DBG Markets: Market Report for Mar 19, 2025

Market Analysis

GOLD - GOLD prices are currently experiencing increased bullish momentum following yesterday's trading. The MACD remains bullish, while the RSI is nearing overbought levels. Although the market is seeing strong upward movement, there is potential for a retracement ahead of the Federal Reserve's rate decision. Depending on Chair Powells comments on the state of the economy, we may see shifts in the markets.

SILVER - SILVER prices have followed expectations, remaining consolidated despite GOLD's higher prices. This helps maintain its role as an effective hedge against inflated GOLD prices. We anticipate another upward move alongside GOLD but will wait for further confirmation.

DXY - The dollar is extending its consolidation while forming a structure that suggests a continuation of the bearish trend. While the MACD lacks conviction for a clear direction, the RSI indicates growing bearish momentum. We anticipate further selling in the coming days, though this outlook may change based on Chair Powells comments.

GBPUSD - The Pound lacks the strength to push above 1.29966. We anticipate further growth in the coming days but will wait for more confirmation before taking action. The MACD reflects increasing bullish volume, despite exaggerated bearish signals, while the RSI remains sideways but has identified the previous higher swing low as oversold.

AUDUSD - The Aussie dollar has retraced from its recent high and is currently testing 0.63407. This pullback comes ahead of the Federal Reserves rate decision. The MACD indicates increased selling pressure, while the RSI suggests normalization of the selling momentum. Despite this, our overall outlook remains bullish, as the broader price action structure continues to support upward movement.

NZDUSD - The Kiwi remains close to 0.58166. While the MACD has shifted to a sell signal, it still reflects increased bullish volume. The RSI has also signaled oversold conditions, suggesting a higher probability of further bullish movement. We continue to look for buying opportunities in the coming days.

EURUSD - The Euro is experiencing increased bullish momentum, having broken above the previous highest swing point. While the market anticipates further buying, sentiment remains cautious ahead of the Federal Reserves decision. The MACD remains consolidated, while the RSI has flagged the previous swing low as oversold, indicating growing bullish momentum. We continue to seek buying opportunities while remaining mindful of potential consolidation at higher price levels.

USDJPY - The Yen is showing increased bullish movement as prices bounce off key levels. However, both the MACD and RSI fail to reflect this price action, suggesting continued consolidation. We await the Bank of Japans rate decision for further clarity.

USDCHF - The Franc remains bearish but could serve as an alternative safe-haven asset if uncertainty surrounding the dollar increases. Prices are seeing continued selling momentum, supported by both the MACD and RSI. Given the overall price action, we maintain a bearish outlook for the coming trading sessions.

USDCAD - The CAD has performed as expected, showing no significant movement and remaining within its broader consolidation zone. We remain watchful of market developments and anticipate further CAD weakness in the coming days.