Today's Expert Analysis

Market Overview

The global trade war has escalated dramatically as nations respond to the latest U.S. tariff policies. Canada has taken a firm stance, promising retaliatory tariffs and boldly declaring the end of U.S. economic leadership. European nations including the UK, Germany, Spain and Italy have universally condemned the measures, warning of damage to the global economy while pledging to protect their domestic interests. The situation has turned particularly confrontational with China, which has imposed sweeping 34% tariffs on U.S. goods and abandoned negotiation efforts entirely. In stark contrast, India has adopted a conciliatory approach, seeking bilateral agreements and emphasizing cooperation over confrontation. This divergence between China's aggressive stance and India's diplomatic strategy presents a real-time case study in how different approaches to trade conflicts may impact economic stability. The immediate effects are already being felt through rising prices, with more significant consequences expected to materialize in the coming months as businesses adapt to the new trade landscape. The escalating tensions underscore growing fragmentation in global trade relations and raise critical questions about the future of international economic cooperation.

Market Analysis

Gold is revisiting historical highs but hasn't confirmed a clear trend. While some profit-taking is happening now, inflationary pressure on the dollar could drive long-term bullish movement. Both MACD and RSI show bearish momentum, suggesting more short-term selling ahead.

Silver continues to trend lower, though recent signs point to consolidation. MACD hints at rising volume, and RSI is steady. A test of the EMA200 may come before any potential reversal.

DXY (Dollar Index) is hovering around the EMA200. While price action leans bearish, MACD and RSI show bullish signals. Its too early to call—more price movement is needed to confirm direction. The dollar remains a key driver across markets, but for how long？

GBPUSD The Pound is currently showing potential for more selling to continue, but the 1.27256 level is acting as effective support. The MACD shows an increase in selling volume, while the RSI is hitting high and shows potential for selling continuation. This suggests a higher chance of further bearish movement. However, we maintain a level of conservatism, as theres also a possibility that prices will test the EMA200 before continuing lower.

AUDUSD The Aussie dollar is currently consolidating near the lows while the MACD finds increasing bullish volume—although it still highlights selling volume, as the bullish increase fails to be reflected in prices. The RSI is also triggering overbought calls, showing increased bearish momentum. We anticipate a test on the EMA200 before a continuation sell, but we are looking for more selling opportunities.

NZDUSD The Kiwi is continuing to consolidate. The MACD, like the Aussie dollar, is showing more bullish volume despite slower price movement. We expect further selling in the coming days, as shown by both the RSI and the MACD, alongside overall price action respecting a bearish structure.

EURUSD The Euro is gaining. This is in line with expectations following the previous price consolidation. The possibility wasnt called for nothing. Prices are currently testing the EMA200 and are showing a strong chance of continuing bullish. However, the RSI is calling for overbought prices. The MACD is currently showing increased selling momentum. But the recent switches in the dots indicate potential for consolidation before continuation. The massive sell-off was also picked up by the MACD, and there is potential for it to continue, as indicated by the RSI. However, overall price action remains bullish. Thus, we continue to look for bullish opportunities.

USDJPY The Yen is currently showing increased bullish potential, with both the MACD and the RSI displaying stronger bullish momentum and volume. Prices are currently testing the EMA200, and depending on the reaction, we may see more buying. Although, overall price action is still bearish. Thus, we remain bearish until we see a clearer shift.

USDCHF The Franc is consolidating. The MACD is showing increased bearish volume, as reflected by the rise in buying volume despite prices remaining within the consolidation zone. The RSI is respecting consolidation barriers, indicating potential for prices to remain in range until a clear break of structure occurs. There is potential for prices to test the EMA200 before a continuation lower.

USDCAD The CAD is currently experiencing increased selling after testing the EMA200 and failing to break structure after multiple attempts. The MACD is showing increased selling volume, while the RSI has yet to fully reflect the bearish move. However, we remain focused on selling, as overall price action is very bearish.