Forex Trading NASDAQ: Ready to Buy the Dip? Silver XAGUSD Shows No Sign of Reversing! #forextrading #NASDAQ

In today’s GCI Market Outlook, let’s take a look at Forex Trading on Silver, XAGUSD, USDJPY, EURUSD, and the NASDAQ.

The US Stock indices rose after a mixed NFP on Tuesday but fell dramatically after an AI-driven tech sell off.

We talked about the fear of an AI bubble last time but will this affect the Santa Claus Rally this year?

Currently, we are seeing bullish indications from MACD but bearish from the stochastic oscillator.

Let’s see how this plays out.

The results from the NFPs were mixed with a higher-than-expected employment change but worse-than-expected unemployment rate and a much worse-than-expected average hourly earnings.

Don’t hold your breath for another rate cut soon, though.

Jerome Powell will be Fed chair until March of next year and the voting during the last decision was not unanimous.

The mixed results had a push-pull effect on USD so, not much price action volatility.

We see EURUSD in a descending triangle with support at $1.17.

We have lots of room either way with resistance above and many key levels below so let’s watch for a break or a bounce.

Last time, we weren’t sure if USDJPY would break lower through this double top and the idea of higher Bank of Japan interest rates, or if this bullish falling wedge would indicate a reversal.

Rising and Falling wedges are incredibly reliable patterns and we can see why.

Also, analysts believe that today’s BoJ interest rate rise was already priced in.

And, the difference between Japanese interest rates and US and European interest rates is still huge, therefore, we may not see a stronger yen for a while.

Silver is still on a major bull run and some analysts feel it could hit $80 per ounce in 2026.

Technically, we are still bullish, supply issues are elevating price, and demand is increasing with tech companies and massive AI data centres being built all over the world.

Anyway, we will have limited economic news over the next couple of weeks but, again, watch for the Santa Claus Rally.

We wish you all a great Christmas and fun New Year, and we will see you again 9 January 2026.

That’s all for now.

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