Economy in Motion: Trends & Turning Points

Market Analysis

GOLD

There is little to no development with GOLD prices as analysts wait on data releases later today, including ADP NFP, Advance GDP q/q, Core PCE Price Index m/m, and the Employment Cost Index. All are relevant news points to help navigate the health of the U.S. economy following the implications of tariffs.

We will not call for a specific change in our analysis for GOLD until a clearer break is seen.

SILVER

SILVER prices are currently finding increased consolidation. We will not call for a shift or change our initial analysis until a clear break is found.

DXY

The Dollar is being held up by the zone, showing increased chances for consolidation to continue until we find movements caused by the data releases. We anticipate further selling to continue, as prices still fail to confirm an overall market shift to buying.

GBPUSD

The Pound strength is consistent, but it did fail to break above 1.34294. There is a larger chance for markets to continue bullish, but the current holdup on buying is caused by analysts waiting to see how the U.S. data will turn out.

AUDUSD

The Aussie dollar is primed to buy but is still consolidating. We wait for a clear break of structure.

NZDUSD

The Kiwi is showing continued consolidation. We wait for a clear break of structure. It is still being held up by relevant structures, allowing us to continue looking for more buying continuation.

EURUSD

The Euro is still consolidated. We wait for a significant move or a clear break of structure. Prices are still being supported and are respecting the overall bullish bias.

USDJPY

The Yen has also started consolidating. While we did call a shift back to selling yesterday, it is now 50/50 as it consolidates in the middle of relevant zones. We will wait for a clean break of structure before calling for a movement in price. We do anticipate more selling to come.

USDCHF

The Franc has returned under the consolidation zone, showing an increased chance for bearish continuation. However, until a clear shift—specifically a break under this structure—occurs, we will hold off on calling for a specific bias.

USDCAD

There is no improvement in the markets for the CAD. We will still hold off on calls and wait for a clear break of structure.