Understanding Today's News

Market Insights

GOLD – Gold prices remain under pressure as traders await U.S. inflation data. While gold is a traditional hedge, the Feds cautious stance on rate cuts could limit upside potential. MACD signals increased selling, and RSI is stabilizing after nearing oversold levels. Expect choppy trading ahead, with geopolitical risks still providing long-term support.

SILVER – Silver remains stable, holding above key support at EMA200 (31.4724). No significant market moves, and momentum remains neutral.

DXY – The U.S. dollar weakened slightly as traders reposition ahead of inflation data. MACD and RSI both indicate selling pressure, with the Feds response being a key driver of the next move.

GBPUSD – The pound rebounded slightly as the dollar softened, but the broader bearish trend remains intact. Market awaits more direction from the Fed.

AUDUSD – The Aussie broke key resistance, benefiting from USD weakness. Short-term bullish momentum is in play, but long-term direction remains uncertain.

NZDUSD – The Kiwi struggles to gain ground, facing bearish sentiment due to global trade challenges. Investors remain cautious, awaiting clearer signals.

EURUSD – The euro climbed above 1.03311 and EMA200, testing previous highs. RSI nears overbought, and a breakout could signal more upside. Otherwise, consolidation continues.

USDJPY – The yen strengthened as investors reacted to BOJ Governor Ueda‘s comments and uncertainty over Trump’s tariffs. EMA200 now acting as support.

USDCHF – The Swiss franc broke resistance and gained momentum, but overall trend remains sideways near EMA200.

USDCAD – The Canadian dollar consolidates, with increasing downside potential suggesting a bearish shift ahead.