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
Markets are leaning toward a risk-on tone as the US Dollar continues to weaken amid optimism surrounding US–Iran diplomacy, allowing precious metals like Silver to extend gains while risk-sensitive currencies remain supported despite mixed economic data from Australia and China. Broadly, FX markets are showing uneven momentum, with Dollar pairs under pressure and Asian-linked currencies holding ground, as traders balance improving geopolitical sentiment with upcoming macroeconomic data.
Silver is holding firmly above the $30.00 level, maintaining bullish momentum as it approaches a one-month high. The metal is benefiting from a weaker US Dollar and improving risk sentiment across global markets.
• Geopolitical Risks: Optimism around US–Iran talks is reducing extreme risk aversion while still supporting metals demand.
• US Economic Data: Softer expectations are weighing on the Dollar, boosting Silver.
• FOMC Outcome: Uncertainty around Fed policy is supporting non-yielding assets.
• Trade Policy: Stable global trade outlook is supporting industrial demand for Silver.
• Monetary Policy: Expectations of a less aggressive Fed are driving upside.
• Trend: Bullish.
• Resistance: $31.50
• Support: $29.80
• Forecast: Further upside likely toward recent highs if momentum continues.
• Market Sentiment: Bullish.
• Catalysts: US Dollar direction and Fed expectations.
AUD/USD is holding gains despite mixed economic data from Australia and China, reflecting resilience in risk sentiment. The pair remains supported as the US Dollar weakens.
• Geopolitical Risks: Improved sentiment supports risk currencies like AUD.
• US Economic Data: Dollar weakness is providing upward support.
• FOMC Outcome: Policy uncertainty limits USD strength.
• Trade Policy: China-linked demand continues to influence AUD performance.
• Monetary Policy: RBA outlook remains relatively steady.
• Trend: Mildly bullish.
• Resistance: 0.7050
• Support: 0.6950
• Forecast: Gradual upside expected if support holds.
• Market Sentiment: Bullish.
• Catalysts: Chinese data and USD direction.
USD/CHF has dropped toward 0.7800 as the US Dollar extends its decline amid improving geopolitical sentiment. The Swiss Franc is gaining as the Dollar loses its safe-haven appeal.
• Geopolitical Risks: Reduced tensions weaken USD safe-haven demand.
• US Economic Data: Softer outlook pressures the Dollar.
• FOMC Outcome: Uncertainty around policy weighs on USD.
• Trade Policy: Stable global conditions support CHF.
• Monetary Policy: Fed uncertainty contrasts with stable Swiss policy.
• Trend: Bearish.
• Resistance: 0.7900
• Support: 0.7750
• Forecast: Continued downside likely if Dollar weakness persists.
• Market Sentiment: Bearish.
• Catalysts: Fed outlook and geopolitical developments.
AUD/JPY is trading below 114.00 following Australia’s labor data, reflecting a pause in bullish momentum. The pair remains sensitive to both risk sentiment and regional economic data.
• Geopolitical Risks: Improved sentiment supports AUD but limits strong Yen demand.
• US Economic Data: Indirectly influencing broader FX flows.
• FOMC Outcome: Stable expectations support carry trades.
• Trade Policy: China’s economic outlook impacts AUD demand.
• Monetary Policy: Divergence between RBA and BoJ supports elevated levels.
• Trend: Sideways.
• Resistance: 114.50
• Support: 112.80
• Forecast: Consolidation likely before next directional move.
• Market Sentiment: Neutral.
• Catalysts: China GDP and risk sentiment.
USD/CNY is stabilizing around 6.86 following the latest PBOC reference rate fix, reflecting controlled currency movements. The pair continues to trade within a narrow range amid policy guidance.
• Geopolitical Risks: Stable global sentiment limits volatility in CNY.
• US Economic Data: Dollar weakness influences short-term movement.
• FOMC Outcome: Policy uncertainty impacts USD positioning.
• Trade Policy: China’s economic outlook remains a key driver.
• Monetary Policy: PBOC intervention continues to anchor the Yuan.
• Trend: Sideways.
• Resistance: 6.8800
• Support: 6.8300
• Forecast: Range-bound movement expected.
• Market Sentiment: Neutral.
• Catalysts: PBOC policy and China economic data.
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!
