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· 24 days ago
Soft CPI Unlikely to Fuel a Lasting Gold Rally
Global markets are nervously anticipating the release of the U.S. Consumer Price Index (CPI).
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AUD/USD climbs as Chinese Yuan strength supports the Aussie
AUD/USD climbs as Chinese Yuan strength supports the Aussie
Gold Defends $4,000 Level as Strong Dollar Caps Gains
The gold market has fallen during most of the week, as we continue to see the US dollar cause issues for gold bulls. It looks as if we are at a major point of inflection.
Silver Faces Pressure as Elevated Bond Yields Deter Buyers
Silver continues to struggle with anything close to momentum, as we are looking at a situation where the lack of yield remains a problem in the higher-rate environment.
British Pound Forecast: GBP/USD Recovery Vulnerable Below Major Resistance
The battle for control of GBP/USD is shifting back to a familiar battleground. After recovering sharply from support at the yearly lows, Sterling is once again confronting the yearly open and a major Fibonacci resistance zone that rejected price just weeks ago.
Silver Targets Potential Drop to $50 If Bears Break $57
As long as interest rates and the US dollar continue to be elevated, I think silver will continue to be a bit sluggish. On Friday, we continue to watch this play out.
Gold –10.07.2026
Gold managed to hold support at 4020-30 yesterday to meet the target of 4100 and above. As we see over the chart, prices remain inside a triangle formation with support at 4050 and resistance at 4140.
USD/JPY –10.07.2026
USDJPY managed to pass above the short-term resistance zone of 161.95 which shows a strong advance still ongoing. Prices fell toward 160.50-70 on the suspected intervention before bouncing back.
GBP/USD –10.07.2026
GBPUSD managed to test the resistance zone at 1.3400-30 in the last few days before a market correction. As we see over the previous chart and as long as prices remain below this resistance, another retreat toward 1.3305 and 1.3160 could hit the market.
EUR/USD –10.07.2026
EURUSD is still holding above the Intraday support at 1.1380 while the advance scenario still applies. Traders need to watch the support of 1.1380 as the market still has a chance to move higher.
Gold Sideways as Strong Dollar Limits Upside Momentum
Until we see a weaker US dollar, gold will continue to look a bit soft, leaving only short-term buying opportunities. Gold remains a lackluster market to deal with at the moment.
GBP/JPY Price Forecast: Bulls remain in control with RSI and MACD in positive territory
GBP/JPY Price Forecast: Bulls remain in control with RSI and MACD in positive territory
EUR/USD Daily Outlook
EUR/USD is still bounded in consolidations above 1.1323 and intraday bias remains neutral. . With 1.1499 support turned resistance intact, further decline is expected.
USD/JPY Daily Outlook
USD/JPY falls sharply today but still it's bounded in range below 162.83. Intraday bias remains neutral and more consolidations would be seen.
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains on the upside for the moment. Firm break of 1.3459 will argue that whole correction from 1.3867 has completed, and target 1.3657 resistance for confirmation.
AUD/USD Daily Report
Intraday bias in AUD/USD remains neutral as consolidations continue above 0.6864. Further fall is expected as long as 0.6977 support turned resistance holds.