The US dollar is under pressure as TACO hopes and Middle East de-escalation outweigh hawkish Fed signals, while oil and ECB rate expectations support EURUSD.

Today is Thursday, July 9th, and we're going to talk to you about gold. There we have the most interesting development of the situation. Let me recap the bigger picture.

Euro stoxx 50: ⬇️ Sell – Euro stoxx 50 broke two upward sloping support trendlines – Likely to fall to support level 6200.00 Euro stoxx 50 index recently fell sharply breaking the two upward sloping support trendlines from June and.

Ethereum: ⬇️ Sell – Ethereum reversed from resistance level 1800.00 – Likely to fall to support level 1500.00 Ethereum cryptocurrency recently reversed from the pivotal resistance level 1800.00 (former Double Bottom from February) intersecting with the upper daily Bollinger Band.

RACE: ⬇️ Sell – RACE reversed from strong resistance level 395.00 – Likely to test support level 380 RACE recently reversed from the resistance zone between the strong resistance level 395.00 (which has been reversing the price from December), upper.

Silver: ⬇️ Sell – Silver reversed from resistance zone – Likely to fall to support level 55.00 Silver recently reversed from the resistance zone between the key resistance level 62.60 (former strong support from February and June), 20-day moving average.

Middle East escalation lifts Brent and the US dollar, but the rally looks fragile as diplomacy resumes.

Morgan Stanley: ⬆️ Buy – Morgan Stanley reversed from support zone – Likely to rise to resistance level 228.65 Morgan Stanley reversed from the support zone between the pivotal support level 206.40 (which stopped earlier correction ii), lower daily Bollinger.

USDCHF: ⬆️ Buy – USDCHF reversed from support zone – Likely to rise to resistance level 0.8130 USDCHF currency pair reversed from the support zone between the pivotal support level 0.8030 (former strong resistance from January and March), 38.2% Fibonacci.

💵 The US dollar has regained strength after rumours of another Japanese currency intervention briefly triggered a sharp selloff in USD/JPY. Speculators quickly unwound long dollar positions, but the move proved short-lived as the greenback rebounded.

The crypto market has rebounded after digesting the Strategy sell-off. Key reversal signals include the market capitalisation consolidating above the 50-day MA and BTC trading above $66K.

USDJPY rebounded after intervention rumours faded, with wide US-Japan yield gaps, BoJ caution, and political pressure keeping the yen under strain.