DBG Markets: Market Report for Jul 16, 2025

Market Analysis

GOLD

Prices are finding increased bearish momentum and volume after yesterday's price action. It is wholly anticipated that the market will progress this way in the coming days. As we previously mentioned, while prices were recently moving upward, we will maintain our overall bearish expectations as the trend has not definitively shifted back to buying.

SILVER

The pair is moving along as we expected, heading toward the EMA200, with both the RSI and the MACD showing increased selling momentum and volume. We will retain our overall bullish insight, as the broader price action remains bullish without a complete structural shift. Thus, we will look for more buying opportunities after it reaches the EMA200.

DXY

The Dollar weakened significantly after the key inflation data from last night. The Core Consumer Price Index (CPI) for June came in at +0.2%, which was lower than the +0.3% forecast. It is currently finding increased bullish momentum and volume, with the RSI and the MACD indicating gains. We anticipate further buying to continue in the coming days.

The Fed is still holding rates despite President Trumps demand to cut them to boost the economy. Right now, all parties are waiting to see how the tariff situation will affect the economy. The recent softer inflation data gives the Fed more reason to consider cutting rates soon. However, some analysts claim that the tariffs are the least of their concerns until they find a significant economic shift, like that of China last April.

GBPUSD

The soft U.S. data from last night only helped the Pound dip lower, as it proceeded to crash below the 1.34294 level. It is now expected that we will find further selling to continue, as the MACD and the RSI are following through on the bearish momentum and volume of the price.

AUDUSD

The Aussie Dollar is proceeding as we expected, selling off further and finding increased bearish momentum and volume. With that, we anticipate prices to continue bearishly in the coming days. The MACD and the RSI are also reflecting the growth in the bearish movement.

NZDUSD

The Kiwi is currently finding increased bearish momentum and volume, with the RSI and the MACD reflecting the same sentiment. This market followed through with our expectations and is seeing increased chances for further selling to continue.

EURUSD

Euro prices have finally broken below the consolidation boundary low. The RSI and the MACD are reflecting the bearish momentum and volume. We expect the price to continue bearishly in the coming days. This price action has now caused a complete shift, and we are now looking for more bearish opportunities.

USDJPY

The Yen is currently finding increased gains [against the Dollar], and the MACD and the RSI are also reflecting the bullish growth [for USD/JPY]. We will look for more opportunities to buy the market [USD/JPY]. As it stands now, we expect further buying to continue.

USDCHF

The Franc showed weakness after the softer-than-expected U.S. CPI data lessened immediate worries over the U.S. economy. This caused some investors to shift their sentiment away from the safe-haven Franc and into the Dollar. This is proven by how aggressively prices [for USD/CHF] broke through the upper boundary of the consolidation. With this break, the overall momentum has shifted back to buying. Thus, we will look for more buying opportunities.

USDCAD

The CAD is currently testing the 1.37261 level. There is a large chance for prices [on USD/CAD] to continue bullishly in the coming days, but we will not call for a definite move until it shows us a clear break of structure. Until then, we will maintain our market expectations.