Market Updates for Today

GOLD -GOLD has consolidated as expected, returning to 2510.304. We are waiting for further price action to confirm the continuation of the rising trend, but we continue to expect an increase in price.

SILVER -SILVER has held steady at 29.900, awaiting enough momentum before the rate cut to push prices beyond this level. Currently, we anticipate SILVER to remain bullish.

DXY - The Dollar has stayed afloat since last weeks decline. Major traders have booked profits to position themselves for better selling opportunities ahead of the rate cut in a week. We assume that this week will remain stagnant until prices reach acceptable levels or trigger a sudden move.

GBPUSD -The Pound has consolidated with minimal movement since yesterdays trading. We continue to expect price movements to show a bullish bias.

AUDUSD -The Aussie Dollar remains strong as USD weakness persists in the markets. We expect the price to continue its bullish trend, with no changes from yesterdays reading.

NZDUSD - No changes in the reading for the Kiwi. Prices remained up despite weaker trading yesterday. We might see some action later today or this week, but we remain focused on controlling risks.

EURUSD -The Euro has remained elevated, although prices have stagnated since yesterday‘s trading. We continue to anticipate an upward movement soon, with no changes from yesterday’s reading.

USDJPY - The Yen has retracted the most out of all its peers following the recent drop. However, we still see the Yen as bearish due to USD weakness, though some factors may contribute to a slowdown in this market's trading.

USDCHF - The Franc has maintained its strength, as even yesterday‘s correction did not significantly move prices in the Dollar’s favor. We have no changes from yesterdays reading and continue to look for bearish opportunities in this market.

USDCAD - The Loonie is showing strength earlier than expected, with prices pushing down despite the slight Dollar recovery seen in other pairs. With that in mind, we see progress in oil prices as tensions escalate in the Middle East. More on that in tomorrows analysis.