Economic Highlights Today

GOLD - GOLD continues to decline from record highs as September rate cuts approach—this is in anticipation of lower USD prices and more strength for the metal in the near future. Consequently, we are looking into increasing our trading activity in GOLD.

SILVER - SILVER has declined into the consolidation zone at 29.018. We expect further growth in this market and see more opportunities for SILVER. Current prices are being positioned at a more advantageous spot for trading.

DXY - The Dollar is currently gaining strength following yesterday‘s trading, showing a recovery before the anticipated big fall, as many traders expect. However, we continue to expect the Dollar’s decline beyond the rate cuts, driven by various factors that we will discuss in the coming days.

GBPUSD -The Pound is currently undergoing a technical correction, with expectations of a continued rise after the September announcement. There are no changes in our readings.

AUDUSD -Aussie CPI came in higher than anticipated but still well below 3.8%. The trend continues to show a slowdown since January 2024, reinforcing expectations of rate cuts by the RBA. However, all eyes are on the FED's rate cut decisions, with current prices consolidating between 0.67985 and 0.67531.

NZDUSD - The Kiwi maintains strong trading even after the USD's recovery, showcasing its strength and market expectations of a better economy following earlier-than-expected rate cuts this season. We continue to expect more growth in this market.

EURUSD - The Euro has currently stagnated and fallen below 1.11386. We expect the bullish trend to resume after the September announcements, with no changes in our expectations or readings.

USDJPY - The Yen remains stagnant following yesterdays trading, indicating the potential for a larger drop than initially expected. However, other factors, including Japan's economic conditions, will play a role in this market's movement.

USDCHF - The Franc shows strength as prices continue to decline amid market insecurity. We anticipate further growth in this market as the Franc continues to dominate.

USDCAD - The CAD is currently trading below 1.34803, and we expect this market to continue selling. Our expectations remain unchanged, and we anticipate further declines.