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MARKET ANALYSIS

GOLD

GOLD continues its remarkable rise, hitting new record highs. The uncertainty surrounding Trump's trade policies and the Federal Reserve's indecision has driven investors toward safe-haven assets. Technically, gold remains bullish, with the MACD and RSI signaling strong upward momentum, and the EMA200 offering solid support. While some analysts see the potential for gold to hit $3,000/oz by March, the distance from the EMA200 suggests a possible pullback before a continuation. However, given the current global economic backdrop, prices could sustain their upward momentum without much correction.

SILVER

SILVER is following golds lead but at a more tempered pace. While silver is expected to rise alongside gold, its movements remain more restrained, likely to avoid fueling inflationary pressures. Indicators like the MACD and RSI confirm bullish momentum, suggesting silver is well-positioned for further gains in the near term.

DXY

The dollar has failed to recover as anticipated, continuing its slide amidst uncertainty. The Federal Reserve's projected timeline for rate cuts and ongoing trade tensions under Trump's administration have kept investors wary. Market participants are closely watching upcoming rate decisions, as well as any developments in the trade war, for clearer direction on the dollars outlook.

GBPUSD

The Pound rebounded following the dollar's weakness but remains within a broader consolidation range. The resistance at 1.24754 is holding firm, and traders are awaiting a breakout to determine the next move. The MACD and RSI show buying momentum, but the EMA200s sideways movement suggests caution is warranted for now.

AUDUSD

The Australian dollar has shown strength, testing the upper limits of its consolidation range. A breakout here could pave the way for continued gains, supported by optimism from the tariff delay. However, expectations of rate cuts by the Reserve Bank of Australia may limit upward momentum, leading to a prolonged consolidation phase. The MACD and RSI both indicate strong buying activity.

NZDUSD

The New Zealand dollar is experiencing a similar dynamic, testing resistance within its consolidation range. While the Kiwi shows signs of strength, the potential for rate cuts by the Reserve Bank of New Zealand could cap further gains. The MACD and RSI are bullish, and the EMA200 is offering support, but the overall bias remains bearish unless a breakout occurs.

EURUSD

The Euro has gained some ground, but its recovery is limited. The MACD and RSI suggest building momentum, though the MACD is showing signs of slowing. Fundamentally, the possibility of improved U.S.-Europe relations through trade negotiations could influence this pair, but for now, the broader trend leans bearish.

USDJPY

The Yen is benefiting from the dollar‘s weakness, trading below 153.868. Expectations for further rate hikes by the Bank of Japan are adding to the yen's strength. The MACD and RSI reflect bearish momentum for this pair, with the EMA200 acting as resistance. The broader outlook remains negative unless the yen’s recent gains lose steam.

USDCHF

The Franc hasn‘t seen much fundamental news, but technically, it’s leaning bearish. The MACD and RSI indicate continued selling pressure, and theres little to suggest a reversal in the near term.

USDCAD

The Canadian dollar is testing its lows after breaking a key swing point. While the tariff delay offers some hope for recovery, the Fed's upcoming rate decisions and global trade dynamics will play a significant role in determining CAD's direction. The MACD suggests a temporary pullback before resuming its bearish trend, while support at current levels may lead to short-term consolidation.