Today's Financial Forecast

XAUUSD

In light of the escalating tensions in the Middle East and the imminent threat of an attack on Israel, investors are strategically capitalizing on the current sell-off in gold. By booking profits now, they aim to re-enter the market at more favorable prices, thus maximizing their investment potential. The current price hovers around 2365.443, presenting a prime opportunity for savvy investors.

SILVER

Silver prices are currently in a consolidation phase, fluctuating between 27.725 and 26.494. Much like gold, we anticipate a bullish movement soon, despite the current low prices. Our strategy remains flexible, responding to real-time price movements to capture optimal gains.

DXY

The dollar has found temporary strength, settling above 102.775. While our long-term view predicts a weaker dollar, current market behavior suggests some investors are boosting its value before the anticipated September rate cuts. We remain vigilant, waiting for the ideal moment to re-enter the market.

GBPUSD

The pound is floundering, caught in the crossfire of domestic turmoil and economic uncertainty. Riots and instability are dragging the currency down, and we expect this trend to continue as both economies remain fragile.

AUDUSD

The Australian dollar is on the rise, bolstered by the RBA's decision to maintain rates and project cuts for December 2024. Currently trading at 0.65250, we expect it to break above 0.65618, reflecting growing investor confidence.

NZDUSD

The Kiwi dollar has surged following positive employment data, surpassing forecasts and reducing unemployment rates. This has shifted market expectations towards a more hawkish stance, boosting the currency's performance.

EURUSD

The EUR gained considerable strength but is currently consolidated at 1.08950. While the price broke through, it failed to reach 1.10361. We will react to price movement. However, we still anticipate a possible sell-off in this market soon as regional tensions escalate.

USDJPY

The Yen gained considerably after a few days of trading and is currently at 146.512 after what seems to be a technical correction following a long drop. We continue to price in a sell-off for this market but will re-evaluate prices and react accordingly depending on market expectations.

USDCHF

The market is currently in a technical correction after a large drop from the structure under 0.87041. We continue to see a continuation of the drop, but there is a possibility that the price may return to 0.87041. Our analysis remains the same—a weaker dollar.

USDCAD

The CAD has gained as we expected, considerably so against the dollar. We can see the price fall under 1.37881. While bullish structures have not been fully broken through, we still look for market opportunities to sell.