WTI & Brent Crude Oil Volatile on Middle East Tensions. Interest Rates in Focus. Forex Trading Gold in Uptrend.
NASDAQ in Rising Wedge with Investors Waiting on Geopolitical News

In today’s GCI Market Outlook let’s take a look at Forex Trading on GBPUSD, GBPJPY, Gold, XAUUSD, and WTI Crude Oil.
The chart tells the story with price action on crude oil jumping up and pulling back based on the Israel/Iran conflict.
Everything in this video, and all our videos, is purely observational and does not constitute trading advice.
Middle East tensions, combined with continuing Ukraine conflicts and US tariff uncertainty is still driving gold higher.
Keep an eye on the trend lines and your technicals as well.
Citi Bank has predicted an end to the gold rally based on lower demand but let’s see.
Central Banks are in focus this week with a speech from the BoC and interest rate decisions from the Fed, the SNB and the BoE.
Analysts predict that the BoE will not change their rates but we can see GBP weaker against most currencies but strong against JPY so watch for volatility and some opportunities.
The White House is sticking to its guns on the insane tariff strategy so USD is still moving weaker.
Any news to the contrary could see USD strength but we never know with this administration.
With all the global economic and geopolitical news, indices are stalling as investors are sitting on the fence.
For example, we see a rising wedge on price action on the NASDAQ which may be a bearish sign.
That’s all for now.
CFDs and FX are leveraged products and your capital may be at risk.
Latest Analysis
- JPY Gap Trading on PM Resignation. NASDAQ Recovering. Forex Trading USDJPY. Today 05:32 AM
- US Non-Farm Payrolls in Focus. Silver XAGUSD Breaking Upper Trend Line. OPEC Meeting! September 05, 2025 03:52 AM
- WTI Crude Oil Approaching Resistance. Forex Trading Gold XAUUSD at All-Time High! Silver XAGUSD at 14-Year High. September 02, 2025 03:18 AM
- Buy the Dip on the S&P500 and NASDAQ? Forex Trading Short on NZDUSD and Gold XAUUSD. August 29, 2025 07:37 AM
- Forex Trading on Economic News. Trading Short AUDUSD. NVIDIA Earnings Tomorrow. August 26, 2025 03:50 AM
- Jackson Hole, BoE, BoJ in Focus. Forex Trading Short on Silver XAGUSD. August 22, 2025 08:33 AM
- Silver XAGUSD Forming Head and Shoulders Pattern. Forex Trading Reversals on NZD Pairs. Brent Crude Oil in Symmetrical Pennant. August 20, 2025 02:50 AM
- Forex Trading Long on GBPUSD. Gold XAUUSD Forming Symmetrical Pennant? Trading Short on Brent Crude? August 15, 2025 06:20 AM
- Forex Trading on Today’s US CPI Inflation Figures. Trading Long on AUDCAD & AUDJPY? August 12, 2025 08:17 AM
- Forex Trading EURGBP Post BoE Interest Rates. US Indices Fall on Tariffs: Buy the Dip? Yesterday 03:25 AM
Open an account in minutes
Trade on our award-winning platforms with ultra-fast and ultra-secure execution.
OPEN AN ACCOUNT