Using my platform as a Heatmap shows….
… the dollar starting the week on a cautious note as markets look ahead to Tuesday’s release of U.S. CPI
EURUSD yet to shake its ficus on 1.1650
USDJPY has so far broken a 5 day pivot around 147 but remains below 148 in quiet trading with Japan closed for a holiday
GBPUSD is holding its bid following last week’s BOE split vote decision but remains below 1.35
Gold is sharply lower after failing to gain a footing above 3400
Cryptos in focus with Bitcoin sharp move up above 120,000 puts the record 123,202 high on the radar.
US stocks ate steady
US bond yields have slipped after firming to end last week
THIS WEEK’S MARKET-MOVING EVENTS (all days local)
The upcoming week in global economics will be dominated by U.S. inflation and consumer spending data, both of which will heavily influence the Federal Reserve’s September policy decision. Tuesday’s July CPI report is expected to show a 0.2% monthly rise in headline inflation and 0.3% in the core rate, bringing the annual figures to 2.8% and 3.0%, respectively. Analysts see evidence that tariffs are increasingly pushing up goods prices, particularly in autos and core goods excluding autos, even as services and housing apply some downward pressure. Friday’s retail sales report is forecast to show a solid 0.5% monthly gain, fueled by strong auto sales, Amazon’s extended Prime Day, and state tax holidays. However, economists caution that the spending bump may not last as job growth slows and prices climb.
In Europe, the key release will be Thursday’s final Q2 GDP reading, expected to confirm modest 0.1% quarterly growth and a 1.4% annual increase. While French growth benefited from inventory accumulation, trade frictions remain a central concern—especially for Switzerland, which now faces a steep 39% U.S. tariff after failing to secure a deal. Inflation remains tame in major EU economies, and industrial production for June is expected to show a 0.5% monthly drop. Meanwhile, the ZEW sentiment survey for Germany is likely to retreat slightly from July’s highs, reflecting uncertainty over trade and growth.
In the Asia-Pacific region, the Reserve Bank of Australia is widely expected to cut rates by 25 basis points to 3.60% on Tuesday as inflation cools and labor market softness persists. China’s July data—covering industrial production, retail sales, and fixed asset investment—will offer fresh insight into the impact of U.S. tariffs on manufacturing and consumption. Japan’s Q2 GDP is forecast to show barely positive growth of 0.1% on the quarter, with both external and domestic demand providing only a slight lift. Across all regions, the common thread is the drag from ongoing trade tensions, shaping central bank policy paths and near-term economic momentum.
Econoday
One reason for Gold dipping
Clarification on U.S. Gold Import Tariffs
Last week, gold futures surged after news broke that U.S. Customs might impose tariffs on certain gold bars, causing disruption in trade. However, recent reports say the administration intends to clarify the ruling, suggesting some bars may be exempt. This removes a spike in demand caused by tariff fears.
Another reason
Easing Geopolitical Tensions
Gold’s appeal as a “safe-haven” asset is fading as geopolitical risks cool down. A key driver is the upcoming meeting between U.S. President Trump and Russian President Putin in Alaska on August 15, aimed at negotiating an end to the Ukraine conflict. This has dampened investor demand for gold.
And is there a correlation between Bitcoin up snd Gold down?
BTCUSD (BITCOIN)
Trying to make a run at 120,000 where pivotal levels and momentum seem to have a greater influence than specific levels which are easily broken given BTCUSD volatility.
With that said, resistance at 119,814 and 120 943 block exposing the 123,202 record high.
On the downside, keeps a bid while above 116,000-118.000 focused on 120,000+
BTCUSD DAILY CHART

EURUSD 4h
And this is how it should look like on our page Trading Tips daily ( and intraday of course ) very soon…
EUR in a position to break lower
Two important levels:
Resistance at 1.16550 / 600
Support at 1.16300
If above 1.16600 targets at least 1.17000
If below 1.16300 targets 1.16100 & 1.15950 further on
Daily view: As long as above 1.16100 will target 1.17250

Apple Inc.- AAPL
Apple is probably the most interesting stock to watch on Monday.
It is very Bullish on both – Daily & Weekly chart
If it runs through 232.00 on Monday, sky is the limit.
Of course there are bunch of nasty barriers later on ( like 237.50 & 250.00) but the way it started Up tells a lot…
Possible target at 275.00

NEW YORK – A fresh look at inflation trends will test the U.S. stock market’s rally in the coming week, with some investors saying equities are primed for a potential pullback after rocketing to records….
…Strategists at firms including Deutsche Bank and Morgan Stanley have recently said the market could be poised for some level of pullback after a largely unabated climb over the past four months, which has pushed valuations to historically expensive levels as a seasonally treacherous period for stocks begins… (Reuters)
I am at least bilingual.
Sarcasm is one of my 2nd langauges
Yours too ?
see link:
“Every F**kin’ Day Bro” – A Glimpse Into The Life Of A Hedge Fund Manager Under Trump 2.0
Linked by Tyler of ZH fame
“Ukrainians will not give their land to the occupier,” Mr. Zelensky said in a video address from his office in Kyiv, several hours after Mr. Trump’s remarks.
“Any decisions made against us, any decisions made without Ukraine, are at the same time decisions against peace,” Mr. Zelensky said. “They will bring nothing. These are dead decisions; they will never work.” (NYT)
Stocks rose on Friday, led by the tech sector, as the major averages ended the week with solid gains.
The Nasdaq Composite jumped 0.98% for a record close of 21,450.02. The tech-heavy index hit a fresh all-time intraday high earlier in the day. The S&P 500 added 0.78% and ended at 6,389.45, a hair’s breadth shy of a record close. The Dow Jones Industrial Average climbed 206.97 points, or 0.47%, closing at 44,175.61. CNBC
© 2024 Global View
