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Dollar Rally Extends as Trade Optimism Rises; Gold Retreats Amid Risk Appetite

Key Takeaways: *Dollar Index holds firm near key resistance at 98.75 as trade optimism supports bullish sentiment. *Gold prices dip to test support amid rising risk appetite, but technical indicators suggest possible short-term rebound. *Market focus shifts to upcoming US data: Core PCE, Nonfarm Payrolls, and July FOMC meeting. Market Summary: TheThe US Dollar IndexContinue Reading
Written on July 29, 2025 at 5:53 am
Categories: Daily Market Analysis
Tags: dollar, Trade Deal, US-EU
Chart the Market (29/07/2025)

USDJPY, H1: The USD/JPY pair has surged nearly 2% over the past four sessions, confirming a bullish reversal after decisively breaking above a descending channel and later clearing the consolidation range near the 147.80 level. This breakout has signaled a shift in sentiment, with the pair regaining upward momentum amid a firmer dollar backdrop andContinue Reading
Loonie Pressured as U.S. Trade Threats Loom

Key Takeaways: *Escalating trade conflict poses structural risks to CAD, with possible tariffs up to 35% hitting key sectors. *Domestic growth is stalling, and BoC is constrained by persistent core inflation despite waning demand. *Political uncertainty and export dependency amplify the loonie’s vulnerability; structural reforms aim to mitigate this in the long run. Market Summary:Continue Reading
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