Market Recap
XAUUSD
XAUUSD marked a new 5‑day and 10‑day low at 4967.67 at 02:23 before advancing to a session high of 5037.95 at 17:08 and settling at 5006.33. That left the metal up 7.56 on the day, a gain of 0.151% from the 4998.77 open, with an intraday span of 70.28, or 1.41% of the opening level. Price slipped below the 5000 figure early and later traded above it, with the peak just under 5040; by the close it was positioned in the upper half of the day’s range, sitting above 5000 and a few dollars shy of the nearest 10‑handle at 5010. The sequence skewed lower first, setting the trough within the first two hours of trade, then grinding higher into the late‑U.S. window before easing back into the bell. On the intraday backdrop, the close was fractionally above the H1 20‑SMA at 5004.47, while H1 RSI (14) printed 48.26 into the finish, a touch below the 50 line. From a higher‑timeframe perspective, price remained beneath the H4 50‑SMA at 5116.1 and under the D1 Bollinger midline at 5126.53. The session finished roughly 31.6 below the high and 38.7 above the low, indicating a close biased to the top half of the day’s distribution after the early downside extension. No tick volume or daily ATR references were available to contextualize activity further.
USOIL
USOIL closed at 94.17, a decline of 7.81 or 7.66% on the day, with an intraday span of 9.06 points, equal to 8.89% of the opening price. The session opened at 101.97 and printed its high of 102.02 at 01:00, just 0.05 above the open, before trading lower through the period and registering the low at 92.95 at 22:51. The close was positioned toward the lower end of the range, around 13.4% of the day’s range above the low, leaving the settlement closer to the trough than to the peak. Price traversed the 100 level intraday, while the day’s low did not coincide with the 100 handle. The sequence was defined by an early high and a late-session low, with the market finishing 7.80 below the open and 8.85 above the low. On higher timeframes, the close at 94.17 sat 0.44 beneath the H4 21-period EMA at 94.61 and remained above the D1 21-period EMA at 81.29. The H4 MACD signal line was recorded at 2.4. By the end of trade (server time), the instrument had established a wide session defined by a narrow early uptick into the high followed by persistent downside that culminated late in the day, with the finish anchored in the lower portion of the established range.
EURUSD
EURUSD advanced through the session, closing at 1.15, up 0.0085 or 0.74% from the prior open. The day’s range measured 0.01105, about 0.97% of the open, with the low printed at 10:40 near 1.14 and the high set at 22:10 near 1.15. The pair opened around 1.14, briefly undercut that level to 1.14 at the morning low, then progressed higher through the day, clearing the 1.15 figure late and topping at 1.15 before easing slightly into the 1.15 close. The settlement sat near the top of the day’s span, leaving only a small gap to the late-session high and well removed from the morning trough. Round-number levels featured, with 1.14 tested early and 1.15 reclaimed and held into the finish. On the intraday backdrop, the close was above the H1 20-period SMA and 21-period EMA, both clustered around 1.15, and also above the H4 21-period EMA near 1.15, indicating price ended the day positioned over these short-term reference averages. On the higher timeframe, the pair remained beneath the D1 20-day SMA near 1.17, keeping the broader daily context intact despite the session’s upswing. By structure, the session traced a low in the morning and a high late in the evening, with the final print lodged in the upper segment of the range and above the 1.15 handle that was engaged into the close.
Economic Calendar Recap & Preview
Canadian inflation showed firmer monthly momentum while core cooled on an annual basis: headline CPI rose 0.5 percent month over month versus 0.0 previously and a 0.4 forecast; core CPI increased 0.4 percent month over month after 0.2, matching the 0.4 forecast; and core CPI eased to 2.3 percent year over year from 2.6, a touch below the 2.4 forecast. Ahead, the Reserve Bank of Australia announces its interest rate decision at 07:30 server time, with the cash rate previously at 3.85 percent. With no forecast provided, focus will be on whether the Board adjusts the rate and on any guidance about inflation and activity. In simple terms, a higher policy rate or a more restrictive tone tends to support the currency and lift front-end yields, while a softer stance typically does the reverse. The decision may bring a brief bout of volatility in AUD crosses and Australian rates around the release time.