Analyzes

Gold (XAU/USD) trades near $3380, supported by Fed independence concerns, tariffs, and safe-haven demand, with $3400 as the key breakout target.

USD/ZAR is trading near 17.71 with fast volatility, resistance at 17.7170, support at 17.7030, and US GDP data set to drive the next decisive move.

EUR/USD holds near 1.1610 as Trump’s firing of Fed Governor Cook raises doubts about Fed independence, with support at 1.1570 and resistance at 1.1680.

The Brazilian Real is holding firm near 5.4310 against the US dollar, with resistance at 5.4450 and US GDP data expected to spark volatility in USD/BRL.

An excellent return on equity and outlook for future revenues from a rise in global defense spending provide growth catalysts. Low valuations and the recent idea by the US government add to bullish catalysts. Is there more upside ahead despite the recent massive rally?

The price has broken out of a bearish channel quite decisively but is struggling to make upwards progress despite being well supported at about $1.3450.