Daily Markets

• Most Asian currencies and the dollar were little changed on Wednesday, as investors cautiously assessed the outcome of U.S.-China trade talks, where both sides agreed on a framework for a potential trade deal after two days of negotiations in London. Investors also remained on edge ahead of the U.S. consumer inflation report, watching for signs of tariff-driven price pressures that could influence the Federal Reserve’s policy path. The US Dollar Index, which measures the greenback against a basket of major currencies, edged up 0.1% in Asia hours, while Dollar Index Futures were largely unchanged. U.S. and Chinese officials concluded two days of intensive negotiations in London on June 10–11, agreeing to a high‑level framework intended to revive the Geneva truce and address export control disputes. The framework targets lifting China’s restrictions on rare earth mineral exports in exchange for the U.S. easing certain export curbs, especially on semiconductors. The proposed agreement, however, remains pending formal approval from Presidents Donald Trump and Xi Jinping. Asian equities showed modest gains; however, currency markets remained cautious due to the absence of concrete details on tariff reductions. Adding to the cautious tone, investors flagged the impending U.S. consumer price index inflation report due later on Wednesday. The data will be scrutinised for tariff‑related price pressures that could tip the Federal Reserve’s interest‑rate path. The Fed is widely expected to hold rates unchanged next week amid tariff uncertainty.

Gold – XAU

Gold on Tuesday its intraday high of US$3349.08/oz and low of $3301.82/oz. Gold is down by % at US$3322.19/oz.

Technicals in Focus:

On the daily charts, gold trades higher than 20DMA (2197). If it drops below this level, it could lead to 2,100. The MACD is currently above the zero line and the histograms are showing an increasing trend, indicating that there may be upward movement in the coming sessions. The RSI is currently at 83.04, which is in the overbought region, suggesting there may be selling pressure in the next 2 to 3 sessions. The Stochastic Oscillator is also in the overbought territory but has given a positive crossover, indicating a bullish stance for intraday trades, but rebound in expected in all the overbought indicators.

Trading Strategy: Sell on Strength

Sell below 3345-3420 keeping stop loss closing above 3420, targeting 3300-3287 and 3274-3244-3227. Buy in between 3320-3201 with risk below 3200 targeting 3345-3358-3370 and 3386-3404-3420.

Silver - XAG

Silver on Tuesday its intraday high of US$36.80/oz and low of US$36.29/oz settle down by down by 0.588% at US$36.50/oz.

Technicals in Focus:

On daily charts, silver is sustaining above 20MA (25.05), breakage above will lead to 23.73. MACD is below the zero line and histograms are increasing trend, bringing a bullish stance in the upcoming sessions. RSI is in the oversold region, indicating a sell signal for now. The Stochastic Oscillator is in the overbought region and gives a positive crossover to show an upside move for the intraday trade.

Trading Strategy: Buy on Dips

Buy in between 36.10-33.10, targeting 36.10-36.50-37.00 and 37.80-38.25-38.90 with stop loss should be placed on the breakage below 29.00. Sell in between 36.90-38.60 with a stop loss above 39.00 targeting 35.60-35.30-35.00 and 34.85-34.30-33.95-33.50.

Oil - WTI

Crude Oil on Tuesday high of US$65.29/bbl, an intraday low of US$63.68/bbl, and settled down by 1.09% to close at US$63.79/bbl.

Technicals in Focus:

On daily charts, oil is sustaining above its 100DMA i.e. 75.37, a support level, and breakage above will call for 77.48. MACD is above the zero line and histograms are in increasing mode will bring a bullish stance in the upcoming sessions. The Stochastic Oscillator is in the overbought region, giving a negative crossover to confirm a bearish stance; while the RSI is in the neutral region, more upside can be expected to reach the overbought region, which is highly probable.

Trading Strategy: Neutral to Sell

Sell in between 64.70-66.00 with stop loss at 66.00; targeting 63.52-62.20-61.00-60.25 and 59.80-59.25-55.50. Buy above 64.00-56.00 with risk daily closing below 56.00, targeting 64.98-65.60-66.00 and 66.60-67.20-68.00.

EUR/USD

EUR/USD on Tuesday an intraday low of US$1.1372/EUR, a high of US$1.1447/EUR, and settled the day up by 0.0218% to close at US$1.1418/EUR.

Technicals in Focus:

On daily charts, prices are sustaining above 100DMA (1.0800), which becomes immediate support, a break below will target 1.0717. MACD is above the zero line and histograms are increasing mode, bringing a bullish view. Stochastic is in oversold territory, giving negative crossovers to the bullish outlook for intraday. 14D RSI is currently in a neutral region and giving no directions to consider right now.

Trading Strategy: Neutral to Sell

Sell below 1.1420-1.1740, targeting 1.1300 and 1.1250-1.1200 with stop-loss at daily closing above 1.1035. Buy above 1.1390-1.1010 with risk below 1.1010 targeting 1.1390-1.1420 and 1.1450-1.1470-1.1510.

GBP/USD

GBP/USD on Tuesday low of US$1.3455/GBP, a high of US$1.3541/GBP, and settled the day down 0.355% to close at US$1.3496/GBP.

Technicals in Focus:

On daily charts, prices are sustaining above 50DMA (1.2674) is becoming a support level. 14-D RSI is currently in a neutral region and direction is difficult to predict on an RSI basis. The Stochastic Oscillator is in oversold territory and gives a positive crossover to confirm a bullish stance. MACD is above the zero line, but histograms are increasing leading to movement.

Trading Strategy: Neutral to Buy

Based on the charts and explanations above; buy in between 1.3410-1.3040 with a target of 1.3570-1.3600 and 1.3645-1.3700- 1.3750-1.3790 with a stop loss closing below 1.3040. Sell in between 1.3510-1.3850 with targets at 1.3470-1.3400-1.3360-1.3300 with a stop loss of 1.3185.

USD/JPY

USD/JPY on Tuesday an intra‐day low of JPY144.39/USD an intraday high of 145.28/USD, and settled the day up by 0.209% at JPY144.78/USD.

Technicals in Focus:

In daily charts, JPY is sustaining above 100DMA (152.35), major support on the daily chart. 14-D RSI is currently in the overbought region and chances of downward are expected based on RSI. MACD is above the zero line but histograms are decreasing mode which might lead to downward movement. The Stochastic Oscillator is in overbought territory and signaling to sell as it has given a negative crossover to confirm a bearish stance.

Trading Strategy: Neutral to Sell

Sell below 145.20-148.00 with risk above 149.00 targeting 144.50-143.90 and 143.00-142.50-141.90. Long positions above 144.50-138.00 with targets of 145.20-146.10-146.60-147.40 and 148.10-148.90-149.35 with stops below 138.00.