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The most recent moves in the US Dollar may have mean-reverted in Forex markets, but the same can’t be said about precious metals. They had been subject to some selling pressure ahead of the Jackson Hole Symposium but a conjunction of a dovish interpretation of FED Chair Jerome Powell’s speech and growing concerns about the … Read more

Key Highlights GBP/USD corrected gains from 1.3595 and traded below 1.3450. A connecting bearish trend line is forming with resistance at 1.3500 on the 4-hour chart. EUR/USD is struggling to continue higher above 1.1650 and might decline to 1.1520. The US GDP could grow by 3.1% in Q2 2025 (Preliminary). GBP/USD Technical Analysis The British … Read more

The August survey pointed to broadly unchanged levels of optimism, still difficult current conditions, and a slight easing of inflation pressures. Key results, Aug 2025 Business confidence: 49.7 (Prev: 47.8) Expectations for own trading activity: 38.7 (Prev: 40.6) Activity vs same month one year ago: 1.3 (Prev: 5.9) Inflation expectations: 2.63% (Prev: 2.68%) Pricing intentions: … Read more

In focus today In the euro area, we receive data on credit growth for July. Growth has picked up significantly this year in a sign of the easing monetary policy working though the economy. Yet, most recently credit growth has lost some momentum, and it will be interesting to see if that continued in July. … Read more

Nvidia revealed its Q2 results yesterday after the closing bell and the numbers were, again, very impressive. The company made $46.7bn in revenue last quarter, broadly in line with expectations – and that without selling any H20 chips to China due to export restrictions. The profit margin climbed back above the 70% mark, and the … Read more

Markets Markets continued digesting this week’s mainly political event risk coming from the US and France. The US yield curve bull steepened with yields around 5 bps lower at the front end of the curve and broadly flat at the very long end. Apart from Fed Powell’s dovish pivot in Jackson Hole, markets start pricing … Read more

The short-term Elliott Wave outlook for Gold (XAUUSD) indicates a sustained upward impulse from the July 31, 2025 low. The rally began with wave 1 peaking at 3409.4, followed by a wave 2 pullback concluding at 3311.26. This wave 2 correction formed a double three Elliott Wave pattern. Specifically, wave ((w)) declined to 3340.81, wave … Read more

The major European currencies held their ground near key levels on Thursday. Following Jerome Powell’s dovish remarks at the Jackson Hole symposium, the US dollar first fell sharply, then corrected higher on Monday, only to weaken again by midweek. Market reaction, however, remains uncertain: investors have yet to form a consensus on whether the dollar’s … Read more

The EUR/USD pair today is moving under the influence of several factors: Donald Trump’s decision to dismiss Lisa Cook, a member of the Federal Reserve Board of Governors, raising concerns over the Fed’s independence; expectations of a Fed rate cut in September; anticipation of US GDP and jobless claims data (due today at 15:30 GMT+3); … Read more

The GBP/USD pair advanced to 1.3509 on Thursday. The primary catalyst for traders was the latest UK Producer Price Index (PPI) data. UK producer inflation accelerated to a two-year high, reaching 1.9% year-on-year (y/y) in June. This follows a previous report showing that consumer price inflation (CPI) rose to 3.8% y/y in July, an 18-month … Read more