DBG Markets: Market Report for Jun 25, 2025

Market Analysis

GOLD

GOLD prices have risen from the lows after coming just shy of the bottom of the boundary. The price action has already shifted bearish on a short-term basis, but we have to watch for developments in the Middle East. While the technicals of price are very important to navigate trading decisions, it is relevant that we give more consideration to the Fundamentals revolving around the conflicts right now, as this makes up most of the market sentiment. There will be a lot of noise in the markets—proven by how the supposed larger drop from yesterday was cut short. Prices have regained some strength and are reaching for the EMA200.

SILVER

SILVER prices are still little changed. While the candles from last night almost pushed prices lower, the price has not moved away from the consolidation zone. We expect further consolidation to continue in the coming days and see potential for prices to find further buying, as the overall price action maintains a bullish sentiment.

DXY

The Dollar is finding increased chances for a bearish continuation, as we previously called. This came after talks of a ceasefire happened. However, the conflict possibly flaring up again, with both parties going against the terms they‘ve set, might bring the sentiment for safe-haven assets back up—as we’ve already seen reflecting in the GOLD prices.

GBPUSD

The Pound has risen significantly, as we initially called, due to the shift in market sentiment. However, it is important to note that while the increase in price levels is enough to shift our momentum back to buying, it is still stuck in a consolidation. While prices are above the boundary, they failed to go beyond the previous high point. It is too risky to call it a complete shift and break of structure. We will wait to see further buying, which is not a far-off possibility as both the MACD and the RSI follow through with this bias in the market. Thus, all we can do is wait to see how it will progress.

AUDUSD

The Aussie Dollar has returned back into its consolidation zone after the strength gained was realized in the prices. However, we can see that prices are currently held back despite rising beyond the EMA200. At this point, it can go anywhere, from further buying to selling. The best we can do is wait to see how it will progress in the coming days. The MACD is seeing increased buying volume while the RSI is also following through with bullish sentiments.

NZDUSD

Like the Aussie Dollar, the Kiwi is watching and waiting to see how the markets will progress, getting stuck in a consolidation after its strength has been realized. The MACD and the RSI are finding increased buying momentum and volume. Thus, the chances for further buying to continue are high. While the overall price action has shifted bullish, it is important to note that the prices are currently still within the consolidation zone.

EURUSD

The Euro is currently finding increased selling momentum and strength, with prices testing 1.16110. The MACD, however, is seeing increased bullish volume while the RSI is also calling for increased bullish momentum. Thus, there are more chances for prices to continue buying in the coming days.

USDJPY

The Yen's strength continues, albeit slightly muted and slow. Prices [on USD/JPY] have gone under the EMA200 and have shifted the overall price action back to selling. However, with the recent developments in the markets, it is important to note that sentiment might shift the overall running of prices. Thus, all we can really do is wait to see how the Middle East progresses. The MACD and the RSI are also calling for an increase in bearish momentum and volume. The BoJ has reiterated that any rate hikes would depend on economic projections being realized, stressing an accommodative stance amid global risks. On the trade front, Japanese negotiator Ryosei Akazawa is reportedly preparing for a trip to the US around June 26 to press for the removal of US tariffs.

USDCHF

The Franc has dropped significantly [USD/CHF fell], gaining massive strength over the Dollar. This came to realization as we expected, as prices maintained an overall bearish structure. The MACD and the RSI are still signaling an increased bearish momentum and volume. Thus, we will continue to look for more selling opportunities. Not to mention, if the US fails to control the situation, there is a chance that even in a Risk-off scenario, the Franc will stand as a better alternative to the Dollar.

USDCAD

The CAD maintains its weakness [USD/CAD is rising], and the bullish structures are respected. We can see prices hopping off the EMA200 and the boundary. There is a chance for prices to continue bullishly in spite of some Dollar weakness against other currencies. We will wait to see how it will progress, but the MACD is possibly rising further. The RSI is also finding chances to indicate overbought levels. We anticipate further buying to continue in the coming days.