#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.
👍3
Media is too big
VIEW IN TELEGRAM
Daily Market News with FXOpen - 22 April 2026
🔸 Oil prices barely moved as investors assess outlook for US-Iran peace talks;
🔸 Asian shares are mixed and oil prices little changed as investors watch for US-Iran talks;
🔸 Dollar around one-week highs on doubts about Iran war ceasefire.
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.
#OilPrices #CrudeOil #ForexMarket #USIran #GlobalMarkets #StockMarketNews #DollarIndex #Investing #MarketUpdate
🔸 Oil prices barely moved as investors assess outlook for US-Iran peace talks;
🔸 Asian shares are mixed and oil prices little changed as investors watch for US-Iran talks;
🔸 Dollar around one-week highs on doubts about Iran war ceasefire.
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.
#OilPrices #CrudeOil #ForexMarket #USIran #GlobalMarkets #StockMarketNews #DollarIndex #Investing #MarketUpdate
👍4
#USDJPY #usdcad #forextrading #marketanalysis #MarketNews
Dollar Regains Ground Amid Uncertainty Over US–Iran Talks
The US dollar is recovering after its previous decline, supported by ongoing uncertainty surrounding the geopolitical backdrop. Conflicting signals regarding negotiations between the US and Iran — including reports of a possible ceasefire extension alongside preparations for increased military presence in the region — are creating mixed expectations among market participants and driving flows back into safe-haven assets. This environment is helping to restore demand for the dollar, despite the absence of a clear fundamental catalyst.
Additional support for the currency comes from expectations surrounding upcoming US macroeconomic data, which could influence the outlook for interest rates. However, the primary focus remains on geopolitical developments, while economic data is viewed more as a potential trigger for short-term moves. Markets are also factoring in commodity price dynamics and expectations for global economic activity, shaping the current balance of forces.
USD/JPY
USD/JPY is moving higher, approaching key weekly resistance levels in the 159.70–160.00 range. The pair’s movement reflects a combination of dollar strength and reduced demand for the yen as a safe-haven asset. If current conditions persist, a further advance and a test of March highs cannot be ruled out. At the same time, rejection from this resistance zone may slow momentum and trigger a short-term pullback.
Key events for USD/JPY:
▪️today at 15:30 (GMT+3): US initial jobless claims
▪️today at 16:45 (GMT+3): US Services PMI
▪️today at 23:30 (GMT+3): Federal Reserve balance sheet
Dollar Regains Ground Amid Uncertainty Over US–Iran Talks
The US dollar is recovering after its previous decline, supported by ongoing uncertainty surrounding the geopolitical backdrop. Conflicting signals regarding negotiations between the US and Iran — including reports of a possible ceasefire extension alongside preparations for increased military presence in the region — are creating mixed expectations among market participants and driving flows back into safe-haven assets. This environment is helping to restore demand for the dollar, despite the absence of a clear fundamental catalyst.
Additional support for the currency comes from expectations surrounding upcoming US macroeconomic data, which could influence the outlook for interest rates. However, the primary focus remains on geopolitical developments, while economic data is viewed more as a potential trigger for short-term moves. Markets are also factoring in commodity price dynamics and expectations for global economic activity, shaping the current balance of forces.
USD/JPY
USD/JPY is moving higher, approaching key weekly resistance levels in the 159.70–160.00 range. The pair’s movement reflects a combination of dollar strength and reduced demand for the yen as a safe-haven asset. If current conditions persist, a further advance and a test of March highs cannot be ruled out. At the same time, rejection from this resistance zone may slow momentum and trigger a short-term pullback.
Key events for USD/JPY:
▪️today at 15:30 (GMT+3): US initial jobless claims
▪️today at 16:45 (GMT+3): US Services PMI
▪️today at 23:30 (GMT+3): Federal Reserve balance sheet
👍3
#usdcad #USDJPY #forextrading #marketanalysis
USD/CAD
USD/CAD is forming a potential reversal structure following its recent decline, signalling a possible shift in short-term momentum. Technical analysis suggests scope for a move higher towards 1.3700–1.3750, supported by a bullish “piercing pattern” on the daily chart. A sustained move below 1.3620, however, could revive downside pressure towards 1.3520–1.3560.
Key events for USD/CAD:
▪️today at 15:30 (GMT+3): Canada RMPI
▪️today at 15:30 (GMT+3): Canada New Housing Price Index
▪️tomorrow at 15:30 (GMT+3): Canada Core Retail Sales
The dollar’s current rebound is driven by geopolitical uncertainty and mixed signals surrounding developments in Iran. USD/JPY approaching resistance and emerging reversal signals in USD/CAD highlight the importance of current levels. Further direction will depend on incoming news and macroeconomic data, with the dollar potentially extending gains or resuming its decline if geopolitical tensions ease.
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 forming a potential reversal structure following its recent decline, signalling a possible shift in short-term momentum. Technical analysis suggests scope for a move higher towards 1.3700–1.3750, supported by a bullish “piercing pattern” on the daily chart. A sustained move below 1.3620, however, could revive downside pressure towards 1.3520–1.3560.
Key events for USD/CAD:
▪️today at 15:30 (GMT+3): Canada RMPI
▪️today at 15:30 (GMT+3): Canada New Housing Price Index
▪️tomorrow at 15:30 (GMT+3): Canada Core Retail Sales
The dollar’s current rebound is driven by geopolitical uncertainty and mixed signals surrounding developments in Iran. USD/JPY approaching resistance and emerging reversal signals in USD/CAD highlight the importance of current levels. Further direction will depend on incoming news and macroeconomic data, with the dollar potentially extending gains or resuming its decline if geopolitical tensions ease.
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.
👍3
Media is too big
VIEW IN TELEGRAM
Daily Market News with FXOpen - 23 April 2026
🔸 European stocks open lower; Nokia and L’Oreal shares soar on earnings beats;
🔸 Oil extends gain as peace negotiations between US and Iran stall;
🔸 Bitcoin loses grip near $80,000 as ETH, SOL, DOGE fade on profit-taking.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
Cryptocurrency CFDs are not available to Retail clients at FXOpen UK.
#StockMarket #EuropeanStocks #EarningsSeason #OilPrices #Geopolitics #CryptoNews #Bitcoin #Altcoins #FinancialMarkets
🔸 European stocks open lower; Nokia and L’Oreal shares soar on earnings beats;
🔸 Oil extends gain as peace negotiations between US and Iran stall;
🔸 Bitcoin loses grip near $80,000 as ETH, SOL, DOGE fade on profit-taking.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
Cryptocurrency CFDs are not available to Retail clients at FXOpen UK.
#StockMarket #EuropeanStocks #EarningsSeason #OilPrices #Geopolitics #CryptoNews #Bitcoin #Altcoins #FinancialMarkets
👍3
#EURUSD #EURCAD #forextrading #tradingtips #marketanalysis #MarketNews
EUR/USD and EUR/CAD Continue Correction Ahead of Key Data
The euro remains under pressure, extending its corrective decline following the previous impulsive rally. Market participants are taking profits and trimming positions ahead of key macroeconomic releases, reducing demand for the single currency and keeping both pairs near important levels, with the potential for increased volatility.
Ongoing geopolitical uncertainty in the Middle East continues to act as an additional factor, particularly through its impact on commodity markets, especially oil. Fluctuations in energy prices are influencing inflation expectations and the outlook for monetary policy, which is particularly relevant for commodity-linked currencies such as the Canadian dollar.
Focus now shifts to upcoming data from the euro area, Canada, and the United States, which may reshape expectations regarding the next steps of major central banks. Weak or neutral data could increase pressure on the euro and extend the current downside move, while stronger figures may provide support and trigger a corrective rebound or stabilisation near current levels.
EUR/USD
After forming a bearish reversal pattern last week, EUR/USD continues to trade within a corrective downtrend. Sellers managed to push the pair below the key 1.1700 support level yesterday. If this level turns into resistance, a retest of recent lows and further decline towards 1.1630–1.1600 may follow.
Key events for EUR/USD:
▪️today at 09:45 (GMT+3): France consumer confidence
▪️today at 11:00 (GMT+3): Germany IFO business climate index
▪️today at 17:00 (GMT+3): US inflation expectations (University of Michigan)
EUR/USD and EUR/CAD Continue Correction Ahead of Key Data
The euro remains under pressure, extending its corrective decline following the previous impulsive rally. Market participants are taking profits and trimming positions ahead of key macroeconomic releases, reducing demand for the single currency and keeping both pairs near important levels, with the potential for increased volatility.
Ongoing geopolitical uncertainty in the Middle East continues to act as an additional factor, particularly through its impact on commodity markets, especially oil. Fluctuations in energy prices are influencing inflation expectations and the outlook for monetary policy, which is particularly relevant for commodity-linked currencies such as the Canadian dollar.
Focus now shifts to upcoming data from the euro area, Canada, and the United States, which may reshape expectations regarding the next steps of major central banks. Weak or neutral data could increase pressure on the euro and extend the current downside move, while stronger figures may provide support and trigger a corrective rebound or stabilisation near current levels.
EUR/USD
After forming a bearish reversal pattern last week, EUR/USD continues to trade within a corrective downtrend. Sellers managed to push the pair below the key 1.1700 support level yesterday. If this level turns into resistance, a retest of recent lows and further decline towards 1.1630–1.1600 may follow.
Key events for EUR/USD:
▪️today at 09:45 (GMT+3): France consumer confidence
▪️today at 11:00 (GMT+3): Germany IFO business climate index
▪️today at 17:00 (GMT+3): US inflation expectations (University of Michigan)
👍3
#EURCAD #marketanalysis #forextrading
EUR/CAD
EUR/CAD is also moving lower, testing important levels amid mixed fundamental drivers. Technical analysis points to the possibility of further downside towards 1.6000–1.5940, supported by a confirmed bearish “tweezer” pattern on the daily chart. A move above 1.6050 could bring buyers back into the market.
Key events for EUR/CAD:
▪️today at 15:30 (GMT+3): Canada core retail sales
▪️today at 18:00 (GMT+3): Canada budget balance
▪️today at 22:30 (GMT+3): CFTC CAD net speculative positions
Both pairs remain near key levels, with future direction dependent on a combination of fundamental factors. Depending on incoming data, the market may either shift into consolidation with attempts to hold support, or see an extension of the current corrective decline.
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.
EUR/CAD
EUR/CAD is also moving lower, testing important levels amid mixed fundamental drivers. Technical analysis points to the possibility of further downside towards 1.6000–1.5940, supported by a confirmed bearish “tweezer” pattern on the daily chart. A move above 1.6050 could bring buyers back into the market.
Key events for EUR/CAD:
▪️today at 15:30 (GMT+3): Canada core retail sales
▪️today at 18:00 (GMT+3): Canada budget balance
▪️today at 22:30 (GMT+3): CFTC CAD net speculative positions
Both pairs remain near key levels, with future direction dependent on a combination of fundamental factors. Depending on incoming data, the market may either shift into consolidation with attempts to hold support, or see an extension of the current corrective decline.
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.
👍4
Media is too big
VIEW IN TELEGRAM
Daily Market News with FXOpen - 24 April 2026
🔸 Tsmc shares jump to record high as Taiwan eases single-stock investment caps for funds;
🔸 Oil holds gains as Iran talks impasse adds to uncertainty;
🔸 Asian stocks are mixed as the Iran war standoff pushes oil prices higher.
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.
#TSMC #Semiconductors #AIboom #StockMarketNews #Investing #OilPrices #EnergyMarket #Geopolitics #AsianMarkets
🔸 Tsmc shares jump to record high as Taiwan eases single-stock investment caps for funds;
🔸 Oil holds gains as Iran talks impasse adds to uncertainty;
🔸 Asian stocks are mixed as the Iran war standoff pushes oil prices higher.
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.
#TSMC #Semiconductors #AIboom #StockMarketNews #Investing #OilPrices #EnergyMarket #Geopolitics #AsianMarkets
👍2
#InterestRates #CentralBanks #ForexMarket #USD #EUR #GBP #Inflation #StockMarket #EarningsSeason
Weekly Market Insights with Gary Thomson: The Week of Central Banks and Earnings Reports
In this video, we’ll explore the key economic events and market trends, shaping the financial landscape. Get ready for insights into financial markets to help you navigate the week ahead. Let’s dive in!
In this episode of Market Insights, Gary Thomson breaks down what moved the markets last week and unpacks the strategic implications of the most critical events driving global markets.
👉 Key topics covered in this episode:
🔸 BoC Interest Rate Decision
The Bank of Canada will announce its rate decision on 29 April, with rates expected to remain unchanged. However, the focus will be on its updated outlook for inflation and growth. With energy prices pushing inflation higher while underlying pressures ease, the tone of the Monetary Policy Report could drive volatility in the Canadian dollar.
🔸 Fed Interest Rate Decision
The Federal Reserve will also announce its rate decision on 29 April. Although rates are forecast to stay unchanged, the press conference may be important. Shifting expectations towards a prolonged pause could drive volatility in the USD and global markets. Will the Fed maintain a cautious tone, or surprise markets with a shift in outlook?
🔸 BoE Interest Rate Decision
The Bank of England’s interest rate decision will be released on 30 April, with no changes expected. However, the vote split could influence sterling, especially as inflation rises but policymakers remain cautious. Will the Bank signal future tightening, or maintain a wait-and-see approach?
🔸 ECB Interest Rate Decision
The European Central Bank will deliver its monetary decision on 30 April. As rates are anticipated to hold, guidance from Christine Lagarde and the tone of the press conference could drive euro volatility. Will the ECB maintain a cautious pause, or signal readiness to tighten policy soon?
🔸 Earnings Reports
On 29–30 April, major earnings from the so-called Magnificent Seven corporations — including Alphabet, Microsoft, Amazon, Meta, and Apple — could drive equity market movements, with investors focusing on AI, cloud, advertising, and consumer demand trends. Will earnings support US equity indices, or trigger a broader reassessment of tech valuations?
Heading into the week, geopolitics, central bank decisions, and major earnings could drive markets. With several key events clustered together, volatility may stay elevated, making risk management essential.
Gain insights to strengthen your trading knowledge.
💬 Don’t forget to like, comment, and subscribe for more market insights every week.
https://cutt.ly/TtKt5bzt
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.
Weekly Market Insights with Gary Thomson: The Week of Central Banks and Earnings Reports
In this video, we’ll explore the key economic events and market trends, shaping the financial landscape. Get ready for insights into financial markets to help you navigate the week ahead. Let’s dive in!
In this episode of Market Insights, Gary Thomson breaks down what moved the markets last week and unpacks the strategic implications of the most critical events driving global markets.
👉 Key topics covered in this episode:
🔸 BoC Interest Rate Decision
The Bank of Canada will announce its rate decision on 29 April, with rates expected to remain unchanged. However, the focus will be on its updated outlook for inflation and growth. With energy prices pushing inflation higher while underlying pressures ease, the tone of the Monetary Policy Report could drive volatility in the Canadian dollar.
🔸 Fed Interest Rate Decision
The Federal Reserve will also announce its rate decision on 29 April. Although rates are forecast to stay unchanged, the press conference may be important. Shifting expectations towards a prolonged pause could drive volatility in the USD and global markets. Will the Fed maintain a cautious tone, or surprise markets with a shift in outlook?
🔸 BoE Interest Rate Decision
The Bank of England’s interest rate decision will be released on 30 April, with no changes expected. However, the vote split could influence sterling, especially as inflation rises but policymakers remain cautious. Will the Bank signal future tightening, or maintain a wait-and-see approach?
🔸 ECB Interest Rate Decision
The European Central Bank will deliver its monetary decision on 30 April. As rates are anticipated to hold, guidance from Christine Lagarde and the tone of the press conference could drive euro volatility. Will the ECB maintain a cautious pause, or signal readiness to tighten policy soon?
🔸 Earnings Reports
On 29–30 April, major earnings from the so-called Magnificent Seven corporations — including Alphabet, Microsoft, Amazon, Meta, and Apple — could drive equity market movements, with investors focusing on AI, cloud, advertising, and consumer demand trends. Will earnings support US equity indices, or trigger a broader reassessment of tech valuations?
Heading into the week, geopolitics, central bank decisions, and major earnings could drive markets. With several key events clustered together, volatility may stay elevated, making risk management essential.
Gain insights to strengthen your trading knowledge.
💬 Don’t forget to like, comment, and subscribe for more market insights every week.
https://cutt.ly/TtKt5bzt
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
Weekly Market Insights with Gary Thomson: The Week of Central Banks and Earnings Reports
In this video, we’ll explore the key economic events and market trends, shaping the financial landscape. Get ready for insights into financial markets to help you navigate the week ahead. Let’s dive in!
In this episode of Market Insights, Gary Thomson unpacks…
In this episode of Market Insights, Gary Thomson unpacks…
👍2
#GBPUSD #EURGBP #marketanalysis #forextrading #MarketNews
Market Analysis: GBP/USD Builds Momentum While EUR/GBP Dips Once More
GBP/USD is showing positive signs above 1.3500 and 1.3525. EUR/GBP declined and is now consolidating losses below 0.8700.
Important Takeaways for GBP/USD and EUR/GBP Analysis Today
▪️The British Pound started a fresh increase above 1.3500 to enter a positive zone.
▪️There was a break above a key bearish trend line with resistance at 1.3510 on the hourly chart of GBP/USD at FXOpen.
▪️EUR/GBP is trading in a bearish zone below the 0.8685 pivot level.
▪️There is a connecting bearish trend line forming with resistance near 0.8665 on the hourly chart at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair remained well-bid above 1.3450. The British Pound started a decent increase above 1.3470 against the US Dollar.
The bulls were able to push the pair above the 50-hour simple moving average and 1.3500. The pair even climbed above a key bearish trend line with resistance at 1.3510. A high was formed at 1.3548, and the pair is now consolidating gains above the 23.6% Fib retracement level of the upward move from the 1.3447 swing low to the 1.3548 high.
On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.3550. The next hurdle for the bulls could be 1.3565. A close above 1.3565 could open the doors for a move toward 1.3600. Any more gains might send GBP/USD toward 1.3660.
On the downside, the bulls might remain active near 1.3525. If there is a downside break below 1.3525, the pair could accelerate lower. The first major support is at 1.3495 and the 50% Fib retracement, below which the pair could test 1.3470.
The next key area for the bulls could be 1.3445, below which the pair could test 1.3400. Any more losses could lead the pair toward 1.3350.
Market Analysis: GBP/USD Builds Momentum While EUR/GBP Dips Once More
GBP/USD is showing positive signs above 1.3500 and 1.3525. EUR/GBP declined and is now consolidating losses below 0.8700.
Important Takeaways for GBP/USD and EUR/GBP Analysis Today
▪️The British Pound started a fresh increase above 1.3500 to enter a positive zone.
▪️There was a break above a key bearish trend line with resistance at 1.3510 on the hourly chart of GBP/USD at FXOpen.
▪️EUR/GBP is trading in a bearish zone below the 0.8685 pivot level.
▪️There is a connecting bearish trend line forming with resistance near 0.8665 on the hourly chart at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair remained well-bid above 1.3450. The British Pound started a decent increase above 1.3470 against the US Dollar.
The bulls were able to push the pair above the 50-hour simple moving average and 1.3500. The pair even climbed above a key bearish trend line with resistance at 1.3510. A high was formed at 1.3548, and the pair is now consolidating gains above the 23.6% Fib retracement level of the upward move from the 1.3447 swing low to the 1.3548 high.
On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.3550. The next hurdle for the bulls could be 1.3565. A close above 1.3565 could open the doors for a move toward 1.3600. Any more gains might send GBP/USD toward 1.3660.
On the downside, the bulls might remain active near 1.3525. If there is a downside break below 1.3525, the pair could accelerate lower. The first major support is at 1.3495 and the 50% Fib retracement, below which the pair could test 1.3470.
The next key area for the bulls could be 1.3445, below which the pair could test 1.3400. Any more losses could lead the pair toward 1.3350.
👍4
#EURGBP #forextrading #tradingtips #marketanalysis
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP at FXOpen, the pair started a steady decline from well above 0.8720. The Euro traded below 0.8695 against the British Pound.
The EUR/GBP chart suggests that the pair even declined below 0.8670 and the 50-hour simple moving average. A low was formed at 0.8650, and the pair is now consolidating losses. There was a move above 0.8665 and toward the 23.6% Fib retracement level of the downward move from the 0.8720 swing high to the 0.8650 low.
The pair is now facing resistance near a connecting bearish trend line at 0.8665. The next major barrier for the bulls could be 0.8685 and the 50% Fib retracement.
A close above 0.8685 might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8695. Any more gains might send the pair toward the 0.8720 pivot.
Immediate support sits near 0.8650. The first key zone sits at 0.8620. A downside break below 0.8620 might call for more downsides. In the stated case, the pair could drop toward 0.8565.
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.
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP at FXOpen, the pair started a steady decline from well above 0.8720. The Euro traded below 0.8695 against the British Pound.
The EUR/GBP chart suggests that the pair even declined below 0.8670 and the 50-hour simple moving average. A low was formed at 0.8650, and the pair is now consolidating losses. There was a move above 0.8665 and toward the 23.6% Fib retracement level of the downward move from the 0.8720 swing high to the 0.8650 low.
The pair is now facing resistance near a connecting bearish trend line at 0.8665. The next major barrier for the bulls could be 0.8685 and the 50% Fib retracement.
A close above 0.8685 might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8695. Any more gains might send the pair toward the 0.8720 pivot.
Immediate support sits near 0.8650. The first key zone sits at 0.8620. A downside break below 0.8620 might call for more downsides. In the stated case, the pair could drop toward 0.8565.
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.
👍4
Media is too big
VIEW IN TELEGRAM
Daily Market News with FXOpen - 27 April 2026
🔸 European markets to start the week higher as Iran reportedly makes peace proposal;
🔸 Dollar drifts as traders assess stuttering US-Iran talks;
🔸 Goldman Sachs raises oil price forecast yet again.
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 #ForexMarket #USDEUR #OilPrices #GlobalEconomy #TradingNews #MarketUpdates
🔸 European markets to start the week higher as Iran reportedly makes peace proposal;
🔸 Dollar drifts as traders assess stuttering US-Iran talks;
🔸 Goldman Sachs raises oil price forecast yet again.
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 #ForexMarket #USDEUR #OilPrices #GlobalEconomy #TradingNews #MarketUpdates
👍4
#MSFT #stockmarket #stocktrading #MarketNews #marketanalysis
Microsoft Shares Two Days Ahead of Earnings Release
In January, Microsoft shares came under pressure following the company’s earnings report. Although both revenue and earnings per share exceeded analysts’ expectations, growth in the Azure cloud platform slowed to 39% year-on-year from 40% in the previous quarter—enough to disappoint investors. The market is now preparing for the next release: on 29 April, after the close of trading, Microsoft will publish results for the third quarter of its 2026 financial year. Analysts forecast adjusted EPS at $4.04, up 17% from the same period last year. The focus remains on Azure’s performance and the expansion of the paid user base for Copilot within Microsoft 365.
Technical Overview
Until late January, Microsoft shares moved sideways, but the 29 January earnings release triggered a sharp gap down accompanied by an abnormal surge in vertical volume, prompting a rapid repricing of the asset. This move laid the foundation for a well-defined downward channel, with the price steadily declining along its boundaries to a low near 357 by the end of March. In April, a recovery pushed the price to around 433, followed by consolidation within the 412–433 range, where it remains ahead of the upcoming earnings announcement.
The horizontal volume balance zone is located at 403–406, with the broader market profile spanning 390–422—current prices are trading above the bulk of accumulated volume. The nearest significant resistance stands at 443, while support levels are seen at 390 and 371. The RSI with moving averages shows readings of 64 / 72 / 61: the oscillator sits between two upward-sloping moving averages, reflecting a bullish bias within the consolidation phase.
Summary
The 412–433 consolidation range is forming just ahead of the 29 April earnings release—an event similar to the one in January that triggered a two-month decline. The volume profile indicates that prices remain above the balance zone at 403–406, while RSI holds in positive territory. The market’s reaction to the upcoming results will determine whether the recovery extends further or the price returns to the prior accumulation range.
Trade global index CFDs with zero commission and tight spreads*. Learn more about trading index CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Microsoft Shares Two Days Ahead of Earnings Release
In January, Microsoft shares came under pressure following the company’s earnings report. Although both revenue and earnings per share exceeded analysts’ expectations, growth in the Azure cloud platform slowed to 39% year-on-year from 40% in the previous quarter—enough to disappoint investors. The market is now preparing for the next release: on 29 April, after the close of trading, Microsoft will publish results for the third quarter of its 2026 financial year. Analysts forecast adjusted EPS at $4.04, up 17% from the same period last year. The focus remains on Azure’s performance and the expansion of the paid user base for Copilot within Microsoft 365.
Technical Overview
Until late January, Microsoft shares moved sideways, but the 29 January earnings release triggered a sharp gap down accompanied by an abnormal surge in vertical volume, prompting a rapid repricing of the asset. This move laid the foundation for a well-defined downward channel, with the price steadily declining along its boundaries to a low near 357 by the end of March. In April, a recovery pushed the price to around 433, followed by consolidation within the 412–433 range, where it remains ahead of the upcoming earnings announcement.
The horizontal volume balance zone is located at 403–406, with the broader market profile spanning 390–422—current prices are trading above the bulk of accumulated volume. The nearest significant resistance stands at 443, while support levels are seen at 390 and 371. The RSI with moving averages shows readings of 64 / 72 / 61: the oscillator sits between two upward-sloping moving averages, reflecting a bullish bias within the consolidation phase.
Summary
The 412–433 consolidation range is forming just ahead of the 29 April earnings release—an event similar to the one in January that triggered a two-month decline. The volume profile indicates that prices remain above the balance zone at 403–406, while RSI holds in positive territory. The market’s reaction to the upcoming results will determine whether the recovery extends further or the price returns to the prior accumulation range.
Trade global index CFDs with zero commission and tight spreads*. Learn more about trading index CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
👍5
#AUDUSD #usdcad #marketanalysis #forextrading #tradingtips
Commodity Currencies Test Key Levels Ahead of Major Macro Data
Commodity-linked currencies are trading near key levels, showing restrained price action as market participants adopt a wait-and-see approach. The fundamental backdrop is shaped by expectations surrounding the release of Australia’s inflation data and the Bank of Canada’s interest rate decision, followed by a press conference. These events are viewed as key drivers for the respective currencies and could significantly shift the balance of power in the market.
Additional attention is focused on global factors, including US statistics (data on economic activity and oil inventories), as well as ongoing uncertainty surrounding negotiations between the US and Iran, which continues to influence overall risk sentiment.
AUD/USD
The AUD/USD pair is trading near its yearly high around 0.7220. This level is attracting heightened attention, as the pair has not traded above it for three years, increasing its significance as a supply zone. In the event of strong inflation data, a breakout with further upside is possible, whereas weaker figures could trigger a pullback and a return to the 0.7100–0.7180 range.
Key events for AUD/USD:
▪️today at 16:00 (GMT+3): S&P/CS Composite-20 Home Price Index (US), not seasonally adjusted
▪️today at 17:00 (GMT+3): US CB Consumer Confidence Index
▪️tomorrow at 04:30 (GMT+3): Australia Consumer Price Index
Commodity Currencies Test Key Levels Ahead of Major Macro Data
Commodity-linked currencies are trading near key levels, showing restrained price action as market participants adopt a wait-and-see approach. The fundamental backdrop is shaped by expectations surrounding the release of Australia’s inflation data and the Bank of Canada’s interest rate decision, followed by a press conference. These events are viewed as key drivers for the respective currencies and could significantly shift the balance of power in the market.
Additional attention is focused on global factors, including US statistics (data on economic activity and oil inventories), as well as ongoing uncertainty surrounding negotiations between the US and Iran, which continues to influence overall risk sentiment.
AUD/USD
The AUD/USD pair is trading near its yearly high around 0.7220. This level is attracting heightened attention, as the pair has not traded above it for three years, increasing its significance as a supply zone. In the event of strong inflation data, a breakout with further upside is possible, whereas weaker figures could trigger a pullback and a return to the 0.7100–0.7180 range.
Key events for AUD/USD:
▪️today at 16:00 (GMT+3): S&P/CS Composite-20 Home Price Index (US), not seasonally adjusted
▪️today at 17:00 (GMT+3): US CB Consumer Confidence Index
▪️tomorrow at 04:30 (GMT+3): Australia Consumer Price Index
👍3
#usdcad #forextrading #tradingtips #marketanalysis
USD/CAD
The recovery in USD/CAD observed last week has lost momentum following a failed attempt to consolidate above 1.3700. Yesterday, the April low was updated, but the price found support at 1.3600 and rebounded. Technical analysis of USD/CAD points to the possibility of a decline towards 1.3540–1.3520 if the pair consolidates below 1.3600. The bearish scenario would be invalidated after a confident move and hold above 1.3700.
Key events for USD/CAD:
▪️tomorrow at 15:30 (GMT+3): US New Home Construction (housing starts)
▪️tomorrow at 16:45 (GMT+3): Bank of Canada interest rate decision
▪️tomorrow at 17:30 (GMT+3): Bank of Canada press conference
Overall, the market is in a waiting phase, where key levels in AUD/USD and USD/CAD serve as decision points. Upcoming macroeconomic events — including Australia’s CPI, the Bank of Canada’s decision, and US data — will determine the next direction: either continuation of current trends with breakouts, or a return to more subdued, range-bound dynamics.
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
The recovery in USD/CAD observed last week has lost momentum following a failed attempt to consolidate above 1.3700. Yesterday, the April low was updated, but the price found support at 1.3600 and rebounded. Technical analysis of USD/CAD points to the possibility of a decline towards 1.3540–1.3520 if the pair consolidates below 1.3600. The bearish scenario would be invalidated after a confident move and hold above 1.3700.
Key events for USD/CAD:
▪️tomorrow at 15:30 (GMT+3): US New Home Construction (housing starts)
▪️tomorrow at 16:45 (GMT+3): Bank of Canada interest rate decision
▪️tomorrow at 17:30 (GMT+3): Bank of Canada press conference
Overall, the market is in a waiting phase, where key levels in AUD/USD and USD/CAD serve as decision points. Upcoming macroeconomic events — including Australia’s CPI, the Bank of Canada’s decision, and US data — will determine the next direction: either continuation of current trends with breakouts, or a return to more subdued, range-bound dynamics.
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.
👍3
#META #stockmarket #stocktrading #marketanalysis #MarketNews
Meta: V-Shaped Recovery Meets Heavy Volume Resistance
The movement in Meta Platforms shares is being driven by two competing narratives. On one hand, advertising revenue is benefiting from AI-based tools: the Advantage+ platform continues to support strong advertiser demand, and the analyst consensus for Q1 2026 revenue stands at around $55.5 billion—near the upper end of the company’s guidance range of $53.5–56.5 billion. On the other hand, investors remain cautious about planned capital expenditure of $115–135 billion for 2026, which is weighing on free cash flow. The company’s earnings release is scheduled for 29 April after the market close.
Technical Overview
On the 4-hour chart, price action from late January to the end of March showed clear signs of a downtrend, with the stock falling roughly 30% from $744 to $521. The rebound from this low was sharp and symmetrical, forming a clear V-shaped recovery. The return of buyers was accompanied by a notable spike in vertical volume on 8 April, after which the price moved firmly into the market profile range of $610–683.
Within this zone, momentum has slowed. The Point of Control (POC) is concentrated around $668–673. The price is currently trading between this high-volume area and the upper boundary of the profile at $683, where trading activity has been most concentrated over the period. Above current levels, the next key resistance is at $692 — the April high. Support at $594 aligns with a gap formed during the strong upward move on elevated volume. The RSI with moving averages shows readings of 62, 63, and 60. The oscillator sits between two upward-sloping moving averages, indicating that bullish momentum persists, although price action is clearly slowing near the upper edge of the volume range.
Summary
The chart structure reflects a transition from a deep correction to a recovery phase that has now encountered a dense volume barrier. Price behaviour within the $668–683 range will largely depend on the upcoming earnings release and whether the company can meet analysts’ expectations amid rising capital expenditure.
Trade global index CFDs with zero commission and tight spreads*. Learn more about trading index CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Meta: V-Shaped Recovery Meets Heavy Volume Resistance
The movement in Meta Platforms shares is being driven by two competing narratives. On one hand, advertising revenue is benefiting from AI-based tools: the Advantage+ platform continues to support strong advertiser demand, and the analyst consensus for Q1 2026 revenue stands at around $55.5 billion—near the upper end of the company’s guidance range of $53.5–56.5 billion. On the other hand, investors remain cautious about planned capital expenditure of $115–135 billion for 2026, which is weighing on free cash flow. The company’s earnings release is scheduled for 29 April after the market close.
Technical Overview
On the 4-hour chart, price action from late January to the end of March showed clear signs of a downtrend, with the stock falling roughly 30% from $744 to $521. The rebound from this low was sharp and symmetrical, forming a clear V-shaped recovery. The return of buyers was accompanied by a notable spike in vertical volume on 8 April, after which the price moved firmly into the market profile range of $610–683.
Within this zone, momentum has slowed. The Point of Control (POC) is concentrated around $668–673. The price is currently trading between this high-volume area and the upper boundary of the profile at $683, where trading activity has been most concentrated over the period. Above current levels, the next key resistance is at $692 — the April high. Support at $594 aligns with a gap formed during the strong upward move on elevated volume. The RSI with moving averages shows readings of 62, 63, and 60. The oscillator sits between two upward-sloping moving averages, indicating that bullish momentum persists, although price action is clearly slowing near the upper edge of the volume range.
Summary
The chart structure reflects a transition from a deep correction to a recovery phase that has now encountered a dense volume barrier. Price behaviour within the $668–683 range will largely depend on the upcoming earnings release and whether the company can meet analysts’ expectations amid rising capital expenditure.
Trade global index CFDs with zero commission and tight spreads*. Learn more about trading index CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
👍3
Media is too big
VIEW IN TELEGRAM
Daily Market News with FXOpen - 28 April 2026
🔸 Gold retreats as traders weigh diplomatic push to end Iran war;
🔸 Yen erases gains as BOJ’s Ueda fails to give clear hike signal;
🔸 European shares edge lower as US-Iran talks stall; corporate earnings on tap.
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.
#Gold #Forex #Yen #BOJ #CentralBanks #Geopolitics #Iran #StockMarket #Commodities
🔸 Gold retreats as traders weigh diplomatic push to end Iran war;
🔸 Yen erases gains as BOJ’s Ueda fails to give clear hike signal;
🔸 European shares edge lower as US-Iran talks stall; corporate earnings on tap.
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.
#Gold #Forex #Yen #BOJ #CentralBanks #Geopolitics #Iran #StockMarket #Commodities
👍2
#EURUSD #GBPUSD #forextrading #tradingforex #marketanalysis #MarketNews
EUR/USD and GBP/USD consolidate ahead of the Fed decision
European currencies are showing subdued dynamics, entering a consolidation phase following their previous advance. Earlier, EUR/USD and GBP/USD broke out of their ranges and strengthened; however, the subsequent correction has led both pairs to retest the previously breached upper boundaries of their sideways channels. The current stabilisation near these levels reflects a balance of forces in the market and a wait-and-see stance among participants ahead of the key decision by the Federal Reserve.
The main focus is on the Federal Reserve meeting, including the interest rate decision, the accompanying statement, and the press conference. The market is assessing potential signals regarding the future trajectory of monetary policy, which is limiting activity and restraining the formation of a directional move. Additional influence may come from macroeconomic data from the US, the euro area, and the United Kingdom.
EUR/USD
The EUR/USD pair is consolidating near the previously broken range, holding above key levels. This dynamic preserves a structure favourable for further gains; however, the lack of new drivers is restraining the development of upward momentum. The reaction to the Fed decision may provide the impulse for a breakout from the current range.
Technical analysis of EUR/USD suggests the possibility of a retest of 1.1750, as a bullish engulfing pattern has formed on the daily timeframe. A firm move below 1.1650 could lead to the pair returning to the previously broken range.
Key events for EUR/USD:
▪️today at 09:00 (GMT+3): speech by Bundesbank’s B. Balz;
▪️today at 18:30 (GMT+3): speech by Bundesbank Vice President Buch;
▪️tomorrow at 11:00 (GMT+3): Germany’s gross domestic product.
EUR/USD and GBP/USD consolidate ahead of the Fed decision
European currencies are showing subdued dynamics, entering a consolidation phase following their previous advance. Earlier, EUR/USD and GBP/USD broke out of their ranges and strengthened; however, the subsequent correction has led both pairs to retest the previously breached upper boundaries of their sideways channels. The current stabilisation near these levels reflects a balance of forces in the market and a wait-and-see stance among participants ahead of the key decision by the Federal Reserve.
The main focus is on the Federal Reserve meeting, including the interest rate decision, the accompanying statement, and the press conference. The market is assessing potential signals regarding the future trajectory of monetary policy, which is limiting activity and restraining the formation of a directional move. Additional influence may come from macroeconomic data from the US, the euro area, and the United Kingdom.
EUR/USD
The EUR/USD pair is consolidating near the previously broken range, holding above key levels. This dynamic preserves a structure favourable for further gains; however, the lack of new drivers is restraining the development of upward momentum. The reaction to the Fed decision may provide the impulse for a breakout from the current range.
Technical analysis of EUR/USD suggests the possibility of a retest of 1.1750, as a bullish engulfing pattern has formed on the daily timeframe. A firm move below 1.1650 could lead to the pair returning to the previously broken range.
Key events for EUR/USD:
▪️today at 09:00 (GMT+3): speech by Bundesbank’s B. Balz;
▪️today at 18:30 (GMT+3): speech by Bundesbank Vice President Buch;
▪️tomorrow at 11:00 (GMT+3): Germany’s gross domestic product.
👍3
#GBPUSD #forextrading #tradingtips #marketanalysis
GBP/USD
The GBP/USD pair is showing a similar structure, holding near its levels after a corrective pullback. The current consolidation reflects market uncertainty and expectations of signals from the Federal Reserve and the outlook for Bank of England policy. Depending on the regulators’ rhetoric, the pair may either resume its advance and firmly establish itself above 1.3600, or deepen the correction and fall below 1.3460.
Key events for GBP/USD:
▪️today at 17:00 (GMT+3): Atlanta Fed GDPNow indicator;
▪️today at 21:00 (GMT+3): US Federal Reserve interest rate decision;
▪️today at 21:30 (GMT+3): FOMC press conference.
Overall, the market is at a point of equilibrium, where previously broken levels act as a key decision zone. The outcome of the Federal Reserve meeting may serve as the main driver: a more dovish tone could support a continuation of the upward momentum in European currencies, while more hawkish signals may increase pressure and lead to a deeper correction.
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 GBP/USD pair is showing a similar structure, holding near its levels after a corrective pullback. The current consolidation reflects market uncertainty and expectations of signals from the Federal Reserve and the outlook for Bank of England policy. Depending on the regulators’ rhetoric, the pair may either resume its advance and firmly establish itself above 1.3600, or deepen the correction and fall below 1.3460.
Key events for GBP/USD:
▪️today at 17:00 (GMT+3): Atlanta Fed GDPNow indicator;
▪️today at 21:00 (GMT+3): US Federal Reserve interest rate decision;
▪️today at 21:30 (GMT+3): FOMC press conference.
Overall, the market is at a point of equilibrium, where previously broken levels act as a key decision zone. The outcome of the Federal Reserve meeting may serve as the main driver: a more dovish tone could support a continuation of the upward momentum in European currencies, while more hawkish signals may increase pressure and lead to a deeper correction.
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.
👍3
Media is too big
VIEW IN TELEGRAM
Daily Market News with FXOpen - 29 April 2026
🔸 European stocks to open lower as UAE OPEC exit complicates oil supply outlook;
🔸 S&P 500, Nasdaq, Dow futures inch up ahead of Mag 7 earnings, last Powell term meeting;
🔸 Oil extends rally as market focuses on Hormuz disruption.
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 #OPEC #SP500 #Nasdaq #DowJones #EnergyMarkets #Investing
🔸 European stocks to open lower as UAE OPEC exit complicates oil supply outlook;
🔸 S&P 500, Nasdaq, Dow futures inch up ahead of Mag 7 earnings, last Powell term meeting;
🔸 Oil extends rally as market focuses on Hormuz disruption.
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 #OPEC #SP500 #Nasdaq #DowJones #EnergyMarkets #Investing
👍3