Market Overview - Page 16

The ECB likely will hold at 2%, and the US CPI may rise to 2.8%. Rate cuts depend on inflation data; a slowdown could weaken the USD and boost stocks. Investors will watch Lagarde's remarks.

The dollar remains a safe haven amid global debt fears and political unrest. US job data and Fed rate cut expectations weigh on markets, and the S&P 500 remains volatile.

The US job market shows a slowdown: fewer openings, planned layoffs near 900,000 YTD, private jobs up 54k, and analysts expect NFP around 75–130k; Fed rate cuts are possible.

Oil came under pressure on Wednesday, losing more than 2% on reports by Bloomberg that OPEC+ plans to raise quotas again at its next meeting. Last month, the cartel removed all additional self-imposed restrictions that major producers such as Saudi.

Gold has hit a new high due to trade uncertainty, the Fed's rate cuts, and central banks' bullion purchases. The Federal Appeals Court's ruling on tariffs and geopolitical tensions have also boosted demand for gold

Britain’s pound and FTSE100 fell as rising bond yields fuel fiscal concerns; investor flight boosts the dollar’s strength as a safe haven.

There was a notable market shift during August, as Microsoft went down 7.5% while Alphabet went up 13%. Both stocks face possible short-term corrections, but this could make it attractive to buy on a dip.

Gold eyes $4,500, silver targets $50 as traders show confidence, and platinum is poised for growth. However, caution is urged as historic highs may trigger profit-taking.

Crypto sentiment weakens, BTC nears key support, ETF inflows rise, and TRON cuts fees as Tether dominance drops below 60%.

Key events next week include euro area inflation flash estimates, PMI Manufacturing and Services and Nonfarm Payrolls.

US inflation is rising but matches forecasts; consumer spending and income remain healthy. The Fed may still cut rates in September, pending jobs data.

Gold is trading above $3,400 again at the end of the week. The upper limit of the trading range, within which the price has been fluctuating since April, is close to $3,430. Jerome Powell’s signals about a rate cut, unprecedented.