Fundamental / Economic Backdrop (short term)
Recent macroeconomic and structural factors influencing silver:
Expectations that the Federal Reserve (Fed) may cut or hold interest rates supportive of lower real yields continue to favour precious metals such as silver. Lower real yields reduce the opportunity cost of holding a non-yielding m…
Month: December 2025
USDCHF 09/12/2025
Fundamental / Economic Backdrop (short term)
Key macro-economic forces influencing USD/CHF in the near term:
US Dollar (USD): The USD remains sensitive to shifting expectations around Federal Reserve policy. Markets continue to lean mildly dovish, which limits USD upside and favours mild downside pressure in periods of stable risk sentime…
EURUSD 09/12/2025
Fundamental / Economic Backdrop (short term)
Key macroeconomic and global factors currently shaping EUR/USD:
The US dollar (USD) remains under pressure due to market expectations of a more dovish stance from the Federal Reserve (Fed), which tends to lower real yields, weakening USD and supporting EUR/USD.
The euro (EUR) is receivin…
USDJPY 09/12/2025
Fundamental / Economic Backdrop (short term)
Recent macroeconomic and market influences affecting USD/JPY:
The U.S. dollar (USD) remains influenced by expectations around the Federal Reserve (Fed)’s monetary-policy path; if markets believe rate cuts or stable/low yields are forthcoming, that tends to weaken USD and pressures USD/JPY.
…
GBPUSD 09/12/2025
Fundamental / Economic Backdrop (short term)
United Kingdom (GBP):Sterling continues to be driven by the Bank of England’s late-cycle policy stance. Inflation pressures are cooling gradually, reinforcing expectations that the BoE is approaching the end of its restrictive phase. Growth momentum remains subdued, limiting aggressive GBP upsid…
EURJPY – 09/12/2025
Fundamental / Economic Backdrop (short term)
Key macro and economic factors influencing EUR/JPY in the near term:
Eurozone (EUR):The euro remains sensitive to subdued growth conditions, inflation trends, and expectations around European Central Bank (ECB) policy. While disinflation has eased pressure for further tightening, the macro outl…
CHFJPY – 09/12/2025
Fundamental / Economic Backdrop (short term)
CHF/JPY remains primarily driven by safe-haven dynamics on both sides of the pair, making it structurally different from high-beta JPY crosses such as GBP/JPY.
Key macro influences:
Swiss Franc (CHF):
Retains strong safe-haven status amid continued geopolitical and macro uncertainty.
…
GBPJPY – 09/12/2025
Fundamental / Economic Backdrop (short term)
Recent macroeconomic and global factors affecting GBP/JPY:
On the UK side, the pound (GBP) remains influenced by domestic economic data, interest-rate expectations for the Bank of England (BoE), and inflation/growth dynamics. Given recent mixed UK economic signals, GBP strength remains uncertai…
XAUUSD – 09/12/2025
Fundamental / Economic Backdrop (short term)
Gold remains driven primarily by macro-monetary expectations, real-yield dynamics, and global risk conditions.
Interest-rate expectations: Market pricing continues to favour a lower-for-longer rate profile across major economies. Subdued real yields remain structurally supportive for gold at el…
XAGUSD – 09/12/2025
Fundamental / Economic Backdrop (short term)
Recent macroeconomic and structural factors for silver:
Expectations of lower interest rates — or at least of stable/declining real yields in major economies — continue to support non-yielding metals such as silver. Lower opportunity cost tends to favour precious metals over yield-bearing a…