Market Analysis
The US Dollar extends gains, with DXY near 98.00 ahead of key PCE data. EUR/USD drifts to 1.1650 on weak eurozone growth, while USD/JPY hovers below 147.00 after hotter Tokyo CPI. GBP/USD slips toward 1.3510 on UK fiscal concerns, and USD/CNY steadies around 7.10 as PBoC leans against yuan weakness. Traders brace for PCE to confirm—or challenge—the USD’s bullish momentum.
AUD/USD climbs toward 0.6510 on strong local data and USD weakness, while gold retreats from $3,400 on profit-taking despite Fed cut bets. EUR/JPY holds above 171.00 but French political risks cap gains. USD/INR steadies near 87.80 as tariffs offset dollar softness, while USD/CAD slips toward 1.3750 ahead of US GDP and PCE. Traders brace for key US data to set the tone.
Markets in Flux: Gold Slips on USD Demand as WTI Rallies Amid Geopolitical Concerns | 26th August 20
WTI rallies above $63.50 as fading hopes for a Russia-Ukraine peace deal boost oil prices. Gold struggles near $3,330 despite Fed rate cut bets, while silver holds firm near $39.00. AUD/USD climbs toward 0.6550 on risk appetite and dovish Fed tone, while USD/CAD stays weak near 1.3500 as oil strength supports the loonie. Markets now eye U.S. jobs and inflation data for direction.
By Pepperstone
Market players spent much of last week positioning into Fed Chair Powell’s Jackson Hole speech, with risk trading poorly as traders cut back on core equity longs, lower-quality equity exposures, and reduced USD shorts and crypto positioning. Throughout much of last week, expectations had built that Chair Powell would align with the views expressed by Fed members Schmid, Bostic, and Hammock, who all voiced increased concern about inflation pulling away from the Fed’s 2% target, and along with the improved US PMI data, this was to be enough for traders to act.
Markets react to Powell’s dovish tone as gold dips near $3,365 and NZD/USD consolidates around 0.5860 despite upbeat retail sales. EUR/USD retreats toward 1.1700, while AUD/USD slips to 0.6480 on RBA easing bets. USD/CAD holds near 1.3820 after Friday’s sharp drop. Traders now eye U.S. GDP, PCE inflation, and Canada’s GDP for the next directional cues.
By Naga
Stay ahead of the markets as Powell takes the stage at Jackson Hole. Get the latest on equities, commodities, FX, and geopolitical risks shaping trading this week.
Markets hold steady ahead of Powell’s Jackson Hole speech, with gold near $3,330 and silver slipping toward $38.00 as Fed cut bets fade. WTI rallies toward $63.50 on strong U.S. demand and supply concerns. AUD/USD stays under pressure near 0.6410 on dollar strength, while USD/CNY steadies around 7.1320 after a firmer PBoC fix. Traders brace for Powell’s policy signals.
FX markets tread cautiously ahead of Eurozone PMI and FOMC minutes. EUR/USD holds near 1.1650 under dollar pressure, while GBP/USD slips toward 1.3400 on sticky UK inflation. USD/JPY steadies in the mid-147s, EUR/JPY consolidates near 171.70, and USD/CAD hovers at 1.3880 with oil gains offering little relief. Traders eye PMI prints and Fed signals for direction.
AUD/NZD breaks above 1.1000 as the RBNZ’s dovish 25 bp cut highlights policy divergence with the RBA. NZD/USD slips near 0.5850, while AUD/USD softens on China’s steady rates. DXY climbs above 98.00 ahead of FOMC minutes, with Powell’s Jackson Hole speech eyed. WTI dips toward $62.00 on Ukraine peace hopes, keeping geopolitics and central banks in sharp focus.
Gold holds near $3,338 as traders eye Powell’s Jackson Hole remarks, while silver struggles below $38.00 amid fading safe-haven demand. GBP/USD steadies around 1.3500 ahead of UK CPI, with stronger GDP offering support. NZD/USD firms near 0.5925 as markets await the RBNZ decision, while USD/CNY stays anchored after a slightly weaker PBoC fix. Key central bank signals remain in focus.
By Naga
Weekly market recap: Tech-driven stock surge, volatile commodities, and a weakening dollar as traders weigh potential Fed rate cuts and global risks.
By FP Markets
We have quite a busy slate of event risk to get our teeth into this week. In addition to the Jackson Hole Symposium, an update from the Reserve Bank of New Zealand (RBNZ) and the minutes from the previous US Federal Reserve (Fed) meeting claim some of the limelight, as well as inflation data, and manufacturing and services S&P Global PMIs (Purchasing Managers’ Indexes).
Gold steadies near $3,330 as strong US PPI caps safe-haven flows, while silver consolidates around $38.25 with bulls eyeing $38.75. GBP/USD holds near 1.3555 ahead of UK CPI, as dollar strength limits upside. NZD/USD stays around 0.5930 with RBNZ risks looming, while USD/CNY eases after a firmer PBoC fix. Markets await Trump–Zelenskiy talks and key data for direction.
Markets trade mixed ahead of US Retail Sales, with GBP/USD near 1.3550 on UK GDP strength and softer USD. Silver holds at $38.00, AUD/USD steady near 0.6530 despite weak China data, while AUD/JPY slips to 95.60 on strong Japan GDP. USD/CHF hovers at 0.8070 as hot US PPI supports the dollar. Traders eye Retail Sales for the next catalyst.
Gold climbs above $3,365 on Fed rate-cut bets, while oil slides toward $62.00 on oversupply fears. USD/JPY dips near 146.50 on BoJ–Fed policy divergence, and the PBoC’s firmer yuan fix keeps USD/CNY under pressure. AUD/USD rises to 0.6560 after strong jobs data. Traders eye US PPI and geopolitical cues for the next market move.
By Deriv
Bitcoin has pulled back to around 118,800 after briefly breaking above 122,000 earlier this week. While some traders see this as a sign of short-term exhaustion, key valuation metrics suggest the market may be underpricing the asset’s long-term potential.
By OEXN
The latest U.S. inflation data came in unchanged from the previous period but below market expectations, reinforcing the outlook for Federal Reserve rate cuts. Following the release, the U.S. dollar weakened, although the move lacked the momentum seen after the Non-Farm Payrolls earlier this month.
By Octa
- The Yen extends gains for the second consecutive day, favoured by USD weakness.
- Moderate US inflation data boosted hopes of immediate cuts by the Fed, and sent the US Dollar tumbling
- USD/JPY might activate a Bearish Flag formation below 147.00
By Octa
The Euro (EUR) is entering Wednesday’s NA session with an impressive 0.5% gain against the US Dollar (USD), rising in tandem with most of its G10 peers in an environment of broadbased USD weakness.
Gold nears $3,350 and silver tests $38.20 as soft US CPI boosts Fed rate-cut bets. USD/CAD climbs to 1.3780 on weaker oil and CAD, while NZD/USD slips below 0.5950 on China deflation fears. AUD/USD steadies near 0.6500 amid RBA cut expectations. Markets eye Fed signals and geopolitical risks for next moves.
Markets tread cautiously ahead of US CPI, with gold near $3,355 and oil rebounding above $63.00. AUD/USD holds near 0.6500 on trade truce optimism but RBA cut bets persist, while EUR/USD hovers above 1.1600 on geopolitical hopes. DXY steadies at 98.50 as traders weigh inflation’s impact on Fed policy. CPI results seen as key catalyst for near-term volatility.
By FP Markets
XJO WEEKLY
Price structure: Outside range
The recent widening of weekly ranges, punctuated by two consecutive Weekly Outside Bars, signals a notable escalation in market indecision and volatility. This pattern reflects a heightened battle between buyers and sellers, each side probing for dominance but failing to secure lasting control, classic signs of a market at a potential inflection point. The support level at 8615 is now a critical hold for the Buyers to remain confident. Currently Company reporting is underway, when the general trend of results is determined traders should expect a volatile breakout from this current consolidation area.
Indicator: Relative strength 14: Momentum on hold
Relative strength has turned higher in line with the current movement in the Index and remains above the key 50 level. Only further movements higher towards the 70 level can set a continuing bullish signal for price movements.
The RSI turning further lower to move below the 50 level, is a strong indication is for negative momentum to develop leading to Up Trend failure and further declines.
Comments last week:- The Weekly inside range of 2 weeks ago has been followed by last weeks outside range closing near the low of the range. This presents a bearish setup on a break of 8615 point support. Buyers in the Bullish breakout are now faced with losses should the Index move lower. The next key support level is 8083 points. Although the market is dealing with the Macro news of Tariffs emanating from the US, the developing technical picture is Bearish until a closing price over 8776 points is registered showing buyers back in control.
XJO DAILY
Price structure: Bullish Flag developing
The Daily chart of the XJO200 has carved out a Bullish Reversal Pivot, suggesting the potential for price to break above the recent consolidation range. This pivot is not just a technical marker, it reflects a shift in market sentiment, where buyers are beginning to assert control after a period of equilibrium. Typically forms after a swing low rejection, in this case a retest of the 8615-level last Monday, often accompanied by a strong close near the high of the day as seen last Tuesday and Wednesday. This remains a bullish setup for traders working in the Daily time frame.
Indicator: Relative strength 14: Slowing momentum
The Relative strength Indicator (14) has been declining from price consolidation from below the 70 level and now moving lower indicating a loss of positive momentum within the 14 day look back period. This is typical of the RSI reading when price moves into consolidation. The impending move lower below the 50 level would indicate a loss of positive momentum and a sell signal.
Comments last week. The Pennant continuation pattern discussed last week is now better described as a consolidation range above 8615 and below the 8776 level. Last Friday set a reversal pivot point, an early developing sell signal to be confirmed with a further daily close below 8615 points. The final bar is a large range high to low; this also adds to the bearishness of the setup and the potential to retest the 8514 level during this trading week.
S&P 500 WEEKLY: Inside range
Key support remains at 8615 points, last week saw an inside range bar set, indicating buyer and sellers unable to take control of price direction. Without follow through lower from the outside range set two weeks ago, the market remains bullish, until the key Weekly support level of 6100 is broken to the downside. Top resistance is 6427 points a close over this level would be very Bullish in the direction of the current primary Up trend.
Indicator: Relative strength 14. Loss of momentum
As for continued bullish confirmation, a continuing movement back to higher levels of the 70 line on the RSI required. A continued directional move higher over the 70 level will indicate renewed strength and the potential for a renewed and continuing upside shift in momentum.
A reverse move back towards the 50 level would signal potential exhaustion among buyers, but without clear evidence of sellers stepping in, downside risks remain low.
Comments from last week
The outside range that closes on the low of the session, Opd, has a statistically significant outcome for indicating a high point and the beginning of a continued reversal lower. This, following the emergence of the 2 X number 3 bar early warning sessions of 4 and 3 weeks ago, supports the view a top may be in place. First support is the 6100-breakout level. The underlying primary trend remains up until a defined lower high is set in this weekly time frame.
SPX DAILY
Price structure: Retest 6427
The Daily chart of the S&P 500 reveals a notable pattern of overlapping price action—where successive bars intrude upon each other’s ranges—indicating a slow, methodical grind higher rather than impulsive momentum. This type of movement often reflects a market climbing a wall of worry, with buyers cautiously advancing while sellers remain present but not dominant. It’s a classic sign of a market lacking conviction yet still leaning bullish, often seen during low-volatility uptrends or in the latter stages of a rally.
This grind appears to be targeting a retest of the 6427 level, which has emerged as a critical resistance point following its role as the high of the recent weekly Outside Bar.
A breakout higher with expanding range and volume would suggest genuine strength.
Indicator: Relative strength 14.
The Relative Strength Indicator (RSI) having moved strongly higher from the key 50 level turning in line with price action. If the RSI continues to rise from the recent point below the pivotal 50 level towards the 70 level, it will likely confirm a further Bullish outlook, leading to further UP side targets.
Comments from last week: The high Gap open and immediate sell down set an outside range last Thursday followed through by the Gap down on Friday. The Two large range bars indicate Buyers have lost control of price setting. The 6100-breakout level could be challenged this week, failure of the Index to hold this level may see a further retest of the 6020 Support/ Resistance level with the further potential to retest the 200 day moving average.
NASDAQ (100) DAILY Price structure: New high
The Nasdaq has surged to a new all-time high, a move set by the pivot reversal bar established last Monday. That bar marked a decisive inflection point in the index’s short-term trajectory, signalling a shift in control from Sellers to Buyers.
The reversal emerged after a brief sharp pullback into a minor support zone, where price had been compressing within a tight range. The bar itself displayed strong bullish intent
This breakout to new highs carries psychological and structural weight. Psychologically, all-time highs tend to attract momentum traders and institutional flows, as they represent uncharted territory devoid of overhead supply.
Structurally, the move confirms the validity of the pivot reversal as a launchpad, reinforcing the notion that buyers are willing to defend dips and press advantage when given the opportunity.
However, while the breakout is impressive, it’s worth noting the character of the move. If the ascent continues with expanding range and volume, it will point to a healthy high conviction move getting underway.
Indicator: Relative strength 14: Sell Signal
The Relative Strength Index (RSI) has now turned sharply higher which signals increasing Bullish momentum. With the RSI falling from the 70 level a Divergence is complete, however it would serve as a strong Bearish indicator on a further decline, this is highlighting a loss of momentum may be underway as the market makes a sharp reversal, market participants cannot afford to overlook this outcome.
Comments from last week The Gap open last Thursday followed by the Gap down in last Friday’s trading session sets up the Index to trade lower out of the current ascending channel. First support remains at 22,133 points and further price targets into the 22,000-point open Gap area. From the emergence of this price channel in May25’ Daily price advances have been weak. The current 2 day move down has been achieved with 2 large range moves, profit taking may see the Index move lower to test the 200 day moving average.
USD Spot GOLD – DAILY:
Gold continues to consolidate beneath the formidable $3431 resistance level, a price zone that has repeatedly capped upward momentum and now serves as a structural ceiling.
Recently, price broke below a well-defined ascending trendline that had been supporting the advance for several weeks. At first glance, this breakdown appeared to signal a shift in tone, perhaps the beginning of a deeper correction. However, the market’s response was swift and telling. Immediate buying pressure emerged just beneath the trendline breach, resulting in the formation of a Pivot bar, a classic reversal structure characterized by the previous lower low and a strong close over the high. This bar didn’t just halt the decline, it reasserted bullish intent and lifted price back into the prior consolidation range.
This current consolidation phase is marked by a series of compressed bars and hesitant follow-through, suggesting a market in equilibrium, neither ready to capitulate nor yet prepared to break higher.
The proximity to the $3431 resistance also keeps the option open for further distribution.
Indicator: Relative Strength 14: Bullish momentum
The RSI has reversed back higher through the 50 level, just, this is turning into a Bullish reading. Should the RSI reading further increase in the coming week towards the 70 level this will reflect an outright Buy signal. Short term holders and traders should continue to monitor the RSI for a movement remaining above the 50 level as a Buy signal.
Comments from last week: The ascending pattern discussed in the past Weeks has now resolved into a simple trading range as price action moves past the key 2/3 point and trades below the ascending trendline.
Last Friday set a Bullish pivot point reversal with the potential to trade high higher in the early sessions this week. Traders should look for a retest of the $3431.0 resistance high following this current retest of the trendline.
AUD GOLD – DAILY: Pennant pattern.
Consolidation continues within the developing Pennant pattern. Traders should monitor this pattern for a close over the $5287 closing high as a signal of continued support. Australian Gold producers will be favoured on continuing strength is this chart.
Indicator: Relative Strength 14: Bearish
The Relative Strength Index (RSI) is showing an upturn from the 60 level, and the reading remains above the key 50 midpoint. Momentum is slowly turning higher as the Pennant price pattern develops, a further close above the 70 level would indicate momentum has turned Bullish. Traders are advised to watch for any minor pullbacks as potential buying opportunities within this broader uptrend of Gold producers, as the overall market sentiment remains strongly in favour of continued gains.
Comments from last week. Further consolidation within the developing Pennant pattern. Traders should monitor this pattern for a close over the $5287 closing high as a signal of continued support. Australian Gold producers will remain under pressure as this consolidation takes place.
SILVER Price structure: Pivot reversal
From the observation last week, price has immediately reversed higher towards the $39.15 resistance level. This is a very positive outcome from the recent Fake out, FO, high point retracement. Silver remains within a strong Primary UP trend. Traders should look for a further close over the $39.15 level to confirm a continuation move is underway. USD Silver can develop into trading ranges.
Relative strength 14: Positive swing
The relative strength index (RSI) has moved higher to align with the Pivot reversal price rally from the $36.00 level. The current move higher has moved the RSI above the 50 level. This movement indicates a directional increase of momentum and sets a Bullish continuation signal.
Comments from last week. Failure of the $37.25 breakout level to provide support in this current Daily price decline may see Silver decline further to retest the $34.87 breakout level. As the current price declines have moved below the July 24th low the current move is now considered a corrective move as sellers take control of price direction.
BITCOIN
Bull Flag
The price action in Bitcoin continues to develop into a Bullish flag pattern as price grinds lower towards a retest of the $108,379 breakout level. A further close over $123,153 would signal a continuation of the underlying Primary UP trend.
A closing price below the breakout level of $108,379 would show sellers have price control, the current Bearish Wave pattern remains under watch.
Relative strength 14: Neutral
Relative Strength remains in sync with the underlying price movements. Although momentum is slowing in line with price consolidation the RSI remains above the key 50 level.
Comments from last week.
Currently Bitcoin is developing a bullish flag pattern, this will confirm as a breakout with a close over the $123,153 high however since the November 2024 impulsive breakout, Bitcoin has been forming higher highs and lower lows, a hallmark of a Bearish expanding wave pattern with the 5th wave still in development. Should price move below the $108,379 level the flag will have failed, offering sellers directional control to take price back to the $100,000 level.By Naga
Stay ahead with this week’s financial recap: strong tech earnings, rising U.S. tariffs, volatile commodities, and shifting currency markets. Get the latest insights for savvy traders.
WTI slides below $63.50 on US-Russia talks, while silver holds firm above $38 on safe-haven demand and Fed rate-cut bets. AUD/USD softens on rising RBA cut expectations; USD/JPY edges lower amid trade tensions. DXY steadies above 98.00 as Fed leadership speculation swirls. Markets remain cautious as central bank and geopolitical signals guide direction.
Gold rallies to $3,380 on renewed trade tensions and safe-haven demand, while the Yen weakens as fresh US tariff threats emerge. AUD trims gains on mixed Chinese data; GBP/USD and EUR/USD remain steady ahead of key policy decisions. Markets stay cautious as traders eye the BoE, German data, and potential Fed rate cuts.
AUD rallies to a 3-week high as risk appetite improves and commodities rebound. Silver holds near $38 amid safe-haven demand, while WTI rises on a U.S. inventory draw. USD/JPY and USD/CNY stay range-bound, reflecting central bank caution. With the Dollar softening, markets eye US CPI and Fed cues to confirm risk-on momentum.
The US Dollar slips below 99.00 ahead of key ISM Services PMI data, keeping markets cautious. NZD and EUR edge lower, while GBP holds firm. Oil dips below $66 on oversupply concerns and Russian uncertainty. Risk sentiment remains fragile as traders await PMI data from the US and Eurozone to guide the next move.
By Deriv
Just when it looked like the narrative of US dominance was starting to fray - cue April’s market wobble, Trump’s tariff tantrums, and a dollar in decline - global investors pulled a sharp U-turn. In June alone, foreign buyers poured a record $51.1 billion into US stocks and bonds, reversing a rare retreat the month before.
It’s the kind of comeback that has Wall Street veterans buzzing and doomsayers scrambling. The S&P 500 is once again eyeing fresh highs, and talk of “American exceptionalism” isn’t just back - it’s booming. Whether it’s faith in the strength of US institutions, a bet on consumer resilience, or simply a global flight to safety, one thing’s clear: the world is still betting big on brand America.
But with tariffs looming, yields rising, and other markets gaining ground, the question is: Can the US keep the magic alive?
A record rebound in foreign capital inflows
April was messy. The S&P 500 flirted with bear market territory, the Nasdaq fell through it, and Treasury yields went on a rollercoaster as investors braced for a wave of uncertainty. Trump’s surprise return to tariff hikes - dubbed “Liberation Day” by traders - sparked fears of capital flight, currency instability, and a potential unraveling of US market supremacy.
And then, just weeks later, came the whiplash: $311 billion in net foreign inflows in May, the highest monthly total ever recorded. That followed a modest $14.2 billion outflow in April, making the turnaround even more dramatic.
The numbers don’t lie. For the 12 months through May, net foreign inflows are fast approaching the record $1.4 trillion peak seen in July 2023 - right when “American exceptionalism” last dominated headlines.
Source: LSEG & Yadeni Research, US Treasury
Why investors are flocking back to the US markets in 2025
Let’s break it down. What’s pulling all this foreign cash into US markets?
- Tariff shock therapy: The worst of Trump’s tariff threats are, for now, on hold. That pause has given markets time to breathe - and time for investors to snap up assets before things potentially escalate again.
- US consumer strength: Americans, somehow, are still spending. That’s propping up corporate earnings and fuelling optimism that the domestic economy can stay afloat even as global growth falters.
- The dollar and safe-haven appeal: Despite its recent slump, the dollar remains the world’s default safety blanket. With the World Bank forecasting just 2.3% global growth this year, investors are playing it safe - and US assets fit the bill.
- No real alternative: Europe’s in a slowdown. China’s recovery is patchy. When push comes to shove, the US still offers the deepest, most liquid financial markets on the planet.
As Robin Brooks of the Brookings Institution put it: “Markets are far more accepting of all the ups and downs than people realise. US exceptionalism is alive and well.”
The Dollar's safe-haven status has been under threat
Of course, not all that glitters is gold. The dollar just clocked its worst first half in over 50 years.
Source: TradingView
At the same time, the S&P 500 and Nasdaq have retaken prior highs, indexes in Europe and China have outperformed in recent months. There’s also the very real risk that ongoing trade negotiations could fall apart, triggering even higher tariffs down the line.
Then there’s the long-term picture. Critics like Ken Griffin argue the US is “tarnishing its brand” with erratic policy moves, while Deutsche Bank warns that the US’s structural edge - particularly the ability to finance cheaply through dollar dominance - is beginning to erode. Economist Jim Reid stated that they maintain a long-term negative outlook on the US dollar and anticipate a continued rise in US term premia.
Translation? Borrowing could get more expensive, and investors may not always be so forgiving.
The market’s mood right now
The mood right now is marked by relief and a renewed sense of confidence. While bond yields remain high, they’ve levelled off, and stocks are on the rise once more.
Crucially, any notion that global investors might turn their backs on the US has been firmly set aside, at least for now. Market veteran Ed Yardeni noted with a touch of irony that the latest Treasury data reaffirmed investors’ continued faith in the support of foreign buyers.
It’s a cheeky way of saying what many in the markets are thinking: when the chips are down, the world still chooses the US.
US markets 2025 outlook: Will the S&P 500 hit a new record?
That’s the trillion-dollar question. The ingredients are certainly in place:
- Record-breaking foreign inflows
- Easing tariff anxiety
- Earnings holding up
- A global economy still searching for footing
But the headwinds are real - high interest rates, policy unpredictability, and a crowded geopolitical calendar. If global investors get spooked again, this resurgence could quickly stall.
Still, for now, the stars seem to be aligning. The US is back in favour, the S&P 500 is climbing, and the narrative of American exceptionalism - once declared dead - is suddenly alive, well, and buying stocks.
At the time of writing, the S&P 500 price has retreated considerably even as significant capital inflows pour in. Volume bars show dominant buy pressure, with sellers offering some resistance, albeit without much conviction - hinting at a potential price reversal if sellers don’t offer much resistance. If we see an uptick, bulls could challenge the $6,435 price level, where the price has been rebuffed before. Conversely, should we see more downside, prices could find resistance at the $6,215 and $5,928 support levels.
Source: Deriv MT5By Pepperstone
Driven by weaker-than-expected nonfarm payrolls, renewed trade tensions, and shifts within the Fed’s leadership, gold’s safe-haven appeal has notably strengthened. However, in the short term, technical resistance near $3,370 remains a key hurdle. With the ISM Services PMI and a flurry of Fed speeches scheduled this week, volatility could increase further.
By OEXN
President Trump recently increased tariffs on Canadian imports from 25% to 35% for all goods not covered by the US-Mexico-Canada Agreement (USMCA), citing Canada’s failure to curb fentanyl smuggling and ongoing trade barriers. This escalation came despite over 90% of Canadian exports entering the U.S. duty-free, affecting key sectors like steel, aluminum, and automobiles.
US payrolls surprise to the downside following Fed holding ground; BoE on course for another quarter
By FP Markets
Before we dive into the key event of the week, the downside surprise in the July US payrolls data deserves note. The release offered market participants a clear-cut opportunity to trade out of, which, let’s face it, has been few and far between of late, given global uncertainty surrounding US President Donald Trump’s tariffs.
Silver holds steady at $37 as markets await key data. USD shows mixed moves; Yen slips on BoJ policy divergence, while GBP softens ahead of BoE. NZD weakens on China trade concerns. USD/JPY rebounds, USD/CNY stays rangebound on PBoC signals. Traders remain cautious as macro data and central bank cues loom.
Major currencies swung as central banks signaled diverging paths. The BoJ held rates, weakening the Yen, while the BoC hinted at cuts, pressuring CAD. USD/CAD rose, and EUR/JPY and GBP/JPY slid. WTI rallied on U.S.-Russia sanctions. USD/CNY hovered near 7.15 after a firm PBoC fix. Traders now eye inflation data and central bank commentary for direction.
Markets tread cautiously as traders await key decisions from the Fed and BoJ. The Yen gains ground, gold stays rangebound, and the Kiwi weakens on risk aversion. A softer Aussie CPI pressures AUD/USD, while the US Dollar Index lingers below 99.00. All eyes are on central bank guidance to shape the next move across currencies and commodities.
WTI dipped below $66.50 as traders remained cautious ahead of US-China trade talks and the FOMC decision. Silver held near $38 amid easing tensions but awaits Fed cues. USD/CAD, NZD/USD, and equity indices consolidated in tight ranges as markets adopt a wait-and-see stance. Volatility may rise with upcoming central bank and trade developments.
By Naga
Markets wrapped the week digesting a wave of macro signals. The ECB kept rates on hold and doubled down on its data-dependent stance, signaling no rush to pivot. That echoed across risk assets, with traders recalibrating bets in real time.
Markets rallied as the US and China are set to extend their tariff pause by 90 days, boosting risk sentiment and weakening the US Dollar. Gold slid below $3,350, while GBP and EUR gained. AUD held steady ahead of key CPI data. Investors now await the FOMC meeting and US job reports for further direction.
Markets rallied on trade optimism, weakening the USD and boosting the Pound, Kiwi, and Yen. Silver slipped to $39.00 as safe-haven demand faded. The PBOC’s firmer yuan fix signaled cautious confidence, while USD/JPY hit a two-week low. Traders now eye fresh trade headlines and key US data for further direction.
By Deriv
Once upon a time, investors rushed to gold only when the world looked like it might catch fire. War, recession, a market meltdown - cue the stampede to safety. But lately, something curious is happening. Gold is climbing, the dollar is wobbling, and safe-haven demand is on the rise… while the headlines are, well, not exactly screaming doom.
On July 23, markets tilted risk-on as hopes for renewed US-China trade cooperation lifted sentiment across Asia-Pacific. The Australian Dollar gained broadly, with AUD/JPY nearing 96.50, while the Yen weakened sharply amid political instability in Japan. USD/JPY rebounded toward 158.00, fueled by higher U.S. yields. Meanwhile, WTI crude extended losses below $65.50 as Chinese demand concerns and rising U.S. inventories weighed. The PBOC’s firmer yuan fix signaled cautious support, keeping USD/CNY rangebound near 7.1490. Markets now eye U.S. and Chinese data for cues on growth and inflation.
Global markets opened cautiously as investors reacted to US-EU trade tensions, oil supply concerns, and New Zealand rate cut speculation. The US Dollar held steady near 98.00, while NZD slipped below 0.5950. EUR/USD stayed firm near 1.1700, and the PBOC set a stronger yuan fix at 7.1460. WTI crude dropped to $65.50 amid oversupply fears.
Gold prices extended their climb Monday, holding near the $3,350 mark, as renewed global trade tensions and cautious risk sentiment spurred demand for safe-haven assets. The US Dollar traded mixed across major pairs, with investor hesitation reflecting growing uncertainty over potential tariffs and uneven economic data. While the euro and British pound struggled for momentum, commodity-linked currencies like the Canadian and New Zealand dollars held relatively firm despite external pressures. With central bank decisions and macro releases on the horizon, traders are preparing for further volatility.
By Naga
Markets took a breather this week, moving mostly sideways as traders processed the latest economic data and waited for a stronger read on where global growth is headed. There’s still a mix of hope and caution out there—optimism about recovery, but inflation and sticky interest rates are keeping everyone on their toes.
On July 17, dovish Fed commentary drove the US Dollar lower, lifting major currencies and risk sentiment globally. EUR/USD climbed above 1.1600, GBP/USD neared 1.3450, and AUD/USD gained traction above 0.6800. Markets welcomed signs of US-China trade stability, while attention now shifts to upcoming U.S. consumer sentiment data and Eurozone inflation. With the Fed turning more cautious, traders are recalibrating rate cut expectations, favoring higher-yielding and risk-sensitive currencies in the short term.
On July 16, 2025, oil slipped below the $66 mark as geopolitical fears surrounding Russia eased after the White House softened its stance. Meanwhile, silver extended its rally toward $38.00 amid safe-haven demand, and the New Zealand Dollar held firm above 0.5950 in a risk-on environment. Traders eye the upcoming U.S. PPI and UK CPI releases for direction, with central banks still walking a fine line between inflation control and growth support. Market tone remains cautious but constructive, especially for commodities and risk-linked currencies.
On July 16, 2025, oil slipped below the $66 mark as geopolitical fears surrounding Russia eased after the White House softened its stance. Meanwhile, silver extended its rally toward $38.00 amid safe-haven demand, and the New Zealand Dollar held firm above 0.5950 in a risk-on environment. Traders eye the upcoming U.S. PPI and UK CPI releases for direction, with central banks still walking a fine line between inflation control and growth support. Market tone remains cautious but constructive, especially for commodities and risk-linked currencies.
China’s Q2 GDP surprise at 5.2% YoY sparked a positive reaction across global markets on July 15, 2025. Commodity currencies like AUD and NZD advanced modestly, while Gold hovered near $3,350 ahead of key U.S. CPI data. The Japanese Yen weakened despite safe-haven flows, as 10-year JGB yields hit their highest since 2008, highlighting BoJ-Fed policy divergence. Market sentiment improved across Asia-Pacific, with attention now shifting to U.S. inflation prints and central bank signals to guide risk appetite in the sessions ahead.
By Naga
Another week, another round of mixed signals. Inflation is still hanging around, but economic data hints at a slowdown. The result? Markets are stuck in a holding pattern—again.
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