Consumer Confidence

The U.S. Dollar Index remained firm after ISM Services PMI eased to 54.9 from 55.4, while Treasury yields kept pressure on major currency pairs. EUR/USD and GBP/USD weakened, USD/CAD pressed resistance, and USD/JPY tested levels above 158.00 amid intervention caution.

EUR/USD remained under pressure after a sharp dollar advance and a sell-off in government bonds pushed the pair to its lowest level since June. Technical signals point to a bearish trend, although deeply oversold momentum may leave room for a short-lived rebound.

Bitcoin remained under pressure after retreating from this month’s high, with rising bond yields and US macro risk weighing on sentiment. Still, ETF inflows, corporate accumulation, and a break-and-retest chart structure are keeping bullish traders focused on a potential move toward 90,000.

EUR/USD is trading near its lowest level since June 24 after sliding to 1.1367, with traders focused on upcoming US jobs, inflation and confidence readings. Technical signals remain bearish as the pair holds below its 50-day moving average and a descending trendline.

AUD/USD has fallen for three consecutive weeks, touching 0.7023 as markets prepare for the Reserve Bank of Australia’s interest rate decision. Technical traders are watching 0.7000 as a key support level, with 0.6900 in focus if bearish momentum persists.

The Nasdaq recovered near its 50 day moving average as lower yields and renewed chip demand supported risk appetite. Traders now face a critical test from PCE inflation, second quarter GDP and Nvidia earnings, while weak consumer confidence and retail selling complicate the rebound.

EUR/USD has slipped from its recent high as the US dollar attempts a cautious rebound and traders await key US data. The pair remains above 1.1620 support, but a double shooting star pattern is keeping bearish scenarios in focus.

AUD/USD is consolidating near recent multi-month highs as traders assess whether the pair can resume its broader advance after a modest pullback. U.S. inflation data, economic releases and Federal Reserve signals from Jackson Hole could decide whether the bullish setup extends or reverses sharply.

EUR/USD edged higher to trade around 1.1400, staying above this week’s low of 1.1353 as markets assessed geopolitical risk and the upcoming Federal Reserve decision. Traders are watching whether a hawkish pause, inflation data and technical resistance near 1.1483 can shape the next move.

GBP/USD remains under pressure after softer US consumer confidence and firmer house price data reinforced caution ahead of central bank decisions. Technical traders are watching 1.3150 as the key downside target, while a move back above the 50-day EMA could shift near-term momentum.

Gold and silver remain under pressure as traders prepare for the Federal Reserve’s interest rate decision and its impact on the U.S. dollar. Key technical levels are defining the next move, with gold centered on the $3,950 to $4,200 range and silver locked between $55 and $64.

EUR/USD remained boxed in near 1.1373 as traders balanced a pause in US-Iran attacks against upcoming US and European data. Technical traders are watching whether the pair can hold above June support or extend its slide below key resistance levels.