Latest Market Insights

GOLD - Gold remained at 2401.779 as we anticipated, waiting for the release of data later today. We continue to wait to see how the price will move from here on out. We do anticipate a bullish run.

SILVER - The market for silver has prices still consolidated at 29.018. We can expect the price to remain at this level, and we expect it to move bullish soon. We wait for further price action later after the data release.

DXY -The dollar index is seen rising before the data release later. We continue to anticipate a fall and a failure to pass through 104.607. We wait to see how the price will react to this new level.

GBPUSD -The dollar is seen to be gaining strength as it wins against the pound, taking prices under 1.29100. We continue to anticipate the price to fall from here, and we see the pound winning after the data release, in anticipation of rate cuts.

AUDUSD -The Aussie dollar's weakness is evident with price sliding with no resistance toward 0.66145. We are unsure how this market will react to news and rising expectations of rate cuts. We will react to how the market will move instead of anticipating.

NZDUSD - The Kiwi dollar is seen sliding in abundant weakness. We see the price reach 0.59400. Similar to the AUD, we are unsure how exactly this market will react to the data release. It is very possible that this market will only fall more after a sudden rise. However, it is better to react to price movements with indicators and one's system than to anticipate fundamentally.

EURUSD -The Euro is seen losing against the dollar, sliding toward a little under 1.08543. We will react accordingly to market movements as we continue to anticipate a bullish run upon the release of data. This fall and slide may be the big traders taking out their trades to reposition themselves.

USDJPY -As expected, we can see the yen gaining strength after what seemed like a technical recovery. With that said, it is possible that we may have seen the peak price for this quarter. We may now see a continuation of the fall in price from where it is, especially after the data release.

USDCHF - The price has broken above 0.88886, trading toward the middle of the range. 0.89431 may hold prices down, but we continue to wait to see how the market will run after the data release.

USDCAD -The CAD's weakness is evident in price as the market reaches 1.37881. There is a possibility for the price to continue moving upward to push the price bullish. However, we will wait to see how the price will react upon the data release.

COT Reports Analysis

CAD - WEAK (5/5)

CHF - WEAK (5/5)

GBP - STRONG (5/5)

JPY - STRONG (2/5)

EUR - STRONG (5/5)

AUD - STRONG (5/5)

USD - STRONG (4/5)

SILVER - STRONG (3/5)

GOLD - STRONG (5/5)