πGermanyβs economic outlook gets a boost!
ZEW Economic Sentiment moves back into positive territory, while the Current Situation index shows continued weakness.
Mixed signals for traders
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Gold rally continues β¨
Geopolitical risks ease, oil watches the headlines, and the Fed remains in focus.
The next move could be interesting π
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π¨ #WTI drops below $79.00 as oil markets react to easing supply concerns.
US-Iran deal hopes push crude to three-month lows as traders watch the next move. π
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Gold bulls back in control π₯
XAU/USD pushes above $4,300 as falling oil prices shift rate expectations.
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π Key data watch: UoM Consumer Sentiment
Markets looking for clues on:
β consumer strength
β inflation expectations
β Fed outlook
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#EURCAD is approaching a key demand zone.
Looking for a buy limit entry from the order block area.
π Buy Limit: 1.61463
π Stop Loss: 1.61299
π― Take Profit: 1.61780
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π₯ #Silver remains under pressure, but traders are watching closely for a potential bullish reversal. A rebound toward $67.00 is still on the table if buyers regain control, while $61.80 remains a key downside.
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β οΈ USD Core PPI on deck.
Markets are watching closely for clues on inflation and future Fed policy. Volatility could pick up across major USD pairs and Gold.
π Previous: 0.4%
π Forecast: 0.5%
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π #EURJPY Buy Idea
Support respected
Higher lows forming
Resistance under pressure
Watching for bullish continuation toward the next target zone.
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Gold holds around $4,100 as traders monitor US-Iran tensions and inflation data. Geopolitical risks remain supportive, while Fed rate expectations saw only a modest increase.
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