Investment News for Today's Markets

GOLD - Gold prices rose after geopolitical tensions escalated further. More on that in the following analysis. ANZ Research analysts noted, “Investors are also preparing for U.S. inflation data, which should shed further light on the Fed's outlook for rates.”

Currently, prices have risen to the supply-demand zone. We expect more bullish movement to follow. Recent price action has unfolded as we anticipated. Its important to practice our systems properly to avoid being caught off guard by a sudden drop after big investors take profits and reposition before the significant news in September about rate cuts.

SILVER - Similar to gold, silver demand has increased, driving prices higher. As we expected, the price has now shown a potential break of the bearish structure, indicating a more bullish reversal. The price has moved above 27.725 and may continue to rise. The silver market is providing a steadier rise compared to gold gains.

DXY - The DXY has weakened amid economic concerns, escalating geopolitical tensions, social unrest, expectations of rate cuts, and uncertainty surrounding the elections. Investors are weighing the dollar‘s strength. We see consolidation remaining consistent after yesterday’s and last weeks trading, maintaining a range between 102.775 and 104.084.

Producer price figures, due later, will serve as an appetizer for the main inflation report on Wednesday, which could move markets as they feed into the core personal consumption expenditures (PCE) measure favored by the Federal Reserve. Forecasts predict a 0.2% rise in both the headline PPI and the core measure.

More important will be the consumer price report and retail sales for July, which could have a significant impact on whether the Fed eases by 25 basis points or 50 basis points in September.

GBPUSD - The pound shows no significant developments after yesterdays trading, other than reaching the top of the range, represented by the lime line at 1.27938. We expect further consolidation for this pair; however, a sudden escalation in West Asia could shift market expectations. Depending on how these tensions unfold, the pound may suddenly fall due to regional threats and investment insecurity.

AUDUSD - The Aussie dollar has not shown any significant movement as demand for safe-haven assets returns. We might see a sudden turnaround in demand for the market, leading to falling prices, depending on how the current consolidation develops. However, the current price action still shows a bullish structure.

NZDUSD -The Kiwi is showing a squeeze in price action, leading us to anticipate a potential explosion in price movement soon. The movements in the Kiwi appear more readable and bullish in structure. The market has also returned to trading above the major structure at 0.59796.

EURUSD - The Euro is stagnating, showing similar behavior to the pound as investors monitor potential escalations in West Asia. Additionally, issues regarding the elections in France, postponed by the Olympic Games, remain unresolved.

USDJPY -The Yen is stagnating around 146.512. We continue to monitor how prices will develop in this market, with no changes from yesterdays reading. The Yen has dropped significantly since the start of the quarter, showing considerable movement. The structure remains very bearish, but the Yen is expected to gain more strength. Although the BOJ has stated it will take a cautious approach to rate hikes, it seems to have no intention of stopping them. With this in mind, we expect a stronger Yen to enter the market, possibly driving pairs stronger as a safe-haven asset.

USDCHF - Not much has changed in the CHF, with the price failing to breach above 0.87041, further supporting our expectations of a bearish Franc. Our readings remain unchanged from yesterday. Similar to the Yen, the Franc gained considerably against the dollar. However, last weeks trading showed a return in demand for the dollar, pushing the price back up. While we see the potential for a slide below 0.87041, the overall technical reading of the market remains bearish, and we continue to view it as such.

USDCAD - The CAD remains steady between 1.37435 and 1.37261. We are watching how markets will move current price levels, but our expectations remain consistently bullish for the Canadian dollar as markets price in an increase in oil prices reaching $80 per barrel.