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 falls to near 0.7100 after slipping below 50-day EMA

AUD/USD depreciates after registering minor gains in the previous day, trading around 0.7120 during the Asian hours. The technical analysis of the daily chart shows the pair consolidating sideways within a rectangle pattern, as neither bulls nor bears gain control. The AUD/USD pair is holding a slight bearish tone however as it sits beneath both the nine-day and 50-day EMAs.

160.00: USD/JPY back near intervention territory after upbeat US jobs report

US Nonfarm Payrolls beat expectations by a wide margin in May, with 172K jobs added. The US Dollar rebounds after the release, helping USD/JPY recover from its intraday lows. Warnings from Japanese authorities continue to limit upside potential near the 160.00 threshold.

Gold targets $4,300 amid stronger Dollar

Gold faces increasing selling interest and navigates the area of three-month lows near the $4,300 mark per troy ounce on Friday. The precious metal’s decline comes as traders assess the stronger-than-expected NFP, while the bid bias in the Greenback and higher US Treasury yields also collaborate with the retracement.

Cardano hits five-year low even as Hoskinson clarifies "break" isn't an exit

Cardano (ADA) price is down 10% at press time on Friday, extending losses over 30% so far this week amid Charles Hoskinson's clarification that "break" isn't an exit.

Week ahead – Fed countdown begins amid US inflation data and geopolitical risks

Fed Chair Warsh’s first meeting approaches as key US inflation data could reshape expectations. Oil prices remain elevated as US-Iran talks continue; tariffs also return to the spotlight. ECB is expected to hike; will it be a one-off move or is July live?

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.