FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 
FxWirePro- Major Crypto levels and bias summary 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro- Major Pair levels and bias summary 
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
FxWirePro:EUR/AUD eases but bullish outlook persists 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
Ichimoku Analysis (4- Hour chart)
Tenken-Sen- $1944.01
Kijun-Sen- $1952.80
Gold traded weak for the second consecutive day on a strong US dollar It has gained momentum despite Fitch downgrading US. It has lowered the credit rating of the United States from AAA+ to AA+. It hits a low of $1933.30 and is currently trading around $1937.69.
US private sector employment increased by 324000 in Jul, compared to a forecast of 185000.
Major economic data for the day
Aug 3rd, 2023, BOE monetary policy (11 am GMT)
Unemployment claims (12 am GMT)
US ISM services PMI (2 pm GMT)
US dollar index- Bullish. Minor support around 100.60/99.50. The near-term resistance is 102.50/103.
According to the CME Fed watch tool, the probability of a no-rate hike in Sep increased to 82.50% from 78.70% a week ago.
The US 10-year yield gained sharply after upbeat US private sector jobs. The US 10 and 2-year spread narrowed to -78.10 from -110%.
Factors to watch for gold price action-
Global stock market- bullish (negative for gold)
US dollar index - Bullish (bearish for gold)
US10-year bond yield- Bearish (negative for gold)
Technical:
The near–term support is around $1930, a break below targets of $1920/$1900. The yellow metal faces minor resistance around $1940 and a breach above will take it to the next level of $1955/$1970/$1985.
It is good to sell on rallies around $1940 with SL around $1950 for TP of $1900.
