Analyzes

The BTC/Gold ratio, which tracks Bitcoin’s price relative to Gold, has just completed a technical move that has repeated with precision four times in the past ten years.

USD/CHF is rebounding from major support near 0.78, with yield differentials and SNB policy bias favoring a gradual move higher.

USD/MXN is trying to bounce, but the broader downtrend remains intact, with 17.50–17.60 seen as a key zone to re-enter short positions.

The EUR/USD pair closed a third consecutive week with gains near a fresh peak in the 1.1840 area, reaching its highest since late February. A largely empty macroeconomic calendar kept the focus on Middle East developments, with risk-on taking over at the end of the week.

The Pound Sterling (GBP) built on the recovery against the US Dollar (USD) and refreshed two-month highs near 1.3600, but sellers quickly jumped in. Despite the late pullback, GBP/USD booked the second straight weekly gain, thanks to another leg higher heading into the weekend.

Gold (XAU/USD) started the week on the back foot but managed to reverse its direction.