DBG Markets: Market Report for Apr 02, 2025

Market Insights

GOLDGold continues to hold firm despite heavy selling pressure, signaling strong bullish momentum. The MACD reflects increasing buy volume, while the RSI nears overbought levels, suggesting possible short-term consolidation. Trumps upcoming tariff announcement will determine whether gold extends its rally or slows down.

SILVERSilver remains bullish above 33.5028, testing the EMA200. However, overbought RSI levels and rising bearish momentum on the MACD indicate possible near-term selling. If gold rises further, silver is expected to follow.

DXY (US DOLLAR INDEX)The dollar is consolidating, with a bearish structure still in place. A potential breakout depends on how markets react to tariff announcements. Until then, we maintain a bearish bias.

GBP/USDThe pound remains range-bound, with no clear signals from the MACD or RSI. We are on hold until a clearer trend emerges.

AUD/USDDespite recent weakness, AUD/USD is shifting bullish, breaking above the EMA200. The MACD is gaining bullish volume, and the RSI suggests continued upside potential.

NZD/USDThe Kiwi is experiencing strong buying momentum but remains in a broader bearish trend. Testing the EMA200, the pair could move lower unless market sentiment shifts.

EUR/USDThe euro consolidates as momentum slows. The MACD shows rising bearish volume, but price action remains stable. A bullish breakout is possible if momentum improves.

USD/JPYThe yen is steady, waiting for direction. The MACD is neutral, and the RSI suggests possible sideways movement. Any shift in U.S. policy could influence the pairs next move.

USD/CHFThe Swiss franc remains in consolidation. No trade setups until clearer market direction emerges.

USD/CADCAD continues its range-bound movement. Increased bearish volume suggests further weakness, especially if the U.S. imposes new tariffs on Canada. For now, we remain neutral.