Market Overview
Oil dipped slightly; Stochastic RSI bearish. AUD/USD traded sideways, MACD positive. EUR/USD stable, overbought. USD/JPY unchanged, RSI positive. China banks gain gold import quotas, gold prices surge. India’s forex reserves decline. US stocks rally. Global focus on Jackson Hole. Today’s economic releases: US bill auctions, German Buba report, China FDI, NZ exports/imports. This week is shaping up to be an important one for global markets, with all eyes on the Federal Reserve’s annual economic symposium in Jackson Hole, running from July 22 to 24. This year’s theme, “Reassessing the Effectiveness and Transmission of Monetary Policy,” couldn’t be timelier given the current economic uncertainties.
Economic Calendar
EURUSD Analysis
Chart Analysis
GBPUSD Analysis
Chart Analysis
GBPJPY Analysis
Chart Analysis
XAUUSD Analysis
Chart Analysis
WTI Analysis
Conclusion
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