FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: USD/CAD bulls continue to hold the higher ground 
FxWirePro- Woodies pivot (Major) 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
Global Bond Selloff Pressures Stocks as Rising Oil Prices Fuel Inflation Fears 
Spying, Southampton and economic pressure cooker of the ‘richest match in football’ 
FxWirePro- Major Crypto levels and bias summary 
Morgan Stanley Names Top AI Security and Data Center Stocks for 2026 
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike 
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal 
Macquarie Names Five Taiwan AI Stocks Set to Benefit From Data Center Growth in 2026 
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases 
Detroit’s high property taxes are driving a housing affordability crisis – how can city leaders bring down costs? 
Ichimoku Analysis (4- Hour chart)
Tenken-Sen- $1939.16
Kijun-Sen- $1940.35
Gold pared some of its gains after a hawkish Fed official speech. It hits a low of $1931.55 yesterday and is currently trading around $1932.91.
Fed governor Michelle Bowman stated that "I also expect that additional rate increases will likely be needed to get inflation on a path down to the FOMC's 2 percent target."
Major economic data for the day
Aug 8th, 2023, FOMC member Harker speech (12:15 pm GMT)
US dollar index- Bullish. Minor support around 102/101. The near-term resistance is 103/104.
According to the CME Fed watch tool, the probability of a no-rate hike in Sep increased to 86.50% from 81% a week ago.
The US 10-year yield pared some of its gains despite hawkish fed officials. The US 10 and 2-year spread narrowed to -71 from -110%.
Factors to watch for gold price action-
Global stock market- bullish (negative for gold)
US dollar index - Bullish (bearish for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $1920, a break below targets of $1900/$1885. The yellow metal faces minor resistance around $1950 and a breach above will take it to the next level of $1955/$1970/$1985.
It is good to sell on rallies around $1950 with SL around $1960 for TP of $1900.
