Global Economic Signals

MARKET ANALYSIS

GOLD

GOLD is currently holding near its lower boundary and the EMA200, following some losses experienced yesterday. Both the MACD and RSI indicators show increased bearish movement and strong bearish momentum. However, as long as this lower boundary holds, we will not call for a price shift and will continue to look for bullish opportunities. For now, we are watching for a potential bounce off this structural level as an entry point to buy the market.

SILVER

SILVER prices are currently showing increased bullish movement. The bounce off the EMA200 indicates growing appreciation, and the MACD shows a notable increase in bullish volume. However, the RSI is rapidly approaching overbought levels. Nevertheless, we will await a clear break above the recent high before taking action, to gain more certainty about the market's direction.

DXY

The Dollar is showing increased strength, surprising many after initial fundamental signals. This rise follows improved U.S. consumer confidence and President Trumps decision to delay a 50% tariff on the EU, easing trade tension concerns. European leaders are asking top companies to outline their U.S. investment plans before trade negotiations. Upcoming details from the recent FOMC meeting may provide further insights. Prices are testing the EMA200, with the MACD showing bullish volume and rising RSI momentum. However, we still hold bearish expectations, as the market respects existing selling structures.

GBPUSD

The Pound is currently experiencing increased selling momentum and volume, as evidenced by both the RSI and MACD indicators. There is a high probability that prices will reach the EMA200 and react at this significant level. We will continue to look for bullish opportunities despite the current price decline, as the overall market momentum remains bullish.

AUDUSD

The Australian Dollar is currently testing the 0.64427 level and the EMA200. While it has dipped below the EMA, prices continue to respect the bullish structure, having failed to break below 0.64086. As long as this level holds, we will maintain our search for overall bullish opportunities. The RSI is indicating overbought levels, leading us to assume a potential rise in bearish momentum. The MACD also shows increased bearish movement. We will await further price confirmations before acting.

NZDUSD

The Kiwi has priced in the losses following the RBNZ rate cut, and subsequent growth is attributed to a positive economic outlook as inflation targets are met. Further growth is expected in the coming months, bolstering confidence. The central bank has also signaled scope for further reductions to support an economic recovery currently clouded by U.S. tariffs. The RBNZ now forecasts the cash rate will decline to 2.92% in Q4 2025 and to 2.85% in Q1 2026. The RSI and MACD are showing increased buying momentum and volume. We anticipate further buying opportunities in the coming days.

EURUSD

The Euro is showing signs of continued consolidation within its established zone, unable to break the previous high. Prices are testing the EMA200, and we'll closely monitor this for direction. The RSI indicates normal selling momentum, while the MACD shows suitable selling volume. However, this could just be a retracement before a potential upward continuation, as the overall price action remains bullish.

USDJPY

The Yen weakened as the U.S. Dollar gained strength, with the MACD and RSI indicating strong bullish momentum for USD/JPY. BOJ Governor Kazuo Ueda mentioned that trade negotiations with the U.S. are creating uncertainty and reaffirmed the central bank's readiness to adjust monetary policy to meet inflation targets. Finance Minister Katsunobu Kato stated that they are monitoring bond market conditions. On Tuesday, the Yen and Japanese government bond yields fell sharply due to reports of potential cuts in super-long-term bond issuance, raising concerns about Japan's long-term economy. Despite this, the outlook for the Yen has shifted to bullish, leading to opportunities for buying.

USDCHF

The Swiss Franc is testing the EMA200 but has yet to signal a shift in overall market momentum. The RSI shows a normalization of buying pressure and is now indicating increased bullish momentum. The MACD also reflects a healthy increase in buying volume. Therefore, we will remain watchful of its progress, as its movement is largely dependent on the Dollar's strength, given the Franc's role as a key alternative.

USDCAD

The Canadian Dollar (CAD) is testing the EMA200. The price reaction at this level will determine whether it continues lower or moves higher. However, as long as prices respect the overall bearish structure, we will not call for a shift and will continue seeking bearish opportunities. The RSI indicates strong upward momentum, while the MACD reports growth in bullish volume.