Market Overview - Page 22

The main economic calendar events for the last week of August will be the release of data on US GDP for the second quarter, the personal consumption expenditure index, and the trade balance for July. Investors will be interested in.

Gold is consolidating; Fed policy, central bank demand, and geopolitics will decide the next trend. August could spark a breakout.

The US dollar gained amid decreased chances of a Fed Rate cut in September, but much depends on Powell & Co.'s comments and how they interpret the recent data.

Eurozone PMI boosted EURUSD above its 50-day MA. Market awaits Powell’s speech; EURUSD likely stays near 1.1650.

Nasdaq100's decline is driven by less dovish rate expectations and waning AI euphoria, but past patterns suggest corrections may lead to growth, not a global sell-off.

US construction permits fell to a 5-year low, signalling a slowing housing market. Median new home prices dropped to $401,800, highlighting ongoing downward trends.

The US dollar is showing signs of recovery due to inflation risks and shifting trade flows, but a lasting uptrend will only be clear if DXY surpasses 100.

The crypto market dips as BTC tests $114.7k and ETH $4,200. Capital inflows surge, but large holders lock in profits. Solana hits a record TPS in a stress test.

Eurozone trade surplus dropped to lowest since May 2023 as exports fell and imports rose. This may push the ECB to maintain an easier monetary policy.

There are signs that oil prices are attempting to bottom out at around $61 per barrel for WTI and $65 per barrel for Brent. In the middle of last week and at the start of trading on Monday, local lows.

The central event of the week leading up to the 22nd of August will be the meeting of central bank governors in Jackson Hole. In the past, regulators have occasionally signalled changes in monetary policy. Now something similar is expected.

US retail sales show steady growth, outpacing inflation. Construction sales decline, but fears of a repeat mortgage crisis are eased as prices rise while volumes fall.