Quick Hits from Today's Markets

Market Analysis

GOLD - GOLD prices find increased chances for a bullish continuation. We can see the MACD finding increased bullish volume, reflected by how prices held up despite massive bearish selling volume. The RSI is also showing increased bullish momentum, although it is about to call for overbought prices, indicating a chance for continued price consolidation. The markets are set for later when Trump announces his plans for tariffs—this will greatly affect the global economy and overall expectations of whats to come.

Whether the gold rush will continue to accumulate or experience a temporary slowdown depends on this announcement. Consolidation may last for a while, but we do expect further buying to take place relatively soon. Overall, price action remains very bullish.

SILVER - SILVER prices are primed for another buy. The overall price action stays above 33.5028 and is testing the EMA200. However, the RSI is currently at overbought levels, showing potential for more selling to continue. The MACD is also showing an increase in bearish volume and momentum. If GOLD prices continue to rise, we expect further buying in the coming days for SILVER prices. This will be used as an effective hedge against overpriced metals.

DXY - The Dollar is currently consolidated, with increased chances of extending its sideways movement as markets assess how tariffs will affect the economy. There is a possibility of an upward move, but overall price action still respects the bearish structure. Thus, we continue looking for a sell continuation in the coming days. We wait for more clues and a clear break before making any calls.

GBPUSD - The Pound remains consolidated. The RSI and MACD reflect this movement strongly. We hold off on calls for this market.

AUDUSD - The Aussie Dollar weakens amid a risk-off market sentiment. The MACD shows growing bullish volume, and the RSI is currently normalizing buying momentum. We expect further buying in the coming days as overall price action has shifted to bullish after prices broke above the EMA200.

NZDUSD - The Kiwi is seeing increased buying momentum and volume, as indicated by the RSI and MACD. While the RSI signals overbought conditions, it is gradually normalizing bullish momentum. However, overall price action is still bearish. It is currently testing the EMA200 and could continue lower depending on market developments. Fundamentally, we expect further weakness for the Kiwi, which may paradoxically push prices up.

EURUSD - Like the Pound, the Euro is extending its consolidation phase. While the MACD is finding increased bearish volume, prices are not reflecting this movement. The RSI is also signaling a slowdown in overall momentum. Thus, we remain consolidated and will hold off on calls, but we do see potential for prices to continue bullish.

USDJPY - The Yen steadies at key levels, waiting for more clues on the Dollar‘s direction. There is a chance that further Yen weakness will emerge depending on Trump’s decisions, but we will have to wait and see how this progresses in the coming days. The MACD is highly consolidated, showing a lack of volume in either direction, while the RSI signals overbought conditions, hinting at potential sideways movement.

USDCHF - The Franc remains consolidated. We wait for further clues before making any directional calls.

USDCAD - The CAD is also extending its long-term consolidation as expected. It has retracted from the previous high. The MACD shows significant growth in bearish volume, and the RSI also reflects a normalization of selling momentum. We anticipate further selling if the US imposes additional tariffs on Canada. Depending on how this develops, we expect more CAD weakness. However, for now, consolidation is likely to continue.