpenTeam]

Gold Price Surpasses $3,000 per Ounce for the First Time in History

Just five days ago, we noted that gold was approaching the $3,000 level and suggested that a breakout could occur this month.

Yesterday, as shown on the XAU/USD chart, the spot price of gold rose above the psychological $3,000 mark for the first time ever. The new all-time high now stands at around $3,045.

Why Is Gold Rising?

Bullish sentiment is being driven by traders positioning themselves ahead of a key event—the Federal Reserve’s interest rate decision, set to be announced today. According to ForexFactory, analysts expect rates to remain unchanged at 4.5%, but surprises cannot be ruled out.

Additionally, gold is becoming more attractive as a safe-haven asset. As reported by Reuters:

→ Tensions in the Middle East are escalating—Israel warns of further casualties, as airstrikes in Gaza have already resulted in over 400 deaths.
→ Gold is gaining amid uncertainty over US tariffs.

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

[FXOpenTeam]

Tesla (TSLA) Shares Among the Biggest Losers Again

As the chart shows, Tesla (TSLA) shares opened yesterday’s trading session with a bearish gap and closed more than 5% lower than the previous day’s close. Meanwhile, the S&P 500 index (US SPX 500 mini on FXOpen) also declined, but by only around 1%.

Why Tesla (TSLA) Shares Fell

The recent two-day decline may be part of a broader downtrend. As we noted earlier in March, one of the key bearish factors could be Elon Musk’s political involvement in the Trump administration. For investors, this may imply that:

→ A significant number of potential Tesla customers may be put off by Musk’s political stance, slowing sales.
→ The CEO may not be paying enough attention to the company at a time of intense competition. Notably, Chinese EV manufacturer BYD Co. (CN:002594) has announced the launch of its Super e-Platform, which can charge a vehicle with a 400-kilometre range in just five minutes.

This sentiment is reflected in analysts’ decisions, as they continue to lower their target prices for TSLA shares, further fuelling negative sentiment.

TSLA Price Forecast

According to MarketWatch, RBC Capital Markets has cut Tesla’s target price from $440 to $320 due to a worsening outlook for the company’s robotaxi programme and autonomous driving software.

However, RBC analyst Tom Narayan maintained a “Buy” rating on Tesla (TSLA) shares, stating that concerns over a sharp sales drop in Europe and China are “overblown.”

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

[FXOpenTeam]

How to Trade a High Wave Pattern

In the dynamic world of trading, the high wave candlestick pattern emerges as a potent instrument, offering valuable insights to traders as they navigate the intricate terrain of financial markets. As we venture into the setup, this exploration will illuminate its fundamental principles, strategies, and tools that empower traders and investors to decode the intricate language of the financial market.

What Is a High Wave Candlestick Pattern?

The high wave candle pattern is a technical analysis formation traders usually use to identify potential trend reversals in highly fluctuating markets. Still, there might be conditions in which you find this formation during a solid trend, signalling a trend continuation.

It is characterised by a candlestick with a small body and long upper and lower wicks, suggesting indecision and rapid price fluctuations. It often materialises at critical support and resistance levels, making it a vital indicator for potential trend reversals. The candle may have any colour.

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

[FXOpenTeam]

Yen and Euro Strengthen After Fed Meeting

At yesterday’s Fed meeting, contrary to expert expectations, officials left the benchmark interest rate unchanged at 4.50%. The Fed Chair highlighted a high degree of uncertainty in the current state of the US economy due to changes in tariff policy introduced by Donald Trump’s administration. Jerome Powell also noted rising inflation and a possible economic slowdown, stating that officials need more clarity before adjusting monetary policy.

These statements from the Fed contributed to a broad decline in the US dollar.

EUR/USD

The euro weakened throughout the day yesterday, retreating from its recent highs near 1.0950. After the Fed’s decision, the pair rebounded from 1.0860 and briefly traded above 1.0900.

Technical analysis of EUR/USD suggests the possible start of a downward correction, as a “bearish engulfing” pattern has formed on the daily timeframe. If sellers manage to hold the pair below 1.0860, a retest of the key 1.0800 support level is likely. Conversely, if yesterday’s high is broken, the pair could continue its upward movement towards the psychological level of 1.1000.

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

[FXOpenTeam]

Alibaba (BABA) Share Price Declines from 40-Month High

As shown in the Alibaba (BABA) share chart, the price reached a 40-month high this week, surpassing $145 per share.

Bullish sentiment is being fuelled by news related to AI prospects in China. According to media reports:
→ China’s AI spending is increasing through investments from state-owned enterprises, private companies, and local authorities, aiming to keep pace with the US $500 billion Star Gate project.
→ Alibaba plans to invest $52 billion over three years in artificial intelligence and cloud computing.

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/JPY Analysis: Dollar Weakens After Fed Decision

Yesterday, the Federal Reserve announced its interest rate decision, which, as expected, remained unchanged. Fed Chair Jerome Powell emphasised that there is no rush to cut rates amid uncertainty surrounding US inflation and the tariff policies implemented by the Trump administration.

This key announcement triggered volatility in financial markets, notably:
→ US stock indices rose;
→ the US dollar weakened, which was evident in currency (and cryptocurrency) charts involving USD pairs.

The most significant movement occurred in the USD/JPY chart, as the Bank of Japan was also active yesterday. While it also left interest rates unchanged, it acknowledged growing uncertainty around Japan’s economy and added a new reference to the “changing trade environment.”

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

[FXOpenTeam]

How Bond Spreads Can Help You Trade Forex

In the intricate world of forex trading, bond spreads offer valuable insights into currency movements. By examining the yield differences between bonds, traders can gauge economic health and investor confidence. This article delves into the nuanced relationship between bond spreads and forex, providing practical examples and ways to utilise this information in forex trading.

Bond Spreads Explained

Bond spreads, a term familiar in the world of finance, refers to the difference in yield between two bonds. They provide insight into various economic and market conditions. Government bond spreads are the most important, as they compare the yield of a country’s government bonds to a benchmark bond, often seen as a risk-free standard, like US Treasuries. Note that there are other kinds of bond spreads, like high-yield corporate bond spreads, but they’re mostly unrelated as a forex indicator.

To grasp the concept, imagine two countries – Country A and Country B. Country A’s government bonds might yield 2%, while Country B’s yield 4%. The spread here is 2% (4% - 2%). Such a difference can signal investors’ perceptions of risk between these two economies. A wider spread often suggests a higher perceived risk or instability in the country with a greater yield.

Bond spreads today are a dynamic indicator, constantly influenced by economic policies, geopolitical events, and market sentiment. They are essential in gauging economic health and investor confidence.

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

[FXOpenTeam]

GBP/USD Analysis: Pair Fails to Hold Above Psychological Level

As shown in today’s GBP/USD chart, the pair failed to maintain its position above the psychological level of 1.3000 USD per pound, where it had reached its highest point since early 2025. The decline followed recent central bank decisions and statements, with both the Bank of England and the Federal Reserve keeping interest rates unchanged.

On one side, the Bank of England:
→ Warned of inflation risks, partly driven by external factors such as US trade tariffs.
→ Indicated a potential rate cut in the coming months.

On the other hand, the US dollar strengthened on Thursday after the Federal Reserve signalled reluctance to rush further rate cuts this year, despite uncertainties surrounding US tariffs.

These statements highlighted the challenges market participants face in assessing the risks posed by tariffs on global trade.

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

[FXOpenTeam]

Adobe (ADBE) Shares Plunge, Holding Near 22-Month Lows

Last week, Adobe Inc. (ADBE) reported its quarterly financial results:
→ Earnings per share: Actual = $5.08, Expected = $4.97
→ Gross revenue: Actual = $5.71 billion, Expected = $5.66 billion

Additionally, according to CNBC, the design software giant announced plans to double its AI revenue by the end of the financial year. However, despite these positive figures, Adobe Inc. (ADBE) shares plummeted by approximately 13%, returning to price levels last seen in May 2023.

This decline may reflect investor concerns over Adobe’s AI monetisation strategy and the potential loss of its competitive edge in generative AI.

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]

Achieving Hands-Free Trading with Forex Automation Software

One tool gaining prominence in the world of finance recently is trading automation software, which represents a groundbreaking technological solution that can be tailored for the fast-paced world of foreign exchange trading. This article explores the use of forex automation software and describes how it can optimise a trader’s experience.

What Is Automated Forex Trading Software?

Designed to streamline and automate trading processes, auto trading programs can execute buy or sell orders on behalf of traders based on a set of predefined criteria. When trading manually, traders execute trades based on their own analysis of market trends and conditions. This process is time-consuming, subject to emotional biases, and limited to the trader’s skills and knowledge. In contrast, automation software operates tirelessly, executing trades at any time, and is devoid of emotional responses, providing a systematic and disciplined approach to trading.

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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: Gold Prices Break Record But WTI Crude Oil Face Hurdles

Gold price rallied further and traded to a new all-time high. Crude oil is attempting a recovery wave but upsides could be limited.

Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today

• Gold price started a steady increase above the $3,000 zone against the US Dollar.
• A connecting bearish trend line is forming with resistance at $3,028 on the hourly chart of gold at FXOpen.
• WTI Crude oil prices started a recovery wave from the $66.00 support zone.
• There is a key bullish trend line forming with support at $67.50 on the hourly chart of XTI/USD at FXOpen.

Gold Price Technical Analysis

On the hourly chart of Gold at FXOpen, the price found support near the $2,950 zone. The price remained in a bullish zone and started a strong increase above $2,980.

There was a decent move above the 50-hour simple moving average and $3,000. The bulls pushed the price above the $3,015 and $3,030 resistance levels. Finally, the price climbed as high as $3,057 before there was a pullback.

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

[FXOpenTeam]

XBR/USD Analysis: Price Near Resistance Zone

As seen on the XBR/USD chart, Brent crude oil prices are hovering near last week’s highs this morning as market participants assess various influencing factors, including:

→ New U.S. sanctions on Iran, which are limiting its export capacity and tightening global supply, particularly to China.
→ Ongoing negotiations between the U.S., Ukraine, and Russia in Saudi Arabia, which could potentially lead to increased Russian oil exports.
→ OPEC+ plans to raise oil production starting in April.

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

[FXOpenTeam]

S&P 500 Analysis: Markets Start the Week on a Positive Note

A week ago, while analysing the S&P 500 index chart (US SPX 500 mini on FXOpen), we noted that the market had officially entered a correction phase, as the price had declined more than 10% from its February 19 peak. This drop was driven by mounting uncertainty over the potential economic damage caused by the Trump administration’s tariff policies in international trade.

However, this morning, markets are showing signs of optimism following reassuring statements from officials over the weekend.

According to Reuters:
→ Trump announced plans to hold talks with Chinese President Xi Jinping, while the U.S. Trade Representative is set to meet his Chinese counterpart this week.
→ The European Union has taken a conciliatory stance, delaying its initial countermeasures against the U.S. until mid-April.

As a result, sentiment appears to have shifted towards optimism, with the S&P 500 index (US SPX 500 mini on FXOpen) trading approximately 4% above this month’s low.

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

[FXOpenTeam]

Market Insights with Gary Thomson: 24 - 28 March

Market Insights with Gary Thomson: UK & US Inflation, US Durable Goods Orders, and Earnings Reports

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

In this episode, we discuss:

• UK Inflation Rate
• US Durable Goods Orders
• US PCE Price Index
• Corporate Earnings Statements

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

Watch it now and stay updated with FXOpen.

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

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

[FXOpenTeam]

Leveraging Social Media for Market Research in Trading

It’s impossible to imagine modern trading or sound asset management without relying on news and current events in the world. The theory states that it is not safe to go without news in trading. Along with traditional information channels, such as government websites and reputable news publishers, social networks are becoming popular.

Using social media is one of the ways to conduct market research. The information posted is not considered unconditionally reliable; however, it’s possible to extract useful insights and information from closed communities, which a trader won’t find on Forbes, for example.

This FXOpen article explores how social media data helps traders understand market trends, assess sentiment, and follow news in real time. You’ll learn why social networks play an important role in making informed trading decisions.

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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]

Forex Traders Focus on Trump’s Tariff News

As April 2 approaches—the date when Trump’s international trade tariffs are set to take effect—traders are increasingly concentrating on this highly uncertain issue.

Yesterday, the U.S. president stated that:
→ Tariffs on cars would be introduced “soon” (but not all possible tariffs would be imposed);
→ Some countries might receive exemptions;
→ Nations purchasing oil from Venezuela could face 25% tariffs.

Following these remarks:
→ Oil prices rose;
→ U.S. stocks gained as Wall Street (according to Reuters) interpreted the comments as a sign of flexibility in trade negotiations.

Given this backdrop, the EUR/CAD chart is particularly interesting, as both Europe and Canada frequently feature in news related to the White House’s trade policies.

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.