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Oct 13, 2025
Gold up, oil down, dollar steady before Fed
Investors await Fed signals amid cautious sentiment
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Global markets begin the new trading week with a sense of caution and anticipation following U.S. employment data that showed a slight slowdown in job growth while unemployment remained steady. These figures have strengthened expectations that the Federal Reserve may move toward interest rate cuts in upcoming meetings, yet they have also increased uncertainty regarding the pace of monetary easing in the months ahead. |
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Gold
Gold is trading above $4060 per ounce, maintaining its positive momentum from the end of last week. The move is supported by a decline in U.S. bond yields and rising demand for safe havens amid fears of economic slowdown.
The MACD indicator shows improving bullish momentum on the short-term chart, which could pave the way for further gains toward resistance at $4085, while $4015 remains a key support level in case of any pullback.
Euro and Pound
The EUR/USD pair is showing signs of recovery above 1.1610, supported by a weaker U.S. dollar following recent economic data.
Meanwhile, GBP/USD has broken its short-term downtrend, stabilizing near 1.3350, which strengthens the outlook for continued recovery toward 1.3400 as long as it holds above 1.3300.
Both pairs face technical resistance, but momentum indicators such as MACD are turning slightly positive.
Oil
WTI crude is trading around $59.38 per barrel in a tight range, pressured by weakening global demand forecasts and lingering concerns over China’s growth.
Despite the weakness, the possibility of further OPEC+ production cuts remains on the table, helping to limit downside risks in the short term.
USD/JPY
The USD/JPY pair remains steady near 151.88 after last week’s strong rally.
Current levels raise concerns about potential intervention by the Bank of Japan, as the yen approaches levels considered excessively weak.
Technically, the MACD is showing a loss of bullish momentum, signaling a possible correction toward 150.90 before any renewed upside attempt.
Stock Indices
The Nasdaq is holding near 24,643 points, while the Dow Jones trades around 45,877 points, following minor declines at the end of last week.
Markets remain supported by rate-cut expectations, though overbought technical conditions could trigger short-term corrections before the uptrend resumes.
Overall Outlook
Caution dominates global markets at the start of the week as investors await Federal Reserve comments for clues on the future policy path.
Gold remains poised for further gains, while movements in oil and the dollar are likely to stay limited until new economic data is released later this week.