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SYMBOL
LAST
BID
ASK
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SOURCE
SPX
S&P 500 Index
7785.75
7785.75
7785.75
7810.01
7776.31
-13.23
-0.17%
--
--
DJI
Dow Jones Industrial Average
53732.41
53732.41
53732.41
53890.84
53673.47
-107.58
-0.20%
--
--
IXIC
NASDAQ Composite Index
26729.15
26729.15
26729.15
26862.17
26661.95
-73.86
-0.28%
--
--
USDX
US Dollar Index
99.290
99.290
99.370
99.530
99.150
-0.200
-0.20%
--
--
EURUSD
Euro / US Dollar
1.15971
1.15971
1.15979
1.16138
1.15609
+0.00284
+ 0.25%
--
--
GBPUSD
Pound Sterling / US Dollar
1.35632
1.35632
1.35642
1.35707
1.35272
+0.00334
+ 0.25%
--
--
XAUUSD
Gold / US Dollar
4387.15
4387.15
4387.56
4416.21
4367.14
+10.49
+ 0.24%
--
--
WTI
Light Sweet Crude Oil
81.950
81.950
81.980
82.370
80.798
+0.460
+ 0.56%
--
--

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TIME
ACT
FCST
PREV
IMPACT
U.S. Core Retail Sales (Jul)

A:--

F: --

P: --

USDX
  • USDX
  • XAUUSD
  • XAGUSD
  • WTI
U.S. Core Retail Sales MoM (Jul)

A:--

F: --

P: --

USDX
  • USDX
  • XAUUSD
  • XAGUSD
  • WTI
U.S. Retail Sales MoM (Jul)

A:--

F: --

P: --

USDX
  • USDX
  • XAUUSD
  • XAGUSD
  • WTI
U.S. Retail Sales (Jul)

A:--

F: --

P: --

USDX
  • USDX
  • XAUUSD
  • XAGUSD
  • WTI
U.S. Retail Sales YoY (Jul)

A:--

F: --

P: --

USDX
  • USDX
  • XAUUSD
  • XAGUSD
  • WTI
U.S. UMich Consumer Expectations Index Prelim (Aug)

A:--

F: --

P: --

USDX
  • USDX
  • XAUUSD
  • XAGUSD
  • WTI
U.S. UMich Current Economic Conditions Index Prelim (Aug)

A:--

F: --

P: --

USDX
  • USDX
  • XAUUSD
  • XAGUSD
  • WTI
U.S. UMich Consumer Sentiment Index Prelim (Aug)

A:--

F: --

P: --

USDX
  • USDX
  • XAUUSD
  • XAGUSD
  • WTI
U.S. Commercial Inventory MoM (Jun)

A:--

F: --

P: --
USDX
  • USDX
  • XAUUSD
  • XAGUSD
  • WTI
U.S. UMich 1-Year-Ahead Inflation Expectations Prelim (Aug)

A:--

F: --

P: --

XAUUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
U.S. 5-10 Year-Ahead Inflation Expectations (Aug)

A:--

F: --

P: --

XAUUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
U.S. Weekly Total Rig Count

A:--

F: --

P: --

WTI
  • WTI
  • XAUUSD
  • XAGUSD
  • USDX
U.S. Weekly Total Oil Rig Count

A:--

F: --

P: --

WTI
  • WTI
  • XAUUSD
  • XAGUSD
  • USDX
U.K. Rightmove House Price Index YoY (Aug)

A:--

F: --

P: --

GBPUSD
  • GBPUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
Japan Nominal GDP Prelim QoQ (Q2)

A:--

F: --

P: --

USDJPY
  • USDJPY
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
Japan Real GDP QoQ (Q2)

A:--

F: --

P: --

USDJPY
  • USDJPY
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
Japan Industrial Output Final YoY (Jun)

A:--

F: --

P: --

USDJPY
  • USDJPY
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
Japan Industrial Output Final MoM (Jun)

A:--

F: --

P: --

USDJPY
  • USDJPY
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
China, Mainland Industrial Output YoY (YTD) (Jul)

A:--

F: --

P: --

XAUUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
China, Mainland Urban Area Unemployment Rate (Jul)

A:--

F: --

P: --

XAUUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
Canada National Economic Confidence Index

A:--

F: --

P: --

USDCAD
  • USDCAD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
Canada Trimmed CPI YoY (SA) (Jul)

A:--

F: --

P: --

WTI
  • WTI
  • XAUUSD
  • XAGUSD
  • USDX
Canada Core CPI MoM (Jul)

A:--

F: --

P: --

WTI
  • WTI
  • XAUUSD
  • XAGUSD
  • USDX
Canada CPI YoY (Jul)

A:--

F: --

P: --

WTI
  • WTI
  • XAUUSD
  • XAGUSD
  • USDX
Canada CPI MoM (Jul)

A:--

F: --

P: --

WTI
  • WTI
  • XAUUSD
  • XAGUSD
  • USDX
U.S. NY Fed Manufacturing Index (Aug)

A:--

F: --

P: --

USDX
  • USDX
  • XAUUSD
  • XAGUSD
  • WTI
Canada Core CPI YoY (Jul)

A:--

F: --

P: --

WTI
  • WTI
  • XAUUSD
  • XAGUSD
  • USDX
U.S. NY Fed Manufacturing Prices Received Index (Aug)

A:--

F: --

P: --

USDX
  • USDX
  • XAUUSD
  • XAGUSD
  • WTI
U.S. NY Fed Manufacturing New Orders Index (Aug)

A:--

F: --

P: --

USDX
  • USDX
  • XAUUSD
  • XAGUSD
  • WTI
U.S. NY Fed Manufacturing Employment Index (Aug)

A:--

F: --

P: --

USDX
  • USDX
  • XAUUSD
  • XAGUSD
  • WTI
U.S. NAHB Housing Market Index (Aug)

--

F: --

P: --

U.K. Unemployment Claimant Count (Jul)

--

F: --

P: --

U.K. Unemployment Rate (Jul)

--

F: --

P: --

U.K. 3-Month ILO Unemployment Rate (Jun)

--

F: --

P: --

U.K. Average Weekly Earnings (3-Month Average, Including Bonuses) YoY (Jun)

--

F: --

P: --

U.K. Average Weekly Earnings (3-Month Average, Excluding Bonuses) YoY (Jun)

--

F: --

P: --

U.K. 3-Month ILO Employment Change (Jun)

--

F: --

P: --

Euro Zone ZEW Current Conditions Index (Aug)

--

F: --

P: --

Euro Zone ZEW Economic Sentiment Index (Aug)

--

F: --

P: --

Germany ZEW Current Conditions Index (Aug)

--

F: --

P: --

Germany ZEW Economic Sentiment Index (Aug)

--

F: --

P: --

Canada Existing Home Sales MoM (Jul)

--

F: --

P: --

Canada New Housing Starts (Jul)

--

F: --

P: --

U.S. Total Building Permits (SA) (Jul)

--

F: --

P: --

U.S. New Housing Starts Annualized MoM (SA) (Jul)

--

F: --

P: --

U.S. Export Price Index MoM (Jul)

--

F: --

P: --

U.S. Export Price Index YoY (Jul)

--

F: --

P: --

U.S. Import Price Index MoM (Jul)

--

F: --

P: --

U.S. Import Price Index YoY (Jul)

--

F: --

P: --

U.S. Building Permits MoM (SA) (Jul)

--

F: --

P: --

U.S. Annual New Housing Starts (SA) (Jul)

--

F: --

P: --

U.S. Weekly Redbook Index YoY

--

F: --

P: --

U.S. Manufacturing Capacity Utilization (Jul)

--

F: --

P: --

U.S. Manufacturing Output MoM (SA) (Jul)

--

F: --

P: --

U.S. Capacity Utilization MoM (SA) (Jul)

--

F: --

P: --

U.S. Industrial Output MoM (SA) (Jul)

--

F: --

P: --

U.S. Industrial Output YoY (Jul)

--

F: --

P: --

U.S. Pending Home Sales Index YoY (Jul)

--

F: --

P: --

U.S. Pending Home Sales Index (Jul)

--

F: --

P: --

U.S. Pending Home Sales Index MoM (SA) (Jul)

--

F: --

P: --

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          The price broke through resistance and surged, indicating a continued bullish trend in the short term.

          Winkelmann

          Forex

          Summary:

          The weakening of the US dollar in the short term is supporting the strengthening of the British pound.

          BUY GBPUSD
          EXP
          TRADING

          1.35613

          Entry Price

          1.36400

          TP

          1.34900

          SL

          1.35632 +0.00334 +0.25%

          0.0

          Pips

          Flat

          1.34900

          SL

          Exit Price

          1.35613

          Entry Price

          1.36400

          TP

          Fundamentals

          Recently, the previously announced unexpected growth in UK GDP failed to effectively boost the pound in the short term; instead, it was largely influenced by the US dollar index. Due to the unexpectedly weak US non-farm payroll data for July, coupled with CPI and PPI data indicating slowing inflation, and the latest unexpected 0.6% decline in US retail sales in July—far below the expected 0.1% growth—further confirming the slowdown in US economic growth, market expectations for a Fed rate hike in September have significantly decreased. This has led to a continued decline in the US dollar index, providing favorable external market support for non-US currencies, which is expected to remain so in the short term.

          Technical aspects

          Breakout and upward movement, short-term outlook remains bullish_1
          Looking at the 4-hour chart, GBPUSD broke through the key resistance area around 1.35, and the upward trend is expected to continue, with the upside target pointing to the previous high around 1.365.
          In terms of trading strategy, you can try going long near 1.355, with a target near 1.365 and a stop loss below 1.350.

          Trading advice

          Trading direction: Long
          Entry price: 1.355
          Target price: 1.364
          Stop-loss level: 1.349
          Downside support levels: 1.350/1.353
          Upward resistance levels: 1.365/1.360
           
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          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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