Today's Financial News

GOLD- Gold recovered slightly from last week‘s open but slid lower after reaching resistance at 2365.443. Despite this, Gold ended on a positive note after last week’s close. The market remains range-bound between 2332.174 and 2295.536, showing no clear direction. A decisive break above 2365.443 or below 2295.536 will indicate the next move, with potential targets at 2431.705.

SILVER- Silver also shows limited movement, trading below 29.900 after failing to reach 30.938. Prolonged consolidation may invalidate the M pattern formation, potentially signaling a continuation of the price rise. We await further confirmations.

DXY- The Dollar weakened after reaching 105.840, showing signs of further potential weakness as time passes.

GBPUSD- The pound recovered after bouncing off 1.26487, suggesting a possible rise back to 1.27938. However, the overall price structure indicates a bearish trend. We await further price action to confirm the next move.

AUDUSD- AUDUSD shows slight recovery but remains range-bound between 0.67142 and 0.65869. No significant movement has been observed to draw a conclusion. We continue to wait for further price action.

NZDUSD- NZDUSD continues to trade between 0.62086 and 0.60954 with minimal price action. We await further developments before determining a market bias.

EURUSD- The Euro recovered slightly, trading just above 1.07240 and the downtrend line. We wait for additional price action to determine the next direction.

USDJPY- After nearing the 160 price level, USDJPY dipped, likely due to fears of market intervention by Japanese authorities. We observe Yen weakness but remain cautious of potential interventions.

USDCHF- USDCHF saw minimal trading after returning above 0.8886. The overall market sentiment remains bearish, with a bias towards selling, though a potential turnaround is possible.

USDCAD- The Canadian Dollar strengthened ahead of data releases, with USDCAD reaching 1.36558. The Bank of Canada (BOC) commented on balancing monetary policies to avoid being overly restrictive while continuing efforts to bring inflation down. We expect further movement after upcoming data releases.