FxAnalysis

Forex markets continue to be very quiet, and this pair is no exception, but it may burst into life later

Stronger than expected US Advance GDP data sent some equity indices briefly higher, but it was a quite and indecisive week in most markets, as we still await the start of September and the return of normal liquidty.

The GBP/USD went into this weekend near the 1.35047 mark, which is below where the currency pair found itself the prior weekend, and tomorrow’s price action will see lighter volume due to the U.S holiday weekend.

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.