Gold's 365-Day EMA Streak Since Oct 2023 Faces Its First Real Test at $3,980 — Break or Bounce to $4,140? 
With Iran and the US signing a peace deal, where does that leave Benjamin Netanyahu? 
How Donald Trump has changed the way diplomacy is done 
Today’s space race could turn fatal if we don’t agree on new rules 
Trump’s Iran Strategy: What Has Been Achieved After Three Months of Conflict? 
How AI prompting turned writerly description into an everyday skill 
Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat 
Sell the Bounce": Gold Rally Stalls Near $4165 as Fed Hawks Slam the Door on Rate Cuts — Targets $4000/$3600 
World Cup technology: from ref cams to AI analysts, cutting-edge research is changing the game 
 - EconoTimes)
Commodity pairs (AUD, NZD, & CAD) as a pact better than the majors as rate outlook improved. A chart and table is attached for explanation.
- Aussie is struggling to hold on to its gain made over the rate hold by RBA earlier today however the pair has recovered its losses completely. Nevertheless could face resistance as RBA kept rates on hold but maintained the dovish bias. Tomorrow's GDP data is the next focus. The pair is trading at 0.782. Immediate Support lies at 0.767 & Resistance 0.792.
- Kiwi still continuing its short range looking for a queue for further movement. Pair is trading at 0.753. No major event risk ahead the pair might continue the sideways with bullish bias. Pair is currently trading at 0.754. Immediate Support lies at 0.742 & Resistance 0.762.
- Canadian dollar has gained over the positive GDP data and awaits the policy decision tomorrow. It is widely expected that BOC to hold rates steady. GDP grew at 2.4 percent in the fourth quarter compared to a previous 3.2 percent but well above market expectation of 2 percent. Currently trading at 1.245. Immediate Support lies at 1.235 & Resistance 1.272.
|
AUD |
0.32% |
|
NZD |
-0.16% |
|
CAD |
0.31% |
