Key Market Data for Today

GOLD -Gold consolidated during the Asian session but still maintains a bullish outlook due to political uncertainties and geopolitical tensions in the Middle East. We expect it to surpass 2365.443.

SILVER - Silver is attracting volume as a safe-haven asset, with expectations to break and reach 32.518 as the next major structure.

DXY - The Dollar Index is maintaining its low and approaching a potential selling point below 105.071. We anticipate a fall through this level, continuing the downward trend. Analysts and investors view the economy with a dovish stance due to the slowdown, and upcoming data releases may further weaken the dollar, increasing rate cut expectations.

GBPUSD -The Pound is moving upwards, finding support above 1.27256 after breaking through this level. We expect the price to move towards 1.27938, with the Pound potentially gaining further strength against the dollar.

AUDUSD -The Australian Dollar has shown strength, breaking through 0.67142. Positive sentiment surrounding the AUD continues, and we expect further gains.

NZDUSD -The New Zealand Dollar is moving upward, buoyed by rate cut views not expected until late 2025. We await a break above 0.61408 for further confirmation of strength.

EURUSD - Despite uncertainties due to elections, the Euro is gaining demand against the dollar. We see further growth in this market, though we advise caution until election outcomes are clear.

USDJPY - The Yen is finding relief after soft data releases, trading consistently below 161.105. We wait to see if this signals the start of the Yens recovery.

USDCHF - The Swiss Franc continues to consolidate around 0.90054. We wait for further price action to see if CHF gains strength against the dollar, indicating further dollar weakness.

USDCAD -The Canadian Dollar has found strength, falling through 1.36328 and moving towards 1.35895. We expect this market to drop further.