Gold Cracks $4,500: Iran-Fed Double Whammy Sends Bullion into Bearish Freefall Toward $4,000 
Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027 
Gold Tumbles Below $4,400 on NFP Shock: Fed Easing Bets Crater, Sell on Rallies to $4,300 
Morgan Stanley Upgrades Winbond and Nanya to Overweight on Strong Memory Chip Market Outlook 
BCA Research Warns Iran and Ukraine Ceasefires May Offer Limited Relief for Global Markets 
RBI Hits Pause as Geopolitical Storm Clouds Gather 
Global equities has been hit by renewed risk aversion selling as further economic slowdown in China in August spooked investors benefiting safe haven assets.
Key levels to consider in key global equity indices before market opens in New York
- S&P500 - S&P500 is considered as one of the most stubborn index to general risk aversion, however it might face additional selling pressure compared to global peers as FED Vice President Stanley Fischer indicated a rate hike is still possible despite headwinds from China. S&P 500 future is currently trading at 1928. Key support levels stand at 1900 and 1870, while resistances at 1960 and 2000.
- EuroStxx50 - European blue chip index at one hand benefiting from record monetary easing from European Central Bank (ECB), while facing pressure of global selloff at other. EuroStxx50 is currently trading at 3190. Key support levels stand at 3100, 3030 and 2950 while resistances at 3300 and 3360.
- DAX - German benchmark stock index has benefited from ECB's asset purchase program, which will include large share of German assets and strong economic activity faced heavy selloffs, thanks to headwinds from China's economic deterioration and Yuan devaluation. DAX is currently trading at 10000. Key support levels stand at 9850 and 9350 while resistances at 10750 and 11500.
- FTSE 100 - UK's benchmark stock index has wiped out this year's entire gains, thanks to massive selling for the past two weeks, however fundamentally speaking it should benefit in the long run from ECB's asset purchase money sipping into UK and stronger economy, while facing pressure due to Bank of England's (BOE) hawkish stance. FTSE 100 is currently trading at 6090. Key support levels stand at 5950 and 5750 while resistances at 6400 and 6700.
- Nikkei - Nikkei has benefited over the past few years from Bank of Japan's (BOJ) massive asset purchase program, however this year it facing heavy headwind's as its larger Asian Neighbor China slows down considerably. It facing additional headwinds recently from stronger Yen, which is facing heavy safe haven flows due to global risk aversion. Nikkei is currently trading at 17848. Key support levels stand at 17650, 17200 and 16500 while resistances at 19200 and 20070.
