Market Overview
The EUR/USD pair declined, while the USD/JPY pair rose. Gold prices fell despite a positive MACD signal. Google’s stock dropped, supported by a negative Stochastic RSI. The US dollar rebounded due to month-end buying, and Wall Street’s main indexes were lower. Berkshire Hathaway’s market value exceeded $1 trillion. Last Friday, Federal Reserve Chair Jerome Powell delivered a speech that reverberated through the financial markets, with the U.S. dollar bearing the brunt of the impact. In the days leading up to his address, the dollar had already been under pressure, slipping around 1.5% as various Fed officials hinted at possible interest rate cuts. Among those signaling this shift were Fed Presidents Bostic, Kashkari, Daly, Collins, and Harker, creating widespread anticipation that Powell would confirm the likelihood of a rate cut at the upcoming September meeting.
Economic Calendar (GMT+1)
EURUSD Analysis
Chart Analysis
GBPUSD Analysis
Chart Analysis
GBPJPY Analysis
Chart Analysis
XAUUSD Analysis
Chart Analysis
WTI Analysis
Chart Analysis
Conclusion
Our forex market report offers an overview of critical economic and financial events that impact the global forex markets. Traders should closely monitor developments to fine-tune their trading strategies accordingly. Join us for more at: https://my.dbinvesting.com/links/go/955
