The Latest Market Buzz

Market Overview

Australian wage growth remains static at 0.8%, lagging ten basis points below the forecasted increase. With the FEDs inflation report due tonight, market sentiment could pivot based on its outcome. The "Trump trade" boost points to enhanced domestic production and import restrictions from expected tariffs.

As of now, CMEs FedWatch Tool puts the probability of a December quarter-point rate cut at 60%, down from 84% a month ago.

Market Analysis

Gold - Gold continues bearish, with the MACD showing resilience in a minor bullish pullback. However, the trend may stay negative as tariff-driven inflation fears support a stronger dollar.

Silver - After rebounding from yesterdays low, selling pressure remains dominant, though RSI and MACD hint at short-term bullishness.

DXY - The dollar gains traction as investors hedge against Trumps policy risks. Selling pressure may persist until the CPI report sheds light on inflation trends.

GBPUSD - Bearish movement persists with few resistance points. A short-term pullback is possible depending on CPI results.

AUDUSD - Despite divergence suggesting a possible lift, AUDUSD broke lower, with consolidation likely pending CPI clarity.

NZDUSD - As the Kiwi aligns with RSI divergence, it faces potential short-term gains amid overall bearish momentum.

EURUSD - Continued weakness expected, despite minor pullback signals from MACD and RSI.

USDJPY - The Yen holds its upward momentum, with indicators favoring further buying.

USDCHF - Swiss Franc shows mixed signals; though initially bullish, indicators point to a possible pullback.

USDCAD - With CADs pullback potential increasing, CPI data could be a decisive factor in maintaining its buying momentum.