Today's Top Financial News

Market Analysis

GOLD - GOLD prices rose as expected, reaching $3,000/oz by the end of last week. The momentum followed a significant drop in consumer confidence to 57.9 from an expected 63.1, signaling concerns about the US economy and potential job losses. PPI fell by -0.1%, contrary to expectations of 0.3% growth, while CPI dropped to 0.2%, negatively impacting the dollar and driving up GOLD prices.

The rise was also supported by Trump's tariffs and ongoing geopolitical tensions, including U.S. actions in Yemen and recent Israeli strikes in Gaza.

We anticipate continued buying after a potential consolidation phase, though the MACD and RSI indicators remain bullish. Despite some signals of increased selling, the current price movement appears minimal and lacks conviction.

SILVER - SILVER prices are also showing increased consistency in their bullish trend. As expected, SILVER has followed GOLD's upward movement. We anticipate continued bullish momentum in the coming days. However, we remain cautious about how the markets will develop, as there is a chance that consolidation may extend or even lead to a retracement. The MACD is moving sideways, and the RSI is following a similar pattern.

DXY - The Dollar is currently experiencing increased consolidation, and the MACD is failing to show a clear direction. Despite GOLD's surge, this was not solely due to dollar weakness but rather a shift by investors seeking alternative hedges against the dollar. Even though the dollar has remained relatively stable, we have observed other markets being used as a hedge against the risk of a rising dollar. We expect a continued decline but are awaiting Chairman Powells remarks on a potential rate cut this Wednesday. His comments will provide clearer insight into how markets will move in the coming days. Overall price action remains bearish, so we continue to look for selling opportunities.

GBPUSD - We will hold off on any calls for this market, as it is still respecting bullish structures. We are waiting for a clearer break before making any moves.

AUDUSD - While the Aussie dollar is strengthening, rising geopolitical tensions and trade wars create the possibility of a sudden reversal. Until we see a more definitive break, we will remain cautious. However, both the MACD and RSI indicate increased momentum and volume growth in buying activity, suggesting further bullish movement in the coming days.

NZDUSD - The Kiwi is currently experiencing stronger bullish movement than the Aussie dollar. This may reflect how China is responding to U.S. economic pressure. One potential factor driving this strength is China's increased trade with other partners, such as New Zealand, which supports the Kiwis growth and strengthens its economy. The MACD and RSI confirm increased momentum and volume in buying, while price action has broken through the upper zone. We expect continued bullish movement in the coming days.

EURUSD - No changes will be made to our Euro outlook. We will withhold further comments until a clearer break in either direction emerges.

USDJPY - Yen prices remain pressured after losing ground to a stagnant dollar. The price briefly moved above the zone but stayed below the previous lower high, reinforcing our selling bias. We are waiting for a clear break downward, but since the price remains above the EMA200, there is potential for further buying. The RSI is showing oversold levels despite a smaller sell-off, while the MACD is beginning to signal increased buying potential. Although the market remains at high price levels, the rising volume of buying suggests possible further gains.

USDCHF - The Franc has the potential to rise further. We observe ongoing tests of the EMA200, although it has yet to break above this level. Overall momentum remains bearish, as the prevailing market structure continues to respect downward trends. The RSI and MACD are currently providing no clear signals. We will wait for further price action to determine the next move.

USDCAD - The CAD is currently experiencing increased selling momentum and is showing potential to strengthen further against the dollar. However, as we previously noted, it remains stuck within a larger consolidation zone. We are waiting for a definitive break before making any calls on this market.

COT Report Analysis

AUD - WEAK (5/5)

GBP - STRONG (5/5)

CAD - WEAK (5/5)

EUR - STRONG (55)

JPY - STRONG (5/5)

CHF - WEAK (5/5)

USD - STRONG (55)

NZD - WEAK (5/5)

GOLD - STRONG (3/5)

SILVER - STRONG (5/5)