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Gold extends record-breaking rally to a fresh all-time high near $3,660, trading around $3,650 on Tuesday.Markets fully price in a September Fed rate cut after weaker-than-expected NFP, with a 25 bps move seen as certain.XAU/USD is consolidating just below record highs on the 1-hour chart, with RSI

USD/CAD edges higher during the Asian session on Tuesday, though the upside seems limited.BoC rate cut bets continue to undermine the CAD and offer some support to the currency pair.More dovish Fed expectations weigh on the USD and cap spot prices amid an uptick in Oil prices. The USD/CAD pair attra

The Japanese Yen kicks off the new week on a weaker note in the wake of domestic political turmoil.Japanese PM Shigeru Ishiba’s resignation could temporarily hinder the BoJ’s policy normalization path.Rising Fed rate cut bets could weigh on the USD and keep a lid on any meaningful gains for USD/JPY.

The Australian dollar has rebounded on Wednesday and is in postive territory. In the European session, AUD/USD is trading at 0.6532, up 0.19%. The Aussie declined 0.52% on Tuesday, ending a streak of five consecutive winning sessions. Aussie GDP hits fastest pace in nearly two years Australian GDP g

Gold retreated from fresh record highs beyond $3.500 but remains steady above $3,470.The US Dollar appreciates amid higher US yields and a risk-averse market.XAU/USD is correcting lower after a six-day rally. Gold is trading higher for the sixth consecutive day on Tuesday, but the precious metal fou

US Dollar Index The dollar index remains in red for the fifth straight day and probes again through key supports at $97.61/52 (daily cloud base / Fibo 61.8% of 95.97/100.04) which have so far contained a number of attacks and marks solid supports. The dollar keeps negative tone on rising bets for Fe

The U.S. economy grew at an even faster than thought pace in the second quarter as consumers and businesses held up against tariff volatility. Gross domestic product rose at a 3.3% annualized pace in the April-through-June period, the Commerce Department reported Thursday in its second estimate for

Outlook We get the US Q2 GDP revision, pending home sales (July), the usual weekly jobless claims, and the Kansas City Fed business survey. Probably the most important will be a speech by dove Waller, one of the top Trump choices to replace Powell. He speaks after the close but we know he will be ta

US Durable Goods Orders data Overview The Durable Goods Orders for July is due for release today at 12:30 GMT. Economists expect fresh orders for durable goods have declined again, but at a moderate pace of 4%, compared to a 9.3% contraction seen in June. The Durable Goods Orders data measures the c

Raydium (RAYUSD) Elliott Wave analysis indicates Wave II correction is in progress, with a potential bullish Wave III rally expected after reaching the blue box support zone. Raydium (RAYUSD) completed a clean five-wave impulse from the January 2023 low, reaching $8.6642. According to Elliott Wave a

In this technical article we’re going to look at the Elliott Wave charts of Dollar index DXY published in members area of the website. US Dollar has recently given us Double Three pull back and found buyers again precisely at the equal legs area as we expected. In this discussion, we’ll break down t