technical

The NASDAQ 100 is consolidating near trendline support at 23,250, with upside potential toward 24,000 while 22,500 remains critical downside risk.

The British pound is rallying against the yen, testing the 200 level as support from the 50-Day EMA keeps the bullish trend intact ahead of Powell’s speech.

The British pound dropped against the US dollar, with bearish pressure targeting 1.3250 while resistance at 1.36 caps upside ahead of Powell’s Jackson Hole speech.

USD/CAD rallied above the 200-Day EMA, with buy-the-dip sentiment aiming for 1.40 while Powell’s Jackson Hole speech could spark volatility.

USD/CHF is testing the 0.81 area with bullish potential toward 0.82, while Powell’s Jackson Hole speech looms as the key catalyst for volatility.

Gold is looking to extend the previous decline early Friday after Thursday’s late rebound lost traction. All eyes now turn to US Federal Reserve (Fed) Chair Jerome Powell’s speech at the Jackson Hole Economic Symposium.