Fundamental

Bitcoin breaks $110K, gold eyes $3800. DAX, USD/JPY, and major FX pairs show caution as volatility looms into early September.

WTI Crude Oil went into the Labor Day weekend near the 63.555 price, almost matching where the commodity finished the previous week of trading.

The US Dollar clawed back some ground this week after three straight weekly losses. Still, it’s stuck near the bottom of its yearly range, with the Dollar Index (DXY) holding below 98. On a monthly view, the pullback remains steep, only briefly interrupted by July’s rebound.

The US Dollar (USD) has shown signs of recovery on the weekly chart, reversing a series of three consecutive pullbacks as investors prepare for an important period leading up to the pivotal Federal Reserve meeting scheduled for September 17.

The US Dollar (USD) kick-started the week trimming Federal Reserve (Fed) Chair Jerome Powell’s inspired losses amid fading optimism, due to fresh concerns about the Fed independence and fresh tariff-related noise.

The Pound Sterling (GBP) regained ground against the US Dollar (USD), albeit within the August 22 trading range. The GBP/USD pair gradually crawled back above the 1.3500 barrier on the renewed upside.