The euro steadied as investors awaited central bank signals, while the pound struggled to hold gains after strong UK data. The yen drew support from softer trade flows, though policy uncertainty lingered. The kiwi weakened after the central bank cut its outlook, reflecting slower growth and labor challenges. Gold extended losses under dollar strength and easing geopolitical risks, though its safe-haven role keeps the chance of recovery alive if tensions or policy shifts reignite demand.
The euro gained support from positive regional developments, while traders await U.S. housing data and central bank commentary that may shift sentiment. The pound faces pressure as fiscal and tax concerns weigh, though short-term moves still follow U.S. figures. The yen remains under strain near recent lows, influenced by cautious Bank of Japan policy and global negotiations, while the dollar stays firm. The Australian dollar reflects uncertainty, balancing resilient labor data with cautious central bank outlook, while the New Zealand dollar awaits the central bank decision where a rate cut is likely but forward guidance will shape direction. Gold holds near recent ranges as geopolitical risks and anticipation of Fed signals limit momentum, with investors weighing safe-haven demand against stronger dollar headwinds.
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The euro weakened as concerns over slowing growth and policy uncertainty weighed on sentiment, while the pound slipped amid mixed domestic data and cautious optimism around central bank moves. The yen held firm, supported by safe-haven demand but limited by the Bank of Japan’s reluctance to shift policy. The Australian dollar traded indecisively as labor strength clashed with softer inflation, while the kiwi faced pressure from weak fundamentals and expectations of easing. The Canadian dollar struggled as softer oil prices offset resilience in domestic data, leaving the pair vulnerable to Fed signals. Gold hovered near recent lows, balancing geopolitical risks with shifting expectations on monetary easing, with traders watching central bank guidance and global developments for direction.
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The highlight of this week is the Jackson Hole Economic Policy Symposium, running August 21–23, with highly anticipated speeches from Fed Chair Jerome Powell and other central bankers. Traders are watching closely for clues on future interest rate movements. Adding to the sentiment, the release of the U.S. Federal Reserve’s July meeting minutes is expected this week, offering deeper insight into internal policymaking.
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The euro weakened after soft growth data fueled expectations of ECB easing, while the pound gained on strong UK figures, supported by hopes of sustained recovery. The yen strengthened as softer US inflation and labor data boosted bets on Fed cuts, pressuring the dollar. Gold extended gains for a third day, lifted by falling yields and safe-haven demand as markets priced in September rate cuts, with geopolitical tensions adding further support to bullish sentiment.
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The euro gained as inflation data matched forecasts, supporting a steady ECB stance, while the pound rose on strong labor data and dollar weakness. The yen eased on reduced haven demand, with markets eyeing Fed guidance. Gold steadied near recent highs as softer US inflation bolstered expectations of a rate cut, though resistance levels capped gains.
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The euro weakened amid poor German and eurozone sentiment data, with focus on US inflation shaping Fed policy expectations. The pound faced pressure from mixed UK employment figures and cautious BoE outlook. The yen slipped as trade optimism reduced demand for safe havens, while BoJ policy divergence with the Fed persisted. The Australian dollar declined after an RBA rate cut, with markets awaiting US CPI for guidance. Gold rebounded after prior losses, supported by safe-haven demand and technical buying, but gains remain capped by geopolitical developments and Fed policy uncertainty.
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The euro remained under slight pressure amid limited data and cautious investor sentiment, with geopolitical events offering potential but uncertain support. The pound held resilient despite corrections, benefiting from a favorable domestic backdrop and a weaker dollar, though market attention remains on upcoming UK data. The yen traded in a narrow range as the Bank of Japan maintained a cautious policy stance, with safe-haven demand subdued for now. The Australian dollar steadied ahead of a widely expected RBA rate cut, with market focus on signals for future policy moves. Gold faced selling pressure amid tariff uncertainty and profit-taking, with key support levels in play and upside capped unless strong buying momentum returns.
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This week is packed with high-impact macro releases that are likely to steer FX markets: US July CPI (Tue) and related U.S. inflation reads, a scheduled RBA monetary policy decision and press conference (Tue), flash/first estimates of Eurozone and UK Q2 GDP (mid-week), a string of US producer and retail flows later in the week, and a set of central-bank speeches and country-specific monthly indicators that will influence currency pairs and cross-asset flows. These items will move market expectations for central-bank policy and growth across USD, AUD, EUR, GBP, JPY and commodity
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The euro held firm despite weak German data, buoyed by ECB optimism, but faces pressure from upcoming US jobless claims and Fed commentary. The pound steadied ahead of a BoE rate cut, with sentiment hinging on US labor data and MPC signals. The yen traded sideways as markets assessed BoJ policy amid weak wage growth and cautious inflation outlook. Silver showed strength toward resistance, though mixed signals keep the bias uncertain amid shifting US rate expectations. Gold hovered near recent highs, supported by Fed easing hopes but constrained by technical barriers and looming breakout risks.
