Dear Valued Clients, Recently, we have identified instances of fraudulent activities where individuals are misusing the name of MC Prime to conduct scams via unofficial websites. To address this issue and protect our clients, we hereby make the following statement: <ol class=" list-paddingleft-2"><li>MC Prime’s only official website is: <a aria-label="連結 https://www.mc-prime.com/" id="menur9sr" href="https://www.mc-prime.com/" rel="noreferrer noopener" target="_blank" class="fui-Link ___1q1shib f2hkw1w f3rmtva f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1s184ao f1mk8lai fnbmjn9 f1o700av f13mvf36 f1cmlufx f9n3di6 f1ids18y f1tx3yz7 f1deo86v f1eh06m1 f1iescvh fhgqx19 f1olyrje f1p93eir f1nev41a f1h8hb77 f1lqvz6u f10aw75t fsle3fq f17ae5zn" title="https://www.mc-prime.com/">https://www.mc-prime.com/</a>. Please avoid trusting any other unverified links or websites.</li><li>MC Prime has not authorized any third parties to perform transactions or offer services under our name.</li><li>If you encounter any suspicious information or discover websites misusing MC Prime’s name, please immediately cease all interactions and report them to us through our official channels:</li><ul class=" list-paddingleft-2"><li>Customer Support Email: <a rel="noreferrer noopener" target="_blank">service@mc-prime.com</a></li></ul></ol><a rel="noreferrer noopener" target="_blank"></a><a rel="noreferrer noopener" target="_blank"> </a>To safeguard your funds and personal information, remain vigilant, verify the authenticity of communications, and steer clear of potential scams. MC Prime remains dedicated to monitoring and addressing fraudulent activities to protect our clients’ interests. Thank you for your understanding and cooperation!The MC Prime Team [12/12/2024]

Beware of Fraudulent Activities Using MC Prime’s Name

<span style="font-family: &quot;Times New Roman&quot;, serif; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap; font-size: 16px;">Developed by Magic Compass Limited, MC Prime is a professional CFD trading platform, offering you a seamless and empowering trading experience in various markets, such as cryptocurrencies, forex, commodities, indices, and more. In this blog, we&#39;ll explore the key advantages that set MC Prime apart and why it&#39;s the ideal choice for both novice and experienced traders.&nbsp;<span style="font-size: 11pt; font-family: &quot;Times New Roman&quot;, serif; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">&nbsp;&nbsp;<ul style="padding-inline-start: 48px;" class=" list-paddingleft-2"><li><span style="background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; text-wrap: wrap; font-size: 18px;">High Leverage</li></ul><span style="font-size: 11pt; font-family: &quot;Times New Roman&quot;, serif; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">One of the most significant benefits of trading with MC Prime is the platform&#39;s high leverage options. Leverage allows traders to control a large position with a relatively small initial outlay so that they can amplify their market exposure and potentially maximize their profits. With MC Prime, you are able to leverage up to 1:1000. For example, you can reap the gains on 1000 stocks while putting down the price of just one stock. However, it&#39;s important to note that high leverage also amplifies risks, and MC Prime emphasizes the responsible use of leverage to manage risk effectively.&nbsp;<span style="font-size: 11pt; font-family: &quot;Times New Roman&quot;, serif; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">&nbsp;&nbsp;<ul style="padding-inline-start: 48px;" class=" list-paddingleft-2"><li><span style="background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; text-wrap: wrap; font-size: 18px;">Zero Commission and Low Spreads</li></ul><span style="font-size: 11pt; font-family: &quot;Times New Roman&quot;, serif; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">MC Prime&#39;s commitment to providing a transparent and cost-effective trading environment is evident in its zero-commission structure and low-spread offerings. By eliminating commissions, you can enjoy a more favorable entry and exit price, ultimately enhancing their overall trading profitability. Additionally, MC Prime&#39;s low spreads, starting from 0 in RAW account and from 0.2 in standard account, ensure that you can minimize the impact of market fluctuations on their trades.&nbsp;<span style="font-size: 11pt; font-family: &quot;Times New Roman&quot;, serif; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"><img src="https://804483479.gieqd.com/cms/8bf12f8770914d3e9c43bf0d00c37f95_1718271183336.png" width="624" height="259" style="margin-left:0px;margin-top:0px;" title="null" alt="null"/><span style="font-family: &quot;Times New Roman&quot;, serif; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap; font-size: 12px; color: rgb(127, 127, 127);">*The above are account types that MC Prime provides to meet your strategy needs. <a href="https://www.mc-prime.com/login/?en" target="_blank">Register</a> for your account now.&nbsp;<span style="font-size: 11pt; font-family: &quot;Times New Roman&quot;, serif; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">&nbsp;&nbsp;<ul style="padding-inline-start: 48px;" class=" list-paddingleft-2"><li><span style="background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; text-wrap: wrap; font-size: 18px;">Regulatory Compliance and Multi-Device Access</li></ul><span style="font-size: 11pt; font-family: &quot;Times New Roman&quot;, serif; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">Ensuring the safety and security of its clients&#39; funds is a top priority for MC Prime. We hold licenses from 5 regulatory authorities, providing you with the peace of mind that comes with operating in a well-regulated financial environment. <a href="https://www.mc-prime.com/aboutUs/" target="_blank">Check our licenses here</a>. Furthermore, MC Prime&#39;s multi-device accessibility, including desktop, mobile, and tablet platforms, allows you to seamlessly manage your trades from anywhere, at any time.&nbsp;<span style="font-size: 11pt; font-family: &quot;Times New Roman&quot;, serif; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"><img src="https://804483479.gieqd.com/cms/f7bc554503174d6d8324effbbb22d745_1718271329296.png" width="624" height="123" style="margin-left:0px;margin-top:0px;" title="null" alt="null"/> <ul style="padding-inline-start: 48px;" class=" list-paddingleft-2"><li><span style="background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; text-wrap: wrap;">Robust Trading Tools&nbsp;</li></ul><span style="font-size: 11pt; font-family: &quot;Times New Roman&quot;, serif; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">To empower both novice and experienced traders, MC Prime offers a comprehensive suite of trading tools. This includes advanced charting capabilities, customizable indicators, and a user-friendly trading terminal. Additionally, our platform provides a free trading account where you can practice CFD trading with the real time market and test your idea without risking your capital. <a href="https://www.mc-prime.com/login/?en" target="_blank">Sign up</a> and start your practice today.&nbsp;<span style="font-size: 11pt; font-family: &quot;Times New Roman&quot;, serif; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">&nbsp;&nbsp;<span style="font-size: 11pt; font-family: &quot;Times New Roman&quot;, serif; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">In conclusion, MC Prime is a standout choice for traders seeking a secure, cost-effective, and feature-rich trading experience. With its high leverage, zero commissions, low spreads, regulatory compliance, and robust trading tools, MC Prime empowers you to navigate the financial markets with confidence. <a href="https://www.mc-prime.com/" target="_blank">Explore the platform</a> and unlock the full potential of your trading journey with MC Prime. <div><span style="font-size: 11pt; font-family: &quot;Times New Roman&quot;, serif; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

Elevate Your CFD Trading with Online Broker MC Prime

<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"><img src="https://804483479.gieqd.com/cms/788f88349f834600955aa6967c770ecc_1746704423473.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">June 2025 – MC Prime, a leading CFDs trading platform, will participate in the upcoming 2025 International Wealth Management and Financial Investment Forum (Macau), organized by <span style="font-size: 11pt; font-family: Arial, sans-serif; font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Money Weekly<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> and scheduled for June 7 at Studio City Macau. This prestigious event brings together top global brokers, trading experts, and analysts, providing a premier platform for industry networking and trend insights. <h2 dir="ltr" style="line-height:1.38;margin-top:12pt;margin-bottom:12pt;"><span style="font-size: 16pt; font-family: Arial, sans-serif; font-weight: 400; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Visit MC Prime at Booth A5</h2><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Come visit us at booth A5, where we will be showcasing our secure, stable, and user-friendly CFDs trading platform and presenting innovative trading solutions, along with our highly attractive IB (Introducing Broker) commission plan. We look forward to engaging with you and discussing how to achieve a balance between profit growth and risk management amid the volatile global markets. Event details are as follows:<ul style="padding-inline-start: 48px;" class=" list-paddingleft-2"><li><span style="font-size: 11pt; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; text-wrap-mode: wrap;">Date: June 7, 2025</li><li><span style="font-size: 11pt; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; text-wrap-mode: wrap;">Time: 10:00 AM – 4:30 PM</li><li><span style="font-size: 11pt; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; text-wrap-mode: wrap;">Venue: 3rd Floor, Studio City Macau, Macau</li><li><span style="font-size: 11pt; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; text-wrap-mode: wrap;">Booth: A5</li></ul><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The forum is expected to attract professionals from banks, insurance, securities, funds, forex, and futures, as well as family office representatives, high-net-worth individuals, leading media, and research organizations. Discussion will focus on international economic trends, asset allocation strategies, and the latest innovations in wealth management.&nbsp;<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">For those still considering attendance, Albert, MC Prime’s Global Business Development Manager, emphasizes: &quot;This forum is more than a financial gathering-it is a unique opportunity to connect directly with industry leaders, explore the latest innovations, and gain valuable insights. In an era of rapid market changes, being present at this event means being ready to seize new opportunities and drive sustainable growth.&quot; <h2 dir="ltr" style="line-height:1.38;margin-top:12pt;margin-bottom:12pt;"><span style="font-size: 16pt; font-family: Arial, sans-serif; font-weight: 400; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">About MC Prime</h2><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">MC Prime is a leading global CFDs trading platform, regulated by top-tier authorities including the Cyprus Securities and Exchange Commission (CySEC), the Seychelles Financial Services Authority (FSA), and the Mauritius Financial Services Commission (FSC). MC Prime is dedicated to providing investors and IB partners with excellent services and a superior trading environment, featuring:<ul style="padding-inline-start: 48px;" class=" list-paddingleft-2"><li><span style="font-size: 11pt; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; text-wrap-mode: wrap;">Competitive IB Commission Program: Flexible commission plans tailored to business volume, with comprehensive support such as event participation, exhibition assistance, and office resources.</li><li><span style="font-size: 11pt; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; text-wrap-mode: wrap;">Advanced Trading Solutions: Providing copy trading systems and multi-currency deposit and withdrawal services.</li><li><span style="font-size: 11pt; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; text-wrap-mode: wrap;">High Leverage and Low Trading Costs: Offering leverage up to 1:1000, zero commissions, and tight spreads, ensuring exceptional trading conditions.</li><li><span style="font-size: 11pt; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; text-wrap-mode: wrap;">Diverse Trading Products: Covering forex, indices, cryptocurrencies, stocks, precious metals, and commodities.</li><li><span style="font-size: 11pt; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; text-wrap-mode: wrap;">Multiple Account Types: Supporting MT5 Standard, MT5 Raw Spread, MT5 Cent, and MT4 accounts, providing flexibility to suit diverse trading needs.</li></ul>

MC Prime to Showcase at 2025 International Wealth Management and Financial Investment Forum (Macau)

From October 7-8, we participated at Forex Expo Dubai 2024, the region’s largest forex event. This year’s expo gathered over 160 companies and 18,000 attendees from 35 countries, including top brokers, traders, and financial institutions. As a Diamond Sponsor at Booth No. 140, we showcased our cutting-edge trading solutions and our Introducing Broker (IB) program to expand our network of partners. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">“The Forex Expo Dubai provided an excellent opportunity to engage with current and prospective IB partners. Our IB program features a highly appealing seven-level reward structure based on net deposits and trading volume, offering partners benefits such as spread rebates of up to $75 per lot and cash bonuses of up to $500,000,” said Albert Li, Head of Business at MC Prime.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">The IB program&#39;s launch garnered significant interest, with many attendees eager to join. Partners expressed enthusiasm not only for the financial incentives but also for the comprehensive marketing support and educational resources designed to drive growth and client engagement.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">As a leading Broker, we also highlighted our advanced trading services at the expo. The bustling exhibit provided attendees with hands-on access to MC Prime’s state-of-the-art trading platform, featuring over 200 trading instruments, leverage up to 1:1000, zero commissions, and low spreads. We further underscored our commitment to delivering a seamless trading experience, by showcasing multiple payment options, a MAM (copy trading) system, 24/7 multilingual customer support and more.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"><img src="https://804483479.gieqd.com/cms/5ff8e8220a494806a059b20093c30005_1729597963514.jpg" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">In recognition of our achievements, we were honored at the expo&#39;s awards ceremony, receiving the prestigious &quot;Prime Player in Forex Industry 2024&quot; title. This accolade recognizes our dedication to providing innovative trading solutions and our commitment to excellence in the forex industry.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">As we reflect on the success of the event, we look forward to deepening our collaborations, expanding our offerings, and driving growth for partners and clients, with a particular focus on the Southeast Asian market.<div><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

MC Prime Showcased IB Program at Forex Expo Dubai 2024

<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">From September 16 to 18, MC Prime will participate in iFX EXPO Asia 2024 at the Centara Grand &amp; Bangkok Convention Centre. This event brings together leading financial companies, trading experts, and brokers, offering a prime opportunity for the industry to network and exchange insights.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">About MC Prime<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">MC Prime is a leading CFD trading platform, regulated by top-tier authorities including the SFC of Hong Kong, CySEC, FSA Seychelles, FSC Mauritius, and Hong Kong Insurance Authority. We provide:<ul style="padding-inline-start: 48px;" class=" list-paddingleft-2"><li><span style="font-size: 11pt; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; text-wrap: wrap;">Competitive IB Reward Program: Tailored reward structures and a dedicated IB support team to help maximize our partner’s earning potential.</li><li><span style="font-size: 11pt; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; text-wrap: wrap;">Advanced Trading Solutions: Including copy trading, and flexible payment options from fiat to cryptos.</li><li><span style="font-size: 11pt; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; text-wrap: wrap;">High Leverage and Low Costs: Offering leverage up to 1:1000, zero commissions, and low spreads starting from 0 pips.</li><li><span style="font-size: 11pt; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; text-wrap: wrap;">Diverse Product Range: Access to Forex, Indices, Commodities, Cryptos, and Stocks.</li><li><span style="font-size: 11pt; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; text-wrap: wrap;">Multiple Account Options: Including the Standard MT5 Account, Basic MT4 Account, Raw Account, and US Cent Account.</li></ul><span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">Visit MC Prime at Booth #113<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">Come visit us<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">at Booth #113, where we will be showcasing our secure and efficient CFD trading platform. Our team will be available to discuss MC Prime’s cutting-edge trading solutions and competitive IB reward program, all tailored to meet the evolving needs of our clients.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">About iFX Asia 2024<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">This year’s iFX Asia Expo is set to be the largest yet, with over 3,500 attendees from 1,600+ companies. The expo floor will feature booths from leading fintech and online trading brands, offering visitors the chance to explore the latest in broker-specific solutions, including trading platforms, CRM, liquidity, paytech, and more. The event is free to attend and provides IBs and affiliates with the opportunity to meet top brokers face-to-face and discover partnership opportunities suited to their business needs.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"><span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"> Join Us at iFX Asia 2024<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;"> <a href="https://asia2024.ifxexpo.com/register" target="_blank"><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">Get your ticket for iFX Asia 2024</a><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">, and visit our booth #113. We look forward to engaging in in-depth discussions and exploring how MC Prime can support your trading and business goals.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">

Meet MC Prime at iFX Asia 2024 in Bangkok!

<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">MC Prime is excited to announce our participation as a <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Diamond Sponsor<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"> at the <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">7th edition of Forex Expo Dubai 2024<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">, taking place on <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">October 7-8<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"> at the <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Dubai World Trade Centre<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">. <h2 dir="ltr" style="line-height:1.38;margin-top:12pt;margin-bottom:12pt;"><span style="font-size: 16pt; font-family: Arial, sans-serif; font-weight: 400; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">Why Attend?</h2><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">The Forex Expo Dubai 2024 is one of the most significant events in the global forex trading industry, bringing together brokers, traders, investors, fintech companies, and financial institutions. Attendees will have opportunities to network with industry peers, learn from experts in insightful seminars, and even win exciting prizes!&nbsp;<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">This is the perfect opportunity to reconnect face-to-face, and we can&#39;t wait to show you what&#39;s new at our booth #140. <h2 dir="ltr" style="line-height:1.38;margin-top:12pt;margin-bottom:12pt;"><span style="font-size: 16pt; font-family: Arial, sans-serif; font-weight: 400; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">Visit Our Booth #140</h2><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">As a Diamond Sponsor, MC Prime will be showcasing our cutting-edge trading solutions, innovative services, and rewarding programs. Make sure to visit our booth to:<ul style="padding-inline-start: 48px;" class=" list-paddingleft-2"><li><span style="font-size: 11pt; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; text-wrap: wrap;">Explore Our IB Reward Program: Learn how our customized reward structures and dedicated IB support team can help you maximize earnings as our partner.</li><li><span style="font-size: 11pt; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; text-wrap: wrap;">Engage with Our Advanced Trading Solutions: Discover our MAM/Copy Trading System, flexible payment solutions, and more that streamline your business.</li><li><span style="font-size: 11pt; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; text-wrap: wrap;">Check Out Our Trading Accounts: Find the perfect account that fits your trading needs.</li><li><span style="font-size: 11pt; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; text-wrap: wrap;">Discover Our Latest Campaigns: See how our campaigns can help you trade with lower costs and enhanced benefits.</li></ul> <h2 dir="ltr" style="line-height:1.38;margin-top:12pt;margin-bottom:12pt;"><span style="font-size: 16pt; font-family: Arial, sans-serif; font-weight: 400; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">Join Us at Forex Expo Dubai 2024</h2><a href="https://register.theforexexpo.com/Reg/" style="text-decoration-line: none;"><span style="font-size: 11pt; font-family: Arial, sans-serif; color: rgb(17, 85, 204); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Get your ticket for Forex Expo Dubai 2024</a><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">, and visit our booth #140. We look forward to engaging in in-depth discussions and exploring how MC Prime can support your trading and business goals.

MC Prime Joins as Diamond Sponsor for Forex Expo Dubai 2024

Corporate Updates

<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US Stocks Fall into the Weekend on Tariff Threats - Nasdaq down 1%</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US stocks closed lower on Friday after President Trump threatened to push through 50% tariffs on the EU and 25% on Apple if they did not make iPhones in the US. The EU deadline has since been extended to July 9, but investors fear that there could be more tariff updates to come. The Nasdaq led the way lower on Friday, closing down 1%, followed by the S&amp;P and Dow, which lost 0.67% and 0.61% respectively. The dollar took a hit on the news, the DXY losing 0.77% to move down to 99.11, and Treasury yields eased in choppy markets, the 2-year flat at 3.991% and the 10-year ultimately losing 1.8 basis points to close at 4.511%. Oil prices pushed higher on news that talks between Iran and the US were not going well, Brent up 0.53% to $64.78 and WTI up 0.54% to $61.51, whilst the uncertainty across markets helped propel gold back to recent highs, up 1.83% on the day to close at $3,356.99 an ounce.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Gold Rallies to Long-Term Resistance on Tariff Comments</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Gold prices leapt again on Friday after President Trump threatened more tariffs on the EU, as investors once again placed trades into haven products. Market participants had started to feel that tariff volatility was pulling back as the US engaged in negotiations with various trading partners, and investors were hoping for more good news on the horizon. But comments from the President knocked that, and gold raced higher again. It peaked near the long-term resistance on the daily chart, which came in around the $3,350 region, and traders will now be poised for more moves in the coming days. Any further escalation of trade concerns is likely to lead to a break higher, which could once again target the all-time high; or, better news is likely to see it drop back into the range. Either way, it is unlikely that gold will remain trading at these levels for too long.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Quiet Calendar Day to Start the Trading Week</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">It looks like being a relatively quiet start to the trading week, with little on the event calendar to move markets and holidays in major centers that should see reduced volumes. There is little in the way of data releases across all three trading sessions today, although we are set to hear from some key central bankers. We have already heard from Fed Chair Jerome Powell today shortly before the Asian open, although he avoided any market-moving comments in a speech at Princeton University. We are due to hear from the German Buba President Joachim Nagel and ECB President Christine Lagarde during the European session today, which could see some moves in the euro. Traders will also be aware that both the US and UK markets are closed today, which will affect liquidity in the latter sessions of the day, and moves could be exacerbated, especially if more tariff updates hit the newswires.

Market Analysis - 26/05/25

<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Quiet Trading Day with US Markets Closed</h3><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Traders enjoyed a quiet trading day to kick off the week yesterday, as most investors used the bank holidays in both the UK and the US as an excuse to keep their powder dry. Most markets experienced relatively calm trading days in familiar ranges, despite an early update out of the US that they would now not look to impose additional tariffs on the EU until July 1. This news did give European bourses a lift, with the CAC up 1.21% and the DAX up 1.68%. However, we will have to wait until later today for the reaction in US indices. FX markets were open but kept to tight ranges, with the DXY easing 0.1% lower on the day to close at 98.99. Oil traded in muted ranges, Brent contracts down just 0.04% to $64.74 and WTI off 0.28% to $61.53, whilst Gold drifted off resistance levels to close down 0.30% at $3,342.79 an ounce.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Euro in Focus for FX Traders Today</h3><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Despite trading in a relatively quiet range yesterday, FX traders are expecting to see further moves in the Euro today after two positive updates over the last 24 hours. Donald Trump’s reprieve of another month on additional tariffs on the EU gave the single currency a shot in the arm early in trading yesterday, and comments from European Central Bank President Christine Lagarde in Berlin yesterday that the Euro could become the world’s reserve currency were also seen as supportive. The Euro is still trading nearly 200 pips below this year’s high, but a further push higher in the next few sessions could see it challenge those levels and break higher, with the key 1.2000 psychological level the next target. However, if we do see some dollar strength or the potential for those tariffs to be put in place by the US, then the EURUSD could pull back into recent ranges, with initial support now on the May low and hourly trendline at 1.1060.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Markets to Pick Up Pace Today</h3><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Traders are expecting markets to pick up pace today after a lacklustre few sessions yesterday, influenced by bank holidays in the Northern Hemisphere. The Asian session will see a strong focus on Japanese markets, with Bank of Japan Governor Kazuo Ueda scheduled to speak early in the day, with the Yen in particular focus given recent trade talks with the US and consequent volatility. There is little scheduled in the European session today, but investors are expecting to see a sharp increase in volatility as both the UK and US return to the fray. The New York session looks to have the propensity for moves across markets, with the first US data of the week due out early in the day. Durable Goods numbers (exp -7.6% m/m) and Core Durable Goods (exp -0.1% m/m) are out first, followed by the CB Consumer Confidence data (exp 87.1). We are also due to hear from some key central bankers during the session, including the Swiss National Bank’s Chairman Martin Schlegel and the Buba President Joachim Nagel.<div><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

Market Analysis - 27/05/25

<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Stocks Quiet as Investors Assess Tax Bill - Nasdaq up 0.3%</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US stock markets experienced another quieter day yesterday as investors continued to assess the government’s tax bill, which passed in the House of Representatives by just one vote. The Dow closed flat on the day, the S&amp;P edged just 0.04% lower, and the Nasdaq gained 0.28%. Treasury yields closed lower, the 2-year down 2.8 basis points to 3.991% and the 10-year down 7 basis points to 4.529%, whilst the dollar pulled back some of its recent losses, the DXY up 0.3% to 99.94. Oil prices dropped on a report that OPEC+ will look at further production increases in July, Brent down 1.40% to $64.00 and WTI off 0.60% to $61.20. Gold drifted lower over the course of the day, closing down 0.66% at $3,294.09.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">FX Majors to Break Out of Ranges</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Most of the major FX pairs have been stuck in relatively tight ranges for the last week or so; however, traders are not expecting them to last too long. With the exception of the USDJPY, the major currencies have been trading with much less volatility than we have seen over the course of the year, albeit near the lows in USD terms. The market is now waiting for the next catalyst to move them either into fresh ranges and to continue the recent dollar weakness trend, or to pull back into dollar strength. The likelihood is that updates on trade, which have been dominating FX moves in the last few months, will be the catalyst for those moves, with good news and reduced tariffs likely to result in dollar strength, and further tariff implementation and global trade disruption likely to see the dollar enter fresh downside regions.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Retail Sales Data in Focus Today</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Retail Sales numbers are in focus for investors today, and they will be getting close attention from analysts looking to see if tariffs across the globe have started to affect consumer sentiment. New Zealand Retail Sales data has already been released early in the Asian session, coming in well below expectations, printing 0.0% against an expected 0.9% q/q, but there has so far been little reaction in the Kiwi dollar. The focus will again be on the pound early in the European session with UK Retail Sales numbers due out; expectation is for a 0.3% month-on-month increase. The New York session will see the initial focus north of the border for Canadian Retail Sales data; the headline number is expected to show a m/m 0.2% increase, but the Core data a 0.3% decrease, and traders are anticipating good moves in the Loonie around the release. US New Home Sales are out later in the session, but once again, investors are expecting the newswires to provide more volatility.<div><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

Market Analysis - 23/05/25

<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US Markets Hit on Debt Fears - Dow Jones Down 1.9%</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US markets took hits across the board in trading yesterday as fears of more debt for the economy if President Trump’s tax-cut bill is passed continued to influence investors. All three of the major indices took substantial hits, the Dow leading the way, losing 1.91% on the day, with the S&amp;P and Nasdaq following in its wake, down 1.61% and 1.41%, respectively. The dollar also dropped, the DXY down 0.39% to 99.60, while Treasury yields again jumped higher, the 2-year up 4.9 basis points to 4.020%, and the 10-year up 11.2 basis points to 4.599%, pushing through the high in April. Oil prices dipped on news of fresh talks between the US and Iran, with both Brent and WTI contracts down 1.13% to $64.64 and $61.33, respectively, while gold pushed higher again, up 0.76% to $3,313.94 an ounce.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Gold Pushes to 1-Week High</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Gold pushed higher in trading yesterday to hit a 1-week high as investor concern increased on US debt, pushing the dollar lower against most products. Markets are looking for the next catalyst to propel products one way or the other, and as time pushes on, uncertainty increases, and safe-haven products like gold are becoming more and more attractive. Increased geopolitical issues in the last couple of days, including talk of Israeli strikes on Iran, have also seen flows pour into the world’s favourite precious metal, and traders are now looking to see if we will hit another all-time high again in the next few weeks. Gold is sitting 5% under the record high, and if it can break through trendline resistance around $3,375.00, then we could see a push for fresh highs yet again. Any pullback on US debt issues or news of trade deals would see haven flows exit and pull gold back into recent ranges.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">PMI Data in Focus for Traders Today</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">There is a raft of Flash Services and Manufacturing PMI numbers out today across all three trading sessions, which investors will be keen to see in light of recent trade updates. PMI data is due in Australia, France, Germany, the EU, the UK, and the US, and traders expect to see moves across markets on their release. The Asian session will also see a focus on Kiwi markets, with the Annual Budget due for release midway through the day, while the European session will see the focus on the PMI data as the numbers are released within the space of a couple of hours at the start of the day. The New York session will see the Weekly Unemployment Claims data released alongside the PMI numbers, with Existing Home Sales updates also due out. There will be a focus later in the day on Canadian markets, with Bank of Canada Governor Tiff Macklem speaking towards the end of the session at the G7 meetings.

Market Analysis - 22/05/25

<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US Stocks Slip in Quieter Markets - S&amp;P Down 0.4%</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US markets slipped lower in trading yesterday as investors awaited the next catalyst to drive markets. The S&amp;P broke a six-day winning streak to finish 0.39% lower, while the Dow and Nasdaq also lost ground, closing down 0.27% and 0.38%, respectively. The dollar fell against the majors in a choppy trading day, with the DXY down 0.42% at 100.02 by the end of New York. US Treasury yields were mixed, with the 2-year down 0.6 basis points to 3.971%, while the 10-year pushed higher, adding 4 basis points to move up to 4.487%. Oil prices were steady, with Brent up just 0.14% to $65.63 a barrel and WTI up 0.24% to $62.29. Gold jumped on market uncertainty and the weaker dollar to close up 1.84% at $3,288.87 an ounce.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Oil in Focus Again Today</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Oil has jumped back into focus in early trading today as reports hit the market that Israel has made plans to strike Iranian nuclear facilities. This comes fairly hot on the heels, last week, of news that the US and Iran may arrange Iran’s nuclear capability that could see sanctions lifted. WTI prices jumped 3.5% on the news through the $64-a-barrel level before settling back lower, but traders are anticipating more moves in the sessions ahead. Strong support levels for WTI now sit on the daily trendline levels and annual lows just above $55, with initial resistance coming in on the trendline just under $67 and the 200-day moving average at $69.60. Traders have been looking to sell rallies in the current environment, with global growth uncertainty and increased supply later in the year contributing to lower prices. However, more geopolitical issues that could hit supply may change that sentiment, and any breaks of resistance levels could see moves accelerate higher.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">UK Inflation Data in Focus Today</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">It is a quieter day ahead on the economic calendar for traders, and many are once again expected to keep a close eye on newswires for any geopolitical updates that could move markets. We have already seen oil pop higher early in the Asian session on news that Israel may be preparing for strikes on Iranian nuclear sites, and traders will continue to remain vigilant for any further updates. The main data focus for the day will come early in the European session, with key UK inflation data due out. Market expectation is for the headline year-on-year number to jump to 3.3% from 2.6% last time out, and traders are expecting to see some strong moves in the pound if there is any deviation from that print. The ECB Stability Review is out later in the session as well, which could see some moves in the euro, and later on in the day, we have scheduled speeches from Fed members Thomas Barkin and Michelle Bowman.

Market Analysis - 21/05/25

<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Markets Consolidate Ahead of Fresh Data – Nasdaq up 0.7%</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US markets consolidated in trading yesterday as investors digested all the recent trade updates and looked ahead to more data today. US stock indices were mixed, Dow Jones closing down 0.21% on the day, while S&amp;P 500 and Nasdaq recorded gains of 0.10% and 0.72%, respectively. US Treasury yields pushed higher to multi-month highs, the 2-year up 4.2 basis points to 4.059%, and the 10-year up 4.5 basis points to 4.556%. The dollar edged higher against the majors, and the DXY went up 0.05% to 101.05. Oil prices fell after recent big gains, Brent off 0.81% to $66.09, and WTI down 0.82% to $63.15 a barrel. Gold prices also resumed their recent decline, closing 2.15% at $3,177.55 on the day.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US Data Drop to Hit Fed Expectations Today</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">There is a plethora of US data releases due to hit the market today, all at the same time, and traders will be hoping for some consistency from the results that will help to lock in Fed rate cut expectations and give some direction for the dollar. Fed rate cut expectations have dropped considerably over the last month for any move at the next meeting in June, with only a 10% chance now being priced in, despite a slightly weaker CPI print earlier in the week. If today’s data aligns to show that the US economy is alive and well, then expect that number to decrease further and the dollar to gain more ground. Any significantly weaker prints could start to change the market’s mind and see losses for the greenback as rate cut calls increase.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Data in Focus Today Across All Sessions</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Investor focus will switch back to economic data today, with some key updates due across all three of the major trading sessions, and a big US data dump coming towards the end of the day. The focus in the Asian session will be on Australian markets again, with key employment data due out. The headline employment change number is expected to show a 21k gain in April, with the Unemployment Rate remaining steady at 4.1%. The European session will see UK markets in focus again as well, with the latest GDP number (exp 0.0% m/m, 0.6% q/q) the highlight of several data releases. We then have a big US data drop early in the New York day, with the latest PPI (exp 0.3% m/m), Retail Sales (exp 0.0% m/m), and Weekly Unemployment Claims (exp 229k) numbers all out alongside the Philly Fed (exp -9.9) and Empire State Manufacturing Index (exp -7.9) updates. Then, there will only be a 10-minute gap for traders to digest before we hear from Fed Chair Jerome Powell, which could have an even bigger influence on the market.

Market Analysis - 15/05/25

<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Stocks Surge on US–China Trade Deal – Nasdaq Up 4.35%</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Global markets surged in trading yesterday as China and the US agreed to pause tariffs for 90 days and drop reciprocal taxes by 115%. The three major US indices all surged higher to record their best days in over a month. The Dow rose 2.81%, the S&amp;P 3.26%, while the Nasdaq leapt 4.35% on the day. The dollar drove higher against all the majors, the DXY gaining 1.09% to close at 101.79, whilst treasury yields also spiked—the 2-year notably closing above 4% at 4.011% after adding 12 basis points, and the 10-year gaining 9.2 basis points to move up to 4.471%. Oil prices also jumped as demand hopes increased, Brent up 1.63% to $64.95 and WTI up 1.52% to $61.95. Gold prices slumped as haven flows pulled out, dropping 2.74% on the day to close out at $3,233.75 an ounce.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Tariff Relief, But Caution Remains</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Global markets surged higher yesterday, and US assets in particular got a big shot in the arm from news that tariffs would be paused for 90 days and reduced considerably. However, investors, traders, and businesses alike remain cautious in the current environment, where we have seen sharp turnarounds, particularly from the US side of negotiations in recent weeks. Markets will now look to try and price in yesterday’s updates in the sessions and days ahead to see just how much of a retracement of recent moves is warranted. That could come with further trade updates, as well as looking at the underlying fundamentals. So once again, expect geopolitical updates to continue to dominate short-term sentiment; however, we could see some strong moves if fundamental data starts to shift, and tonight’s US CPI numbers could be the start.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Economic Calendar Picks Up Today with US Inflation Numbers in Focus</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Geopolitical updates most certainly dominated market flow yesterday, and the impact of the US–China trade update looks likely to influence moves in the Asian session today, with little on the macroeconomic event calendar to distract traders. However, as we move through the trading day, the focus will switch, however short-term, to fundamental numbers, with some key data due out in the latter two sessions. The European session will focus on the UK market, with employment data due out. Claimant Count data is expected to come in around the +22K mark, with average earnings at 5.2% and the unemployment rate pushing up to 4.5%. Any significant deviations are likely to see strong moves in the pound. The data highlight of the week is set to come out shortly after the New York open, with the key CPI numbers scheduled. The headline month-on-month and Core month-on-month numbers are both expected to show a 0.3% increase, with the year-on-year number remaining steady at 2.4%. Later in the day, the focus will swing back to the UK, with Bank of England Governor Andrew Bailey speaking in Amsterdam.

Market Analysis - 13/05/25

<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US Markets Quiet After Downgrade – Dow Jones up 0.3%</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US markets experienced a relatively calm trading day yesterday as investors continued to digest Friday’s sovereign downgrade from Moody’s. The major indices all closed flat, with the Dow up 0.32%, while the S&amp;P and Nasdaq edged just 0.09% and 0.02% higher, respectively. The dollar and Treasury yields lost ground on the day, with the DXY down 0.54% to 100.36, while the 2-year fell 2.3 basis points to 3.977% and the 10-year lost 3 basis points to 4.447%. Oil prices eased higher, with Brent up 0.18% to $65.52, and WTI adding 0.37% to move up to $62.72 a barrel. Gold prices caught a bit of a bid as haven flows pushed back in on the back of the Moody’s news, rising 0.52% to $3,229.73 an ounce.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Dollar Back Under Pressure After Downgrade</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The US dollar came under pressure in trading yesterday as the FX market evaluated the latest knock to the US economy after Moody’s downgraded the US government’s credit rating late in the day on Friday. Adding to pressure on the greenback, trade tensions are starting to ratchet up again, with US Treasury Secretary Scott Bessent advising that ‘Liberation Day’ tariffs will be implemented on countries that do not negotiate in “good faith.” Safe haven currencies—the yen and Swiss franc—gained well on the day after gapping on the Monday open, and now traders will be awaiting further updates as we progress through the week. Anticipate more dollar weakness, especially against haven products, if trade talk continues to move south, with strong recovery rallies if more deals look on the cards. But again, it looks like volatility for the markets in the days ahead while uncertainty reigns.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Commodity Countries in Focus for Markets Today</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The macroeconomic calendar picks up significantly today, with some key updates due out of commodity countries such as Australia and Canada. The Asian session could be a busy one today, with the initial focus on China as they announce Loan Prime Rate updates, with both the 1-year and the 5-year expected to have a 0.1% cut. Later in the session, the focus will move south for the Reserve Bank of Australia’s latest rate call, where the market is expecting another 25-basis-point cut from 4.10% to 3.85%. There is little on the schedule in the European session today; however, the focus will be north of the border soon after the New York open, when key Canadian inflation numbers are released. Traders are expecting the CPI m/m number to show a 0.1% decrease, while the y/y Median stays at 2.9% and the Trimmed y/y remains at 2.8%. We are also set to hear from Fed members Barkin and Bostic later in the session.

Market Analysis - 20/05/25

<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US Stocks Rally into the Weekend - Dow up 0.8%</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">All three major US indices rallied into the weekend despite a surprise downgrade for the US from ratings agency Moody’s. The Dow led the way higher, closing up 0.78%, followed by the S&amp;P, which added 0.70%, and the Nasdaq, up 0.52% by the close. The dollar also drove higher again against the majors, the DXY up 0.32% to 101.09. Treasury yields initially dipped after the announcement but then pulled back to finish the day higher, the 2-year up 3.9 basis points to 3.999% and the 10-year up 4.5 basis points to 4.477%. Oil prices settled higher to lock in a second week of gains, although remaining at the lower end of the range, Brent up 1.36% to $65.41 and WTI up 1.41% to $62.49. Gold prices pulled back again, down 1.12% to close the session and the week at $3,202.29 an ounce.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US Data Largely Off the Cards for the Week Ahead</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">It is a week largely bereft of US data releases to come, and some investors will see this as an opportunity to step back and assess all the recent updates concerning the world’s biggest economy. There’s very little written about the US economy at the moment that does not include the dreaded ‘T’ word, and more tariff updates are likely to come this week. As we kick off this week, the trade side of the US economy equation is certainly looking better than it has in previous weeks, with deals set to be made with China, Europe, and Japan, to name a few, and one looking settled with the UK. However, data does seem to be on the turn, and investors will now be looking at how that balances out, which could see further volatility across all financial products in the days ahead.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Quiet Calendar Day to Start the Week</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">It is a quiet calendar day to kick off the trading week, although markets are expected to start on the back foot after the surprise downgrade of the US from Moody’s on Friday. The biggest potential data mover of the day comes early in the piece with a big data dump out of China midway through the Asian session. The highlights of the release will be Industrial Production data (exp. 5.7% y/y) and Retail Sales (exp. 6.0% y/y), with investors likely to be watching these numbers very closely as a measure of tariff impact on the Chinese economy. The latter two sessions are quiet in terms of data releases; however, we do hear from several central bankers, including Swiss National Bank Chairman Martin Schlegel, as well as Fed members Bostic, Williams, Jefferson, and Logan.

Market Analysis - 19/05/25

<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Stocks Mixed After Weaker CPI Data – Nasdaq up 1.61%</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US stocks experienced a mixed day in trading yesterday as CPI data came in weaker than expected. The Dow dropped lower over the day, losing 0.64%, but talk of an investment deal with Saudi Arabia helped bolster tech stocks, helping the S&amp;P to gain 0.72% and the Nasdaq 1.61%. The dollar fell against most of the majors after the data, the DXY losing 0.77% to 100.97, whilst yields edged lower, the 2-year down 1 basis point to 4.000% and the 10-year off 0.6 of a basis point to 4.465%. Oil prices continued to surge on trade news, Brent gaining 2.34% to move up to $66.48 and WTI up 2.78% to $63.67. Gold prices recovered some of the previous day’s losses, up 0.45% to close at $3,247.56 an ounce.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Gold in Focus as Trade Sentiment Turns</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Investors are now reevaluating their gold positions in light of the recent trade updates that indicate a full global trade war will probably be averted, and deals will be done on a jurisdiction-by-jurisdiction basis with the US. Gold has risen just shy of 38% since a low just after President Trump was elected, and despite recent pullbacks, it still sits at relatively elevated levels. Much of the push higher has come from a ‘flight to safety’ for funds as the new US administration looked to implement sweeping trade reforms. But now, as some clarity and only some creeps back into the market, traders are trying to assess how much of recent trade tensions had been priced into the market and therefore how much of a retrace we might see in the world’s favourite precious metal. We are now sitting around 7% off the all-time high, but many traders are now thinking that if the world trade situation stabilises more in the coming days and weeks, we could see further downside for gold. Short-term support now sits around recent lows at $3,200, with stronger support on the daily trendline level of $3,100.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Traders Focus Back to Geopolitics on Quiet Calendar Day</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Geopolitical updates are due to once again influence markets today, with little on the macroeconomic calendar to distract traders. The Asian market is likely to open on the front foot today after a good day on Wall Street, and trade optimism is still prevalent in the market. There will be an early focus on Australian markets, with the Wage Price Index out this morning (exp +0.8% q/q) ahead of tomorrow’s key employment numbers; however, the impact will be localised as the region looks at the bigger trade picture. We do have some updates from central bankers throughout the latter two sessions today, including Buba President Joachim Nagel and Fed members Waller and Jefferson, as well as the weekly US Crude Oil Inventory data, but again, investors are expecting trade updates to have the greater impact.

Market Analysis - 14/05/25

<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US Markets Mixed After Weak Data – Dow Jones up 0.65%</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US stock markets were remixed in trading yesterday after the PPI data release was much weaker than expected. The Dow Jones and the S&amp;P closed higher, recording 0.65% and 0.41% rises respectively, while the Nasdaq lost ground, closing 0.18% down. US Treasury yields reacted strongly to the weaker prints, with the 2-year dropping 9.2 basis points to 3.961% and the 10-year falling 7.8 basis points to 4.449%. The dollar edged lower against most of the major currencies, the DXY ending the day down 0.15% at 100.81. Oil prices took a hit after news of a US-Iran nuclear deal hit the wires, which could see sanctions eased, with Brent off 2.36% to $64.53 and WTI down 2.42% to $61.62 a barrel. Gold ultimately pushed higher in line with the weaker dollar, rising 2.01% to $3,240.87 by the close of the New York session.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Dollar Resilient After Poor Data</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The dollar remained relatively strong in trading overnight after poor PPI results out of the US hit the market. The data came in well below expectations, with the headline PPI number at -0.5% vs expected +0.3%, and the Core PPI at -0.4% vs expected +0.3%. Even though Retail Sales data, released at the same time, came in slightly higher, we would normally expect a stronger reaction for the dollar on those kinds of misses. There was an initial downside reaction in most of the major pairs, but except USDJPY, which finished the day down 0.89%, there wasn’t too much weakening in the dollar. Fed rate cut expectations have not changed much either, which could be one reason for the lack of depreciation in the greenback. Traders will be watching US data closely in the coming weeks, and further signs of weakening in the US economy will probably see bigger downside moves for the dollar.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Quieter Calendar Day to Close Out the Week</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Investors are expecting smoother trading conditions today to close out the week, with a relatively quiet macroeconomic calendar not likely to produce too many surprises. The Asian session will have a focus on Kiwi markets midway through the day, though, as Inflation Expectations data is due out. The market is expecting to see the quarterly number come in around the 2.06% mark again. There is no major data set to be released in the London session today; however, we do hear from the Swiss National Bank Chairman, Martin Schlegel, when he speaks in Lucerne, so we may see some added volatility in the Franc. The US session has the US Preliminary University of Michigan Consumer Sentiment (exp. 53.1) and Inflation Expectations (last 6.5%) numbers out before the calendar week is closed out with an update from the Fed’s Mary Daly.

Market Analysis - 16/05/25

<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US Markets Stable Ahead of Weekend Trade Talks</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US markets experienced a relatively quiet closing session of the week as investors looked ahead to key trade talks between China and the US. Comments over the weekend have led to a positive sentiment at the open today, but traders are eagerly awaiting details in the next few sessions. All three of the major US stock indices closed close to flat on Friday, the Dow losing 0.29%, the S&amp;P slipping 0.07%, and the Nasdaq finishing flat. The dollar edged lower on the index, the DXY finishing the day down 0.30% at 100.34, although it was mixed against the majors. Treasury yields were relatively quiet, the 2-year up 1.7 basis points to 3.891%, and the benchmark 10-year closed flat at 4.378%. Oil prices pushed higher in hopes that a trade deal could increase demand levels, Brent up 1.70% to $63.91, and WTI up 1.85% to $61.02, whilst gold gained 0.58% to close at $3,323.89 an ounce, although it has opened nearly 1% down in the Asian session this morning.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Traders Cautiously Optimistic on Trade Talks</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Investors will be paying very close attention to newswires in the coming trading sessions for updates on what have been touted as very positive trade talks over the weekend between China and the US. Both the US and China reported “substantial progress” over the two days of talks, and Asian markets have kicked off on the front foot today, although once again, traders are ‘cautiously optimistic’ in this environment as they have seen swift turnarounds in progress over the last few weeks. Details will now be all-important, with all market participants looking for substantially lower tariffs from both sides. With US tariffs standing at 145% and Chinese tariffs at 125%, a substantial reduction is expected from both sides. Expectations are for a joint statement to be released later in the day once the US session opens, and traders are anticipating that volatility will pick up substantially on any announcement.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Geopolitics Expected to Dominate a Quiet Calendar Day</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The macroeconomic calendar is very light on scheduled data releases today; however, traders are preparing for a lively few sessions ahead, with geopolitical updates likely to dominate sentiment. As above, the updates on ‘positive’ trade talks between China and the US over the weekend are likely to be the major focus for traders today. Although we do have some data and central bankers speaking, that could also influence moves. There will be a strong focus on Chinese markets today in the Asian session due to the trade talks, but we may also have the latest New Loans data being released during the session, with the market pricing in a 710 billion increase. There is little on the calendar in terms of data in the London or New York sessions, however, we do hear from the MPC’s Greene, Taylor, and Mann, as well as the Fed’s Kugler, during the day, which could see some moves in their respective markets.

Market Analysis - 12/05/25

<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US Markets Higher on Trade Optimism - Nasdaq up 1%</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US markets drove higher in trading yesterday as President Trump announced his first trade deal to the market. Overall market optimism increased as news of a deal between the US and the UK hit newswires. All three of the major US indices pushed higher—the Dow up 0.62%, the S&amp;P up 0.58%, with the Nasdaq outstripping them both to close up 1.07% on the day. The dollar and US Treasury yields all popped higher—the DXY up 0.78% to 100.62, whilst 2-year yields gained 9.8 basis points to 3.874% and the 10-year added 10.9 basis points to 4.378%. Oil prices surged higher on news of improving talks between the US and China—Brent up 3.37% to $63.18 and WTI up 3.77% to $60.26—whilst gold dropped 1.79% to $3,306.02 as haven flows pulled back.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Geopolitics Still Reigns Supreme</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Geopolitical updates and trade updates from the US in particular have dominated market sentiment for the last six months, and this week has been a great example of how much of an influence they are having on moves. We have had two key central bank updates this week, and the market moves around them have been largely overshadowed by tariff updates, and this pattern looks set to continue. The Federal Reserve Bank kept rates on hold, whilst the Bank of England cut rates, with both making strong references to tariff updates—the irony that the BOE cut rates on trade concerns literally hours before a trade deal was announced was not lost on many. However, markets had much stronger moves in the aftermath of trade updates on the newswires than on updates from major central banks, and that is concerning for some traders who feel that we will have more volatile conditions ahead until those factors are reversed.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Central Bankers in Focus Today</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Asian markets are set to open on the front foot today after positive trade updates from President Trump and the US administration helped to bolster markets overnight. There is little in the way of data scheduled today, although we do hear from a raft of central bankers, particularly later in the day. The main focus for the London session will be when we hear from Bank of England Governor Andrew Bailey, which will have a strong influence on sterling products, coming the day after the bank cut rates. The initial focus for the New York session will be north of the border when Canadian employment numbers are released shortly after the open; employment change is expected to show a 4k increase in jobs, with the unemployment rate pushing up to 6.8%. Later in the day, we are set to hear from a raft of Fed speakers, including Kugler, Goolsbee, Waller, Williams, Cook, Hammack, and Musalem, and anything significantly away from Wednesday’s FOMC meeting update could see some volatility in markets into the weekend.

Market Analysis - 09/05/25

<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US Stocks Push Higher After Fed Hold - Dow up 0.7%</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The major US indices pushed higher in trading yesterday after the Fed kept interest rates on hold. Jerome Powell advised that the Fed would maintain its ‘wait and see’ approach to the tariff impact. The Dow rallied 0.7%, the S&amp;P rose 0.43%, and the Nasdaq gained 0.23%. Treasury yields pulled back again, with the 2-year down 0.6 basis points to 3.776% and the 10-year falling 3.5 basis points to 4.269%. The dollar pushed higher against the majors, with the DXY up 0.68% to 99.9. Oil prices dropped as concerns increased that a US-China trade deal would be some way off, with Brent down 1.83% to $61.01 and WTI down 1.93% to $57.96. Gold pulled back nearly all the previous day’s gains, dropping 1.95% to $3,363.43 an ounce.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Federal Reserve Stays Firm</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The Federal Reserve Open Markets Committee held firm in the face of political badgering to keep interest rates on hold yesterday. Despite public criticism of the committee and his leadership from President Trump, Jerome Powell delivered the expected hold on interest rates that the market had been predicting, advising that they would continue with the ‘wait and see’ approach concerning the tariff impact on US data. Last week’s higher Non-Farms print indicated a resilient jobs market in the US, and many observers now feel that we will need to see a move higher in the unemployment rate before the Fed hits the button on the next rate cut. The market is now pricing in just a 20% chance of a cut at the Fed’s next meeting in June, with 60% still being priced in for July. However, traders will be watching US data closely, and if it does not start to show a weakening in the economy, expect those chances to be pushed out further.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Central Banks in Focus for Traders Today</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Central Bank rate updates will remain front and centre for traders today as they digest and react to the Federal Reserve’s latest update and assess what the Bank of England does later in the day. The Asian session has little on the schedule in terms of macroeconomic updates, so expect the reaction to the Fed to continue through that session. However, once Europe opens, expect focus to move to UK markets and the latest call from the Bank of England. The market is expecting to see a 25 basis point cut from the committee, from 4.50% to 4.25%, after inflation data dropped last month, and anything away from this will see strong moves in the pound. The US session will see further moves on the back of yesterday’s updates, but traders will also be paying close attention to the Weekly Unemployment Claims numbers, which are expected to print around 230k.<div><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

Market Analysis - 08/05/25

<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US Markets Dip Ahead of Fed - Dow Jones Down 1%</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US stock markets dropped in trading yesterday ahead of the key Fed rate decision as investors digested more comments from President Trump on tariffs. The President advised that the US would be putting fair numbers down on tariffs, raising concerns that there would be less discussion with trade partners. All three of the major indices fell: the Dow dropped 0.95%, the S&amp;P lost 0.77%, and the Nasdaq closed 0.87% down. Treasury yields dipped, the 2-year down 5 basis points to 3.783%, and the 10-year dropped 4.9 basis points to 4.294%. The dollar also lost ground against most of the majors, the DXY down 0.15% to 99.24. Oil prices jumped off multi-year lows on news of greater demand from Europe and China, Brent up 2.94% to $62.00, and WTI rose 3.43% to $59.09 a barrel. Gold drove higher again to threaten all-time highs ahead of the Fed, rising 2.34% to $3,430.02 an ounce.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Fed in Focus Today</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The Federal Reserve Bank will make its latest interest rate decision today, with the market fully expecting it to keep rates on hold despite demands from the Oval Office to cut them. The market is currently pricing in a 98% chance of rates remaining on hold, but we are likely to see volatility around the accompanying statement and the later press conference on when the next cut will come. The next meeting in June will likely be ‘live,’ with a chance of a cut coming then, currently priced in at around a 30% chance, with odds increasing to 60% for a July move. The message that we receive from Jerome Powell will be key later today, with any more dovish indications likely to see further pressure on the dollar, which is still sitting close to sensitive technical levels on most of the majors. If he remains relatively hawkish and stays with a ‘wait and see,’ data-watching approach, then we could see the dollar rally back into recent ranges.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Busy Day Ahead for Traders</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Financial markets traders are preparing for another busy day ahead, with geopolitical updates still a major influence on markets ahead of the biggest fundamental update of them all - the Federal Reserve rate call. We have already seen key data in New Zealand early in the Asian session, with the unemployment rate dropping from 5.3% to 5.1%, helping to push the Kiwi back towards annual highs. There will be a focus on UK markets early in the European session with Construction PMI data (exp. 46.0) due out, but the big market moves should come in the US session. The Federal Reserve Bank is due to make its latest rate call later in the day, along with its statement and the usual later press conference. However, some traders feel that comments from the Oval Office, both concerning the Fed and/or other trade comments, could have a bigger impact on the market.

Market Analysis - 07/05/25

<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Stocks Pull Back as Tariff Concerns Rise Again - Nasdaq Down 0.75%</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US stock markets pulled back in trading yesterday after their longest winning streak in two decades, as trade concerns increased after President Trump threatened more tariffs and investors looked ahead to this week’s Fed meeting. The Dow dropped 0.24%, the S&amp;P 0.64%, and the Nasdaq lost 0.74%. Treasury yields edged higher again, the 2-year up 0.8 basis points to 3.832%, and the 10-year gained 3.5 basis points to 4.342%, whilst the dollar fell against the majors, the DXY down 0.21% to 99.79. Oil prices hit multi-year lows as OPEC+ confirmed accelerated output increases, Brent off 1.0% to $60.13, and WTI down 1.90% to $57.18 a barrel. Gold jumped higher on haven flows, gaining 2.93% by the close to finish up at $3,333.26.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Black Gold Still in Trouble</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Oil prices dropped to multi-year levels in trading yesterday as OPEC+ delivered on well-telegraphed increased supply promises. Prices have been hit on both the demand and supply sides over the last few weeks and months, as trade tensions between the world’s two biggest economies in particular, and between the US and everyone else in general, threaten global growth and demand, whilst internal issues in the oil-producing world have led to production increases. OPEC+ members are increasing production and the rate of those increases to punish some other members which are already overproducing, and if this pattern continues, we should only see further downside for ‘Black Gold’. WTI found a short-term base just above the April low of $55.12, and if we see a break of that over the next few sessions, expect this move to pick up more momentum.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Markets to Remain Busy on Quiet Calendar Day</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The global economic calendar is relatively quiet today; however, traders are expecting to see more volatility across markets from geopolitical updates, especially in the Asian session, which saw big moves in some emerging markets yesterday. The Asian session has little on the calendar to excite traders, but growth concerns may weigh again to increase volatility. It is mainly third-tier data that is due out once Europe opens as well, although Swiss franc traders will be prepared for a scheduled update from Swiss National Bank Chairman Martin Schlegel when he talks in Zurich midway through the morning. The New York session is also relatively quiet today.<div><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

Market Analysis - 06/05/25

<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Markets Rally After Strong Jobs Numbers - S&amp;P up 1.5%</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US stocks rallied well on Friday after non-farm payrolls data came in stronger than expected, easing growth concerns. The Dow added 1.39% on the day, the S&amp;P 1.47%, and the Nasdaq finished up 1.51%. Treasury yields surged as traders pushed back Fed rate cut expectations to July, with the 2-year up 12.5 basis points to 3.824% and the 10-year up 9.1 basis points to 4.308%, whilst the dollar drifted, the DXY down 0.15% to 100.03. Oil prices fell to close out a tough week, down nearly 8%. Brent dropped 1.35% on the day to close at $61.29, and WTI fell 1.60% to $58.29. Gold traded in relatively tight ranges, ultimately finishing the day up just 0.06% at $3,240.08.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Jobs Numbers Push Fed Cuts Out</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Friday’s strong employment data out of the US has pushed Federal Reserve rate cut expectations out further, as they confirmed that despite growth concerns due to tariffs, US employers are still adding to staffing numbers. It is only a couple of days until the conclusion of the next Fed meeting, and those (including certain high-profile people in office) will be disappointed that we are very unlikely to see any move this month, currently just a 3% chance of a cut. However, there is still the possibility that we see something in June, with a 35% chance of a cut currently priced in, whilst July looks most likely for the next move, with those odds up to 55%. There is still a lot of water to come under the bridge before those meetings, and investors will now be looking at the message we get from Jerome Powell on Wednesday concerning the FOMC’s thoughts, which could push markets hard one way or the other.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Holiday-Thinned Markets to Kick Off the Trading Week</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Liquidity could once again be a bit of an issue on the first trading day of the week today, with some key financial centers having long weekends. The Asian session sees Japanese markets closed for both today and tomorrow, which will take a percentage of liquidity from the market, especially in the yen, which has been volatile in the last few days. And whilst there is no data scheduled for release, traders are expecting to see good moves after Friday’s data in the US. The London session will see the focus on Swiss markets, with key CPI data (exp. +0.2% m/m) due for release early in the session. However, liquidity will again be under question with UK markets closed for a bank holiday. The New York session has key US ISM Services PMI data out (exp. 50.2), with investors hoping for a good number to back up Friday’s jobs update.

Market Analysis – 05/05/25

<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Wall Street Pushes Higher Again – Nasdaq Up 1.5%</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US stocks pushed higher again in trading yesterday as both Meta and Microsoft reported strong earnings. The S&amp;P and Dow clocked up their eighth straight day of gains, rising 0.63% and 0.21% respectively, whilst tech stocks helped the Nasdaq finish up 1.52% on the day. The dollar pushed higher again against the majors, with the yen a notable loser, the DXY up 0.59% to 100.20. Treasury yields pushed back from recent lower levels, the 2-year up 9.6 basis points to 3.698% and the 10-year up 5.5 basis points to 4.217%. Oil also gained back some ground on news of more sanctions on Iran from the US, Brent up 1.34% to $61.88 and WTI up 1.77% to $59.21. Gold continued to drop lower, losing 1.44% on the day to close at $3,240.29.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Non-Farm Payrolls to Move Markets Today</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US Non-Farm Payroll data is due out today, and investors will be paying even closer attention to the number this month as it comes after weeks of tariff updates, and they are keen to see if the local market is reacting. Market expectation is for the headline number to show an increase of 138k jobs in the last month, with both the Average Hourly Earnings numbers and Unemployment Rate remaining stable at 0.3% m/m and 4.2% respectively. Any significant deviation from any of these key numbers will see a strong market reaction across markets. Wall Street has had a good run recently after being hit earlier in the month, but a significant weakening in the US jobs market could undo all of the recent work, whereas a strong print would indicate a resilient economy and could give the green light for further gains.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US Jobs Numbers in Focus for Markets Today</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">There is no doubt that the US jobs numbers will be the major focus for investors in today’s trading. However, there are another couple of data events scheduled, as well as the usual trade updates likely to hit the newswires. Asian markets will again be without Chinese liquidity today, but the initial focus will be on Australia, with Retail Sales numbers due out early in the session (exp 0.4% m/m). The London session will once again have a focus on European inflation data, with the EU Flash CPI Estimate (exp 2.1%) and Core CPI Estimate (exp 2.5%) due out before focus moves to the US and the big Non-Farms data. Australian markets will also be aware that Parliamentary Elections take place over the weekend, and any big surprises could lead to some gapping on the Monday open.

Market Analysis – 02/05/25

<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US Stocks Flat but Rally After the Bell – Dow up 0.35%</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US stocks recovered in trading yesterday to close near flat, but futures rallied after the bell on good earnings reports from both Meta and Microsoft. The Dow closed the session up 0.35%, the S&amp;P up 0.15%, and the Nasdaq dipped just 0.09%. The dollar gained back some of its lost ground again, the DXY up 0.49% to 99.63, whilst Treasury yields slipped again, the 2-year down 4.7 basis points to 3.603% and the 10-year down 1 basis point to 4.163%. Oil prices were smashed again to lock in the worst month for over three years, Brent down 3.37% to $61.15 and WTI down 3.66% to $58.72 a barrel. Gold also slipped again, losing 0.85% on the day to close at $3,287.72.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Investors Hoping We May Have a Smoother Month Ahead</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Some investors will be happy to see the end of what has been one of the most volatile months the market has seen for years. The major focus for markets over the course of the last four weeks has been US tariffs and President Trump’s back-flipping of proposed tariff levels and implementation plans that has left even the most experienced traders in a state of confusion. Traders are now hoping that the peak of tariff confusion is behind us and the next few weeks will bring more clarity to the market and allow for more informed investment decisions to be made. If we do start to get some trade deals completed in the near term, then expect optimism to creep back in, but if uncertainty and delays continue, we could see further downside across all products.<h3 dir="ltr" style="line-height:1.38;text-align: justify;margin-top:14pt;margin-bottom:4pt;"><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Choppy Calendar Day Ahead for Traders</h3><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">It could be a choppy day ahead for global markets today with several major financial centers closed for holidays and some major macroeconomic events scheduled. The Asian session has Chinese markets closed today, but the major focus will be on Japan, with the Bank of Japan due to deliver its latest rate call during the day. There is little on the calendar in the London session, with Germany, France, Italy, and Switzerland markets all closed for May Day holidays, which will see liquidity diminished and any moves exacerbated. The New York session sees more key data releases today, with the Weekly Unemployment Claims (exp. 224k) and the ISM Manufacturing PMI data (exp. 48.0) the highlights.

Market Analysis – 01/05/25

<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US Stocks Advance Again – Dow up 0.75%<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US stocks pushed higher in trading yesterday as investors continued to digest recent updates and look ahead to key earnings reports. The Dow led the way higher, closing up 0.75% on the day, followed by the S&amp;P and Nasdaq, which rose 0.58% and 0.55% respectively. The dollar gained some ground against the majors, the DXY up 0.16%, while Treasury yields fell again on increased hopes of a Fed rate cut—the 2-year off 4.3 basis points to 3.650% and the 10-year down 3.7 basis points to 4.172%. Oil prices crashed back to 2-week lows, Brent down 2.93% to $63.93 and WTI down 2.63% to $60.42. Gold also fell lower, down 0.77% on the day, to close at $3,315.63.<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Major Currencies Prepped for Big Moves<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">FX traders are preparing for a big few days ahead as key data out of the United States is due to drop, and many of the major pairs are sitting at key technical levels. The greenback has taken a huge hit in the last few weeks after President Trump’s ‘Liberation Day’ as tariff fears have dominated flow. However, fundamental data due out in the next few days could see those moves either corrected strongly or pushed even further. Most of the major currencies are now sitting, given recent volatility, close to dollar lows, and a succession of poor numbers out of the States—particularly in jobs numbers and inflation—could see those levels break and moves accelerate to the downside for the dollar. Stronger numbers could reassure markets that the US economy is still running strongly, pull back expectations of Fed rate cuts, and see majors pull back into recent ranges.<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Full Event Calendar Day Ahead for Traders<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The macroeconomic calendar is full of updates today that should see the market focus transfer to fundamentals, away from geopolitical updates. The Asia session kicks off with key data releases out of Australia and China scheduled at the same time. Australian CPI data (exp. 0.8% q/q and 2.3% y/y) and Chinese PMI data (Manufacturing exp. 49.7 and Non-Manufacturing exp. 50.6) both have the propensity to move their respective markets, and we could see some sharp moves if they miss expectations. There will be more focus on inflation once London opens, with German CPI data (exp. 0.3%) due out throughout the day on a state-by-state basis. But the real hits will come once New York opens, as we have a huge data drop in the US with ADP non-farms (exp. 114k), Advance GDP (exp. 0.2%), Employment Cost Index (exp. 0.9%), and the Core PCE Price Index (exp. 0.1%) all due for release during the session, as well as Canadian GDP data (exp. 0.0%).

Market Analysis – 30/04/25

<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US Stocks Quiet Ahead of a Big Week – Dow up 0.25%<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The three major US stock indices all closed near flat in trading yesterday as investors looked ahead to key economic data updates and earnings reports later this week. The Dow added 0.28%, the S&amp;P edged 0.06% higher, while the Nasdaq drifted 0.10% lower. There was some more volatility across other financial products; the dollar and Treasury yields took a hit as tariff concerns continued to weigh on sentiment. The DXY fell 0.69% to 98.92, while the 2-year Treasury yield dropped 5.5 basis points to 3.693%, and the 10-year fell 2.7 basis points to 4.208%. Oil prices tanked on demand concerns, with Brent off 1.72% to $66.72 and WTI down 1.76% to $61.91 a barrel, whilst gold found good buying interest to move back towards recent highs, up 0.47% to $3,342.60 an ounce.<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Oil to Remain Under Pressure<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Oil prices, alongside most financial products, have been volatile over the last few months and particularly over the last few weeks after Trump’s ‘Liberation Day’, and traders are expecting to see volatility remain higher in the medium term, even if we see a calming in other products. We have seen a good drop in oil prices in the last few months, and it does feel like forces are aligning to keep ‘black gold’ under pressure in the medium term. Certainly, tariff implementation and further threats have influenced global growth concerns, and oil is always one of the first to take a hit in those circumstances, but it is also under pressure from the supply side, with OPEC+ countries expecting a pickup in production increases in the next few months. We have seen over 30% wiped off the value of WTI since the start of the year, and unless we see some serious changes in overall market sentiment, expect it to remain under pressure for the foreseeable future.<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Economic Calendar Picks Up Today<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The global economic calendar starts to pick up today and then speeds up over the next few days, culminating in the key Non-Farms data on Friday. The Asian session is set to be fairly quiet today with little on the event calendar, and despite federal election results coming through from Canada in the session, the loonie is expected – and so far, has been – relatively quiet. It is also relatively quiet in the London session today, although euro traders will keep a close eye on Spanish Flash CPI data (exp. +2.0%) early in the day. Things should start to get interesting on the New York open, though, with the first of four major US jobs updates due out early in the session in the form of the JOLTS Job Openings data (exp. 7.48 mio). This is released alongside the CB Consumer Confidence data (exp. 87.4), with investors expected to monitor both closely for tariff influences.

Market Analysis – 29/04/25

<span style="font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US Stocks Rally into Weekend – Nasdaq up 1.25%<span style="font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US stock markets closed out last week on a positive footing as they rose again in trading on Friday, with optimism increasing again that trade deals will occur. The Dow edged just 0.05% higher by the close, but tech stocks helped to pull the S&amp;P up 0.74%, and the Nasdaq up 1.26%, to better levels. The dollar also edged higher against the majors, with the havens again hit the hardest, the DXY up 0.06% to 99.47. Treasury yields took a dip, the 2-year dropping 4.9 basis points to 3.748% and the 10-year off 8 basis points to close out at 4.235%. Oil prices pushed higher on Friday in quieter trading conditions, Brent up 0.48% to $66.87 and WTI up 0.37% to $63.02, whilst gold dropped on trade hopes, down 0.85% on the day to close out the week at $3,318.22 an ounce.<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap; font-size: 18px;">Magnificent 7 in Focus this Week<span style="font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap; font-size: 18px;"> <span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US stocks have experienced a strong rebound after suffering early in the month to recover nearly all of their losses on the indices; however, these moves will likely be put to the test in the coming days with some key members of the ‘Magnificent Seven’ due to report earnings. Microsoft, Meta, Amazon, and Apple are all due to update the market this week, and a consistent trend from these major players could see strong moves in the market. Last week’s results were generally mixed, and if that pattern continues, expect indices to remain bid on growth hopes; however, if we see a strong bias, either higher or lower, then this could set a new trend for the coming weeks.<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap; font-size: 18px;">Quiet Calendar Day to Kick off a Busy Week<span style="font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap; font-size: 18px;"> <span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">It should be another interesting week ahead for global financial markets, with many investors hoping that we see the focus moving away from pure trade talk and back over to fundamentals. Investors will likely use today’s trading sessions to assess the plethora of recent updates we have had to plan longer-term positions. There is little on the schedule for the first two trading sessions of the day, and it is a similar story in the US session, although Canadian Federal Elections will keep those north of the border on their toes if voting doesn’t go as planned. This does change as we progress through the week, with big US jobs, inflation numbers, and earnings reports due, as well as the Bank of Japan rate call, which could lift volatility again.<div><span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

Market Analysis – 28/04/25

US Markets Rally as Investors Look to Fed – Nasdaq up 2.7% US stock indices rallied well in trading yesterday as investors looked to the Fed for earlier rate cuts and earnings results delivered a mixed bag. Tech stocks led the way after Alphabet delivered a solid earnings report, with the Nasdaq closing up 2.74%. The S&amp;P added 2.03% on the day, while the Dow gained 1.23%. The dollar dropped after the previous day’s optimistic rally, with the DXY down 0.44% to 99.31, whilst Treasury yields fell on Fed comments hinting at a June cut—the 2-year off 7.4 basis points to 3.797% and the benchmark 10-year down 6.7 basis points to 4.315%. Oil prices moved higher on the back of the weaker greenback, with Brent up 0.64% to $66.54 and WTI up 0.84% to $62.79. Gold rallied 1.84% to $3,348.23 after its loss on the previous day. Markets Poised for Moves Either Side Markets seem to have hit a nervous patch in the last few days, with the initial euphoria from potential tariff reprieves replaced by tension about the details and timing of any moves. Investors are now craving certainty from the US administration on what tariffs will be implemented, with most now almost hoping for another ‘Trump Board Session’, similar to Liberation Day, where we are told exactly what the real tariffs will be. Many products are now trading in a ‘volatile limbo’ state, with flows still moving markets strongly due to recent volatility. However, most moves are lacking clear conviction, as the market still lacks certainty, but expect new trends to emerge in the near future when we do get more details on trade deals—with lower tariffs and more certainty likely to lead to more relief rallies. Data and Geopolitics to Dominate into the Weekend It looks like being another lively end to the week as traders face data updates throughout the trading day and remain glued to news screens for any fresh updates on global trade. The Asian session is due to start on the front foot after a good day on Wall Street, and focus will be on Japanese markets early in the day when key Tokyo CPI data is released—expected to show a hefty 3.2% year-on-year increase. The European session also looks busy, with UK Retail Sales data due out (exp. -0.3% m/m) and SNB Chairman Martin Schlegel due to speak. The New York session will see initial focus north of the border for Canadian Retail Sales numbers (exp. -0.4% m/m and Core -0.1% m/m) before dropping back south for any updates on tariffs and the University of Michigan revised data updates.

Market Analysis – 25/04/25

<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US Stocks Push Higher on Tariff Pullback – S&amp;P up 1.7%<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The major US stock indices enjoyed another good trading day yesterday as more good news came from the White House on tariffs. President Trump advised that China may have a new tariff rate within the next two or three weeks, and investors responded positively. The Dow gained 1.07%, the S&amp;P 1.67%, and the Nasdaq jumped 2.50%. The dollar also had another positive day, with the DXY up 0.34% to 99.82, with haven currencies again on the receiving end. Treasury yields were mixed, the 2-year up 7.4 basis points to 3.871%, and the 10-year down 2 basis points to 4.381%. Oil prices fell on a report that OPEC+ will increase production further, with Brent down 1.97% to $66.11 and WTI down 2.20% to $62.27. Gold took another hit as more haven selling hit the market on the more positive sentiment, down 2.92% on the day to $3,287.63 an ounce.<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Dollar Bounces Again on More Trade Optimism<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The US dollar gained back some of its recent huge losses in trading again yesterday as calmer heads seem to be prevailing in the US government with regard to trade tariffs, as well as the pullback on threats to fire Fed Chair Jerome Powell. The dollar index (DXY) has sunk over 6% this month and over 11% from peak to trough on the year, and still looks under pressure from a technical perspective. It has rallied just over 2% in the last couple of days after recent updates, but traders feel that the next few days could be pivotal with regard to its medium-term future. A solid Federal Reserve Bank that has been resolute in rate cut expectations should lead to strength for the greenback, and an easing of tariffs should have the same effect. Whereas any further angst against the central bank or implementation of strong tariffs should see it fall further.<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Geopolitics Still in Focus Today<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The Asian session should start the day on a positive footing again after Wall Street had another strong day on much more optimistic headlines with regard to tariffs. There is little on the schedule to affect that momentum in the first trading session of the day, and investors will be hoping that the relative euphoria continues. It is a similar story in the European session today, with just the German IFO Business Climate data due out, although this is expected to have dropped from last month’s reading – down to 85.1 from 86.7. The New York session does have some key data due out, with the Weekly Unemployment Claims numbers expected to print 222k and Durable Goods showing a tariff-influenced 2.1% month-on-month increase, although once again any updates from the President and government are set to dominate sentiment.<div><span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

Market Analysis – 24/04/25

<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US Stocks Rally on Trade Optimism – Nasdaq up 2.8%<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US stocks rallied in trading yesterday to notch up their best day in two weeks as trade deal optimism swept the market. The Nasdaq led the way higher, closing the day up 2.77%, erasing a similar loss from the day before, while the S&amp;P gained 2.51% and the Dow rose 2.66%. The dollar also managed a good rally, with the DXY up 0.71% to 98.99, while haven currencies—the yen and Swiss franc—took big hits. US Treasury yields were mixed after Donald Trump advised that he has no intention of firing Jerome Powell. The 2-year was up 5.4 basis points to 3.817%, while the 10-year slid 1.2 basis points to 4.399%. Oil prices rallied as US sanctions hit Iran, with Brent up 1.55% to $67.29 and WTI up 1.76% to $63.49. Gold had a big day, initially rallying to another record level at $3,500 before crashing in later sessions to ultimately finish down 1.19% on the day at $3,380.41 an ounce.<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Start of a Haven Unwind??<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Some traders are asking if we are about to see a strong run of haven trades unwinding in the next few days as trade deal optimism sweeps the market, or if last night’s moves are just a brief flicker of silver lining in the clouds of a longer-running trade war. Major haven trades—gold, yen, and Swiss franc—all saw big moves last night, and traders are now looking to see if a top has been put in place or if these moves are just going to give us better levels to buy. Gold has rallied over 18% in the face of tariff announcements this month, while USDJPY sank 7% and USDCHF dropped over 9%. We have just seen some good relief rallies from risk in all these products—gold down 1.2% on the day and nearly 5% from its record high, with USDJPY and USDCHF up 2.4% and 2.8% respectively from their recent lows. The next 24 hours could be crucial for all these products, with any updates from affected parties likely to see equally big moves in either direction.<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Macroeconomic Calendar in Focus Today<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Geopolitical updates continue to dominate market moves in the current environment, but traders will see a focus move back to underlying fundamentals today as the macroeconomic calendar picks up after a quiet few days. The Asian session is expected to start on the front foot after a strong surge on Wall Street overnight, and there is little on the event calendar to disturb that momentum. However, a raft of Flash PMI numbers across the rest of the trading day will have investors analyzing data to see what damage tariffs have done to purchasing managers’ confidence. We have Flash Services and Manufacturing data due out from Australia, France, Germany, the EU, the UK, and the US, as well as New Home Sales numbers in the States. With several central bankers set to speak, including the Fed’s Goolsbee and Waller, as well as Bank of England Governor Andrew Bailey, we could be in for another lively day’s trading.<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <div><span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

Market Analysis – 23/04/25

<span style="font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US Markets Smashed as Trump Attacks Fed – Nasdaq Down 2.5%<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US markets took a big hit again yesterday as President Trump attacked Jerome Powell and the Federal Reserve Bank, demanding rate cuts. All three of the major indices finished sharply lower: the Dow dropped 2.48%, the S&amp;P lost 2.36%, and the Nasdaq closed 2.55% in the red. The dollar took a big hit, with the DXY losing 0.71% on the day, taking it down to 98.37—levels not seen for over three years. Treasury yields were mixed, with the 2-year dropping 3.6 basis points to 3.762%, whilst longer dates rallied, the benchmark 10-year closing up 8.6 basis points at 4.411%. Oil prices dipped on news that there has been progress in talks between the US and Iran—Brent down 2.1% to $66.53 and WTI down 2.47% to $63.08. Gold prices surged higher yet again on the weaker dollar and increased market uncertainty after Trump’s comments, up 2.7% to yet another all-time high, closing the session at $3,424.19 an ounce.<span style="font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap; font-size: 18px;">Trump Hurting US Markets Again<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Both US stocks and the dollar took a big hit in trading yesterday as President Trump launched another attack on Jerome Powell and the Fed for not cutting interest rates. The irony, of course, is that the Fed was fully expected to be in an easing cycle now, but they have pushed rate cut expectations back due to Trump’s aggressive stance on trade, which has greatly increased inflation fears. Investors have reacted strongly again to the latest comments from the Oval Office, which are now putting doubts on the independence of the Federal Reserve and threats from Trump on Powell’s position. This is only adding more uncertainty to global markets—and more particularly, US markets—and traders are preparing for more volatility and potential downside moves in the days ahead.<span style="font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap; font-size: 18px;">Volatility to Remain High as Major Centers Return<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Traders are expecting volatility to remain elevated today as several major trading centers return from a long weekend break to digest the latest geopolitical updates out of the US. The macroeconomic calendar is relatively quiet again, but Asian bourses are expected to start out on the back foot after another bad day on Wall Street. There are no Tier 1 data releases scheduled in the European session; however, Euro traders will be glued to screens midway through the day, with ECB President Christine Lagarde due to be interviewed. The New York session has just the Richmond Manufacturing Index data due out (exp -6.0) early in the day, but we also hear from Fed members Jefferson, Harker, and Kashkari during the day, and investors will be keen to see if there is much of a response to President Trump’s attack.<div><span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

Market Analysis – 22/04/25

<span style="font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap; font-size: 18px;">USD Index Falls Below 100 Amid Rising Trade Tensions<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The US Dollar Index (DXY) dropped 0.92% during Monday’s European session to 98.30, marking its lowest level since March 2022. The decline was largely driven by renewed trade tensions following the U.S. government&#39;s announcement of increased tariffs on several Asian countries. <hr/> <span style="font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap; font-size: 18px;">Trade Policy Uncertainty Spurs Market Volatility<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> On April 2, the U.S. implemented “reciprocal tariffs,” with rates on some Asian imports jumping from 54% to 125%. Although a few nations were granted temporary exemptions, the overall shift triggered heightened market concerns over global trade stability. <hr/> <span style="font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap; font-size: 18px;">Fed Maintains Wait-and-See Approach<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> Despite recent hawkish remarks from Fed Chair Jerome Powell—citing inflation risks from rising tariffs—markets remain uncertain about the central bank’s next moves. Powell stated that the Fed would require “greater clarity” before adjusting policy. San Francisco Fed President Mary Daly also noted that while rate cuts are still possible later this year, rising inflation and trade policy uncertainty may reduce the likelihood of aggressive easing. <hr/> <span style="font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap; font-size: 18px;">Technical Pressure Builds on USD<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> Following the break below the key psychological level of 100, the DXY may remain under pressure, especially if trade risks persist and the Fed leans toward easing. The index could test late-2021 support levels in the near term. <hr/> <span style="font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap; font-size: 18px;">Summary:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> The USD faces dual pressure from trade policy shifts and market expectations for rate cuts. Investors should monitor upcoming inflation and employment data for clearer direction.

Market Analysis – 21/04/25

<span style="font-size: 13.5pt; font-family: &quot;Microsoft Yahei&quot;; color: rgb(51, 51, 51); font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Tariff Tensions Complicate BOJ Outlook, Powell Defends Fed&#39;s Independence<span style="font-size: 13.5pt; font-family: &quot;Microsoft Yahei&quot;; color: rgb(51, 51, 51); font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 13.5pt; font-family: &quot;Microsoft Yahei&quot;; color: rgb(51, 51, 51); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Core inflation in Japan accelerated in March due to rising food costs, complicating the Bank of Japan’s efforts to balance rising prices against increasing economic risks triggered by US tariff hikes. The BOJ is expected to hold rates at 0.5% at its upcoming meeting next week while revising down its growth outlook.<span style="font-size: 13.5pt; font-family: &quot;Microsoft Yahei&quot;; color: rgb(51, 51, 51); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 13.5pt; font-family: &quot;Microsoft Yahei&quot;; color: rgb(51, 51, 51); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Meanwhile, President Trump has again lashed out at the Federal Reserve, urging rate cuts and publicly criticizing Fed Chair Jerome Powell on social media. “His removal can’t come soon enough,” Trump posted, though a senior White House official clarified there are no current plans to dismiss Powell.<span style="font-size: 13.5pt; font-family: &quot;Microsoft Yahei&quot;; color: rgb(51, 51, 51); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Powell responded firmly, stating that the President has no authority to fire him and warning that increased tariffs could push the US further off target on inflation and growth.<span style="font-size: 13.5pt; font-family: &quot;Microsoft Yahei&quot;; color: rgb(51, 51, 51); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Senator Elizabeth Warren issued a strong warning: “If Powell is fired, the U.S. markets will crash.” She emphasized the importance of political independence in central banking, calling it the backbone of economic stability.<span style="font-size: 13.5pt; font-family: &quot;Microsoft Yahei&quot;; color: rgb(51, 51, 51); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">As inflation surges and policy tensions rise, global markets remain on edge, with investors closely monitoring central bank decisions and trade dynamics.<span style="font-size: 13.5pt; font-family: &quot;Microsoft Yahei&quot;; color: rgb(51, 51, 51); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 13.5pt; font-family: &quot;Microsoft Yahei&quot;; color: rgb(51, 51, 51); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <div><span style="font-size: 13.5pt; font-family: &quot;Microsoft Yahei&quot;; color: rgb(51, 51, 51); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

Market Analysis – 18/04/25

<span style="font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap; font-size: 18px;">US Stocks Topple on Fed Comments – Nasdaq Down 3%<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The major US stock indices all fell in trading overnight as Jerome Powell pushed back on any heightened expectations of rate cuts in the US. The Fed Chair said, “The level of the tariff increases announced so far is significantly larger than anticipated. The same is likely to be true of the economic effects, which will include higher inflation and slower growth.” The Dow dropped 1.73%, the S&amp;P 2.20%, and the Nasdaq dumped 3.07%. Treasury markets focused on the growth comment, with yields dropping down the curve—the 2-year off 7.6 basis points to 3.769%, and the 10-year down 5.7 basis points to 4.276%. Meanwhile, the dollar continued to fall, the DXY trading back towards the annual low, down 0.78% to 99.28. Oil prices spiked on news that the US has issued fresh sanctions on Chinese imports of Iranian oil—Brent up 2.03% to $65.98 and WTI up 2.09% to $62.61—whilst gold continued to break new records, up 3.59% to $3,341.63 an ounce.<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap; font-size: 18px;">Dollar Remains Out of Favour<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The US dollar has taken a beating over the last couple of weeks, as President Trump’s higher-than-expected tariffs have led to a large restructuring of portfolios, with investors attempting to digest the implications on the global economy. Normally a safe haven trade in times of global distress, the market has interpreted the US tariffs as leading to much slower growth in the US, and the dollar has fallen swiftly out of favour after an initial rally following “Liberation Day.” In effect, the tariff update backfired for an administration which still favours a strong dollar, and the Liberation was really opening the door of the cage of dollar bears to then smash the market. The DXY now sits close to its annual low again as we approach a low-liquidity long weekend, and unless we see a strong change of direction in the coming days, the dollar could sink further into fresh ranges against most of the majors.<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap; font-size: 18px;">Another Busy Calendar Day to Close the Full Trading Week<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Traders are preparing for another busy and volatile day ahead as they continue to battle geopolitical updates and a full macroeconomic event calendar before the long weekend. The Asian session has already seen a slightly higher-than-expected New Zealand CPI print, and now focus will move across the Tasman for Australian employment data later in the session. Investor focus will be firmly on Europe once London opens today, with the ECB due to update the market on its latest rate call. The market is expecting a 25-basis point cut, from 2.65% to 2.40%, but most traders are expecting the volatility to come from updates in the statement and press conference. The New York session sees the usual weekly unemployment data released (expected 225k) alongside the Philly Fed Manufacturing Index numbers, but again, most market participants are keeping a close eye on newswires for more tariff and trade updates to move markets.<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <div><span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

Market Analysis – 17/04/25

<span style="font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Markets Pull Back on Tariff Confusion – Dow Down 0.4%<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Financial markets took a bit of a breath in trading yesterday after a couple of hard weeks of volatility to assess exactly where we stand with tariffs and what the possible impact is. The major U.S. stock indices all drifted lower — the Dow dropped 0.38%, the S&amp;P 0.17%, and the Nasdaq finished marginally off, losing just 0.05%. Treasury yields also experienced a relatively quiet day, the 2-year closing flat at 3.845%, while the 10-year lost 4.1 basis points to move down to 4.333%. The dollar edged higher against most of the majors, with the DXY up 0.36% to 100.17. Oil contracts also traded in their tightest ranges for a while, Brent gaining just 0.01% to $64.89 and WTI dropping 0.32% to $61.33 a barrel, whilst gold pushed back towards all-time highs again, gaining 0.6% on the day to close at $3,229.24.<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap; font-size: 18px;">Gold Pushing for More Records<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Gold prices moved back higher again overnight and look like they could challenge the $3,245.28 high that was set a few days ago in the coming sessions. Global uncertainty over the last few months has enabled the world’s favourite safe-haven product to climb over 24% this year, and that has increased since “Liberation Day.” However, some in the market are preparing for a sharp turnaround if conditions change. One question for gold traders is just how much downside has been priced into this gold move — and then they are looking at how far it can fall back if we see global growth concerns retract. Overnight, President Trump called on China to come to the negotiation table, and if that were to happen — and lower tariffs, or even the removal of tariffs, were to occur — then we could see gold prices drop, and drop hard. As always in these markets, traders will continue to monitor newswires for updates and will have to react quickly to fresh developments.<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap; font-size: 18px;">Busy Calendar Day Ahead for Traders<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Market volatility dropped considerably over the last few sessions, and investors will now get the chance to have a look at the underlying fundamentals with a full calendar day ahead. The Asian session will have a strong focus on Chinese markets, with the usual big monthly data drop due midway through the session: GDP (exp +5.2%), Industrial Production (exp +5.9%), and Retail Sales (exp +4.2%) will be the main focus, and anything significantly off expectations should see further moves in Chinese markets. The U.K. is again in focus at the European open, with the key CPI data (exp +2.7%) due out, and traders are expecting more moves for the pound on the release. However, the New York session looks set to be the busiest, with U.S. Retail Sales (exp +1.3%, Core +0.4%) due for release early in the day, followed by the key interest rate update from the Bank of Canada, where rates are expected to be held at 2.75%. To add more fuel to the fire, we are also set to hear from Fed Chair Jerome Powell later in the session when he speaks in Chicago.<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <div><span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

Market Analysis – 16/04/25

<span style="font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap; font-size: 18px;">US Stocks Push Higher as Investors Digest Tariffs – S&amp;P up 0.8%<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The three major US stock indices all pushed higher in trading yesterday as investors continued to digest all recent tariff updates. The Dow gained 0.78%, the S&amp;P 0.79%, and the Nasdaq pushed up 0.64%. Treasury yields remained volatile, pulling back from recent strong gains—the 2-year losing 11.5 basis points to move back to 3.845%, and the benchmark 10-year dropping 11.6 basis points to 4.374%. The dollar remained under pressure, the DXY losing another 0.3% to close the session at 99.72. Oil prices had a quieter day than they’ve experienced over the last week or so—Brent up 0.26% to $64.93 and WTI up 0.15% to $61.59—whilst gold pulled back from Friday’s all-time high, dropping 0.82% on the day to finish at $3,209.59 an ounce.<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap; font-size: 18px;">Uncertainty the Only Certainty<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The last couple of weeks have been some of the most volatile since the Covid pandemic hit markets five years ago, and investors and traders alike are now trying to piece the various (moving) parts of the puzzle together to make informed decisions. Correlations are breaking down across the board, with large percentage corrections still occurring on a daily basis, and some of the traditional haven trades have suffered—particularly US-focused (i.e., the dollar and treasuries)—whilst others, e.g., gold, JPY, and CHF, have flourished. Sadly, at the moment, uncertainty very much rules the roost, and until we get some sort of consistency on what will actually be implemented in terms of tariffs and any counter-tariffs, we will continue to see volatile markets. It appears that non-US havens will continue to appeal.<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap; font-size: 18px;">Event Calendar Kicks into Action Today<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The macroeconomic event calendar kicks into action today with some key data and central bank updates due out across the trading sessions, which will add some fundamentals to the geopolitical updates that have been rocking markets. The Asian session will see a focus on Australian markets, with the Reserve Bank of Australia’s Monetary Policy Meeting Minutes due out early in the session. We have some key data due out of the UK early in the European session today—employment data is due out, with the Claimant Count expected to show an increase of 30k fresh claims, with the unemployment rate remaining steady at 4.4%. We also have key data due out shortly after the New York open, with the focus on Canadian markets and the latest CPI print. The headline month-on-month number is expected to show a 0.7% increase, with the median year-on-year data coming in at +2.9%. We also have the Empire State Manufacturing Index due out in the US at the same time to kick off US data for the week.<div><span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div><div><span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

Market Analysis – 15/04/25

<span style="font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap; font-size: 18px;">US Stocks Rally into Weekend – Nasdaq up 2%<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US stock markets rallied into the weekend on Friday, closing out another hectic week of trading. The Dow rose 1.50%, the S&amp;P gained 1.81%, and the Nasdaq pushed up 2.06% by the end of another choppy session. US Treasury yields climbed again, locking in their biggest weekly gains in nearly two decades. The 2-year closed up 9.8 basis points at 3.960%, and the 10-year finished up 6.5 basis points at 4.490%, having touched nearly 4.6% during the day. Despite rising yields, the dollar plummeted to fresh annual lows, with the DXY down another 0.65% to close at 100.10. Oil prices rebounded, with Brent up 2.26% to $64.76 and WTI up 2.38% to $61.50. Gold continued its rally, gaining nearly 2% on the day to close at a record $3,235.66 an ounce.<span style="font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Dollar and Treasuries Under Pressure from Trump<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Extreme volatility has rocked global markets in recent weeks as President Trump imposed sweeping tariffs on US trading partners, triggering widespread financial panic. Two of the world’s traditional safe-haven assets—the dollar and US Treasuries—have been under pressure, with yields experiencing their biggest weekly move in nearly 20 years. Normally, such conditions would push the dollar higher. However, the US 10-year yield has surged nearly 19% from a low of 3.86% on April 4th to a high of 4.592% on Friday, while the DXY has dropped 4%, falling from 103.18 to a low of 99.01 in the same period. Traders will continue to monitor the ongoing flight from US safe-haven assets, but for now, it’s shaping up to be a “sell dollars, wear diamonds” environment.<span style="font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap; font-size: 18px;">Quiet Calendar Day to Start a Busy Week<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The macroeconomic calendar is light today, so traders expect geopolitical developments to drive market flows. Despite the calm start, there’s plenty of information for investors to digest before the calendar picks up tomorrow in a holiday-shortened week. Already, China’s New Loans data (released Sunday) beat expectations (3,640 billion vs. expected 3,020 billion), which may bolster the positive sentiment from Wall Street in today’s Asian session. However, there’s little else in terms of Tier 1 data in the first two trading sessions of the week. The US session is also quiet on data releases, but we will hear from Fed members Barkin, Waller, and Harker later today, and investors will be looking for further reassurance amid current market conditions.<div><span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

Market Analysis – 14/04/25

<span style="font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap; font-size: 18px;">US Markets Down Again as Tariff Concerns Persist – Nasdaq Down 4.3%<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US markets took another sharp downside correction in trading yesterday as investors continued to evaluate the growing global trade war. All three of the major US indices dropped hard, the Dow off 2.50%, the S&amp;P down 3.46% and the Nasdaq down 4.31%. The dollar crashed against all the major currencies as FX players priced in more pain for the US, the DXY down 1.95% on the day to 100.98. Treasury yields were mixed again after lower inflation data in the US, the 2-year down 4.6 basis points to 3.862%, while the 10-year gained 9.3 basis points to 4.425%. Oil prices dropped back again, Brent down 3.13% to $63.43, WTI down 3.66% to $60.07 a barrel. Gold flew higher again on haven flow, notching another all-time high, gaining 2.49% on the day to close at $3,176.64.<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Gold Shines Again in Uncertain Times – Up 2.5%<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Gold once again hit a fresh all-time high yesterday as the euphoria of President Trump’s tariff reprieve fell flat after just one day. Traders are now looking at more uncertainty in the market as the US President continues to change his mind on trade issues, and gold has been the recipient of large haven flows. As the dollar continues to drop in the wake of a pending US recession, gold becomes more attractive from a portfolio perspective and investors continue to look for levels to buy. The world’s favourite precious metal is now up nearly 23% since its 2025 low on the very first trading day of the year, and if the global trade war continues, it is set to move even higher. Investors now feel that only a complete turnaround from the US in terms of tariffs will enable a good correction for gold, and while the uncertainty and risks continue to pile up, they will continue to buy haven products, with gold at the top of their list.<span style="font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">More Data on the Calendar Today<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">There is more data due out today on the economic calendar, but traders are expecting geopolitical concerns to once again outweigh fundamental updates. There is nothing of note due out in the Asian session, but the focus will be firmly on the UK once Europe opens, with several data drops scheduled, the GDP data being the highlight. Expectation is for the data to show a meagre 0.1% month-on-month increase, and anything significantly off that will see more moves in the pound. Once again, we have big data coming out in the US shortly after the New York open, with PPI numbers set to be released. The core number is expected to show a 0.3% increase, while the headline figure is expected to be slightly lower at 0.2%. Later in the day, we also have University of Michigan Consumer Sentiment and Inflation Expectations data, and the week will be closed out with speeches from Fed members Musalem and Williams.<div><span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

Market Analysis – 11/04/25

<span style="font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap; font-size: 18px;">US Stocks Surge as Trump Hits the Pause Button – Nasdaq up 12%<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US stocks surged higher in trading yesterday after President Trump agreed to pause the majority of his tariffs for 90 days, although notably, China is left out of the reprieve. The major US indices all rallied strongly to notch up their best one-day gains in years, with the Dow closing up 7.87%, the S&amp;P up 9.52%, and the tech-heavy Nasdaq surging 12.16%. US Treasury yields jumped higher as traders dialled back Fed rate cut expectations, particularly on the short end, with the 2-year up 18.2 basis points to 3.908% and the 10-year up 3.9 basis points to 4.331%. Oil prices gained for the first time in five days, Brent up 4.58% to $65.70 and WTI up 4.65% to $62.35, whilst gold also jumped back into recent ranges, up 3.30% to $3,082.16 by the close.<span style="font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap; font-size: 18px;">Markets Rejoice at this Trump Backflip<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Traders had been waiting a long four trading days for it, but we at last got the backflip from Donald Trump that many of us had been waiting for last night. His about-turn on tariff implementation has led to a surge higher in risk products after a turbulent few days, but now adds more uncertainty to markets going forward. Trump’s decision was probably driven, at least partially, by the chaos that we have seen in markets over the last few days. White House officials are claiming that it is all part of the plan, as it forced other countries to the negotiating table, but not many in the market are buying that particular ‘asset’ at the moment, as Trump had continually advised that tariffs were here to stay. The issue moving forward is how much traders can rely on updates from the administration for long-term trading decisions, or whether they can afford to ignore them in the short term. It can only lead to more volatility as we move forward and more cross-jurisdiction trading opportunities as different deals are made.<span style="font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap; font-size: 18px;">Inflation Data in Focus on the Calendar Today<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Asian markets are set to open on a much more positive note today after President Trump’s tariff delay. The reaction to those updates from the US session is expected to dominate the coming trading day, although there are some key fundamental data releases that will also have an effect. The Asian session will have a heavy focus on Chinese markets, not only as they were left out of any tariff reprieve, but also as key inflation numbers are due out in the form of CPI (exp 0.0% y/y) and PPI (exp -2.3% y/y) midway through the session. Later in the day in the European session, we hear from RBA Governor Michele Bullock when she speaks in the Melbourne evening, before we then hit the US session and the main data event of the week, the US CPI update. Expectations are for the CPI to show a 0.1% m/m increase, the Core CPI a 0.3% m/m increase, and the year-on-year data to come in at +2.6%. The weekly unemployment claims are also out at the same time, but in the current environment, expect the impact to be relatively short-term as the market continues to react to tariff updates.<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <div><span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

Market Analysis – 10/04/25

US Stocks Smashed Again as Trade War Escalates – Nasdaq Down 2% US stock markets took another beating yesterday as the global trade war continued to escalate in light of recent tariff moves. The three major indices had initially rallied in early trading, but a threat to increase Chinese tariffs to 104% by President Trump, starting shortly after midnight, put an end to that. The Dow closed down 0.84%, the S&amp;P down 1.57%, with the Nasdaq again taking the brunt of the move, closing 2.15% in the red. US Treasury yields had a mixed day, the 2-year down 3.8 basis points at 3.725%, while the longer dates rallied, the benchmark 10-year up 10.9 basis points at 4.293% at the close. FX remained volatile, the DXY down 0.44% on the day but was mixed against the majors. Oil prices were hit again, Brent down 2.66% at $61.55 a barrel and WTI down 4.12% to $58.20 a barrel. Gold closed close to flat, down just 0.02% on the day at $2,981.49, but had seen a $60 range over the course of the day. Oil Prices Continue to Decline Oil prices have been absolutely smashed over the last week’s trading, as a global trade war has led to huge demand concerns for ‘black gold’ at the same time as OPEC+ announced production increases four times larger than expected. The combination of the two has created the perfect storm for oil bears and, if you add into the mix the potential for changes to Russian and Iranian sanctions, this could be just the start of the move. Both Brent and WTI are now sitting at levels not seen since 2021, and further moves lower open the way for a move to much lower levels. There is no doubt that we will see further volatility in the coming days and weeks from geopolitical updates, but unless we see a huge change in direction with regards to both the supply and demand side, then expect oil to move further south. Event Calendar Picks Up Today The macroeconomic calendar kicks into action for the first time this week today with a strong focus on central banks, and traders are expecting even more volatility as they cannot fail to mention recent developments with regard to global trade. The initial focus in the Asian session will be on New Zealand today, with the Reserve Bank of New Zealand expected to cut rates by 25 basis points. The focus will then move north to Japan, with Bank of Japan Governor Kazuo Ueda scheduled to speak in the afternoon session. Once again, there is nothing of note on the cards in the European session, and the focus is expected to be on trade updates again, which should continue into the New York open. However, later in the US day, trader attention will move back to central banks when the Fed’s recent meeting minutes are released.

Market Analysis – 09/04/25

Volatility Remains High on Tariff Updates – Dow Drops 0.9%Global markets experienced another volatile trading day yesterday as investors continued to react to tariff updates, with President Trump notably threatening to put another 50% on Chinese imports. US stocks remain under pressure but did not suffer as much as in the previous day’s trading. The Dow dropped 0.91%, the S&amp;P 0.23%, while the Nasdaq eked out a 0.10% gain. Treasury yields pulled back from recent losses as traders factored in a resilient Fed, the 2-year up 11.1 basis points to 3.763% and the 10-year up 18.9 basis points to 4.183%. The dollar climbed again, with the DXY closing up 0.42%, while oil prices continued their decline—Brent off 1.66% to $64.49 and WTI down 1.53% to $61.04. Gold saw some sharp moves across the day but ultimately finished down 1.81% at $2,982.09 an ounce.Gold Loses Some of Its Lustre in Tough MarketsGold bulls may be forgiven for being upset with current market moves, as recent updates on trade have added more uncertainty to a market that was already under pressure—conditions that would normally lead to the world’s favourite precious metal climbing higher. However, gold has been on a spectacular run in 2025, gaining 21.8% from low to high, and some traders were calling for a retracement. The last couple of days’ trading has seen the dollar jump off a six-month low, and traders feel that this has added to the decline for gold alongside some portfolios taking profit to cover margin issues in other markets. Traders will continue to monitor updates across the board over the next few sessions, but more uncertainty should lead to gold finding a base at some point in the near future. However, as with all markets, volatility remains high and it’s a brave trader who picks highs and lows in these conditions.Another Quiet Calendar Day AheadThe macroeconomic calendar again has little to offer traders in the way of fundamental updates, and so they are expecting the focus to remain on global trade concerns and any tariff updates. The Asian session does see some Australian and Japanese sentiment data due out, but these are expected to be largely outweighed by trade issues, while there is very little on the cards once Europe opens. We do have some significant data due shortly after the New York open, with the focus slipping north of the border for the Canadian Ivey PMI data, which is expected to print at 53.2—lower than last month’s 55.3 result. However, once again, investors are expecting updates from the newswires and overall tariff evaluation to dominate market moves.

Market Analysis – 08/04/25 

<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US Stocks Smashed Again as Tariff Pain Continues – S&amp;P Down 6%<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">US stock markets were smashed again on Friday, with $5 trillion now having been wiped off the market since President Trump announced his tariff plans on Wednesday. Risk appetite was not helped by a stronger Non-Farms print and less dovish comments from Jerome Powell on Friday. All three of the major indices closed well over 5% down by the close – the Dow off 5.50%, the S&amp;P down 5.97%, and the Nasdaq 5.82% lower. The dollar jumped higher against most of the majors, with the exception of haven currencies Yen and Swiss; the DXY was up 1.01% at 103.02. US Treasury yields finished lower on the day, although the impact was reduced after the stronger jobs number – the 2-year down 3 basis points to 3.652% and the 10-year off 3.4 basis points to 3.994%. Oil prices also crashed further as global growth concerns increased – Brent down 6.50% to $65.58 and WTI down 7.41% to $61.99 a barrel. Gold also fell off its recent highs in line with the stronger dollar, down 2.47% on the day to $3,036.34 an ounce.<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Aussie Dollar in Trouble in Risk-Averse Markets<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Aussie Dollar traders are preparing for another tough week ahead as markets continue to react to global trade concerns. The Aussie has long been associated as a risk proxy for overall markets, and in recent days its status has come back with a vengeance, as it has collapsed against the dollar and, more significantly, on the crosses. It has dropped over 7% against the greenback from its post-tariff announcement high just under 64 cents to its low this morning just above 59 cents. It has seen similar percentage losses against the Euro (7.45%), Sterling (6.50%), and the Yen (8.19%), and moves this morning on the Asian open do not bode well for any bulls that may remain in the market. Traders will continue to look for levels to sell the Aussie in this environment, however experienced campaigners will also be keeping close eyes on the newswires for any change in tariffs from the US, which could see some sharp relief rallies.<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Macroeconomic Calendar Offers No Respite to Market Volatility<span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Global financial markets have opened the week under intense pressure after another ‘sea of red’ on Wall Street on Friday, and the macroeconomic calendar is offering nothing in the way of respite for a couple of days at least. There are no major economic data or central bank updates due for the first couple of trading days this week, and therefore geopolitical updates and reactions are set to dominate market sentiment. The Asian session today sees the return of Chinese markets after a bank holiday on Friday, and given the moves that we have seen in global markets, as well as the increase in tariff measures, traders are expecting to see a messy start to the day’s trading. The European and US sessions are also set to have a focus on newswires and any tariff updates; however, at the moment, respite for already shocked markets seems a long way off.<div><span style="font-size: 12pt; font-family: Arial, sans-serif; color: rgb(33, 37, 41); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

Market Wrap: Trade Tensions Escalate, Stocks Tumble as Investors Flee to Safe Havens

Markets Await Tariff Update – Nasdaq Jumps 0.9% Yesterday&#39;s trading session in the US was marked by a cautious atmosphere, with investors adjusting their positions ahead of a crucial tariff update from President Trump later today. The Dow ended nearly flat, down by just 0.03%, while technology stocks helped propel both the S&amp;P 500 and Nasdaq to finish the day in the green, up 0.38% and 0.87%, respectively. Treasury yields fell again, with the 2-year bond down by 0.2 basis points to 3.881%, and the 10-year bond dropping 3.6 basis points to 4.169%. Major currencies experienced a quiet day, trading within established ranges, with the DXY adding a slight 0.05% to close at 104.23. Oil prices retreated from five-week highs, with Brent down 0.48% at $74.41 and WTI slipping 0.39% to $71.20. Gold, which had surged to a new all-time high, pulled back slightly to end the day down 0.4%, closing at $3,110.55. Investors Await Tariff Update with Caution The market is closely watching President Trump’s tariff announcement scheduled for later today, as any new tariffs introduced will take immediate effect. Speculation surrounding the scale and scope of the tariffs remains high, with discussions focused on whether the President will implement broad, universal tariffs—possibly around 20%—or pursue more targeted reciprocal tariffs. Regardless of the specifics, traders are bracing for volatility, as the announcement is expected to shake up market dynamics and create significant price movements across asset classes. Quiet Economic Calendar Ahead of Tariff Update The economic calendar for today is largely devoid of major events, which sets the stage for the President’s tariff update to take center stage later in the day. Early in the session, markets will hear from RBA Assistant Governor Christopher Kent, and moves in the Australian Dollar are expected as a result. However, there are few notable releases in the Asian session. In Europe, third-tier data will be released, with a focus on the ADP Non-Farm Employment Report in the New York session. Expectations are for the creation of 118,000 new jobs last month. However, most market participants are anticipating that the tariff update will dominate the day’s trading, with the potential for substantial volatility following President Trump&#39;s 4 PM New York Time announcement.

Market Analysis – 02/04/25

<h4 data-start="1243" data-end="1300">Mixed Markets Ahead of Tariff Update – Dow up 1%</h4> US stocks saw a mixed day ahead of key tariff updates and economic data due later this week. The Dow added 1%, the S&amp;P rose 0.55%, while the Nasdaq dropped 0.14%. Treasury yields fell again after Friday&#39;s sharp drop, with the 2-year down 2.9 basis points to 3.883% and the 10-year down 4.4 basis points to 4.205%. The dollar crept higher against major currencies, with the DXY up 0.16% to 104.17.Oil prices surged higher amid increasing supply concerns, with President Trump considering further tariffs on Russia and possibly military action against Iran. Brent crude rose 2.71% to $74.73 a barrel, and WTI gained 3.06% to $71.48 a barrel. Gold continued to climb as haven flows pushed it to new record highs, gaining 1.23% on the day to close at $3,123.33 an ounce. <hr data-start="2076" data-end="2079"/><h4 data-start="2081" data-end="2138">Tariff “Liberation Day” – How Hard Will They Go?</h4>Investors and traders are closely watching developments in Washington, especially regarding President Trump&#39;s latest tariff announcements and whether the new administration will take a more aggressive stance to &quot;level the playing field.&quot; Some market estimates suggest that a harder tariff policy could raise the average tariff rate by up to 28%, potentially causing a 4% reduction in US GDP and pushing prices up by 2.5%, resulting in a $1 trillion decrease in output. These numbers, though estimates, could have substantial economic impact.Many investors are hoping for a softer tariff update on Wednesday, with announcements likely to come after the Asian market opens when liquidity is low and most products could experience volatility. Overall, most traders expect the tariff updates to create more volatility, and even once markets stabilize, the future direction remains unclear. <hr data-start="3033" data-end="3036"/><h4 data-start="3038" data-end="3101">Rate Decisions and Data Ahead, But Tariffs to Dominate</h4>Today’s macroeconomic calendar is busy, with many data points to keep traders focused on the fundamentals. However, all market participants are aware of the tariff updates due on Wednesday from President Trump, and most expect their impact to dominate.The Australian market will be in focus to kick off the day, with Retail Sales data (expected +0.3% m/m) due in the morning session and the Reserve Bank of Australia’s rate decision in the afternoon. The RBA is widely expected to keep rates unchanged after January&#39;s &quot;hawkish cut,&quot; with traders focusing on the statement and subsequent press conference for any policy hints. As the London market opens, focus will shift to Europe, with CPI data and a scheduled speech by ECB President Christine Lagarde. In the New York session, key US data will be released, including ISM Manufacturing PMI (expected 49.5) and JOLTs Job Openings (expected 7.9 million). However, once again, most traders expect the impact of tariff discussions to outweigh the data’s short-term effects.

General Market Analysis – 01/04/2025

<h2 data-start="21" data-end="59">Stock Market &amp; Gold Analysis:</h2><ol data-start="61" data-end="748" class=" list-paddingleft-2"><li>Triple Witching Day &amp; Tariff Threats: Last Friday was a Triple Witching Day, and the market was dragged down by tariff threats and weak corporate earnings. The market opened lower but rebounded in the last 10 minutes before closing. FedEx and NIKE stocks underperformed.</li><li>Trump’s Flexible Tariff Policies: Trump stated that tariff measures will remain flexible, particularly concerning China. The reciprocal tariffs set to take effect on April 2 are now a key market focus.</li><li>U.S.-China Trade Talks &amp; Economic Policy: High-level U.S.-China trade talks are expected this week, with U.S. trade representatives meeting Chinese officials.</li></ol>Market Outlook: Although the stock market rebounded at the close, this movement was largely driven by quarter-end portfolio rebalancing and lacks substantial support. The next market focus will be on the economic impact of U.S. tariff policies. Continued uncertainty may limit Federal Reserve policy changes. If economic data suggests a recession, U.S. stocks may face downward pressure, while gold could benefit from safe-haven demand.<hr data-start="1204" data-end="1207"/><h2 data-start="1209" data-end="1235">Crude Oil Market:</h2><ol data-start="1237" data-end="1694" class=" list-paddingleft-2"><li>Israel-Gaza Conflict Intensifies: Israel escalated attacks on Gaza, aiming to force Hamas to release hostages.</li><li>U.S. Sanctions on Iran: The U.S. government announced new sanctions on Iran and imposed fines on Chinese refiners purchasing Iranian crude oil.</li><li>OPEC Production Cuts: OPEC announced that starting April 1, it will gradually reduce voluntary production cuts to 2.2 million barrels per day.</li></ol>Market Outlook: While escalating geopolitical tensions and OPEC’s flexible approach to production cuts could theoretically support oil prices, demand concerns—especially in light of tariff-related trade tensions—create a mixed fundamental outlook. In the short term, oil prices are likely to remain volatile.<hr data-start="2026" data-end="2029"/><h2 data-start="2031" data-end="2053">Forex Market:</h2><ol data-start="2055" data-end="2766" class=" list-paddingleft-2"><li>France Pushes EU to Retaliate Against U.S. Tariffs: France urges the EU to use the strongest Anti-Coercion Instrument (ACI) against U.S. tariff threats. Potential countermeasures include punitive tariffs, import/export controls, investment restrictions, or public procurement bans, though the likelihood of implementation remains low for now.</li><li>Germany&#39;s Fiscal Reforms &amp; Infrastructure Plans: Germany’s new fiscal reforms and infrastructure investment plans sparked profit-taking in the euro.</li><li>Central Bank Decisions: The Fed, BOJ, and BOE all kept interest rates unchanged last week, signaling a wait-and-see approach regarding their economies.</li></ol>Market Outlook: As the Central Bank Super Week concludes, investor focus shifts back to trade developments. Given the U.S.’s stronger economic resilience, the dollar may see continued support, which could pressure other currencies.<hr data-start="3025" data-end="3028"/><h2 data-start="3030" data-end="3079">Key Economic Data :</h2><h3 data-start="3081" data-end="3108">Monday, March 24, 2025 (GMT+8)</h3><ul data-start="3109" data-end="3457" class=" list-paddingleft-2"><li>16:15 🇫🇷 France Manufacturing PMI (March, Preliminary)</li><li>16:30 🇫🇷 France Services PMI (March, Preliminary)</li><li>17:00 🇪🇺 Eurozone Manufacturing PMI (March, Preliminary)</li><li>17:30 🇬🇧 UK Manufacturing &amp; Services PMI (March, Preliminary)</li><li>21:45 🇺🇸 U.S. S&amp;P Global Manufacturing &amp; Services PMI (March, Preliminary)</li></ul>(If the U.S. PMI remains strong, it may put pressure on most currencies.)<h3 data-start="3540" data-end="3568">Tuesday, March 25, 2025 (GMT+8)</h3><ul data-start="3569" data-end="3768" class=" list-paddingleft-2"><li>02:00 🇬🇧 BOE Governor Andrew Bailey’s Speech (Bailey is expected to highlight major uncertainties in future policy decisions, indicating no urgency for adjustments in the short term.)</li></ul>

Key Market Trends This Week

<span style="font-size: 12pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 12pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Fundamental Analysis:<span style="font-size: 12pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Federal Reserve Chair Jerome Powell recently stated that recent data suggests the risk of a U.S. economic recession is low. This statement helped reassure market confidence, leading to a rebound in the US Dollar Index. Additionally, the Fed may need more time to assess the impact of Trump&#39;s tariff policies on the economy. During this period, the central bank is likely to maintain its current high interest rates, which could continue to pressure non-USD currencies.<span style="font-size: 12pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 12pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 12pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">On the 1-hour chart, lower highs and lower lows indicate a bearish trend. The 61.8% Fibonacci retracement level of the most recent downtrend is expected to act as resistance, making it a good point to enter short positions. If the price breaks above the previous high, the trend may shift, and short positions should be stopped out. Take profit should be set at the previous low, where the downtrend previously halted.<span style="font-size: 12pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 12pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trade Recommendation:<span style="font-size: 12pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 12pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> 🔹 Sell above 0.63279<span style="font-size: 12pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 12pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> 🔹 Stop loss: 0.63633<span style="font-size: 12pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 12pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> 🔹 Take profit: 0.62707 <span style="font-size: 12pt; font-family: Arial, sans-serif; font-weight: 700; font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">(Adjust for spread accordingly)<span style="font-size: 12pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">📉 Support: 0.62707<span style="font-size: 12pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 12pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">📈 Resistance: 0.63633<span style="font-size: 12pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 12pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"><img src="https://804483479.gieqd.com/cms/9027f957653e4340b851bc4ccd834ddc_1742572948212.png" title="" alt=""/><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">⚠ Disclaimer: The above content is for reference only and does not represent the platform’s position. Traders should maintain their own trading strategies and implement appropriate risk management.<div><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

[AUD/USD Strategy] Powell downplays recession risks, weighing on non-USD Currencies

<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Recently, Israel&#39;s attack on the Gaza region led to the collapse of the ceasefire agreement, stimulating a renewed demand for safe-haven assets. Additionally, with tariff policies set to take effect in April, the market continues to face uncertainties, driving funds into gold. Under these circumstances, gold is expected to have further upside potential. The bullish trend remains strong, and investors can consider positioning accordingly.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">On the 1-hour chart, the latest upward wave has broken above the previous descending wave&#39;s high, indicating a potential shift to a bullish trend. The 61.8% Fibonacci retracement level of the current upward wave acts as support. It is ideal to go long here, but if the price breaks below the previous low, the trend may change, and a stop loss should be set. The target is the previous high where the uptrend had previously halted.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading Suggestion:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Enter a long position below 3035.99, with a stop loss at 3022.80 and a target at 3057.32 (spread calculation should be done accordingly).<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level: 3022.80<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Resistance Level: 3057.32<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"><img src="https://804483479.gieqd.com/cms/57089769d5a64641842cbf5b836bb0d0_1742483720897.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 10.5pt; font-family: Arial, sans-serif; color: rgb(5, 28, 44); background-color: rgb(255, 255, 255); font-weight: 700; font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">🔺 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">This content is for reference only and does not represent the platform&#39;s stance. Always stick to your strategy and manage your risks accordingly.<div><span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

【Gold Strategy】As Safe-Haven Demand Increases, Gold Reaches Record Highs

The Federal Reserve is set to announce its latest interest rate decision, an event closely watched by global markets. As a crucial factor influencing monetary policy, financial markets, and economic outlooks, this decision could trigger significant volatility across forex, stocks, and commodities.<h3 data-start="373" data-end="417">Market Expectations &amp; Key Insights</h3>🔹 Inflation Trends: The market expects U.S. annual inflation for February to slightly decline to 2.9%, but it remains above the Fed’s long-term target. Last month, inflation aligned with forecasts at 3%. If this trend persists without a substantial decline, the Fed’s policy stance may be affected. 🔹 Rate Cut Projections: Around 75% of market participants anticipate at least one rate cut by June, but this outlook depends on inflation, economic growth, and labor market data. If inflation stays elevated, the Fed may maintain higher interest rates for longer, impacting the U.S. dollar and liquidity conditions. 🔹 Market Volatility: In the previous Fed decision, gold’s 15-minute price movement peaked at $7.65. Similar or greater volatility may occur this time, especially given ongoing uncertainty over the Fed’s policy path.<h3 data-start="1290" data-end="1328">Why the Fed Decision Matters</h3>The Fed adjusts the federal funds rate to influence economic growth, inflation, and financial stability. Rate hikes are used to curb inflation, while rate cuts aim to stimulate economic activity. As one of the world’s most influential central banks, the Fed’s decisions have far-reaching implications beyond the U.S. markets.<h3 data-start="1658" data-end="1691">How Traders Can Prepare</h3>✅ Monitor Policy Signals: Pay close attention to Fed Chair Jerome Powell’s statements, particularly any guidance on future rate adjustments. ✅ Adjust Risk Management: Volatility is expected before and after key economic events. Traders should set appropriate stop-loss levels and closely track market movements. ✅ Stay Alert to Broader Market Factors: Beyond the Fed decision, other global events—such as geopolitical tensions in the Middle East and U.S. trade policies—may further amplify market fluctuations.This Fed decision is not just a catalyst for short-term volatility but a potential driver of investment strategies in the coming months. Amid rising economic uncertainties, understanding policy signals and adjusting trading strategies accordingly will be essential for market participants.

Federal Reserve Interest Rate Decision: A Key Market Moment

<h3 data-start="82" data-end="113">Fundamental Analysis:</h3>Last week, U.S. President Donald Trump downplayed the stock market volatility caused by his additional tariffs during a Fox News interview, calling it a &quot;transition period&quot; and claiming that wealth is being brought back to the U.S. This reinforced market concerns that Trump will persist with the tariff war, posing a significant risk to global economic growth and severely impacting risk assets such as U.S. stocks and cryptocurrencies.Additionally, Trump has signed an executive order to establish a Bitcoin reserve, but White House cryptocurrency chief David clarified that the government’s current Bitcoin holdings come from asset seizures through criminal or civil forfeiture proceedings. As a result, the government has no plans to purchase additional Bitcoin, disappointing bullish investors and making it difficult for Bitcoin to reclaim the $90,000 level in the near term.<h3 data-start="1003" data-end="1032"> </h3><h3 data-start="1003" data-end="1032">Technical Analysis:</h3>On the 1-hour chart, BTC attempted to break above the previous high but failed, reversing below the moving averages, which have returned to a bearish crossover. This suggests strong selling pressure above. Given this setup, traders without positions may consider short opportunities during the day.<h3 data-start="1335" data-end="1366"><img src="https://804483479.gieqd.com/cms/490d66e3cdb1443e8e1657439ec2af5a_1742228230319.png" title="" alt=""/></h3> <h3 data-start="1335" data-end="1366">Trade Recommendation:</h3>🔹 Sell BTC at 83,580 (light position) 🔹 Target: 79,923 🔹 Stop Loss: 85,320 🔹 Support: 79,923 🔹 Resistance: 85,312 ⚠ (The above content is for reference only and does not represent the platform’s stance. Stick to your strategy and manage risk accordingly.)

Tariff War Pressures Markets, Bitcoin Faces Resistance

Fundamental Analysis:Last Friday, the University of Michigan&#39;s Consumer Confidence Index plummeted from 64.7 to 57.9, while one-year inflation expectations surged from 4.3% to 4.9%. This reflects market concerns about the severity of Trump&#39;s tariff war. The uncertainty surrounding the economic outlook has forced the Federal Reserve to maintain a cautious, dovish stance, weakening the dollar and benefiting non-US currencies. However, UK manufacturing data continued to decline, January&#39;s three-month GDP growth rate fell below market expectations, and the UK has yet to experience the actual impact of the US tariff war. These factors have caused GBPUSD to gradually weaken in the short term. Technical Analysis:On the 30-minute chart, GBPUSD continues to form lower highs and lower lows, while the bearish cross of the moving averages remains intact. The overall structure is bearish. Therefore, for those without positions, consider entering short on a rally during the day. However, be aware that the market may encounter bullish resistance at lower levels, and it&#39;s not advisable to hold short positions for too long. Trading Recommendation: Short GBPUSD on a bounce to 1.2944, targeting 1.2910, with a stop loss at 1.2966. Support: 1.2910 &nbsp; Resistance: 1.2965 <img src="https://804483479.gieqd.com/cms/bb497467942c44caabfcf84b0a82d10a_1742216153492.png" title="" alt=""/> (The above content is for reference only and does not represent the platform’s stance. Stay firm with your strategy and implement appropriate risk control.)

【GBPUSD Strategy】Economic Data Shows Recession, GBPUSD Weakens in the Short Term

<h4 data-start="76" data-end="108">Fundamental Analysis:</h4>The U.S.-EU trade conflict has intensified recently, with Trump stating that if the EU does not remove tariffs on American whiskey, he will impose a 200% tariff on European alcoholic products. This statement has further dampened market sentiment, raising concerns that global trade tensions may escalate further. As a result, risk assets remain under pressure, and funds are shifting towards bonds for safety. In this environment, cryptocurrencies may continue their weak trend. <h4 data-start="591" data-end="621">Technical Analysis:</h4>On the 4-hour chart, lower highs and lower lows indicate a bearish trend. The latest downward wave’s 61.8% Fibonacci retracement level is expected to act as resistance. If the price breaks above the previous high, the trend may shift, and short positions should be stopped out. Take profit should be set at the previous low, as the downtrend previously halted there. <h4 data-start="992" data-end="1020">Trading Strategy:</h4> 🔹 Entry: Short SOL above 129.2105 🔹 Stop Loss: 139.8260 🔹 Take Profit: 112.0368 (Adjust for spread accordingly)📉 Support Level: 112.0368 📈 Resistance Level: 139.8260 <img src="https://804483479.gieqd.com/cms/18b1253514b64be58684e89befdb2e9b_1741971200430.png" title="" alt=""/> 🔺 Disclaimer: The above content is for reference only and does not represent the platform’s stance. Stay confident in your strategy and apply appropriate risk management.

【SOL Strategy】 U.S.-EU Trade War Escalates, Market Sentiment Weakens

<h3 dir="ltr" style="line-height:1.38;margin-top:12pt;margin-bottom:12pt;"><span style="font-size: 15pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">[Last Week&#39;s Review]</h3><div dir="ltr" style="margin-left:0pt;" align="left"><table><colgroup><col width="104"/><col width="86"/><col width="86"/><col width="89"/><col width="91"/><col width="73"/><col width="73"/></colgroup><tbody><tr style="height:38.5pt" class="firstRow"><td style="vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Commodity</td><td style="vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Opening Price</td><td style="vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Highest Price</td><td style="vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Lowest Price</td><td style="vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Closing Price</td><td style="vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Change</td><td style="vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Change (%)</td></tr><tr style="height:25pt"><td style="vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">ETH</td><td style="vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">2627.06</td><td style="vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">2791.26</td><td style="vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">2547.78</td><td style="vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">2661.35</td><td style="vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">-354.05</td><td style="vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">-0.36%</td></tr><tr style="height:25pt"><td style="vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">BTC</td><td style="vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">96473.09</td><td style="vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">98864.20</td><td style="vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">94086.92</td><td style="vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">96122.72</td><td style="vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">+34.26</td><td style="vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">1.30%</td></tr></tbody></table></div><span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Last week, most cryptocurrencies traded within a narrow range. Selling pressure emerged following Trump&#39;s repeated tariff hike announcements and the impact of DeepSeek, causing short-term bearish momentum to deplete. Investors turned cautious, and the market had largely priced in expectations that the Fed would slow down its rate cuts. As a result, inflation data had a limited impact on market volatility. However, this period of compressed price fluctuations is unlikely to last long, and once the consolidation phase ends, new catalysts will drive crypto prices out of the current range.<h3 dir="ltr" style="line-height:1.38;margin-top:12pt;margin-bottom:12pt;"><span style="font-size: 15pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">[This Week &amp; Future Outlook]</h3><span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">This week&#39;s economic data may have a limited impact on the market. Investors should continue focusing on Trump&#39;s tariff policies. Earlier reports suggested that the implementation of reciprocal tariffs in the U.S. could be delayed until early April. The market interprets this as Trump using tariffs as a negotiation tactic. If upcoming negotiations between the U.S. and other countries show goodwill, concerns over the impact of tariffs may ease.<span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Looking ahead, the U.S. 10-year Treasury yield has retreated from its recent rebound high, reducing pressure on risk assets, which is favorable for crypto to regain upward momentum. Additionally, Bitcoin&#39;s Hash Ribbon indicator suggests miners are entering a &quot;capitulation phase.&quot; Historically, this indicates a market bottom and signals the potential for a long-term rally. If history repeats itself, this could boost investor confidence and drive a broad crypto market recovery.<span style="font-size: 15pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">[Technical Analysis]<div><img src="/ueditor/net/upload/image/20250218/6387547925571815707825576.png" title="" alt=""/><img src="https://804483479.gieqd.com/cms/a759e131b2d941b5b5bfe84ec2fb43a6_1739882566663.png" title="" alt=""/></div> <h3 dir="ltr" style="line-height:1.38;margin-top:12pt;margin-bottom:12pt;"><span style="font-size: 15pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">[Trading Advice]</h3><span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">DOGE 4-hour chart<span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The higher highs and higher lows indicate a bullish trend. The 61.8% Fibonacci retracement of the latest upward wave (0.26186) theoretically provides support, making it a potential entry point for a long position. A break below the previous low (0.24656) would suggest a trend reversal, and the long position should be stopped out. The target price is the previous high (0.28661).<span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">&quot;This suggestion is for reference only and does not constitute any buy or sell recommendation. Trading in markets such as Forex and stocks may be influenced by various factors, causing market price fluctuations. Investors should proceed with caution.&quot;<div><span style="font-size: 12pt; font-family: &quot;Trebuchet MS&quot;, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

[Crypto Weekly Report]  Market Remains Cautious, Awaiting More Catalysts

<h4>U.S. Jobs Report in Focus</h4>Traders are closely watching the release of key U.S. employment data today, which is expected to drive significant market movements. While geopolitical concerns have influenced market sentiment this week, attention is shifting back to economic fundamentals as investors seek insights into the Federal Reserve’s potential interest rate adjustments.The market consensus anticipates 169,000 new jobs added last month, with the Unemployment Rate remaining at 4.1% and Average Hourly Earnings rising 0.3%. A deviation of ±30,000 jobs from expectations could lead to increased volatility in financial markets. <h4>Gold Price Outlook</h4>Gold prices have shown signs of weakening in the short term, with lower highs and lower lows forming on the 1-hour chart. If the price fails to break through resistance, the bearish trend may continue. Trading Analysis:<ul class=" list-paddingleft-2"><li>Sell near resistance: $2868</li><li>Target price: $2848</li><li>Stop-loss: $2878</li></ul>Key Price Levels:<ul class=" list-paddingleft-2"><li>Resistance: $2868</li><li>Support: $2848</li></ul> <img src="https://804483479.gieqd.com/cms/25de09f7cba54e728694e20150055c48_1738943943239.png" title="" alt=""/> As market participants await the U.S. Non-Farm Payroll (NFP) report, gold&#39;s movement will largely depend on the data outcome and its impact on Fed policy expectations.<h3> </h3><h3>⚠️ Risk Disclaimer</h3>Trading in financial markets involves significant risk, and past performance is not indicative of future results. Price movements can be highly volatile due to economic events, geopolitical factors, and sudden market shifts. Investors should conduct thorough analysis and apply proper risk management strategies before making trading decisions.

Market Focus: Key U.S. Employment Data & Gold Price Outlook

Fundamental Analysis: On Wednesday, EIA data showed a decline in commercial crude oil inventories, but rising gasoline and distillate stocks weakened the bullish impact. The cooling U.S. employment data and lack of improvement in China&#39;s economy further dimmed demand outlook, limiting oil price momentum. Additionally, potential trade competition under Trump&#39;s administration could negatively affect global economies, creating further downside risks for demand. With the recent oil rally losing steam and no new bullish catalysts, there is room for a short-term correction. Technical Analysis: In the one-hour chart, WTI crude oil prices retreated after a rally, breaking recent lows and indicating stronger selling pressure. If the subsequent rebound fails to breach resistance levels, the trend may see further downward corrections. Aggressive traders are advised to consider short-selling opportunities. Trading Recommendation:<ul class=" list-paddingleft-2"><li>Entry: Short at 72.68</li><li>Stop Loss: Above 73.38</li><li>Targets: 71.50–72.00</li></ul> <img src="https://804483479.gieqd.com/cms/5942edda519e487bbd1e758571657f82_1736422251182.png" title="" alt=""/> Support Level: 71.50 Resistance Level: 72.68[Trading carries risks. The above recommendation is not a guaranteed profit and investors should evaluate their capital and position management carefully.]

[USoil Strategy] Lack of Bullish Momentum, Prices Pull Back After Rally

<img src="https://804483479.gieqd.com/cms/416d1d2ffb804427b319d3fb8fa4a701_1735899762674.png" title="" alt=""/> Trading Recommendation:On the 1-hour chart, gold continues to reach new highs, with the moving averages forming a golden cross, indicating bullish control. Therefore, those without positions should consider entering long positions on short-term support levels today. Suggested entry: Long at 2654 with a target of 2675 and a stop loss at 2641. Support level: 2642 Resistance level: 2675 【The above content is for reference only and does not represent the platform&#39;s stance. Please stick to your own strategy and manage risks accordingly.】

Gold Trading Strategy

Fundamental Analysis: U.S. API crude oil inventories recorded a third consecutive weekly decline as of early yesterday, while official EIA crude oil inventories have now fallen for five weeks in a row. This reflects strong short-term demand for U.S. crude, driven by an unusually cold winter that has pushed natural gas prices to a two-year high and supported rising oil prices. Additionally, Bloomberg reported that Europe’s energy costs have surged, with electricity prices exceeding €1,000 due to insufficient wind power and high natural gas generation costs. As a result, markets are leaning towards fuel oil for heating. Adding to the energy strain, Russia&#39;s natural gas supply to Europe via Ukraine is set to cease by 2025, exacerbating Europe&#39;s energy demand and further boosting short-term oil price expectations. Technical Analysis: On the hourly Bollinger Bands chart, WTI crude rebounded sharply from the lower band, hitting new intraday highs and maintaining an upward channel. This indicates that the bullish trend remains intact, suggesting an opportunity for those without positions to consider entering long positions at short-term support levels. <img src="https://804483479.gieqd.com/cms/ad13d1c64ba44ee6a39479bb0e7aa2f8_1735818231835.png" title="" alt=""/> Trading Recommendation: Enter a long position on WTI crude at 71.53 on a pullback, with a target of 72.80 and a stop-loss at 70.70. Support Level: 70.72 Resistance Level: 72.80Disclaimer: The above content is for reference only and does not represent the platform’s position. Stick to your trading strategies and ensure appropriate risk management.

[WTI Crude Oil Strategy] Gas Supply Disruptions Push Oil Prices Higher

<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">GBP/USD Strategy - Diverging Currency Preferences, GBP/USD Under Pressure <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The Chicago PMI for December in the U.S. dropped below 40, indicating a recessionary level and triggering market jitters. However, the Pending Home Sales Index for November rose by 2.2%, significantly higher than the forecast of 0.7%, suggesting a potential rebound in the housing market. According to FED WATCH, markets expect the Federal Reserve to maintain rates in January 2025, with uncertainty around a potential rate cut in March. This has led investors to favor the U.S. dollar as a safe haven or parking point. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">On the UK side, the Bank of England (BoE) predicts zero GDP growth for Q4, aligning with the zero growth officially recorded in Q3. This poses a severe challenge to the ruling party’s tax policies and casts a bleak outlook for UK politics and the economy. As a result, the British pound has lost appeal, with GBP/USD maintaining a weak and volatile trend. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The hourly chart shows GBP/USD losing upward momentum and testing its bottom again. The 22-period moving average (22MA) has turned downward, indicating a bearish structure in the short term. Traders can consider short positions near resistance levels during the day.<img src="https://804483479.gieqd.com/cms/1a46721d6d9c485097ba441b238c01b2_1735658011485.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Recommendation: Short GBP/USD at 1.2564. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Target: 1.2501. Stop-Loss: 1.2615. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level: 1.2501 Resistance Level: 1.2613 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Disclaimer: The above content is for reference only and does not represent the platform&#39;s stance. Stick to your strategy and ensure proper risk management.

GBP/USD Strategy - Diverging Currency Preferences, GBP/USD Under Pressure

<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Nasdaq Strategy - Market Sentiment Weakens, Selling Pressure Persists <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">U.S. 10-year Treasury yields retreated slightly from their highs yesterday but remain elevated, putting pressure on U.S. equities. Persistent selling led to further declines in the stock market, and worsening market breadth indicated a broad-based selloff. Current market sentiment is bearish, suggesting short-term downside risks remain. Looking ahead, if Treasury yields continue to rise, U.S. equities may face deeper corrections. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The hourly chart shows lower highs and lower lows, confirming the current bearish trend. Traders may consider splitting their funds into two batches for short positions, setting a stop-loss above the previous high and targeting an extended downside move.<img src="https://804483479.gieqd.com/cms/edf69656de1f4cc1a1e7843bfb4bf41c_1735655895572.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Recommendation: Short Nasdaq at 21,176.40 and 21,291.36, <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Stop-Loss: 21,477.45, Target: 20,875.34. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level: 20,875.34 Resistance Level: 21,477.45 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Disclaimer: The above content is for reference only and does not represent the platform&#39;s stance. Investors should make their own judgments, manage risks properly, and take responsibility for their gains and losses.

Nasdaq Strategy - Market Sentiment Weakens, Selling Pressure Persists

<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">EUR/USD Strategy - Different Inflation Rebound Magnitudes, EUR/USD Trend Remains Bearish <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Spain&#39;s CPI for December exceeded expectations, rebounding from 2.4% to 2.8%, a sharper increase compared to the U.S. CPI. This development may hinder the European Central Bank’s (ECB) rate-cutting trajectory. ECB Governing Council member Holzmann suggested that the pace of rate cuts might slow, temporarily boosting EUR/USD. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">However, markets remain pessimistic about the Fed&#39;s rate-cut outlook for next year, with some predicting no cuts at all. Coupled with the U.S. economic growth prospects being significantly better than those of the Eurozone, EUR/USD faced sharp declines during the U.S. trading session. Thus, the recent EUR/USD trend remains bearish, favoring sell positions on rebounds. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">On the hourly chart, EUR/USD has dropped rapidly from the upper Bollinger Band to the lower band, finding temporary support. However, the channel still points downward, indicating the earlier uptrend may have ended. Traders can look to enter short positions during intraday rebounds near upper resistance.<img src="https://804483479.gieqd.com/cms/24a618ff99464e9dbbed3f56c0c7b7bb_1735643790732.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Recommendation: Short EUR/USD at 1.0429 on a rebound. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Target: 1.0371. Stop-Loss: 1.0460. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level: 1.0371 Resistance Level: 1.0457 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Disclaimer: The above content is for reference only and does not represent the platform&#39;s stance. Stick to your own strategy and ensure proper risk management.

EUR/USD Strategy - Different Inflation Rebound Magnitudes, EUR/USD Trend Remains Bearish

Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The US Dollar Index edged up slightly on Monday, but the USD/JPY pair showed a decline. In the absence of significant changes in fundamentals, traders are navigating year-end sentiment-driven trades. The dollar&#39;s strength is attributed to expectations of fewer Federal Reserve rate cuts next year and the likelihood that President-elect Trump&#39;s policies will continue to promote economic growth and increase price pressures. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Additionally, the Bank of Japan&#39;s meeting minutes released last Friday revealed that one policymaker suggested a rate hike &quot;in the near future.&quot; Coupled with repeated hints from Japanese officials about potential intervention measures to address excessive yen fluctuations, short positions on the yen are seeing a phase of unwinding. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The 15-minute chart of USD/JPY indicates that the price is within a descending range. There is a possibility of price retracement to the supply and demand zone to accumulate momentum. Therefore, short positions can be considered at the supply zone, with stop-loss placed above the range top, and targets set at the range bottom or the current low of the trend.<img src="https://804483479.gieqd.com/cms/c49c489a0d1b496597c377d84565152d_1735636938026.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Sell Recommendation: Enter a short position at 157.864 or a better price. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Stop-Loss: Above 158.068. Target: 157.660. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level: 156.664 Resistance Level: 158.068 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Disclaimer: The above content is for reference only and does not represent the platform&#39;s stance. Stick to your trading strategy and ensure proper risk management.

USD/JPY Strategy - Market Cautious of Intervention Measures, Yen Rebounds Towards Year-End

<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">With the strong performance of U.S. economic data and the upcoming Trump administration, factors such as deregulation, tax cuts, higher tariffs, and tighter immigration policies are expected to bolster U.S. economic growth. This could lead to the Federal Reserve slowing down its pace of rate cuts, further supporting the USD&#39;s strength. Meanwhile, other currencies face headwinds: the European Central Bank may continue cutting rates due to a sluggish economy, and the Bank of Japan may halt its rate hikes due to uncertainties stemming from domestic and international politics. These factors suggest that non-USD currencies may have room to decline.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">On the EUR/USD 1-hour chart, the price has broken below its previous consolidation range and formed new short-term lows, indicating increasing selling pressure. If subsequent rebounds fail to breach resistance levels, the trend may continue to correct downward. Thus, short-selling opportunities should be considered.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"><img src="https://804483479.gieqd.com/cms/1707c42437b248e58a760c4ede373e4b_1735581821552.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading Recommendation:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Sell short at 1.0420, with a stop-loss above 1.0446 and a target at 1.0385.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> 1.0385 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Resistance Level:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> 1.0420<span style="font-size: 11pt; font-family: Arial, sans-serif; font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Disclaimer: Trading involves risks, and the suggestions provided are not guaranteed to yield profits. Investors should assess their financial situation and risk management strategies.

​ EURUSD Strategy - Dominating the Market, Limited Upside for the Euro

Weekly Crypto Report - Awaiting New Government, Cryptos Retreat After Gains

Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The recent continuous rise in U.S. Treasury yields has reached 4.6%. Treasury yields typically correlate positively with the dollar, meaning rising yields support the dollar, leading to appreciation against other currencies. Moving forward, if upcoming economic data confirms the robustness of the U.S. economy, it will reinforce the Federal Reserve&#39;s stance that the U.S. economy remains resilient and does not urgently need rate cuts, benefiting the dollar&#39;s upward trend. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The 1-hour chart shows higher highs and higher lows, indicating a bullish trend. Two rounds of long positions can be arranged at lower levels. Stop loss is set below the previous low, with a take-profit target at the extension of the price increase.<img src="https://804483479.gieqd.com/cms/3558abcb6a794e92bf31eb6a17beb211_1735565781080.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trade Recommendations: <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Long at 0.90106 and 0.90004.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Stop Loss: 0.89841.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Target: 0.90370.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support: 0.89841 Resistance: 0.90370 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Disclaimer: The above content is for reference only and does not represent the platform&#39;s stance. Investors should make independent judgments, manage risks effectively, and take responsibility for their own gains and losses.

USD/CHF Strategy - Rising U.S. Treasury Yields Support the Dollar, USD/CHF Continues to Climb

Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Last Friday&#39;s Bank of Japan (BOJ) meeting minutes revealed that some policymakers hold a positive outlook on the prospect of raising interest rates. Additionally, the BOJ has reduced the scale of U.S. bond purchases. However, the yen remains influenced by the current policy environment. BOJ Governor Kazuo Ueda stated that the central bank is examining more data regarding wage growth and other trends, indicating that the January rate hike expectation remains uncertain. This makes it difficult for yen bulls to gain strong support, potentially relying on official interventions against yen depreciation to stabilize the exchange rate. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The 15-minute chart for USD/JPY shows the price in an upward channel, with potential corrections to demand zones where momentum could rebuild. Long positions can be considered within the demand zone, with a stop loss set below the lower boundary of the channel and a target at the channel top or current swing high.<img src="https://804483479.gieqd.com/cms/cd159c85cf9c41e7bb4ec71842710996_1735557933113.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Recommendation: <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Entry: Buy at 157.629 or better.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Stop Loss: Below 157.347. Target: 157.910.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support: 157.347 Resistance: 157.984 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Disclaimer: The above content is for reference only and does not represent the platform&#39;s stance. Please adhere to your trading plan and implement appropriate risk controls.

USD/JPY Strategy: Yen Hits 5-Month Low, Central Bank Policy Still Uncertain

Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The Reserve Bank of Australia&#39;s (RBA) meeting minutes released this week revealed that policymakers believe price pressures are easing as expected. Therefore, they consider it appropriate to begin easing the degree of monetary policy tightening. Although Australia&#39;s inflation growth rate remains above the 2% target, this does not necessarily mean the RBA will start cutting rates immediately. However, with the Federal Reserve also lowering its interest rate cut expectations for next year, the USD is likely to maintain its leading position, putting further pressure on non-USD currencies. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The 15-minute chart for AUD/USD shows that the price is within a descending range. There is a possibility of a correction to the supply and demand zone to regain momentum. Short positions can be entered in the supply zone, with stop-loss above the range&#39;s top and targets set at the range&#39;s bottom or the current low.<img src="https://804483479.gieqd.com/cms/2dd3541167b2472fbf3213674b951fc5_1735303621507.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Recommendation: <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Enter short at 0.62220 or better.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Stop-loss: Above 0.62288 Target: 0.62151.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level: 0.62117 Resistance Level: 0.62288 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Disclaimer: The above content is for reference only and does not represent the platform&#39;s stance. Stay firm in your strategy and ensure proper risk management.

AUD/USD Strategy - RBA Eases Policy Stance, USD Maintains Leading Position

Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The U.S. initial jobless claims came in below expectations, temporarily pushing U.S. Treasury yields to 4.6%. However, strong demand in the U.S. Treasury Department&#39;s 7-year bond auction, particularly from foreign buyers, caused Treasury yields to pull back from their highs, limiting the dollar&#39;s gains. Nonetheless, the optimistic outlook for the U.S. economy is likely to continue attracting capital inflows into the dollar, suggesting that USD/JPY may continue to rise. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The 30-minute chart shows higher highs and higher lows, indicating a bullish trend. It is suggested to initiate long positions in two parts with stop-loss orders below the previous lows. The take-profit target is set at the extension level of the current price increase.<img src="https://804483479.gieqd.com/cms/005c018c4638475aa61b74b5f2d8e7c9_1735298642689.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading Recommendation: <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Place buy orders at 157.783 and 157.599.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Stop-loss: 157.303 Target: 158.262.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level: 157.303 Resistance Level: 158.262 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Disclaimer: The above content is for reference only and does not represent the platform&#39;s position. Investors should exercise their judgment, manage risks effectively, and take responsibility for their profits and losses.<div><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

USD/JPY Strategy - Initial Jobless Claims Below Expectations, USD Supported

Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Yesterday, Western markets observed the Christmas holiday, with most commodities markets closed and trading subdued. In the precious metals market, mixed fundamentals and significant uncertainty in the outlook, along with the time required for Washington&#39;s new policies to take effect, have kept recent price movements within a consolidation range. Looking ahead, although Trump&#39;s tariff policies are likely to hinder price declines, their impact on the overall economy and employment remains uncertain. In the short term, precious metals are expected to exhibit repeated fluctuations. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">On the 1-hour chart, silver&#39;s price rise failed to make a new high, and its retracement did not break the previous low. This, combined with a compressed price range, indicates an unclear trend. Thus, conservative traders are advised to stay on the sidelines, while aggressive traders can buy near short-term support levels.<img src="https://804483479.gieqd.com/cms/01d7c37c7dfa47c2b08a22cf82b4f97c_1735235698645.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trade Recommendation: Buy at 29.40, with a stop loss below 29.10 and targets at 29.85-30.26.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level: 29.40 Resistance Level: 30.26<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">[Trading involves certain risks. The above recommendation does not guarantee profits. Investors should assess their financial situation and position management carefully.]

Silver Strategy - Awaiting Future Changes, Silver Enters Consolidation

<span style="font-size: 10pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Last Week&#39;s Review<img src="https://804483479.gieqd.com/cms/853b9750c89248048ba70382cf5d1f98_1735223517225.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"><img src="/ueditor/net/upload/image/20241226/6387082030063150711095242.png" title="" alt=""/>Early Thursday morning last week, the Federal Reserve cut interest rates by 25 basis points to a range of 4.25%-4.50%, aligning with market expectations. At the same time, the Fed released its latest economic projections, raising the 2024 GDP forecast from 2.0% to 2.5% and the 2024 core PCE forecast from 2.6% to 2.8%. Additionally, the dot plot revised the 2025 rate cut expectation down to two cuts (previously four). Chairman Powell stated during a press conference that officials must see more progress on inflation before further rate cuts. This sparked pessimism among crypto bulls, who fear significantly reduced liquidity next year, negatively impacting risk assets (US stocks, cryptocurrencies), leading to sharp short-term declines. Bitcoin plunged over $6,000 at one point. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">However, Trump’s nomination of crypto-friendly Paul Atkins as the SEC chair and stablecoin supporter Lutenick as Commerce Secretary, as well as appointing Hines—backed by a pro-crypto political action committee—as the Executive Director of the Presidential Digital Asset Advisory Council, has been interpreted as a move to strongly support cryptocurrency economic innovation in the future. This helped stabilize sentiment among crypto bulls over the weekend, narrowing Bitcoin&#39;s decline into a high-level consolidation rather than a reversal. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Additionally, the National Center for Public Policy Research (NCPPR), a U.S. think tank, submitted shareholder proposals urging Microsoft and Amazon to consider investing in Bitcoin. Reports also indicated that El Salvador&#39;s president has ramped up daily Bitcoin purchases, with a mid-term target of adding 20,000 BTC. These factors contributed to Bitcoin&#39;s temporary stabilization. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">[This Week and Future Outlook]<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">This week marks the Christmas holiday in Western countries, which will lead to early closures in U.S. financial markets, reducing volatility across financial products. Cryptocurrencies may also experience narrow-range trading as a result. However, attention should be paid to whether Trump uses the holiday period to nominate more crypto-friendly personnel to his cabinet, which could lead to surprising moves in the crypto market.

Crypto Weekly - Fed Lowers 2025 Rate Cut Outlook, Bitcoin Drops Below $100,000

Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Before Christmas, the RBA&#39;s meeting minutes indicated that price pressures are declining as expected, making it reasonable to begin easing policy. Meanwhile, the US Dollar Index experienced a slight decline after Christmas but remained in a bullish pattern, largely supported by the Fed&#39;s recent revision of next year&#39;s rate cut path. Under the assumption that the Fed will reduce rate cuts to two next year, if other major central banks maintain or turn toward more aggressive rate-cutting policies, the US Dollar is expected to remain strong.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The AUD/USD 5-minute chart shows the price is in a downward range and may correct toward a supply-demand zone to regain momentum. Short positions can be entered at the price supply zone, with stop-loss set above the top of the range and the target set at the bottom of the range or the current low.<img src="https://804483479.gieqd.com/cms/9ecedf3c9ae04799b64d2e8643e30396_1735220190037.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Recommendation:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Short AUD/USD at 0.62500 or better, with a stop-loss above 0.62537 and a target of 0.62463.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> 0.62256 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Resistance Level:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> 0.62537<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">[Disclaimer: The above content is for reference only and does not represent the platform&#39;s stance. Please maintain your judgment, manage risks appropriately, and take responsibility for your trading outcomes.]<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">

AUD/USD Strategy - RBA Hints at Rate Cuts, USD Remains Strong

Fundamental Analysis: 
The Federal Reserve is likely to maintain restrictive interest rates for a longer period, which has recently supported the strength of the US Dollar. Meanwhile, the Swiss National Bank (SNB) exceeded market expectations by cutting rates by 50 basis points to address weak inflation and the strong Swiss Franc. The SNB even stated it does not rule out the possibility of reintroducing negative interest rates. Against this backdrop, USD/CHF is expected to continue its bullish trend. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis: 
The hourly chart shows higher highs and higher lows, indicating a bullish trend. Two separate buy positions can be initiated at lower levels, with stop losses placed below recent lows. The target is set at an extended rally level.<img src="https://804483479.gieqd.com/cms/42f624e5a0b9442d812375c2cd182701_1735210937323.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trade Recommendation: Buy USD/CHF at 0.89995 and 0.89922, with a stop loss at 0.89802 and a target at 0.90189.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level: 0.89802 Resistance Level: 0.90189<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Disclaimer: The above content is for reference only and does not represent the platform&#39;s stance. Investors should exercise their own judgment, manage risks carefully, and take responsibility for their gains and losses.

USD/CHF Strategy - Divergence in US and Swiss Central Bank Policies Fuels USD/CHF Rally

Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">During the Christmas holiday when major exchanges are closed, investors are preparing for potential changes in the coming year. These changes may include, but are not limited to, U.S. tariff policies, tax reforms, and cryptocurrency regulations under the new government. These factors will likely drive sentiment-based trading in addition to being key triggers for market movements. Historically, new government policies often prompt investors to adjust their asset portfolios. If stocks, bonds, and currencies experience fundamental shifts due to these policies, cryptocurrencies may emerge as a new target for funds. This could encourage investors to buy into cryptocurrencies after the holiday period. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">On the 5-minute chart, SANDUSDT shows a downward trend and a potential correction to a supply-demand zone for momentum accumulation. A short position can be entered at the supply zone, with a stop-loss above the top of the range and a target set at the bottom of the range or the recent low.<img src="https://804483479.gieqd.com/cms/b8b64914a76d49459d61ed2e09282372_1735140361485.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trade Recommendations:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Short SANDUSDT at 0.63935 or higher, with a stop-loss above 0.65240 and a target of 0.62630.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level: 0.61660 Resistance Level: 0.65240 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Note: The above content is for reference only and does not represent the platform&#39;s stance. Be firm in your strategy and ensure appropriate risk management.

SANDUSDT Strategy - Investors Prepare for New Year Market Trends, Driven by Short-Term Sentiment Trading

Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Previously, Bitcoin surged past $100,000, pushing market sentiment to its peak. However, profit-taking pressures emerged, causing Bitcoin to fall below $100,000. Other cryptocurrencies were also dragged lower. Recently, cryptocurrencies have rebounded in line with the U.S. stock market, driven by a Christmas rally. Investors can consider short-term long positions in cryptocurrencies. Going forward, it is essential to observe whether Bitcoin can stabilize above the $100,000 threshold to boost overall confidence in cryptocurrencies.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">On the 30-minute chart, higher highs and higher lows indicate a bullish trend. Therefore, funds can be allocated in two phases for low-buying positions. If the price breaks below the previous low, stop-loss orders should be placed. The take-profit target is set at the extension of the price increase.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"><img src="https://804483479.gieqd.com/cms/daa5b62051604726a1ce643abb5d3195_1735125201078.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trade Recommendations:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Buy ETH at 3480.33 and 3443.91, stop-loss at 3384.96, and target price at 3575.69.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support level: 3384.96 Resistance level: 3575.69<span style="font-size: 11pt; font-family: Arial, sans-serif; font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Note: The above content is for reference only and does not represent the platform&#39;s position. Investors should exercise their own judgment, manage risks, and be responsible for their profits and losses.

ETH Strategy - Cryptocurrency Christmas Rally and ETH Rebound

Fundamental Analysis:<span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Yesterday&#39;s U.S. December Conference Board Consumer Confidence Index fell to 104.7, but this did not provide sufficient support for silver prices. The survey revealed that an increasing proportion of consumers are concerned about politics and tariffs, with nearly 46% expecting tariffs to raise living costs. This inflation-driven price increase could slow the Federal Reserve&#39;s rate-cutting pace, thereby weighing on precious metals. The long-term economic impact of tariffs remains uncertain, requiring further observation. In the short to medium term, silver is likely to experience volatile movements. <span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">On the 1-hour chart, silver prices show upward movements without reaching new highs, and pullbacks have not broken previous lows. The fragmented candlestick patterns suggest an unclear trend. Therefore, during periods of ambiguous trends, cautious investors are advised to stay on the sidelines, while aggressive traders may consider short-term long positions based on lower support levels.<img src="https://804483479.gieqd.com/cms/67324d77acbb43189f719b24d021c02f_1735063005008.png" title="" alt=""/><span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading Recommendations: <span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Consider going long at 29.39.<span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Stop-loss: Below 28.78. Target: 29.84 - 30.27.<span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level: 29.39 Resistance Level: 30.27 <span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Disclaimer: Trading involves certain risks. Recommendations are not guaranteed for profit. Investors should assess their own funds and position management.

Silver Strategy - Awaiting Policy Impact, Mixed Silver Movements

Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Recent economic data from the Eurozone has been disappointing. ECB President Lagarde stated yesterday that further rate cuts would be considered if supported by data, and she highlighted the potential negative impact of new U.S. protectionist policies on economic growth. This has made it difficult for EUR bulls to gain fundamental support in the short term. However, the U.S. durable goods orders fell by 1.1%, and the consumer confidence index also underperformed expectations, preventing the USD from staging a strong rebound before Christmas. As a result, the EUR may hold on to last Friday&#39;s gains. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The 15-minute chart for EUR/GBP indicates that prices are within an ascending range. There is potential for a correction into a demand zone to accumulate fresh momentum. Long positions can be entered in the demand zone, with stop-loss set below the bottom of the range and take-profit targeting the range top or the current high.<img src="https://804483479.gieqd.com/cms/264cfc55313b48aeb29f1d3811f15a8c_1735046930460.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading Recommendations: <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Go long on EUR/GBP at 0.82910 or better.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Stop-loss: Below 0.82771. Target: 0.83050.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level: 0.82771 Resistance Level: 0.83119 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Disclaimer: The above content is for reference only and does not represent the platform&#39;s position. Investors should stick to their own strategies, implement proper risk management, and take responsibility for their own profits and losses.

EUR/GBP Strategy - Market Sentiment Dominates Ahead of Christmas Holiday

Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The yield on the U.S. 10-year Treasury note climbed again yesterday, reflecting the market&#39;s continued pricing of the Federal Reserve maintaining restrictive interest rates for an extended period. This simultaneously strengthened the U.S. dollar, limiting the rebound potential of non-U.S. currencies. Looking ahead, given that current economic data does not support a loosening of monetary policy by the Fed, non-U.S. currencies are likely to remain in a weak trend. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The one-hour chart shows lower highs and lower lows, indicating a bearish trend. Therefore, a two-tiered short-selling strategy is recommended, with stop-loss triggered if the price breaks above the previous high and take-profit set at the extended downside targets.<img src="https://804483479.gieqd.com/cms/c9da7ae7b1ba4eeda718d4661f6d4ca4_1735041472645.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading Recommendations: <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Short GBP/USD at 1.25479 and 1.25933.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Stop-loss: 1.26666. Target: 1.24293.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level: 1.24293 Resistance Level: 1.26666 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Disclaimer: The above content is for reference only and does not represent the platform&#39;s position. Investors should exercise their own judgment, manage risks effectively, and take responsibility for their profits and losses.<div><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

GBP/USD Strategy - U.S. Treasury Yield Rebound Pressures Non-U.S. Currencies

<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space-collapse: preserve;">Fundamental Analysis<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space-collapse: preserve;">:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Last Friday, U.S. inflation data slowed, with November&#39;s PCE data rising only by 0.1%, lower than October&#39;s revised 0.2%. Following the release, the previously rising 10-year U.S. Treasury yield dropped, boosting precious metals&#39; performance. Additionally, on the Federal Reserve side, voting member Williams emphasized that both inflation and future policy remain highly uncertain, stating that future policy paths will depend on economic developments. If U.S. economic data weakens in the future, it will further support the rise of precious metals.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">On the hourly chart for silver, the price shows a rebound after consolidation, breaking previous resistance levels and setting new recent highs. The price is above the moving averages, indicating strong buying momentum. If the price pulls back without breaching previous support levels, the trend may continue upward. Hence, short-term buying is recommended.<img src="https://804483479.gieqd.com/cms/43375443f6014664958504d7b3582a67_1734976366286.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading Advice<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Suggest entering a short-term buy at 29.59, with a stop loss below 28.78, and targets at 30.11-30.55.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level: 29.59<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Resistance Level: 30.55<span style="font-size: 11pt; font-family: Arial, sans-serif; font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading involves risks, and this advice is not a guarantee of profit. Investors should assess their own funds and position management.<div><span style="font-size: 11pt; font-family: Arial, sans-serif; font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

Silver Strategy - Emphasizing Uncertainty: Silver Gradually Recovers

Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Due to weaker-than-expected U.S. PCE inflation data and Federal Reserve officials&#39; statements supporting further rate cuts, the dollar&#39;s rally reversed sharply. Non-U.S. currencies, led by the euro, performed relatively strongly. However, investors remain skeptical about whether the Bank of Japan will proceed with further rate hikes. Additionally, the rebound in U.S. stocks partially reflects an improvement in risk sentiment, reducing demand for the yen as a safe haven. This creates dual pressures on the yen. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The 15-minute chart for EUR/JPY shows the price within an upward range, with the potential for price corrections toward a demand zone to accumulate momentum. Long positions can be taken within the demand zone, with stop-losses placed below the lower boundary of the range and targets set at the upper boundary or recent highs.<img src="https://804483479.gieqd.com/cms/9eeba2d07dff49e8a4915a7e6207f0e0_1734965349591.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Recommendation:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Buy at 163.269 or better. Set a stop-loss below 163.136 and aim for a target of 163.401.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level: 163.136 Resistance Level: 163.472<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The above content is for reference only and does not represent the platform&#39;s stance. Maintain your own judgment and implement appropriate risk controls.

EUR/JPY Strategy - Non-U.S. Currencies Extend Rebound, Uncertain Outlook for JPY Bulls

<h3 dir="ltr" style="line-height:1.38;margin-top:14pt;margin-bottom:4pt;">Fundamental Analysis:</h3><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Last Friday&#39;s U.S. November PCE data came in lower than expected, easing market concerns about the Fed&#39;s rate policy outlook. This paused the rise in U.S. Treasury yields and the dollar, providing room for a rebound in non-U.S. currencies. As a result, short-term long positions in non-U.S. currencies may be considered. However, several Federal Reserve officials delivered hawkish remarks, indicating that the outlook for rate cuts next year remains bleak. Thus, the rebound of non-U.S. currencies may be limited.<h4 dir="ltr" style="line-height:1.38;margin-top:12pt;margin-bottom:2pt;"><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:</h4><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The 15-minute chart shows higher highs and lows, indicating a bullish trend. Two batches of funds can be used for a low-entry long strategy. If the price breaks below the previous low, stop-loss measures should be applied. Take-profit targets can be set at extended levels of the price increase.<img src="https://804483479.gieqd.com/cms/65535078ae7141f69af928566b595683_1734952693059.png" title="" alt=""/><h4 dir="ltr" style="line-height:1.38;margin-top:12pt;margin-bottom:2pt;"><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading Recommendation:</h4><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Enter GBP/USD long positions at <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">1.25844<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> and <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">1.25664<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">. Set a stop-loss at <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">1.25372<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">, with a target at <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">1.26316<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">: 1.25372 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Resistance Level<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">: 1.26316<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">[This content is for reference only and does not represent the platform&#39;s stance. Investors should exercise their own judgment, manage risks carefully, and be responsible for their own gains and losses.]<div><span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

GBP/USD Strategy - U.S. PCE Below Expectations, Non-U.S. Currencies Short-Term Appreciation

Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Yesterday, both the Federal Reserve (Fed) and the Bank of England (BoE) announced their interest rate decisions. While the Fed cut rates, the BoE maintained its rates. Logically, this should have been bullish for GBP/USD. However, GBP/USD dropped significantly following these announcements.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The main reason lies in the differing policy outlooks between the two central banks. For the Fed, the projected rate cuts for next year were reduced by 50 basis points compared to the previous outlook, with hints at a potential pause in rate cuts, causing the USD to rally. Meanwhile, the BoE faced internal dissent, with some officials opposing holding rates steady, and the policy statement shifted toward a gradual easing path, signaling the possibility of accelerated rate cuts in the future.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">This divergence in policy outlooks and the potential widening of interest rate differentials have led to a significant drop in GBP/USD. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">On the GBP/USD 1-hour chart, after rebounding from the initial range lows, the pair resumed its downtrend, breaking recent lows. The moving averages are aligned in a bearish pattern, indicating a bearish structure. However, the KD indicator remains in a golden cross, suggesting a potential short-term rebound.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Avoid entering long positions on rebounds in a bearish market. Wait for a rebound to the resistance level of 1.2530 to initiate a light short position, targeting 1.2460 with a stop loss at 1.2595.<img src="https://804483479.gieqd.com/cms/857608253e1149cf850bfe6aa62dca6a_1734716788753.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading Recommendations: <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Sell Lightly near resistance at 1.2530.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Target: 1.2460. Stop Loss: 1.2595.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level: 1.2460 Resistance Level: 1.2530 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The above analysis is for reference only and does not represent the platform&#39;s stance. Stick to your own strategy and implement appropriate risk management.

GBP/USD Strategy - Diverging Policies Lead to Significant Drop in GBP/USD

Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Yesterday, the Bank of Japan (BoJ) maintained its interest rates, with Governor Kazuo Ueda stating that more time is needed to evaluate domestic wage growth and the impact of new U.S. policies. These effects are expected to become clearer by March to April next year. Additionally, Ueda downplayed the impact of yen depreciation on import inflation and did not emphasize the urgency of raising rates, leading to the yen&#39;s continued weakness. However, looking ahead, the yen&#39;s rapid short-term depreciation could attract government attention, raising the possibility of intervention. It is also worth noting whether the trend might reverse due to overextension. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">On the one-hour chart, USD/JPY surged to a new high before pulling back, forming a recent low. This indicates increased selling pressure above. If subsequent rebounds fail to break resistance, the trend may undergo further downward correction. Aggressive traders are advised to consider short positions.<img src="https://804483479.gieqd.com/cms/d8f73af34f14401296a0e57e2b88b4f1_1734701099019.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading Recommendations:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Short at 157.27, with a stop-loss above 157.95, and target 155.05–156.15.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support level: 155.05 Resistance level: 157.27 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Disclaimer: Trading involves certain risks, and these recommendations do not guarantee profit. Investors should assess their capital and position management capabilities.

USD/JPY Strategy - BoJ's Conservative Stance Weakens Yen to Recent Lows

<h4 dir="ltr" style="line-height:1.38;margin-top:12pt;margin-bottom:2pt;"><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Fundamental Analysis:</h4><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The bearish impact of the Federal Reserve&#39;s hawkish interest rate decision continues to weigh on precious metals. Looking ahead, although current inflation data suggests only a slight increase in U.S. inflation, the risk of a significant resurgence in inflation is low. However, strong economic performance may still lead to the risk of interest rate hikes. Some investors have already started pricing in the possibility of rate hikes. Against this backdrop, the U.S. dollar may continue to rise, putting pressure on precious metals.<h4 dir="ltr" style="line-height:1.38;margin-top:12pt;margin-bottom:2pt;"><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:</h4><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The one-hour chart shows lower highs and lower lows, indicating the current trend is bearish. Therefore, short positions can be established in two batches. Stop-loss should be placed above the previous high, and the take-profit target is set at the extended downward range.<img src="https://804483479.gieqd.com/cms/5bb9a7d0691544b695f47a5227b40df9_1734696313829.png" title="" alt=""/><h4 dir="ltr" style="line-height:1.38;margin-top:12pt;margin-bottom:2pt;"><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading Recommendations:</h4><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Short silver at <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">29.102<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> and <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">29.331<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">, with a stop-loss at <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">29.700<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> and a target at <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">28.505<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support level<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">: 28.505 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Resistance level<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">: 29.700<span style="font-size: 11pt; font-family: Arial, sans-serif; font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Disclaimer: The above content is for reference only and does not represent the platform&#39;s stance. Investors should exercise their judgment, manage risks effectively, and take responsibility for their profits and losses.<div><span style="font-size: 11pt; font-family: Arial, sans-serif; font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

Silver Strategy - Market Pricing Interest Rate Risk, Silver Extends Downtrend

<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Strategy for USD/CAD: Fed Reduces Rate Cut Expectation, USD/CAD Continues to Climb<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Fundamental Analysis<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">This morning&#39;s Federal Reserve interest rate decision met market expectations with a 25 basis point rate cut. However, the market had already fully priced in the cut, so the U.S. dollar did not weaken as a result. Instead, the subsequent dot plot revealed that rate cut expectations for next year have been reduced to 50 basis points, down by 50 basis points compared to the previous meeting. Furthermore, Fed Chair Jerome Powell&#39;s remarks hinted at a pause in rate cuts, which delivered a more hawkish tone. Consequently, the U.S. dollar strengthened significantly. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">In contrast, comparing this to last week&#39;s statement from the Bank of Canada, the interest rate differential between the two central banks is likely to widen, which has led to USD/CAD repeatedly reaching new highs recently. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">On the USD/CAD hourly chart, the pair is trending upwards along the moving averages and consistently reaching new highs. The moving averages remain in a bullish arrangement, suggesting a strong upward bias. However, the KD indicator remains in a bearish crossover, indicating a potential short-term pullback after the recent rally. Avoid shorting during pullbacks, and instead wait for support near 1.4340 to enter long positions with light volume. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Target: 1.4460 Stop Loss: 1.4260<img src="https://804483479.gieqd.com/cms/bab15d65aee74577a6fb10b23a7f4f70_1734632564050.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading Recommendations<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Wait for a pullback to support at 1.4340, then enter a long position with a target of 1.4460 and a stop loss at 1.4260. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level: 1.4340 Resistance Level: 1.4460 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Disclaimer: This analysis is for informational purposes only and does not represent the platform&#39;s stance. Stay firm in your own strategy and implement proper risk management.

Strategy for USD/CAD: Fed Reduces Rate Cut Expectation, USD/CAD Continues to Climb

<h4 dir="ltr" style="line-height:1.38;margin-top:12pt;margin-bottom:2pt;"><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Fundamental Analysis:</h4><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The Federal Reserve&#39;s rate decision concluded yesterday. With robust US economic and employment data, the pace of inflation decline may slow. Additionally, Fed Chair Jerome Powell mentioned that future rate cuts will proceed cautiously, creating a hawkish outlook that pressured non-USD currencies. Earlier, the Bank of Japan kept its monetary policy unchanged, citing significant uncertainties domestically and internationally, disappointing yen bulls who had expected a rate hike. This further exacerbated the yen&#39;s depreciation. If Governor Kazuo Ueda’s upcoming remarks remain dovish, the yen may continue to weaken.<h4 dir="ltr" style="line-height:1.38;margin-top:12pt;margin-bottom:2pt;"><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:</h4><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">On the 1-hour USD/JPY chart, relative highs and lows continue to rise, with new short-term highs indicating stronger buying momentum. If subsequent pullbacks do not break previous support levels, the upward trend may persist. A bullish bias is recommended.<img src="https://804483479.gieqd.com/cms/b648f26714724269a98fe103211ca474_1734616269386.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading Recommendation:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Enter a <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">long position<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> at 154.84.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Stop-loss<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">: Below 154.00. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Target<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">: 155.90.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">: 154.84 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Resistance Level<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">: 155.90<span style="font-size: 11pt; font-family: Arial, sans-serif; font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Disclaimer: Trading involves risks, and the above recommendation is not a guarantee of profit. Investors should assess their own funds and risk management strategies.

USD/JPY Strategy - Awaiting the BOJ Governor's Speech, Will the Yen Continue to Depreciate?

Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The Federal Reserve&#39;s rate decision signals a hawkish stance, with the dot plot suggesting a halving of next year&#39;s rate cuts, indicating a possible reduction of only 50 basis points in 2024. Additionally, Federal Reserve Chair Jerome Powell’s hawkish remarks emphasized a more cautious approach to future rate adjustments. This hawkish tone has raised concerns among some investors about potential rate hikes next year, leading to a sharp decline in precious metals. Looking ahead, if US Treasury yields continue to approach the 5% threshold, gold and silver may face further downside pressure. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">A 30-minute chart shows lower highs and lower lows, indicating a bearish trend. A two-tiered short strategy can be employed, with stop-loss placed above the recent high and profit-taking at the extended downtrend levels.<img src="https://804483479.gieqd.com/cms/c26837566b2d49698074d0efb7cc8343_1734607120917.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading Recommendation: <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Sell Gold at 2604.94 and 2618.31.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Stop-loss: 2639.95. Target: 2569.93.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level: 2569.93 Resistance Level: 2639.95 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Disclaimer: The above content is for reference only and does not represent the platform&#39;s position. Investors should exercise independent judgment, manage risks, and take responsibility for their own profits and losses.<div><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

 Gold Strategy - US Treasury Yields Above 4.5%, Precious Metals Plunge

<h4 dir="ltr" style="line-height:1.38;margin-top:12pt;margin-bottom:2pt;">Fundamental Analysis:</h4><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Yesterday, the UK’s three-month average earnings including bonuses rose from 4.4% to 5.2%, hindering the inflation reduction process and causing traders to reduce bets on Bank of England rate cuts next year. The Bank of England is now expected to cut rates by about 55 basis points by the end of 2025, compared to the previous forecast of 72 basis points. This provided temporary strength to the British pound.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">However, with the UK unemployment rate at 4.63%, the Bank of England still faces pressure to cut rates. Additionally, the U.S. November retail sales data showed strong performance, recording a 0.7% increase, beating the previous figure of 0.5%. This suggests that the Federal Reserve may slow down the pace of rate cuts next year. The difference in monetary policy flexibility between the two central banks is weakening GBP/USD&#39;s rebound momentum.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">On the 1-hour chart, GBP/USD has been fluctuating and rising from its low, temporarily forming a bullish pattern with dual moving averages. However, the overall downward structure has not completely changed. Additionally, the candlesticks have twice tested and been rejected at the lower edge of the previous fluctuation range. Therefore, traders without positions can still consider entering short positions at the current resistance level.<img src="https://804483479.gieqd.com/cms/d267a9bef7bf41cb94416b478454b730_1734544873910.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading Recommendations:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Short GBP/USD at 1.2683.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Target: 1.2613. Stop-loss: 1.2729.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> 1.2613 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Resistance Level:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> 1.2728<span style="font-size: 11pt; font-family: Arial, sans-serif; font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Note: The above content is for reference only and does not represent the platform&#39;s stance. Maintain your strategy and implement appropriate risk controls.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">

GBP/USD Strategy – Strong U.S. Retail Data, GBP/USD Shows Weakness

<h4 dir="ltr" style="line-height:1.38;margin-top:12pt;margin-bottom:2pt;">Fundamental Analysis:</h4><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Yesterday, the UK’s November claimant count for unemployment benefits was revised down from the previous value of 26,700 to -10,900. Additionally, the November unemployment rate fell from 4.7% to 4.63%, and average wages increased, reflecting an improvement in employment conditions. After the data release, the market quickly reduced its expectations for a Bank of England rate cut, providing some support to GBP/USD performance.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">On the other hand, with the U.S., Japan, and UK central banks all holding rate decisions tomorrow, the U.S.&#39;s ability to withstand risks remains stronger than other countries. Furthermore, policies under Trump could further bolster the dollar. As a result, non-USD currencies are anticipated to face short-term correction risks.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">On the GBP/USD 1-hour chart, the pair climbed higher but then retreated and hit new recent lows, indicating increased selling pressure. If the subsequent rebound fails to reclaim the resistance level, the pair may have further downside correction potential. Aggressive traders are advised to adopt a bearish approach.<img src="https://804483479.gieqd.com/cms/95d04ecf761a42b88350a0a99a963fb3_1734538151575.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading Recommendations:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Short GBP/USD at 1.2707.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Stop-loss: Above 1.2730. Target: 1.2653–1.2682.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> 1.2653 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Resistance Level:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> 1.2707<span style="font-size: 11pt; font-family: Arial, sans-serif; font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Note: Trading involves risk, and these suggestions do not guarantee profit. Investors should evaluate their own capital and position management strategies.

GBP/USD Strategy – Awaiting Rate Decisions, GBP May Retreat

Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The market is digesting expectations that the Federal Reserve may reduce the scope of rate cuts next year. This has caused the USD rally to pause, giving room for non-USD currencies to breathe. Looking ahead, considering the typical Christmas rally in U.S. equities at the end of the year, it is expected that Fed Chair Powell may avoid overly hawkish remarks that could dampen market sentiment. This will likely support a continued short-term rebound for non-USD currencies. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The 30-minute chart shows lower highs and lower lows, indicating a bearish trend. It is suggested to deploy a two-part strategy for short positions. Stop-loss should be placed above the previous high, with take-profit aimed at the extended drop level.<img src="https://804483479.gieqd.com/cms/eaba8922bf3e429e88656f8b728f9dc3_1734520401497.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading Recommendations:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Short USD/JPY at 153.478 and 153.677. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Stop-loss: 153.997. Target: 152.960.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level: 152.960 Resistance Level: 153.997 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Note: The above content is for reference only and does not represent the platform&#39;s position. Investors should exercise their judgment, manage risks appropriately, and take responsibility for their own profits and losses

USD/JPY Strategy – USD Rally Pauses, Non-USD Currencies Rebound

Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Yesterday&#39;s data showed a decline in US manufacturing, but the service sector saw significant growth, continuing previous industry trends and highlighting that the service sector remains a key support for the US economy. The composite PMI also moved upward, keeping the market optimistic about the US economy and strengthening the dollar, which adds upward momentum to USDCAD. Additionally, last week&#39;s data showed inflation heating up, coupled with stable economic and employment data. While this won&#39;t affect the Fed&#39;s rate cuts this week, it changes market expectations regarding future monetary policy easing, leading to continued dollar strength, potentially impacting non-US currencies. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">On the 1-hour chart, USDCAD is moving upward along the moving average line and has consistently reached new highs, with the moving averages in a bullish alignment, indicating a positive outlook. However, the KD indicator has formed a death cross in the overbought zone, suggesting a potential short-term pullback. It is advised not to short against the trend during pullbacks. Instead, wait for a retracement to the 1.4240 support level to enter light long positions, with a target of 1.4350 and a stop loss at 1.4190.<img src="https://804483479.gieqd.com/cms/ba22e085ee1c430593110c58108fc493_1734459860942.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading Recommendation:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Wait for a retracement to the 1.4240 support level to enter light long positions. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Target: 1.4350 Stop Loss: 1.4190<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support: 1.4240 Resistance: 1.4350 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The above content is for reference only and does not represent the platform&#39;s stance. Stick to your own strategy and manage risks appropriately.

USDCAD Strategy - US Economy Stabilizes Further, USDCAD Continues to Rise

Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Recently, German Chancellor Olaf Scholz lost the parliamentary vote of confidence, paving the way for early elections in Germany in February. However, the euro was not significantly affected by this negative development, mainly because the fragmented coalition government is expected to end. Additionally, high market expectations for a December rate cut by the Federal Reserve have supported the euro&#39;s performance.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Looking ahead, no single party in Germany is likely to win an absolute majority, meaning coalition negotiations will likely persist. Moreover, the Eurozone faces political and trade risks in the future. As such, the euro&#39;s short-term rebound should be approached cautiously.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">On the EUR/USD 1-hour chart, the price is moving higher with relatively higher highs and lows, indicating increasing buying strength. If the price pulls back and holds above previous support levels, it will help maintain the recovery trend. Short-term long positions are recommended.<img src="https://804483479.gieqd.com/cms/3e2d97c0d1304c07b12fe3c4dceae3de_1734445226555.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading Recommendation:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Buy EUR/USD at <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">1.0498<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Stop-loss: Below <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">1.0479<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">. Target: <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">1.0538 - 1.0567<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> 1.0498 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Resistance Level:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> 1.0567<span style="font-size: 11pt; font-family: Arial, sans-serif; font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading involves risk. The above recommendation does not guarantee profit. Investors should assess their own capital and position management.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">

EUR/USD Strategy - Political Fragmentation Limits Euro's Decline

Crypto-Friendly Officials to Take Office; Bitcoin Gradually Stands Firm at $100,000<span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Review of Last Week<span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"><img src="/ueditor/net/upload/image/20241217/6387003729216895891993045.png" title="" alt=""/><img src="https://804483479.gieqd.com/cms/dfa6c60460594b6aa31ddf12096412c9_1734440500521.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Earlier, U.S. November non-farm payrolls rose from 36,000 to 227,000, but this increase was largely due to statistical discrepancies caused by hurricane-related disruptions. The market had already anticipated the data rebound. Meanwhile, the U.S. unemployment rate climbed from 4.1% to 4.2%, leading markets to expect the Fed to maintain its dovish policy tone, supporting risk assets (U.S. stocks and cryptocurrencies). However, U.S. core CPI annual rate for November remained at 3.3%, and the November PPI annual rate surged from 2.6% to 3%, prompting profit-taking among some bullish crypto traders, causing Bitcoin and Ethereum to briefly experience corrective price moves.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Nevertheless, Ray Dalio, founder of Bridgewater Associates, warned that the U.S. is burdened with $35 trillion in debt, raising depreciation risks for the dollar and other currencies. Dalio advised investors to hold &quot;hard assets&quot; like gold and Bitcoin. Against this backdrop, Canada’s central bank cut rates by 50 basis points again, and the European Central Bank (ECB) delivered a 25-basis-point cut as expected, reinforcing Dalio’s warning and keeping buy-side interest in the crypto market strong.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">In addition, Gary Gensler, the SEC Chair known for his tough stance on crypto regulation, is set to leave office. Trump has nominated crypto-friendly Paul Atkins to succeed him as SEC Chair. Trump’s nominee for Commerce Secretary, Lutnick, is also a strong supporter of stablecoin Tether. Trump’s consideration to eliminate some regulatory bodies, such as the FDIC, OCC, and the Federal Reserve, is viewed positively by the crypto market. These developments are expected to increase U.S. tolerance towards digital assets, helping Bitcoin gradually hold firm at the $100,000 mark. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Outlook for This Week and Beyond<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The most important event this week will be the Federal Reserve’s interest rate decision early Thursday. The Fed will release its updated economic forecasts and dot plot, which will guide market expectations for the number and magnitude of rate cuts next year. Economists currently anticipate only three rate cuts next year. If the Fed maintains its outlook for four rate cuts, it will boost risk appetite and support the crypto market&#39;s bullish momentum. Additionally, keep an eye on whether Trump or Elon Musk propose more crypto-friendly policies or statements. 2025 could potentially be the strongest year for cryptocurrencies in recent times. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">On the BTC 4-hour chart, the price has pushed to a new historical high, keeping the dual moving averages aligned bullishly. A long upper wick has appeared, suggesting Bitcoin may pull back for consolidation. However, the overall upward structure remains clear. Traders without positions can consider entering long trades at short-term support levels, avoiding aggressive shorting.<img src="https://804483479.gieqd.com/cms/2e8a246880fd4e659963bc3f9aa73de0_1734440490962.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading Recommendations<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Buy Bitcoin on a pullback at 104,097 with a light position.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Target: 107,200. Stop-loss: 101,880.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">

Crypto Weekly Report

Fundamental Analysis:Recently, U.S. economic data has heightened market expectations that the Federal Reserve may slow its pace of rate cuts next year. As a result, U.S. Treasury yields have risen, widening the 10-year government bond yield spread between the U.S. and Japan. A wider yield spread makes the U.S. dollar more attractive relative to the yen, increasing depreciation pressure on the yen. If this week&#39;s dot plot suggests a reduced scale of rate cuts and Fed Chair Powell takes a hawkish stance, the U.S.-Japan yield spread may further widen, adding more pressure on the yen.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The 30-minute chart shows higher highs and lows, indicating a bullish trend. Two batches of funds can be deployed for low-entry long positions, with stop-losses below the previous low and targets set at the extended price level.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"><img src="https://804483479.gieqd.com/cms/96576e94321a48509561cb8f7a109535_1734435094942.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trade Recommendation:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Long USD/JPY at 154.081 and 153.836.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Stop-loss: 153.441. Target: 154.720.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> 153.441 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Resistance Level:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> 154.720<span style="font-size: 11pt; font-family: Arial, sans-serif; font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Disclaimer: The above content is for reference only and does not represent the platform&#39;s stance. Investors should exercise their judgment, manage risks properly, and take responsibility for their profits and losses.

USD/JPY Strategy - U.S.-Japan Yield Spread Widens, Yen Under Depreciation Pressure

Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Recently, the preliminary December Manufacturing PMI figures for Germany, France, and the Eurozone were released. While the Eurozone PMI remained unchanged at 45.2, the Manufacturing PMIs for France and Germany declined compared to previous values. This has strengthened the market&#39;s belief that last week&#39;s European Central Bank (ECB) rate cut was necessary, which is unfavorable for the euro. Additionally, the ECB&#39;s decision to lower next year&#39;s Eurozone GDP growth forecast by 0.2% reflects its pessimistic outlook on the economy. Coupled with the French government budget impasse and Germany&#39;s decision to hold early elections in February next year, the already weak economic environment is further plagued by political uncertainty, pushing EUR/USD into a bearish trend. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">On the 1-hour chart, EUR/USD has rebounded from its lows, forming a temporary golden cross on the moving averages. However, the overall downtrend structure remains intact, with the KD indicator resuming its downward movement. For those not holding positions, it is recommended to enter short positions near short-term resistance. For more aggressive traders, short positions can target the lowest level on the chart directly.<img src="https://804483479.gieqd.com/cms/27490837894049029424b6f0dbc880dc_1734373012393.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading Recommendations:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Sell EUR/USD on a rebound to 1.0520.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">First target: 1.0479 Second target: 1.0452 Stop loss: 1.0552<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support: 1.0479 Resistance: 1.0550 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Disclaimer: The above content is for reference only and does not represent the platform&#39;s stance. Stick to your own trading strategy and implement proper risk management.

EUR/USD Strategy - Eurozone Political and Economic Uncertainty Weighs, EUR/USD Shows a Bearish Bias

Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Reports indicate that Israel approved plans on Sunday to settle in the Golan Heights, a region it occupies. This adds potential geopolitical conflict risks. However, gold has not responded with a rebound, suggesting that the event’s safe-haven appeal is insufficient. On the other hand, investors currently believe that Trump’s new policies will increase inflation risks and delay future Federal Reserve rate cuts. Combined with the strong U.S. data released last week, the dollar is expected to gain short-term support, further limiting the rebound momentum of precious metals. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The 15-minute gold chart shows prices moving within a descending range, with potential for corrections to the supply and demand zone to accumulate momentum again. Therefore, short positions can be entered at the supply zone, with stop-loss set above the top of the range and targets at the bottom of the range to the current low.<img src="https://804483479.gieqd.com/cms/dfb99aa044de4b0493b3c48124eaaa0c_1734358179309.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Recommendation: <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Short at 2659.51 or better, stop loss above 2664.41, target 2654.61.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level: 2646.01 Resistance Level: 2664.41 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Disclaimer: The above content is for reference only and does not represent the platform&#39;s position. Stick to your own strategy and practice proper risk management.

Gold Strategy - Bulls Limited by Strong Dollar, Rebound Lacks Strong Support

Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Last week, the U.S. November PPI and CPI reports indicated signs of inflation rebounding. Additionally, U.S. employment data showed no urgency for the Federal Reserve to cut interest rates. As a result, the market is betting that the Fed may slow its pace of rate cuts, pushing the yield on the 10-year U.S. Treasury bond stronger, even approaching the 4.5% mark. This has placed pressure on precious metals. If this week’s interest rate decision and dot plot suggest a slowdown in rate cuts, it could further weaken precious metals. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The hourly chart shows lower highs and lows, indicating the current trend is bearish. Therefore, it is recommended to plan a short-selling strategy in two batches of funds. Set a stop loss if prices break above the previous high, and take profit at extended downside targets.<img src="https://804483479.gieqd.com/cms/889ffe1918b9407486c8a0a201cef51b_1734348978122.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading Recommendations:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Short silver at 30.592 and 30.784, set a stop loss at 31.095, and target 30.089. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level: 30.089 Resistance Level: 31.095<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The above content is for reference only and does not represent the platform&#39;s position. Investors should make their own judgments, manage risks carefully, and be responsible for their profits and losses.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">

Silver Strategy - Rising U.S. Bond Yields Put Pressure on Precious Metals

<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Ahead of the release of U.S. CPI data this evening, forex and commodity markets are experiencing intense short-term fluctuations, reflecting a fierce battle between bulls and bears. The probability of a Fed rate cut next week is now close to 90%, and regardless of the data, this expectation is unlikely to change. However, investors will use the data to assess policy directions for the next year. Most institutions currently predict that the Fed will pause rate cuts at its January meeting and adopt a cautious approach toward easing policies, as policies under U.S. President-elect Trump are likely to reignite inflationary pressures. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">For short-term trading, it&#39;s important to note that commodities, forex, and stock indices have all exhibited volatile upward and downward swings today, suggesting that traders are adjusting their positions ahead of the data release. This could indicate an increased risk of volatility this evening. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">On the 15-minute GBP/USD chart, prices are within an upward channel. If prices correct to the supply and demand zone, long positions can be entered in this zone before the correction is complete. Stop-loss should be placed below the bottom of the range, and targets can be set at a 1:1 risk-reward ratio or extended to the current high as a flexible goal.<img src="https://804483479.gieqd.com/cms/1a3667182451429a86de3359ef36987f_1733942286077.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Recommendation: Enter long at 1.27443 or better, with a stop loss below 1.27234 and a target at 1.27653.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level: 1.27234; Resistance Level: 1.27794 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">[The above content is for reference only and does not represent the platform&#39;s position. Stick to your strategy and implement proper risk control.]<div><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

GBP/USD Strategy - U.S. Inflation Data to Be Released, High Volatility Across Commodities Today

<span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Last Week&#39;s Review<span style="font-size: 12pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"><img src="https://804483479.gieqd.com/cms/5ef2d681d65b4bb48548465dbc8025c4_1733937452333.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Bitcoin experienced a pullback after breaking through $100,000 for the first time last week, setting a new all-time high, leaving traders at the top caught in a double loss of long and short positions.The digital currency market surged upon news that U.S. presidential candidate Trump is expected to nominate crypto-friendly Paul Atkins as SEC Chairman. Additionally, with prices continuously climbing, many retail traders, driven by FOMO, began chasing higher prices. This rally was largely driven by leverage trading platforms, and under the backdrop of extreme greed in market sentiment, the natural pullback has likely triggered liquidations among traders chasing the highs, creating selling pressure. This, in turn, has attracted buyers at lower levels, amplifying short-term market volatility.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">This Week and Future Outlook:With the Federal Reserve&#39;s final rate decision of the year approaching next week, investors are expected to shift their focus back to policy stances and economic performance. This week, the U.S. CPI and PPI data will be released. Following last week&#39;s lukewarm employment figures, the market will pay close attention to price data. Although next week&#39;s rate cut by the Fed is almost certain, the various uncertainties expected after Trump&#39;s inauguration in January will prompt the market to assess next year&#39;s policy steps in advance based on data, which will affect the short-term performance of various assets. <img src="https://804483479.gieqd.com/cms/ddd20e68ec64499bb8d6a4c403c48fb9_1733937445905.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">ETH/USDT shows a bullish trend on the 4-hour chart. However, chasing highs involves significant pullback risks. Therefore, it is recommended to wait for a pullback to a previous range to set up long positions, targeting a return to the current high.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Long positions can be entered at 3859.38, with a stop loss set below 3763.73 and a target of 4087.71 or higher after securing breakeven.<div><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

Crypto Weekly Report - New Government Policies Bring Positives, but Volatility Risks Need Attention

Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Yesterday, the final figure for U.S. Q3 non-farm unit labor costs fell from 1.9% to 0.8%, but this did not provide much support for the euro. Additionally, the November NFIB Small Business Optimism Index showed a notable increase, aligning with previous surveys released by the New York Fed, continuing to support the U.S. dollar. On the euro side, France&#39;s political situation has turned unstable, and the eurozone&#39;s economy shows no signs of improvement. Furthermore, under Trump&#39;s administration, the eurozone might face tariff threats. Compared to the strong U.S. economic outlook, the euro appears weaker in the short term. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">On the EUR/USD hourly chart, the price broke through previous support levels, hitting new recent lows, with downward-sloping moving averages indicating strong selling pressure. If the subsequent rebound fails to reclaim resistance levels, the downtrend is likely to continue. Therefore, a short position is recommended.<img src="https://804483479.gieqd.com/cms/554e9b4079d34d14bc123114c1366666_1733930763023.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading Suggestion:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Sell short at 1.0534, with a stop loss above 1.0567 and a target of 1.0480–1.0501.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level: 1.0480; Resistance Level: 1.0534 <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading involves certain risks. Recommendations are not guaranteed profits. Investors should assess their own capital and risk management.<div><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

EUR/USD Strategy - Strong U.S. Economy Puts Selling Pressure on the Euro

Fundamental Analysis:Tonight, the Bank of Canada is set to announce its rate decision. Considering recent developments in oil prices, economic performance, and inflation trends, the likelihood of the Bank of Canada maintaining a loose monetary policy stance is high. The market anticipates a further 50-basis-point rate cut in this meeting. Additionally, these factors may prompt the Bank of Canada Governor&#39;s subsequent statements to lean dovish, making the Canadian dollar relatively weak. This contrasts with the US Federal Reserve&#39;s recent cautious stance on rate cuts, suggesting a potential widening of the interest rate differential between the two central banks. This divergence could further highlight the strength of the US dollar over the Canadian dollar, paving the way for USD/CAD to rise again.Technical Analysis: On the USD/CAD hourly chart, the pair has rebounded from support levels and resumed its upward trend, setting new recent highs. This indicates a bullish pattern. If the subsequent pullback to the support level holds without breaking below, the upward trend is expected to continue. Therefore, it is recommended to take a light long position at the 1.4155 support level, with a target of 1.4260 and a stop loss at 1.4090. <img src="https://804483479.gieqd.com/cms/c71d1dbd81af44c6b3125bae96c90077_1733922472966.png" title="" alt=""/>Trading Suggestion: Enter a light long position at the 1.4155 support level, with a target of 1.4260 and a stop loss at 1.4090. Support Level: 1.4155; Resistance Level: 1.4260.The above content is for reference only and does not represent the platform&#39;s position. Stay firm in your own strategy and implement proper risk control.

Canada-US Strategy: Awaiting Central Bank Rate Decision – Significant Rate Cuts May Weaken the Canadian Dollar

Fundamental Analysis:Yesterday&#39;s crude oil movement was mixed, primarily reflecting uncertainty from fundamental factors. Geopolitically, the potential collapse of the Assad regime in Syria might bring changes to Middle Eastern stability. Although Syria is not a major oil producer, the power vacuum could indirectly affect Russia and Iran. Additionally, investors remain cautious about the effectiveness of China&#39;s fiscal and monetary policies. In the short term, fundamental uncertainties are high and generally require time to assess their impact, leading to potentially significant oil price fluctuations.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">On the hourly chart for US Oil, the price rebounded sharply after breaking below a previous low and reached a new recent high, indicating strong buying momentum and the potential to reverse the prior weaker trend. If subsequent pullbacks hold above previous support levels, it could help maintain the upward movement. Thus, short-term long positions are recommended.<img src="https://804483479.gieqd.com/cms/edcc767de313496ab3a09768ce6004d2_1733916485529.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading Recommendation:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Suggested entry: Long at 68.22, with a stop loss below 67.60. Target: 68.89–69.49.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level: 68.22 Resistance Level: 69.49<span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Trading carries risks, and the suggestions provided are not a guarantee of profit. Investors should evaluate their capital and position management.<div><span style="font-size: 11pt; font-family: Arial, sans-serif; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;"> </div>

US Oil Strategy - High Uncertainty, Volatile Oil Prices

Fundamental Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The announcement of China&#39;s renewed gold purchases has bolstered market optimism for precious metals. Additionally, the recent escalation in tensions in Syria has increased demand for safe-haven assets, benefiting the gold and silver markets. In the short term, traders can follow the momentum. Looking ahead, the Federal Reserve&#39;s interest rate policy will continue to influence precious metals. Given the potential slowdown in the Fed&#39;s rate-cutting pace, the upside for precious metals may be limited. <span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Technical Analysis:<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">The one-hour chart shows higher highs and higher lows, indicating a bullish trend. The 61.8% Fibonacci retracement level of the latest upward movement theoretically provides support, making it a good point to go long. If the price breaks below the previous low, the trend may reverse, and long positions should be stopped out. Profit-taking is advised near the previous high, as the rally has previously halted there.<img src="https://804483479.gieqd.com/cms/665305de2e284a5484f1f9d9f8366a62_1733853220113.png" title="" alt=""/><span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Silver: Consider buying below 31.394, with a stop-loss at 30.855 and a target of 32.267 (adjust for spreads accordingly).<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Support Level: 30.855 Resistance Level: 32.267<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">Disclaimer: The above information is for reference only and does not represent the platform&#39;s stance. Stick to your strategy and implement proper risk control.<span style="font-size: 11pt; font-family: Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; vertical-align: baseline; white-space: pre-wrap;">