Today's Economic Outlook

GOLD - Gold has steadied after reaching a new all-time high and is currently consolidating within our supply zone. While we anticipate further growth for gold, we are waiting for additional confirmations and a better entry point. A technical correction is currently underway.

SILVER - Silver fell below 30.668, contrary to our expectations, after what seemed like a head-and-shoulders formation. With that in mind, we might see a bearish run from here if the price falls below 29.900. However, we will continue to monitor price movements to see how the market will run from here. Our expectations for a bullish run remain.

DXY - The dollar has fallen below 104.084, indicating a bearish continuation. With this fall, we may expect the price to decline further.

GBPUSD - The pound has broken through 1.29966. We continue to see a bullish run from the current price level. We wait for further confirmations to enter at a good price, while also anticipating a potential technical correction.

AUDUSD -The Aussie dollar has been held between 0.67142 and 0.67531, failing to show a decisive direction. However, we expect the market to continue bullish after this consolidation.

NZDUSD -The Kiwi regained its strength against the dollar after bouncing off 0.60455. We continue to anticipate more price action to confirm the bullish run, although the price has yet to break beyond 0.60954.

EURUSD -The Euro is showing a good rise after consolidations. We can see strength and demand returning for the currency. We follow the trend and react accordingly, looking for better entry points.

USDJPY - The yen has recovered significantly, as expected, after a weak dollar. It is currently trading at 155.704, passing through multiple bullish structures. We anticipate further growth in this market and potentially see a low peak for this quarter sometime next month.

USDCHF - The CHF has fallen as expected, and the price has moved accordingly. It has broken below 0.88886, and we expect further declines. We wait for more price action to determine the market's direction.

USDCAD -The CAD has significantly lost against the dollar after failing to recover in a weak dollar environment. With that said, we may expect further growth in this market and a bullish run away from 1.36612. We wait for a better entry point.

COT Reports Analysis

CAD - Weak (2/5)

CHF - WEAK (5/5)

GBP - Strong (5/5)

JPY - Weak (5/5)

EUR - Strong (3/5)

AUD - Strong (5/5)

NZD - Weak (3/5)

USD - Strong (2/5)

Silver - Strong (5/5)

Gold - Strong (5/5)