Current Trend: Gold (XAU/USD) has been trading in a relatively tight range this week, hovering around the $2,500 mark. The pair has shown resilience despite global economic uncertainties and fluctuating risk sentiment. Technical Indicators: •Relative Strength Index (RSI): The RSI is currently neutral at around 53, indicating neither overbought nor oversold conditions. •Moving Averages: Gold is trading above its 20-day and 50-day moving averages, suggesting a bullish outlook in the short term. •Support and Resistance Levels: Key support is at $2,490, with further support at $2,475. Resistance is seen at $2,519 and $2,532. Fundamental Factors: •US Dollar Influence: The strength of the US Dollar continues to impact gold prices. A stronger dollar typically weighs on gold, but recent risk aversion has provided some support for the precious metal. •Economic Data: Investors are closely watching upcoming US inflation data and the European Central Bank’s monetary policy decision, which could influence gold prices. Outlook: If gold manages to stay above the $2,500 support level, it could aim for the resistance levels at $2,519 and $2,532. However, a break below $2,490 could trigger further downside towards $2,475.

Current Trend: The USD/JPY pair has been experiencing a downward trend recently. After reaching a high of 149.35, it has broken through the 143.43 temporary low and is currently testing support levels around 141.67. Technical Indicators: •Relative Strength Index (RSI): The RSI is currently in the oversold territory, indicating potential for a rebound. •Moving Averages: The pair is trading below its 50-day and 200-day moving averages, suggesting a bearish outlook. Fundamental Factors: •US Dollar Strength: The US Dollar has shown some recovery, which could cap the downside for USD/JPY. •Risk Sentiment: Renewed haven demand for the Japanese Yen due to global economic uncertainties, particularly from China’s slowdown, is weighing on the pair.

1. Economic Data Releases: •United Kingdom: Recent data from the UK has shown mixed results. The latest employment figures indicated a slight decrease in the unemployment rate to 4.1%, with a significant increase in job numbers1. However, wage growth has slowed, which could impact consumer spending and overall economic growth. •United States: In the U.S., the focus is on the upcoming Consumer Price Index (CPI) data. The market expects a slight decrease in headline inflation, which could influence the Federal Reserve’s future monetary policy decisions. 2. Central Bank Policies: •Bank of England (BoE): The BoE remains cautious, balancing between supporting economic growth and controlling inflation. Any hints of future rate hikes or changes in monetary policy will be closely monitored by the markets. •Federal Reserve: The Fed’s recent statements have reinforced their commitment to combating inflation, suggesting that interest rates will remain elevated. This hawkish stance is likely to support the USD against the GBP. 3. Geopolitical Factors: •Ongoing geopolitical tensions, particularly in Eastern Europe, continue to create uncertainty in the markets. This uncertainty often leads to increased demand for safe-haven assets like the USD, putting downward pressure on the GBP/USD pair. 4. Market Sentiment: •Investor sentiment remains cautious due to the mixed economic signals and geopolitical uncertainties. This cautious sentiment is reflected in the recent price movements of the GBP/USD, which have shown increased volatility.

1. Economic Data Releases: •Eurozone: Recent data from the Eurozone has shown mixed signals. The latest GDP growth figures were slightly below expectations, indicating a slower economic recovery. However, the inflation rate remains high, which might prompt the European Central Bank (ECB) to consider further tightening measures. •United States: In the U.S., the latest Non-Farm Payrolls (NFP) report showed stronger-than-expected job growth, which supports the Federal Reserve’s stance on maintaining higher interest rates for longer. Additionally, the Consumer Price Index (CPI) data indicated persistent inflationary pressures. 2. Central Bank Policies: •ECB: The ECB is expected to maintain a cautious approach, balancing between supporting economic growth and controlling inflation. Any hints of future rate hikes or changes in monetary policy will be closely watched by the markets. •Federal Reserve: The Fed’s recent statements have reinforced their commitment to combating inflation, suggesting that interest rates will remain elevated. This hawkish stance is likely to support the USD against the EUR. 3. Geopolitical Factors: •Ongoing geopolitical tensions, particularly in Eastern Europe, continue to create uncertainty in the markets. This uncertainty often leads to increased demand for safe-haven assets like the USD, putting downward pressure on the EUR/USD pair. 4. Market Sentiment: •Investor sentiment remains cautious due to the mixed economic signals and geopolitical uncertainties. This cautious sentiment is reflected in the recent price movements of the EUR/USD, which have shown increased volatility.