technical

EUR/USD gained 1% on Friday and touched its highest level since late July near 1.1750. The pair corrects lower to start the new week and trades at around 1.1700.

US interest rates are coming down, but at what pace? The follow-up to Friday’s big event at Jackson Hole kicks off the last week of August. Here is a preview of this week’s big events.

Gold is back in the red below $3,370, reversing the sharp turnaround seen on Friday. Buyers take a breather in the aftermath of intense volatility stoked by US Federal Reserve (Fed) Chair Jerome Powell’s surprise dovish pivot at the Jackson Hole Economic Symposium.

The US Dollar (USD) found fresh legs throughout the first half of the week but lost them on Friday, following Federal Reserve (Fed) Chair Jerome Powell’s speech at the Jackson Hole Symposium. The EUR/USD pair closes the week well above the 1.1700 mark, recovering from a Friday weekly low of 1.1583.

EUR/USD is rebounding near 1.1720 after Powell’s dovish Jackson Hole speech, with bulls targeting 1.1830 and possibly 1.20 if momentum strengthens.

Gold prices climbed toward $3,400 after Powell’s dovish tone fueled rate cut bets, with technicals pointing bullish but risks tied to PCE and Fed policy ahead.