Major Financial Event Happening Now

COT Report Analysis

AUD - WEAK (4/5)

GBP - STRONG (5/5)

CAD - WEAK (4/5)

EUR - STRONG (5/5)

JPY - STRONG (4/5)

CHF - WEAK (4/5)

USD - STRONG (3/5)

NZD - WEAK (4/5)

GOLD - STRONG (5/5)

SILVER - STRONG (5/5)

Market Analysis

GOLD - Gold prices followed expectations, pulling back from record highs while maintaining the broader bullish sentiment. The MACD remains stable in its selling momentum, though the anticipated sell-off has not fully materialized. The RSI signals increased selling pressure, which could persist in the coming days, driven by the stability of the US dollar following expectations of a potential rate cut later this year. Despite this, the overall bullish structure remains intact, suggesting further buying opportunities.

SILVER - Silver prices declined as gold weakened from historic highs, aligning with expectations and signaling a shift in momentum. We now anticipate further selling in the coming days, with the EMA200 acting as resistance. Both the MACD and RSI indicate increased bearish momentum.

DXY - The dollar has gained sufficient strength to break above 104.101, shifting overall price action to a bullish bias. This breakout may extend in the coming days as the RSI continues to gain bullish momentum. However, the MACD remains consolidated, reflecting a lack of significant volume to drive larger price movements.

GBPUSD - The pound has seen increased selling momentum after failing to break above 1.29966, leading to a drop below the previous higher low and reinforcing a bearish outlook. The MACD continues to move lower, while the RSI supports further bearish movement. As a result, we expect more selling opportunities in the coming days.

AUDUSD - The Aussie dollar has weakened against the U.S. dollar, and while the RSI and MACD indicate potential for further downside, price action remains within a broader range. We remain cautious and await a decisive break of structure before confirming a stronger directional bias. However, the outlook leans toward further selling.

NZDUSD - The Kiwi is showing increased selling pressure but remains some distance from confirming a complete trend shift. Prices have fallen below the previous upper zone and the EMA200, suggesting a potential move to test 0.56859. The MACD remains consolidated, while the RSI shows increasing bearish momentum. We continue to monitor for a clear break before confirming a sell bias.

EURUSD - Despite recent declines, prices have not yet broken the lower boundary. A further drop is possible in the coming days, but the lack of volume is reflected in the MACD, which remains within a consolidation range. Meanwhile, the RSI is showing stronger bearish momentum, supporting expectations of further selling.

USDJPY - Japans private sector activity contracted for the first time in five months, with the manufacturing downturn extending for the ninth consecutive month and services activity also turning negative.

The BOJ held its policy rate at 0.5%, opting for a cautious stance amid global economic risks, particularly the potential impact of higher U.S. tariffs.

As expected, the yen weakened against the dollar, leading to a rise in USD/JPY. The MACD reflects increased buying volume, though the RSI remains range-bound. With the RSI approaching overbought levels, we may see a short-term retracement before a continuation of the bullish move.

USDCHF - The franc remains in consolidation, with no clear directional bias. Both the MACD and RSI indicate range-bound conditions, making it too early to call a breakout. We remain patient for further confirmation.

USDCAD - The CAD remains within its established range. Given the lack of clear direction, we continue to focus on broader U.S.-Canada fundamentals before making any calls. Until further developments emerge, we remain cautious.