This site uses cookies to provide you with a great user experience. By visiting monetamarkets.com, you accept our cookie policy.
Allow all
This site uses cookies to provide you with a great user experience. By visiting monetamarkets.com, you accept our cookie policy.
Allow all
This website is operated by Moneta Markets Ltd, which is not authorised or regulated by the UK Financial Conduct Authority (FCA) and does not offer or promote services to UK residents. Access to this website is restricted in the UK and the content is not intended for distribution to, or use by, any person located in the UK. If you believe you have reached this website in error, please exit the page now
Please note that Moneta Markets operates this website and its services are not directed at residents of your jurisdiction.
The information on this site is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
If you have arrived here in error, we kindly advise you to exit the site.
Continue to Site
English
Global forex and commodity markets are turning increasingly defensive as stronger US economic data and rising expectations of a more hawkish Federal Reserve continue fueling broad US Dollar strength. Precious metals remain under pressure, oil prices are softening despite lingering geopolitical tensions in the Middle East, and commodity-linked currencies such as the Canadian Dollar are struggling against renewed USD momentum as traders reprice interest rate expectations.
WTI crude oil is holding losses near the $97.50 level as shipping activity through the Strait of Hormuz resumes, easing immediate supply disruption concerns. Market sentiment has also softened due to stronger USD momentum.
• Geopolitical Risks: Continued vessel movement through Hormuz is reducing immediate supply fears.
• US Economic Data: Stronger US data is boosting the Dollar and pressuring commodities.
• FOMC Outcome: Hawkish Fed expectations are weighing on global demand sentiment.
• Trade Policy: Stable trade conditions continue supporting baseline energy demand.
• Monetary Policy: Higher-for-longer rate expectations are limiting aggressive oil upside.
• Trend: Neutral to bearish.
• Resistance: $100.50
• Support: $95.80
• Forecast: Further downside possible if USD strength persists.
• Market Sentiment: Cautiously bearish.
• Catalysts: Middle East developments and US macroeconomic data.
Gold price (XAU/USD) is declining for a fourth consecutive session as hawkish Fed expectations and geopolitical uncertainty continue supporting the US Dollar. The metal remains pressured by rising real yield expectations.
• Geopolitical Risks: Ongoing geopolitical tensions are supporting defensive USD demand.
• US Economic Data: Stronger economic data continues reinforcing hawkish Fed pricing.
• FOMC Outcome: Markets are increasingly pricing prolonged elevated interest rates.
• Trade Policy: Stable global trade conditions offer limited support for Gold.
• Monetary Policy: Higher interest rates continue pressuring non-yielding assets.
• Trend: Bearish.
• Resistance: $4,680
• Support: $4,520
• Forecast: Further weakness possible while USD remains firm.
• Market Sentiment: Bearish.
• Catalysts: Fed commentary and US economic releases.
The US Dollar Index (DXY) has climbed above the 99.00 level following stronger US data and growing expectations that the Federal Reserve may maintain restrictive policy for longer than previously expected.
• Geopolitical Risks: Global uncertainty continues driving safe-haven demand toward USD.
• US Economic Data: Strong economic indicators are reinforcing Dollar strength.
• FOMC Outcome: Hawkish Fed repricing is supporting Treasury yields and USD demand.
• Trade Policy: Stable macroeconomic conditions continue favoring the Dollar.
• Monetary Policy: Higher-for-longer expectations remain the dominant market theme.
• Trend: Bullish.
• Resistance: 100.20
• Support: 98.40
• Forecast: Upside momentum likely to continue while data remains supportive.
• Market Sentiment: Bullish.
• Catalysts: Fed speakers and upcoming inflation data.
USD/CAD is advancing as a stronger US Dollar and softer oil prices continue pressuring the Canadian Dollar. The pair reflects renewed divergence between USD strength and weakening commodity sentiment.
• Geopolitical Risks: Reduced oil supply fears are limiting support for CAD.
• US Economic Data: Strong US data continues supporting USD/CAD upside.
• FOMC Outcome: Hawkish Fed expectations favor USD strength over CAD.
• Trade Policy: Stable energy trade conditions are limiting volatility.
• Monetary Policy: Fed-BoC divergence continues supporting USD/CAD.
• Trend: Bullish.
• Resistance: 1.3780
• Support: 1.3650
• Forecast: Further upside likely while oil remains subdued.
• Market Sentiment: Bullish USD/CAD.
• Catalysts: Oil prices and Fed outlook.
Silver price (XAG/USD) has slipped below the $81.50 level after triggering a technical breakdown below its 38.2% Fibonacci retracement level. The metal remains pressured by stronger USD momentum and higher rate expectations.
• Geopolitical Risks: Defensive market positioning continues favoring USD over metals.
• US Economic Data: Stronger macro data supports higher yield expectations.
• FOMC Outcome: Hawkish Fed pricing continues pressuring Silver.
• Trade Policy: Stable industrial demand outlook offers limited support.
• Monetary Policy: Tight financial conditions continue weighing on metals.
• Trend: Bearish.
• Resistance: $83.00
• Support: $79.50
• Forecast: Further downside possible if technical selling accelerates.
• Market Sentiment: Bearish.
• Catalysts: US data and Fed expectations.
Ready to trade global markets with confidence? Join Moneta Markets today and unlock 1000+ instruments, ultra-fast execution, ECN spreads from 0.0 pips, and more! Start now with Moneta Markets!
