DBG Markets: Market Report for Apr 01, 2025

MARKET ANALYSIS

GOLD

GOLD prices surged significantly today, aligning with our expectations, especially as Trumps tariff plans come into focus. The MACD is showing increased bullish volume, despite crossing lower, indicating strong buying interest. Meanwhile, the RSI reflects strong bullish momentum, evident in the continued price increase even as the RSI moves sideways. We anticipate further upside until the tariff announcement. Analysts are revising their year-end GOLD price targets, and we personally expect a range of $3,600/oz to $3,800/oz, depending on the evolution of international relations.

SILVERSILVER prices have the potential to rise further following GOLDs historic highs. This trend may continue, as the MACD shows increasing bullish volume, while the RSI confirms growing momentum. Given these signals, we anticipate further buying in the coming days.

DXYThe Dollar has broken lower but is now consolidating between 104.607 and 104.084. We are holding off on calling a market bias until the full impact of Trumps tariff policies becomes clearer. Both the MACD and RSI align with a consolidation outlook, though the overall price action remains bearish. We expect continued selling pressure in the coming days.

GBPUSDThe Pound remains in consolidation, with both the MACD and RSI reflecting this range-bound movement. We await further news on tariff plans before making any directional calls.

AUDUSDThe Aussie Dollar is seeing increased selling pressure, maintaining its bearish structure. The MACD is showing higher selling volume, while the RSI confirms growing bearish momentum. Given these signals, we continue to look for selling opportunities.

NZDUSDThe Kiwi is finding increased potential for a continuation sell after breaking below a key support level. 0.56859 is now acting as strong resistance, preventing further upside. The RSI also supports continued selling after reaching overbought levels.

EURUSDThe Euro remains in consolidation after a failed breakout that was quickly reversed. This hesitation may stem from uncertainties surrounding the EUs relationship with the US. Given the lack of a decisive trend, we will wait for further price action before forming a clear bias.

USDJPYThe Yen is currently testing the EMA200. Although the overall trend has shifted to selling, the RSI suggests a possible buying opportunity, as the recent higher swing low was marked oversold. The MACD also indicates potential bullish continuation with increased volume. Given this setup, we anticipate sideways movement in the coming days.

USDCHFThe Franc is also consolidating, but bullish momentum is picking up. While we previously expected a bearish continuation, the sudden upside move invalidated that outlook. We are now holding off on any directional bias until a clearer breakout occurs.

USDCADThe CAD continues to show signs of weakness, with growing potential for further downside. However, the MACD is showing increased bullish volume, and the RSI confirms rising bullish momentum. Given the evolving global trade landscape, we anticipate further CAD buying in the coming days.