1. Forex – U.S. Dollar and Major Currencies
U.S. Dollar Index (DXY): The dollar rebounded toward the end of the week following the Federal Reserve’s 25-basis-point rate cut.
EUR/USD: The pair retreated from near 1.1920 to 1.1760 after stronger-than-expected U.S. labor market data.
GBP/USD: Remained range-bound with limited reaction to the Bank of England meeting.
2. Gold (XAU/USD)
Gold extended its rally, trading around $3,680–$3,685 per ounce.
Support: $3,600 – $3,560
Resistance: Around $3,700
Key drivers: Expectations of further U.S. rate cuts, weaker real yields, and ongoing economic uncertainty.
3. Oil (Brent / WTI)
Oil prices fluctuated within a narrow range.
Brent: Hovered around $67–$68 per barrel.
WTI: Traded near $63–$64 per barrel.
Market factors: Concerns over weaker U.S. demand, rising inventories, and renewed geopolitical risks after attacks on Russian facilities.
The market remained caught between oversupply pressure and geopolitical support.
4. Technical and Trading Overview
Gold: Recorded its fifth consecutive weekly gain.
Dollar Index: Consolidating between resistance at 98.60 and support at 97.70.
Euro and Pound: Facing mild corrective movements.
Market Focus: Investors await upcoming U.S. inflation data and the next monetary policy signals from the Federal Reserve.
