Current Economic News

Market Overview

Market Analysis

GOLD

GOLD has stagnated in price as expected. We remain bullish for this market and wait for further price action and data release to carry through trading momentum.

SILVER

SILVER has also stagnated, but we continue to expect bullish runs on this market. No changes from our bias and readings on this chart.

DXY

The Dollar has consolidated at this price level as we expected–nearing the September rate cut, it might recover higher than previous consolidation point. 

GBPUSD

The pound has risen beyond previous point–showing GBP strength beyond the dollar weakness. However, we continue to see the possibility of a correction before the rate cut itself to allow big money to enter at a better price. 

AUDUSD

The Aussie dollar is currently gaining momentum to break through 0.67985 and is finding little traction with price. However, we expect the market to stagnate soon to allow a good price for trading. 

NZDUSD

The Kiwi has now risen beyond previous high point as expected and is soon to find further momentum and strength to carry trade through. However, we watch for a potential correction a few days or a few hours before main trading for rate cut comes in. 

EURUSD

The Euro fell short of market expectations after failing to break above previous point, maintaining prices at current levels. We anticipate further bullish movements for the price and see more buying to come into the market. 

USDJPY

As we expected, the Yen is not showing much strength as markets continues to weigh economic conditions and market conditions in Japan. Currently, we continue to see the Yen winning but expect a certain limit to prices as the BoJ continue to control price and market expectations to reach goals. 

USDCAD

The Loonie has found strength as we expected after an increase in Oil prices. However, current increase may also come from expectations of a better CAD economy. But we will wait for more cues to come from the BOC to further anticipate market expectations for a rate cut.