The Dow Jones Industrial Average fell nearly 0.5% after July’s Core PCE inflation data surprised markets by rising faster than expected. Sticky inflation raises doubts about the timing of Federal Reserve rate cuts, igniting volatility across equities and bonds. Investors are recalibrating policy outlooks amid persistent price pressures.
Weekly Forex Analysis: As June 2024 progresses, EUR/USD remains subdued despite ECB’s rate cut and dovish tone, confined within a sideways range near key technical levels. GBP/USD and AUD/USD face pressures amid mixed UK data and commodity price shifts. US economic releases and central bank guidance will be crucial in setting near-term trends across major pairs. Traders should watch breakout levels around 1.09 for EUR/USD and 1.25 for GBP/USD, with risk sentiment and geopolitical developments influencing market dynamics.
European market wrap: The US dollar held steady amid cautious trading in equities, which eased slightly across major European indexes. Investors remain focused on the upcoming US Core PCE Price Index report and month-end positioning, awaiting data that could influence Fed policy and market direction. Bonds showed mild safe-haven demand as risk appetite moderated ahead of key US economic releases.
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EUR/USD remains resilient, holding firm above the key 1.0800 support level as markets await crucial US economic data this week. Investors are eyeing core PCE inflation, jobless claims, and GDP figures closely, looking for clues on the Federal Reserve’s next moves. The currency pair’s near-term direction will hinge on these outcomes amid cautious risk sentiment and differing monetary policy paths between the Fed and ECB. Stay tuned for potential volatility shifts in the world’s most-traded forex pair. #EURUSD #Forex #USD #Euro
Elliott Wave analysis of USDJPY as of Sept 1, 2025 suggests the pair is in the final stages of a five-wave impulsive move from 2021 lows. If wave (5) completes near 150.60, a corrective pullback could be imminent, signaling a potential shift in trend. Traders should watch for confirmation.
Dow Jones slides over 250 points as July’s hotter-than-expected PCE inflation data signals persistent price pressures. Elevated inflation raises odds of prolonged Fed tightening, dimming hopes for near-term rate cuts and spooking equity markets.
Gold shows strong buy potential in mid-2024, according to Eren Sengezer’s FXStreet analysis. Supported by resilient price action above $2000, expectations of Fed rate cuts, persistent inflation, and ongoing geopolitical risks, gold remains a key safe-haven asset. Strategic investors should consider increasing exposure as market volatility grows.
GBP/USD ended last week consolidating amid mixed UK labor data and persistent USD strength. Technical outlook shows support near 1.2640 and resistance at 1.2850. Market focus remains on UK inflation, BoE policy, and US economic resilience shaping near-term direction. More details from ActionForex.com.
EUR/USD remains rangebound between 1.0700 and 1.0780 as traders await fresh catalysts. Mixed economic data from both the eurozone and US keep momentum muted. Market eyes ECB and Fed signals closely for clues on the next breakout direction.
