Economy in Motion: Trends & Turning Points

Market Overview

Markets are positioned for the Federal Reserve's interest rate decision later today. The high probability of a rate cut is the dominant narrative, causing significant weakness in the U.S. Dollar and strength in most other assets.

Market Analysis

GOLD

Gold prices rose but traded in a neutral range during yesterday's session, ending slightly higher. The price is expected to continue its bullish trajectory, driven by the anticipated rate cut. The MACD shows increasing buying volume, and the RSI is approaching overbought levels, confirming the strong momentum. We assume further buying is likely, especially after the Fed's announcement.

SILVER

Silver is currently consolidated as the market awaits the results of the Fed meeting. We recommend caution and will wait for a clear breakout of the current price structures. Our underlying assumption is for further buying to continue.

DXY

The Dollar has fallen sharply due to the high probability of a definite rate cut. We saw a sharp decline in yesterdays trading session, and this weakness has been reflected across other markets. The MACD and RSI both signal further bearish movement. We expect and will look for a continuation of this selling trend.

GBPUSD

The Pound is showing increased buying momentum and volume. Both the MACD and RSI confirm this bullish sentiment. We are expecting a continuation of this rally in the coming days.

AUDUSD

The Aussie is finding increased buying momentum, a view shared by both the MACD and the RSI. While we anticipate further buying, we also expect some consolidation as the market awaits the rate cut announcement.

NZDUSD

The Kiwi is also experiencing increased buying momentum, as reflected in the MACD and the RSI. We expect this bullish trend to continue.

EURUSD

Euro prices have found increased buying momentum, confirmed by both the RSI and the MACD. We expect to find further buying opportunities, especially as the U.S. Dollar is expected to see continued selling.

USDJPY

The Yen is strengthening, with the USD/JPY pair showing increased bearish volume and momentum. We can now call for a continuation lower after the recent break of a key support level. We assume further selling to come.

USDCHF

The pair has progressed according to our bearish expectations. The MACD and the RSI indicate strong selling pressure, and we call for more bearish movement in the coming days.

USDCAD

The pair has progressed according to our bearish expectations. The MACD and the RSI indicate strong selling pressure, and we call for more bearish movement in the coming days.