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On June 10, 2025, global markets are buoyed by optimism from ongoing US-China trade talks in London, extending into a second day, which boosts risk sentiment and pressures safe-haven assets. Gold (XAU/USD) drops to $3,300, driven by modest USD strength (DXY at 99.00) and reduced safe-haven demand, though Fed rate-cut bets (60% for September) and geopolitical risks (Russia-Ukraine, Middle East) limit losses. AUD/USD rises to 0.6520, supported by China’s trade surplus (CNY743.56B) and trade optimism, while AUD/JPY climbs to 94.50 amid JPY weakness. USD/CAD holds above 1.3700, supported by USD gains but capped by rising WTI crude ($64.65) bolstering CAD. GBP/USD hovers at 1.3540, and EUR/GBP consolidates above 0.8400 ahead of UK jobs data (4.6% unemployment expected). Silver (XAG/USD) remains steady at $34.50. Key catalysts include US CPI (2.5% YoY expected), UK employment, and trade talk outcomes, with US fiscal concerns and geopolitical tensions adding volatility.
Gold (XAU/USD) trades at $3,300, down to a one-week low, pressured by USD strength and US-China trade optimism.
US-China Trade Talks: Second-day London meeting, described as “good” by US Treasury Secretary Bessent, reduces safe-haven demand, capping gold upside.
USD Strength: DXY at 99.00 gains from strong NFP (139K vs. 130K) and reduced Fed rate-cut odds, pressuring gold.
Federal Reserve Policy: 60% chance of a September rate cut (CME FedWatch) and US fiscal concerns (Trump’s $4T bill) limit USD gains, supporting gold.
Geopolitical Risks: Russia’s airstrike on Ukraine (500 drones/missiles) and Middle East tensions sustain safe-haven flows, capping losses.
US Inflation Data: Upcoming CPI (2.5% YoY expected) could sway Fed rate-cut expectations, impacting gold.
Trend: Bearish near-term, below 200-hour SMA. Negative hourly oscillators suggest further downside.
Resistance: $3,333-$3,334 (100-hour SMA), then $3,352-$3,353 and $3,377-$3,378.
Support: $3,294-$3,293 (overnight low), then $3,246-$3,245 (May 29 low) and $3,200.
Forecast: Gold may test $3,294 if trade talks progress. Strong CPI (>2.5%) could push to $3,200; weak CPI (<2.3%) may drive $3,352.
Market Sentiment: X posts show gold at $3,300-$3,392, with $3,500 possible if risks escalate. Long Forecast projects $3,600 by Q4 2025.
Catalysts: US CPI/PPI, UK jobs data, US-China trade talks, geopolitical developments.
Silver (XAG/USD) trades at $34.50, stable as safe-haven demand balances USD correction.
Safe-Haven Demand: Geopolitical tensions (Ukraine-Russia, Middle East) support silver, offset by US-China trade optimism.
US Economic Data: Strong NFP (139K) supports USD, but fiscal concerns and rate-cut bets limit gains, aiding silver.
China’s Economy: Caixin Services PMI at 51.1 boosts industrial demand, but deflation (CPI -0.1%, PPI -3.3%) caps upside.
Monetary Policy: Fed rate-cut expectations and Trump’s pressure on Powell bolster non-yielding assets.
US Fiscal Concerns: Trump’s budget bill and “Sell America” trend add uncertainty, supporting silver.
Trend: Neutral-to-bullish, in a rectangular pattern. RSI above 50 suggests upside potential.
Resistance: $34.80 (rectangle’s upper boundary), then $34.90 (seven-week high) and $35.80 (March high).
Support: $33.10 (50-day EMA), then $32.80 (rectangle’s lower boundary) and $32.50 (six-week low).
Forecast: Silver may test $34.80 if tensions persist. Strong trade deal could push to $32.80; weak deal may drive $35.00.
Market Sentiment: X posts highlight silver’s resilience at $34.00+, with $37.79 possible in 2025 per CoinCodex.
Catalysts: US-China trade talks, Chinese CPI/PPI, Eurozone GDP, geopolitical risks.
AUD/USD trades at 0.6520, up for the second day, driven by US-China trade optimism and China’s trade surplus.
US-China Trade Talks: London meeting optimism, with focus on technology and rare earths, supports AUD as a China-proxy currency.
China’s Economy: Trade surplus at CNY743.56B and Services PMI at 51.1 bolster AUD, despite deflation (CPI -0.1%, PPI -3.3%).
Australian Data: Westpac Consumer Confidence up 0.5% MoM in June (vs. 2.2% prior) reflects trade uncertainty, limiting AUD gains.
US Economic Data: Strong NFP (139K) supports USD, with CPI (2.5% YoY expected) as a key focus.
RBA Policy: Dovish May minutes favor a 25 bps cut, capping AUD upside.
Trend: Bullish, within an ascending channel. RSI above 50 and above 9-day EMA (0.6489) support upside.
Resistance: 0.6538 (seven-month high), then 0.6687 (eight-month high) and 0.6690 (channel’s upper boundary).
Support: 0.6489 (9-day EMA), then 0.6480 (channel’s lower boundary) and 0.6412 (50-day EMA).
Forecast: AUD/USD may test 0.6538 if trade talks succeed. Strong CPI could push to 0.6412; weak CPI may drive 0.6687.
Market Sentiment: X posts note AUD strength at 64.66 US cents, with 0.67 possible per CoinCodex by Q3 2025.
Catalysts: US CPI/PPI, UK jobs data, US-China trade talks, Chinese economic data.
AUD/JPY trades near 94.50, up for the fourth day, driven by JPY weakness and trade optimism.
BoJ Policy: Ueda’s openness to rate hikes if inflation nears 2% contrasts with PM Ishiba’s borrowing cost concerns, weakening JPY.
US-China Trade Talks: Optimism supports AUD, with Australia benefiting from China’s trade surplus (CNY743.56B).
Australian Data: Westpac Consumer Confidence up 0.5% MoM supports AUD, though trade uncertainty lingers.
Geopolitical Risks: Russia-Ukraine and Middle East tensions favor risk-sensitive AUD over safe-haven JPY.
China’s Economy: Trade surplus and Services PMI (51.1) strengthen AUD.
Trend: Bullish, with RSI nearing overbought levels.
Resistance: 94.50, then 95.00 and 95.50.
Support: 93.50, then 93.00 and 92.50.
Forecast: AUD/JPY may test 95.00 if trade talks progress. BoJ hawkish signals could push to 93.50.
Market Sentiment: X posts highlight AUD/JPY’s rally, with 95.00 possible if JPY weakens further.
Catalysts: US CPI/PPI, UK jobs data, US-China trade talks, BoJ signals.
USD/CAD trades at 1.3700, up for the third day, supported by USD strength but capped by rising oil prices and trade optimism.
US-China Trade Talks: Easing tensions reduce US-Canada tariff fears, supporting CAD. Bessent’s “good meeting” boosts optimism.
Oil Prices: WTI at $64.65 supports commodity-linked CAD, Canada’s key crude exporter to the US.
US Economic Data: Strong NFP (139K) bolsters USD, with CPI (2.5% YoY expected) critical.
BoC Policy: Rates held at 2.75% with cautious guidance support CAD.
US Fiscal Concerns: Trump’s $4T bill pressures USD, aiding CAD.
Trend: Neutral-to-bullish, above 1.3700. RSI near 50 reflects balanced momentum.
Resistance: 1.3750, then 1.3800.
Support: 1.3635 (eight-month low), then 1.3600.
Forecast: USD/CAD may test 1.3750 if CPI is strong. Trade deal progress could push to 1.3600.
Market Sentiment: X posts show CAD resilience, with 1.35 possible by Q3 2025 per Long Forecast.
Catalysts: US CPI/PPI, UK jobs data, US-China trade talks, US-Canada tariff updates.
WTI crude trades at $64.65, up to a seven-week high, driven by US-China trade optimism and geopolitical risks.
US-China Trade Talks: London meeting fuels demand expectations, supporting WTI. Trump’s positive comments add tailwinds.
Geopolitical Risks: Russia-Ukraine (Kyiv/Odesa attacks) and Middle East tensions limit downside.
OPEC+ Output: July hike of 411,000 bpd caps gains due to oversupply fears.
US Economic Data: Strong NFP (139K) signals demand resilience, with CPI (2.5% YoY) as a focus.
USD Strength: DXY at 99.00 limits WTI upside.
Trend: Bullish, above $63.20-$63.30 breakout. RSI near 55 suggests further upside.
Resistance: $65.00, then $66.00.
Support: $63.20-$63.30, then $60.00.
Forecast: WTI may test $65.00 if trade talks succeed. Oversupply fears could push to $60.00.
Market Sentiment: X posts show WTI at $65.67, with $70 possible by Q4 2025 per Long Forecast.
Catalysts: US CPI/PPI, UK jobs data, US-China trade talks, OPEC+ updates.
On June 10, 2025, markets are energized by US-China trade talks in London, lifting AUD/USD (0.6520), AUD/JPY (94.50), and WTI crude ($64.65) while pressuring gold ($3,300) and silver ($34.50). USD/CAD (1.3700) gains on USD strength, GBP/USD (1.3540) awaits UK jobs data, and EUR/GBP (0.8400) consolidates. US CPI (2.5% YoY expected), UK employment (4.6% unemployment expected), and trade talk outcomes are key, with Russia-Ukraine escalation and US fiscal concerns adding volatility.
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