Retail Sales

The U.S. dollar is under renewed pressure as softer economic data reduce expectations for another Federal Reserve rate increase. EUR/USD and GBP/USD are drawing support from narrowing policy divergence, domestic data and bullish technical structures.

AUD/USD has extended its rebound to the highest level since June 5 as risk appetite improves and US data reinforces expectations for steady Federal Reserve policy. Technical traders are watching 0.7185 as the next upside target, while a move below 0.7020 would weaken the bullish setup.

Goldman Sachs says a September Federal Reserve interest-rate increase is very unlikely, citing softer economic data and improving inflation trends. The view is supportive for bitcoin bulls as BTC remains confined to a narrow trading band around the mid-$63,000 area.

EUR/USD advanced to its highest level since June 17 after weak US macro data weighed on the dollar and reduced pressure on the Federal Reserve to raise interest rates. Technical traders are watching a bullish flag structure, with a break above 1.1600 seen as a potential confirmation signal for a move toward 1.1650.

U.S. equity benchmarks moved lower as traders weighed weaker retail sales, softer consumer sentiment and rising Treasury yields. Tech shares led the retreat, while energy and basic materials found support from stronger oil markets.

The S&P 500 retreated from its record as pressure in large technology names outweighed selective strength in memory stocks and Reddit’s index-inclusion surge. Softer retail sales, weaker consumer sentiment and worsening disruption near Hormuz left traders reassessing growth, inflation and rate expectations at the same time.

The S&P 500 retreated from its record close as losses in major technology names outweighed pockets of strength in memory stocks and energy. Reddit’s index-inclusion rally remained intact, but softer consumer data and worsening Hormuz tensions kept broader risk appetite under pressure.

Spot gold eased Thursday after reaching $4,449.83, its highest level since June 5, as buyers struggled to extend the rally despite softer inflation signals and lower Treasury yields. Technical traders are watching whether a bearish closing price reversal develops, with resistance near $4,481.78 and $4,501.24 and support clustered around the 50-day moving average.

Gold’s push to a two-month high faded as rising Treasury yields and firmer oil prices rebuilt the case for tighter Federal Reserve policy. Wednesday’s CPI release is now the key test for whether bullion can reclaim $4,416.82 or slide into a deeper technical correction.

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.

GBP/USD has climbed to 1.3535, its strongest level since May 12, as dollar weakness follows softer US inflation figures. Traders are watching UK political developments, mixed domestic data and upcoming US retail sales for the next directional signal.

The U.S. dollar gained ground after retail sales matched expectations and jobless claims pointed to a resilient labor market. Major currency pairs moved unevenly, with EUR/USD and GBP/USD retreating while USD/JPY climbed alongside Treasury yields.

The Nasdaq Composite is sitting near a key technical area after settling on the strong side of its 50-day moving average and inside a short-term retracement zone. Chip weakness, upcoming retail sales and jobless claims data, and the Netflix report after the close are shaping the next move for US technology shares.

GBP/USD climbed to 1.3535, its highest level since May 12, as softer US inflation data weighed on the dollar and supported sterling demand. Traders are watching UK political developments, mixed domestic growth figures and upcoming US retail sales and pending home sales data for the next directional cue.

EUR/USD climbed for a second straight day after weaker US inflation figures pressured the dollar and lifted the pair to 1.1482, its highest level since June 18. Technical traders remain cautious as a bearish flag pattern, resistance near 1.1550, and upcoming US retail sales and pending home sales data shape the next move.

EUR/USD remained under pressure near 1.1415 as US dollar strength and geopolitical tensions kept traders cautious. Technical traders are watching a bearish flag pattern, with 1.1323 and 1.1500 emerging as the key levels for the next move.

The S&P 500 reversed from record highs as traders await the Fed decision, while Oracle jumped 5% on TikTok deal reports. Retail sales data showed consumer resilience.