USDCAD 4 HOUR: Opening week gap
Trend: Down
Momentum: Stalled by opening week gap higher
Opening week gap (vs.1 3768 close) so far holding 1.3813 resistance.
Big void above it so use 1.38 as the pivotal level that would need to become support to signal higher
Low at 1.3732 paused 2 pips above our (cited) 1.3730 support

A risk filled week ahead from more than economic events
Newsquawk Week Ahead in Focus 24-28th August 2026
Highlights include NVDA earnings, US PCE, BLS revisions, Bessent on Iran, and Jackson Hole

US MARKET WRAP: Stocks and yields gain ahead of key risk week
SNAPSHOT: Equities up, Treasuries down, Crude up, Dollar flat, Gold up

(Right click on any image (or chart) to open a full screen in a new tab)
USDFCHF DAILY: Negative interest rate risk?
SNB’s Tschudin said the bank would cut its policy rate below 0% if warranted by inflation
Source: Try Newsquawk free for 7 days

XAUUSD 4 HOUIR: 4500 or 4800?
Trend UP Momentum: UP
With XAUUSD slicing through key resistance, here is another way to look at what may come next.
Next target: 4650. If broken and then becomes support, then 4800 is targeted.
If below 4650, then upside slows in a range bounded by 4500. High today: 4632

Market Update: Summer Friday trading
What caught my eye is EURUSD testing both sides of its range, running into sellers on top and buyers at the bottom rather than typical stops.
With US yields moving up, downside should be more at risk but only if there are stops to run.
If not, then it will be a dull end to a summer Friday.
Same for US stocks while above earlier lows.

This headline seems to be giving risk a modest boost even though it is not clear who is running the show in Iran.

© 2024 Global View
