DBG Markets: Market Report for Mar 28, 2025

Market Insights

GOLD - GOLD prices rose as expected, making a clear breakout from the consolidation zone after the MACD and overall price action signaled a continuation of the uptrend. While the RSI did not indicate a strong momentum shift, price action remained in line with the bullish structure. GOLD is now setting new all-time highs and may continue doing so in the coming days, especially amid rising global trade tensions. Additionally, heightened geopolitical risks in the Middle East—particularly U.S. military action against the Houthis in Yemen, which directly pressures Iran—could further drive demand for safe-haven assets like GOLD.

SILVER - SILVER prices followed GOLDs lead, seeing increased buying pressure. While the market performed even better than expected, it still aligned with our broader outlook for continued bullish movement. The MACD is steadily increasing in buying volume, and the RSI is stabilizing in bullish momentum. We anticipate further gains in the coming days.

DXY - The Dollar is showing signs of extended consolidation. Prices stagnated after yesterdays session, while GOLD surged to significant levels, signaling hesitation and doubt regarding the U.S. economy. This suggests that institutional investors may be seeking alternatives to hedge against dollar risk. The MACD is increasing in bearish volume, while the RSI is normalizing its downward momentum. We expect further selling in the coming days but remain cautious until a confirmed shift occurs.

GBPUSD - The Pound has gained as expected following yesterdays bounce. The larger consolidation zone remains intact, likely in anticipation of further developments around the April 2 tariff deadline. However, both the MACD and RSI indicate growing bullish volume and momentum. A potential breakout to the upside is on the horizon. Until that happens, we will hold off on any major directional trades and focus on range-bound opportunities within the consolidation.

AUDUSD - The Aussie Dollar remains stagnant, showing no significant market developments. As expected, consolidation is extending, and we will wait for more price action before making any calls.

NZDUSD - The Kiwi continues to consolidate. Our previous outlook remains unchanged as we await a clearer market breakout. While the MACD suggests potential bearish volume growth, the RSI indicates oversold conditions, suggesting the bottom boundary could push prices back up.

EURUSD - The Euro has followed expectations, testing the EMA200 before showing selling potential. However, the RSI is stabilizing, and the MACD hints at a possible increase in buying volume, though the muted market movement suggests uncertainty. While a shift back to buying within the consolidation is possible, we remain bearish as long as overall price action respects the downward trend.

USDJPY - The Yen continues to strengthen, breaking above 150.883. A stronger-than-expected Tokyo inflation report has increased expectations for a Bank of Japan rate hike as early as May, which could further support the Yen. We will monitor how this development impacts prices. The MACD and RSI both reflect increased bullish momentum, supporting a continuation of the uptrend.

USDCHF - The Franc remains consolidated, and our previous analysis stands. We are holding off on any calls until a clearer market direction emerges.

USDCAD - The CAD also remains in consolidation, and we maintain our prior outlook. We will wait for further market movement before making any new assessments.