Monthly Archives: July 2025
Chart the Market (09/07/2025)
Written on July 9, 2025 at 6:49 am, by
XAUUSD, H4: Gold prices slipped below the 61.8% Fibonacci retracement level at $3,290.00, raising concerns over a potential break in the metal’s bullish structure. The move suggests that if gold fails to find support above the prevailing downtrend line, further downside could materialize, reinforcing a bearish outlook. Momentum indicators are also aligning with the negativeContinue Reading
Dollar Strengthens on Fresh Tariff Measures as Markets Eye Trade Uncertainty
Written on July 9, 2025 at 3:38 am, by
Key Takeaways:*The Dollar Index rose to 97.84, a two-week high, after President Trump unveiled a surprise 50% tariff on imported copper alongside broader tariff hikes targeting 14 nations *The move is viewed as an attempt to counterbalance fiscal concerns sparked by the recently passed “Big and Beautiful” tax cut bill, which had previously pressured theContinue Reading
Kiwi Slips Ahead of RBNZ Rate Decision as Markets Eye Chinese CPI
Written on July 9, 2025 at 3:37 am, by
Key Takeaways:*The New Zealand dollar softened as markets brace for the RBNZ policy meeting, with most economists expecting rates to remain on hold at 3.25%. *Tomorrow’s China CPI release could influence the NZD, with signs of Chinese economic recovery potentially offering near-term support for the currency. Market Summary: The New Zealand dollar softened in theContinue Reading
