New CEO for Apple – Forex trading Gold in range, Silver still climbing [Video]

Brad Alexander FX Large Limited

Welcome to today’s Market Blast.

Today, we will take a look at Forex Trading on USDCHF, the USD Index, Silver XAGUSD, Gold XAUUSD, WTI, Brent Crude Oil, the DAX, the NASDAQ, the DJIA, and Apple.

Just a reminder that these videos are only an observation of current market conditions, and these are not to be considered as trading advice.

Don’t forget to Like and Subscribe to keep up to date.

Tim Cook is stepping down as Apple CEO.

Investors and analysts will be watching Apple shares at today’s open and over the next few weeks to see if the new man, taking over in September, can carry the amazing momentum of Cook.

The big questions will revolve around the use of AI.

AI is fuelling lots of investment in tech equities as we see the NASDAQ at all-time highs again.

Investors seem to be ignoring the Iran war, and the risk-on move is continuing all over the world.

We spotted some indices last time that have not achieved all-time highs, and we will watch such indices as the Dow Jones Industrial Average and the DAX.

As I am making this video, it seems that Iran war peace talks may or may not continue today, so we may or may not see another fall in the price of WTI and Brent Crude Oil.

Keep an eye on the news as both sides are not in agreement on each other’s terms.

We see gold and silver still climbing, but Gold seems to be consolidating.

In fact, when we move out to the 1-hour chart, we see price action in a trading range with price action at a key level and the stochastic oscillator very oversold and turning back up.

If we look back at the USD Index, we see USD consolidation, but we may see more bearish action after some technical signals.

If so, we will be watching this Falling wedge on USDCHF, which may fall further or reverse.

Author

Brad Alexander

FX Large Limited

Brad became fascinated with the Currency Markets from a young age and researched fundamental analysis.

AUD/USD holds steady near 0.7200 amid escalating US-Iran tensions

AUD/USD consolidates just below its highest level since mid-May, touched on Friday, and hovers around 0.7200 at the start of a new week amid mixed cues. Hawkish RBA expectations continue to act as a tailwind for the Aussie. Meanwhile, the upbeat US NFP report lifted Fed rate hike bets, which, along with escalating US-Iran tensions, underpins the safe-haven US Dollar and caps the currency pair.

USD/JPY hovers around 156.00 as more hawkish BoJ bets cap gains

USD/JPY holds steady above 156.00 on Monday as the US Dollar draws support from escalating US-Iran tensions and rising Fed rate-hike bets, bolstered by Friday's upbeat NFP report. Moreover, concerns over Japan’s fiscal outlook keep the Japanese Yen on the back foot and support the currency pair, though more hawkish BoJ expectations and a suspected intervention cap the upside.

Gold sticks to losses as bears await acceptance below $4,400 amid Fed rate hike bets

Gold attracts some sellers for the second straight day, though it lacks follow-through, and hovers around the $4,400 mark heading into the European session. Moreover, the commodity holds above Friday's swing trough, touched in reaction to the upbeat US monthly employment details, warranting some caution for bearish traders before positioning for any further losses.

Cardano: Strengthening momentum points to cautious upside extension

Cardano trades around $0.222 after rallying over 15% last week. Mixed derivatives data and mildly bullish on-chain metrics point to cautious market sentiment. Meanwhile, strengthening momentum indicators suggest ADA could see further gains if the recovery continues. Cardano derivatives metrics show a mixed sentiment. CoinGlass’ long-to-short ratio for ADA reads 0.94 on Monday.

US Dollar Weekly Forecast: Why one inflation report could matter more than a blockbuster NFP?

Joy can’t last forever, can it? The US Dollar rapidly faded its prior gains and resumed its marked downside this week, with the US Dollar Index coming close to its psychological 100.00 barrier, only to see that dream turn to ashes as market chatter reignited speculation that the Bank of Japan might hike its policy rate at its next meeting.

Diesel’s record $100 warning: The oil shock hiding in plain sight

The Oil market may look calmer than it did a few months ago, but diesel is sending a very different message. The US diesel crack spread, the premium of ultra-low sulphur diesel futures over WTI, recently surged above $100 per barrel for the first time, reaching an intraday record of just over $102.00.