Market Overview - Page 29

Falling EURUSD reflects trade flows, tariffs, and weak EU fundamentals despite the Fed’s easing prospects; parity or new lows are possible if trends persist.

US home prices have declined for three months, signalling market cooling. This trend pressures the Fed to lower rates and is negative for the dollar in the current cycle.

In Jackson Hole last week, the Fed chairman said that a weak labour market would slow down inflation, which is rising due to tariffs. The central bank could now throw the US economy a lifeline in the form of monetary.

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.