Market Overview - Page 9

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.

US dollar The US dollar has been consolidating for more than two weeks. Pressure on the USD index is being exerted by the increased likelihood of a Fed rate cut in September, from 69% to 85%, following Jerome Powell’s dovish.

US labour market cools as unemployment claims rise, signalling slowing economic activity and hinting at possible need for monetary policy easing

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.