WTI & Brent Crude Oil Volatile on Middle East Tensions. Interest Rates in Focus. Forex Trading Gold in Uptrend.

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.