Flash Analysis: What's Shaking the Markets?

GOLD

GOLD prices are edging higher as the August 1st tariff deadline comes closer. The effects of uncertainty brought by President Trump‘s trade wars are taking a toll on the Dollar. Adding to this was last week’s data, which showed cooler-than-expected inflation (CPI and PPI). This has increased the chances for Federal Reserve rate cuts to occur, as concerns over the inflationary impact of Trump's policies proved less than expected. Technically, the MACD and the RSI are showing us increased momentum and volume for a bullish continuation. There is a higher chance for the market to continue bullishly in the coming days, as the price action has also completely shifted to a bullish structure. Thus, we will look for more buying opportunities now.

SILVER

Prices are currently testing the previous high point. The MACD and the RSI are carrying more momentum and volume to push prices higher. There are now more chances for the price to continue bullishly in the coming days. We will look for more buying opportunities in this market.

DXY

The Dollar has recorded losses since yesterday, possibly shifting the overall market momentum this morning. The MACD and the RSI are recording more bearish volume and momentum, showing increased chances for a sell continuation. We will look for more selling opportunities in the coming days.

GBPUSD

The Pound is currently rising due to the weakness in the Dollar. The price is about to shift the overall momentum back to buying if it successfully passes through the 1.34998 resistance level. The EMA200 is now acting as support for this sudden rise. Until a clear break is found and a continuation is seen, we will maintain our overall bearish expectations. The MACD is seeing more bullish volume, while the RSI is also looking to continue bullishly as it rises from previously oversold levels.

AUDUSD

The Aussie Dollar is currently on the EMA200, looking to continue trading lower. The MACD and the RSI are also following through with this expectation as they maintain a consolidation. There is a chance for the market to continue lower in the coming days as it finds increased selling momentum and volume. We do take note of the U.S. Dollar being slower and weaker at the moment and that this price might shift at any time. Thus, we will continue to remain aware of how it will progress.

NZDUSD

The Kiwi is currently trading on the EMA200 and the 0.59796 support level. The MACD is currently recording gains for bullish volume, and the RSI is indicating oversold levels. There might be an immediate call for gains in the coming days, but until we find a clear break in the overall structure, we will remain bearish.

EURUSD

The Euro is currently finding increased buying momentum, failing to continue its bearish trend despite the previous attempt to push prices lower. The MACD and the RSI are recording gains for bullish momentum and volume. There is an expectation for prices to continue bullishly in the coming days, but until we find a clear market shift in price action, we will still look for selling opportunities at key resistance.

USDJPY

The Yen is currently finding increased chances for selling [in USD/JPY] as both the RSI and the MACD reflect gains in bearish momentum and volume. The strength of the Yen is coming from the political uncertainty following the ruling coalition's loss in the recent Upper House election. The market is now waiting to see how this will turn out and what the policies of a new government might be. This current strength, combined with the broader weakness in the Dollar, is taking prices lower.

USDCHF

The Franc's strength is not uncalled for, as it continues to show increased appeal. The MACD and the RSI are also positioned for more selling [in USD/CHF] as they reflect growth in bearish momentum and volume. We expect prices to sell off more in the coming days, but until we find a clear break in the overall market structure, we will remain bearish on the pair.

USDCAD

The CAD has found strength against the Dollar [USD/CAD is falling] after its previous poor performance. The MACD and the RSI are recording increased bearish momentum and volume. There is a higher chance for prices to continue bearishly as the pair now tests the overall shifting point. If it continues lower, we will expect a continuation of the downtrend.