EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout 
FxWirePro: GBP/NZD extends decline , vulnerable to more downside 
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95 
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike 
FxWirePro: USD/ZAR sell bias remains below key resistance zone 
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red 
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: USD/CNY bears maintain upper hand 
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates 
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup 
FxWirePro- Woodies pivot (Major) 
FxWirePro: EUR/AUD downward momentum remains in place 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets 
Ichimoku Analysis (4- Hour chart)
Tenken-Sen- $1904.82
Kijun-Sen- $1902.75
Gold pared some of its gains ahead of Powell's speech at the Jackson Hole symposium. It hit a low of $1913.24 at the time of writing and is currently trading around $1913.58.
The number of people who have filed unemployment benefits the week ending Aug 19 to 23000 compared to a forecast of 239000. US durable goods orders fell 5.2% in July vs. -4 expected.
Major economic data for the day
Aug 25th, 2023, German IFO Business Climate (8:00 am GMT)
Jackson Hole Symposium Powell speech (2:05 pm GMT)
US dollar index- Bullish. Minor support around 103/102. The near-term resistance is 105/106.
According to the CME Fed watch tool, the probability of a no-rate hike in Sep decreased to 80.50% from 88% a week ago.
The US 10-year yield showed a minor jump ahead of Powell's speech. The US 10 and 2-year spread widened to -78% from -66%.
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 $1885, a break below targets of $1847/$1820. The yellow metal faces minor resistance around $1920 and a breach above will take it to the next level of $942/$1950/$1970.
It is good to buy on dips around $1905-06 with SL around $1890 for TP of $1950/$1970.
