Market Recap
XAUUSD
XAUUSD opened at 4636.22 and immediately set the session low at 4636.17 at 01:00, which also marked a new 5‑day low, before grinding higher to print the high at 4750.08 at 20:28. It settled at 4741.09, a gain of 104.87 or 2.26% from the open. The day’s range spanned 113.91, equal to 2.46% of the opening level, with the close positioned near the top of that range, roughly 9 points below the intraday peak. Price moved through the 4700 round level during the session and finished above it, while the 4750 area was briefly tested late. The structure featured a low at the open and successive higher marks into the evening without a return to the opening trough, leaving the finish toward the upper end of the day’s distribution. On the daily timeframe, the close at 4741.09 sat slightly above the 21‑day EMA at 4737.31, while remaining below the 50‑day SMA at 4902.47. The daily MACD signal was negative at -72.47, and the lower Bollinger Band was indicated at 4333.85, well under session prices. The matching of the intraday low with the 5‑day floor at 4636.17 underscored the fresh weekly extreme registered at the session start, while the late‑day settlement above 4700 and just over the 21‑day EMA left price near the session high and short‑term average, with longer‑term daily references unrecovered.
GBPUSD
GBPUSD advanced through the session from 00:00 to 24:00, setting the low at 02:25 near 1.34 and rising to a late high of 1.35 at 23:10 before finishing at 1.35. From an open around 1.34, it closed higher by 0.011, a gain of 0.85%, with a session range of 0.0128, equal to 0.95% of the open. Price action established the session floor early, then climbed in stages, taking out the 1.35 round figure late and holding just below the day’s peak into the close, which was positioned near the top of the intraday range. The session registered fresh 5‑day and 10‑day highs on the climb. On the intraday backdrop, the H1 21‑EMA stood near 1.35, with spot ending above that marker at the close. On H4, RSI(14) printed 64.85, consistent with price tracking the upper end of its recent range. On the daily frame, spot remained above the Bollinger midline near 1.33 and closed below the upper band around 1.35, leaving room between the settlement and the outer envelope. The late-session high came shortly after the 1.35 handle was probed, while the day’s low was set shortly after the open. By the close, the pair had retraced most of the distance from the low toward the high, consolidating above prior intraday pullback areas and holding gains into the session end without a material late fade.
AUDUSD
AUDUSD closed at 0.7055, up 0.0071 on the session (+1.01%), after a 0.0074 intraday span that ran about 1.13x the 14‑day ATR of 0.0065 and equated to 1.05% of the opening level. The day began with the low set at the open at 00:00 (0.6984), and price built higher from there, moving through the 0.7000 figure in the early hours and extending to the session peak at 10:39 (0.7058). By the session end it was little off that high, with the close sitting in the top 4% of the day’s range, marking a near high‑close structure. No lower lows printed after the open, while the 0.7050 area was traversed on the way to the intraday high before a modest dip into the finish. On the higher‑timeframe backdrop, spot ended above its 50‑day simple moving average at 0.7030, placing the close north of that reference after spending the early part of the session below it. The day’s action remained above the recent 5‑day and 10‑day lows at 0.6965 and 0.6859. Overall, the session was characterized by a persistent upward path from the open, a break and hold above the 0.7000 handle, and a finish near the high, with realized range exceeding its recent daily volatility gauge. The high was recorded at 10:39, the low at 00:00, and the market settled at 0.7055 by 11:34 server time.
Economic Calendar Recap & Preview
US housing momentum softened as Existing Home Sales slipped to 3.98 from 4.09, undershooting the 4.01 forecast, while Japan’s monetary aggregates were steadier with BoJ Money Stock up 2.8 percent year over year versus 2.7 previously but below the 3.0 forecast. Looking ahead, the key release is US Producer Price Index at 15:30 server time: month over month is expected at 0.9 percent after 0.7 previously. A higher-than-forecast PPI can signal pipeline inflation pressures and may firm policy-rate expectations; brief volatility in US rates and the dollar is possible around the print. In the UK, BoE Governor Andrew Bailey speaks at 19:05 server time, an engagement that could shape market views on the Bank’s reaction function and the balance of risks heading into upcoming data. While no other major data are scheduled, the combination of PPI and central bank communication will likely anchor trading themes over the session, with investors parsing whether producer costs are re-accelerating after February’s broad-based rise and listening for any hints from Bailey on the inflation persistence narrative and the conditions for eventual easing.