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EURUSD 4 HOUR: Why 1.1650 remains pivotal
1.1650 = midpoint of two key round numbers. 1.15 and 1.18.
If 1.1650 becomes so;id support, then 1.18 becomes a target
If 1.1650 fails to become support and becomes resistance, then range goes back to 1.15-1.16
1.1642 currently being tested (low so far 1.1649)
XAUUSD (GOLD) 4 HOUR: Still on the defensive
Trend: UP Momentum: Short-term down
On the defensive but so far trading above yesterday’s 4583 low, which needs to hold to turn this into consolidation rather than a further retracement. In this regard, no key levels to note within 4500-4600 other than 4583 and 4519 (23.6%). Resistance starts at 4643.
COMING UP: Data: Chinese Industrial Profits (Jul), German GfK Consumer Confidence (Sep), US Jobless Claims (Aug/22).
Events: Fed Jackson Hole Symposium (27-29th), BoK Announcement (Aug), ECB Minutes (Jul), RBA Bulletin (Aug).
Speakers: BoJ’s Himino. Supply: US. Earnings: Marvell, Pernod Ricard.
US MARKET WRAP: Dollar and US yields rise on above expected PCE; stocks rangebound ahead of NVDA earnings
SNAPSHOT: Equities mixed, Treasuries down, Crude down, Dollar up, Gold down
USDCAD 4 HOUR: Key resistance looms
With U.S.-Canada trade relations hitting the CAD, let’s take a look at what would accelerate the USDCAD reaction to the upside or keep it contained.
Key level is 1.3910, blocks 1.3929 (38.2%), 1.3964 and 1.3990 (50%)
Below 1.3910 contains the upside with supports at 1.3858 and 1.3820-25 guard a return to 1.38.
XAUUSD vs. BTCUSD
I posted this around this time yestereday and you can see how it has so far played out after both paused and retreated following new highs (so far with limited follow through)
Both in uptrends with highs (4697 and 81230) showing potential for a pause (while below 4650 and 80K) but only moves through 4594 and/or 75497 would confirm.
[MARKET UPDATE] Pressure across US equity futures & fixed income benchmarks, which comes alongside strength in the crude complex & USD; action which lacks a fresh driver, but in continuation of post-PCE moves Source: Newsquawk.com
(1 hour charts)
(Right click on any image (or chart) to open a full screen in a new tab)
NAS100 (NASDAQ) 4 HOUR: Waiting for Nvidia
Trend: Longer-term consolidating
Momentum: Short-term down slowed
Trying to build on its higher low (28944) that would need to take out 29450 and then 29600-670 (on this CFD chart) to shift the focus back to 30K.
Otherwise, wait is on for Nvidia earnings after the close and likely to hold a bid while aboive 29K trades.
NAS100 (NASDAQ) 4 HOUR: Waiting for Nvidia
Trend: Longer-term consolidating
Momentum: Short-term down slowed
Trying to build on its higher low (28944) that would need to take out 29450 and then 29600-670 (on this CFD chart) to shift the focus back to 30K.
Otherwise, wait is on for Nvidia earnings after the close and likely to hold a bid while aboive 29K trades.
US bond yields tick up… ripple effects (softer stocks, firmer USD)
July Core PCE in line with consensus… minor disappointment it did not come in softer
US PRE-MARKET MOVERS: INTU, ZM, KSS, ANF, SJM, SEDG, NVDA
ES -0.1% NQ -0.2% RTY -0.1%
Newsquawk Daily US Opening News – 26th August 2026
(Right click on any image (or chart) to open a full screen in a new tab)
GBPUSD 4 HOUR: Too tight to last
Trend: UP
Momentum: Consolidating
Consolidating within 1.3618-56, a range too tight to last but with a lower high making the downside more vulnerable, at least as long as the top end holds.
Fallback support is at 1.3589, which needs to hold to keep thoughts away from 1.3500-20.
XAUUSD (GOLD) 4 HOUR: On the defensive but…
Trend: UP
Momentum: Up slowing
As noted yesterday, there were signs of a potential pause after the spike high to 4697 and the lower high today makes it dependent on 4594 holding to keep the downside in check or risk putting 4500 back on the map.
Otherwise, 4650 will remain pivotal if trade stays within 4600-4700.
To put price action in perspective, 4519 = 23.6% (of 3942 => 4697_
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