FxWirePro- Major European Indices 
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900 
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: GBP/USD steadies ahead key data, BoE event risk 
FxWirePro: AUD/USD dips on soft China data 
FxWirePro: GBP/AUD gives up early gains after UK GDP shock 
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
FxWirePro- Major European Indices 
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K 
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout 
FxWirePro: GBP/USD dips on UK GDP data miss 
Ichimoku Analysis (4- hour Chart)
Tenken-Sen- $1793.06
Kijun-Sen- $1789.38
Gold price regained after a minor decline to $1783 on weak US PPI data. It fell by 0.5% in July for the first time since the COVID pandemic compared to a forecast of 0.2%. US dollar index halted its weak trend and showed a pullback above 105 despite the PPI miss. Markets eye geopolitical tension between China and Taiwan for further direction.
According to the CME Fed watch tool, the probability of a 75 bpbs rate hike in Sep dropped to 37.5% from 42% a day ago.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index – Bearish (positive for gold)
US10-year bond yield- Bearish (positive for gold)
Technical:
The near–term support is around $1780, a breach below targets $1760/$1750/$1740. Significant reversal only below $1650. The yellow metal faces minor resistance around $1800, breach above will take it to the next level of $1820/$1840.
It is good to buy on dips for around $1770 with SL at around $1750 for TP of $1825.
