Market Sentiment
The market is currently slightly risk on with traders focusing on USD strength after recent data interest rate expectations and ongoing geopolitical headlines
USD US Dollar
USD remains strong overall supported by high interest rates and stable economic data still dominating against weaker currencies
Bias Bullish Buy on dips
EURUSD
Pair is under selling pressure Euro remains weak due to slower growth outlook
Outlook Bearish
Key idea look for sell opportunities
Support zone 1.0700
Resistance 1.0850
GBPUSD
GBP showing mixed movement struggling to break higher levels
Outlook Sideways to slight bearish
Sell below resistance zones
USDJPY
Strong bullish trend continues BOJ still keeping loose policy
Outlook Bullish
Buy on pullbacks
Gold XAUUSD
Gold slightly pulling back strong USD putting pressure
Outlook short term bearish but long term still bullish
Oil WTI
Oil holding strong due to supply concerns
Outlook Bullish
Supports CAD strength
Top Trade Ideas Today
Sell EURUSD
Buy USDJPY
Watch GBPUSD for breakout
Gold wait for confirmation
Important News to Watch
US economic data GDP Inflation
Central bank statements
Any geopolitical updates