Today's Market Insights

GOLD -In anticipation of the imminent attack against Israel, gold has aggressively moved in the last couple of hours during Monday trading. Analysts and investors are booking profits to reposition themselves better in the market. We see gold as a very bullish market and expect a sudden push beyond its previous highest point upon an Iranian attack.

SILVER - While silver looks bearish at the moment, we still call this market bullish as fundamentals are certain to move it sooner rather than later. With investors booking profits, we will continue to use our system to react to price movements in the chart and not anticipate much, as we are unsure when the rise will occur for this market.

DXY - The dollar breaks under 102.775, and we expect the dollars weakness to continue as conflicts increase in gravity. We know that the dollar will fall further in anticipation of the September rate cut. However, we do expect a short pause soon to allow investors to reposition themselves and book some profits. Although the geopolitical tensions in the Middle East negatively affect this market, we expect further sales to happen.

GBPUSD -The pound is not finding any direction, and as we expected, the market is consolidating due to weakness in both economies. However, in the UK, turmoil is causing people to riot—burning cars and attacking the police in the process. More on that tomorrow.

AUDUSD - The Aussie dollar is gaining better than the US dollar as RBA cut expectations are pushed back to November. However, we will have more on that later after RBA rates are released later today.

NZDUSD -Kiwi news is yet to be released and is set for Wednesday. However, the price has moved aggressively towards 0.58538 and back to 0.59796. We must stay away from this market in the meantime and anticipate further weakness to come into this price.

EURUSD - Euro weakness is evident in the market, further strengthened by the shifting of buyers to sellers in the COT reports. We may find the Euro break above 1.10361 as tensions in West Asia also affect them and their economy.

USDJPY - Investors are looking into the Yen as a safer alternative to other currencies. With that said, we continue to anticipate a strong Yen and a drop in this specific market.

USDCHF -The CHF is also a safer alternative for traders and investors in an uncertain market environment where high risk is involved in many trades. With that said, we can see a clear buying of the CHF. We expect this market to drop further in anticipation of a stronger CHF.

USDCAD - The CAD gaining strength is not uncalled for as everyone starts to notice the changes in the Middle East—when oil supply disruptions will be evident. With that said, we expect oil prices to rise soon, which may increase productivity for the CAD and push its currency price up.

COT Report Analysis

CAD - WEAK (5/5)

CHF - STRONG (1/5)

GBP - WEAK (1/5)

JPY - STRONG (3/5)

EUR - WEAK (2/5)

AUD - WEAK (5/5)

NZD - WEAK (5/5)

USD - WEAK (1/5)

SILVER - STRONG (3/5)

GOLD - STRONG (3/5)