Group 1 - The core viewpoint of the articles indicates a divergence in the Eurozone's economic performance, with services outperforming manufacturing, leading to a mixed economic outlook [1] - The Eurozone's September PMI preliminary value shows a significant split, with services rising to 51.4, surpassing the expected 50.5, while manufacturing fell to 49.5 from 50.7, indicating contraction [1] - Germany's manufacturing PMI dropped to 48.5, below the neutral line, while services rebounded to 52.5, reflecting strong domestic demand [1] - France's economic indicators show weakness, with manufacturing PMI declining to 48.1 and services dropping to 48.9, suggesting greater economic pressure [1] - Overall, the Eurozone economy remains on the edge of moderate expansion, with service sector performance offsetting ongoing manufacturing weakness, alleviating some concerns about a deep recession [1] Group 2 - The Euro to USD exchange rate is stabilizing above the simple moving average (SMA) support at around 1.1730, indicating a mild bullish trend [2] - The 100-day and 200-day simple moving averages are rising steadily below the short-term averages, aligning with limited demand for the USD [2] - Short-term momentum indicators show a neutral overall trend, with the relative strength index (RSI) slightly retreating to around 53 [2] - The Euro to USD is trading above all moving averages, with the 20-period simple moving average providing intraday support at approximately 1.1770 [2]

Core Viewpoint - The British pound has experienced significant volatility, primarily due to concerns over fiscal sustainability and political uncertainty in the UK, leading to a notable decline against the US dollar [1] Group 1: Currency Performance - As of September 4, the GBP/USD exchange rate is at 1.3434, reflecting a slight decrease of 0.04% from the previous close of 1.3440 [1] - The pound fell sharply by 1.15% on September 2, marking the largest single-day decline in nearly two months [1] Group 2: Economic Factors - The UK government's borrowing costs have risen to their highest level since 1998, indicating strong market concerns regarding fiscal stability [1] - Prime Minister Starmer's urgent reshuffle of the senior economic advisory team has raised investor doubts about the continuity and stability of economic policies, further undermining market confidence [1] Group 3: Market Reactions - A widespread sell-off in major global bond markets has led to a significant increase in UK bond yields, intensifying downward pressure on the pound [1] - The daily chart for GBP/USD indicates a double top reversal pattern, with key moving averages suggesting potential for further upward movement, although caution is advised due to the current market conditions [1]

Group 1 - The euro against the US dollar has seen a slight decline, currently trading around 1.16, with a drop of 0.09% from the previous close of 1.1706 [1] - European Central Bank (ECB) Governing Council member Kazaks indicated that the ECB has entered a new phase of monetary policy, shifting focus from active economic intervention to continuous monitoring of economic dynamics [1] - Kazaks noted that the current inflation rate is close to the 2% target, and recent economic data does not show significant deviation from the June quarterly forecast, suggesting no need for further rate cuts at this time [1] Group 2 - From a technical perspective, the euro against the US dollar has shown limited progress, with the weekly chart indicating that buyers are looking for entry points on dips [2] - The 20-period Simple Moving Average (SMA) is currently at 1.1520, providing support for buying, despite losing upward momentum [2] - Momentum indicators have shown a shift but remain in positive territory, while the Relative Strength Index (RSI) hovers around 63, indicating no clear directional guidance [2]

Group 1 - The core viewpoint indicates that persistent inflation in the UK reduces the likelihood of an interest rate cut by the Bank of England within the year, with market expectations for the first 25 basis point cut now pushed to March 2026 [1] - Recent data shows that the overall Consumer Price Index (CPI) in the UK is expected to reach 4% in September, which aligns with previous forecasts and has led to minimal market reaction [1] - The market's shift in expectations regarding interest rate cuts suggests that discussions around potential cuts will likely be more relevant in 2026 rather than 2025, as indicated by the flattening of the SONIA futures curve [1] Group 2 - The Relative Strength Index (RSI) for GBP/USD is currently oscillating between 40.00 and 60.00, indicating a significant contraction in market volatility and a temporary balance between bullish and bearish forces [2] - Key support for GBP/USD is identified at the August 11 low of 1.3400, which is crucial as it coincides with the lower boundary of the current consolidation range; a break below this level could intensify downward pressure [2] - On the upside, the July 1 high near 1.3790 serves as a critical resistance level, and a breakout above this point could open up greater upward potential for the currency pair [2]

Core Viewpoint - The Canadian economy is experiencing persistent core inflation, making it difficult for the Bank of Canada to consider interest rate cuts [1] Inflation Trends - Overall inflation in Canada decreased to 1.7% in July due to the cancellation of the consumer carbon tax and falling energy prices [1] - However, rising prices for food, housing, and durable goods are offsetting this decline, with durable goods price increases potentially reflecting the impact of tariffs [1] - The company anticipates that both overall and core inflation rates (currently above 3%) will gradually rise in the short term as the costs from the US-Canada tariff dispute are passed on to retail prices [1] Monetary Policy Outlook - The Bank of Canada is expected to maintain its policy interest rate at 2.75% during the meeting on September 17 [1] Currency Analysis - The USD/CAD exchange rate is currently at 1.3856, with a slight increase of 0.02% from the opening price of 1.3855 [1] - The currency pair may be forming a "wedge" pattern, with the Relative Strength Index (RSI) below 60 indicating significant selling pressure [1] - Key resistance is noted around the 1.3878 level, while important support is at 1.3758; a break below this support could confirm a continuation of the downtrend, targeting 1.3375 [1]

Core Insights - Gold prices are at a three-week low, hovering near $3300, as the dollar remains strong ahead of the Federal Reserve's meeting minutes [1][2] - Market expectations for aggressive rate cuts by the Federal Reserve have diminished, with a current 85% probability of a rate cut in September, down from 91% a week prior [2] - The upcoming speech by Fed Chairman Jerome Powell at the Jackson Hole Economic Symposium is highly anticipated, as it may provide insights into the Fed's future policy direction [3] Market Dynamics - The dollar's strength is attributed to expectations that Powell will counter aggressive rate cut bets during his speech [2] - Weak U.S. labor and consumer inflation data have led to market predictions of two rate cuts this year, with the first expected in September [2] - Recent strong U.S. housing data has also contributed to the dollar's rise, alongside geopolitical developments regarding Ukraine [2] Technical Analysis - The daily chart indicates a bearish crossover, with the 21-day simple moving average (SMA) closing below the 50-day SMA [4] - The 14-day relative strength index (RSI) is currently at 43.50, suggesting further downside potential for gold prices [4] - Key support levels for gold are at $3311 (100-day SMA) and $3274 (July 31 low), with a psychological level at $3250 [5] Price Targets - Resistance is noted around $3346, where the 21-day SMA and 50-day SMA converge [5] - The next bullish targets are the previous week's high of $3375 and the $3400 psychological level [5]

Group 1 - Home Depot Inc (NYSE:HD) has seen a price increase of 2.83%, trading at $407.22, with a price-target hike to $433 from $417, benefiting from a 10.9% quarterly gain and breaking into the black year to date [1] - The company is set to report second-quarter earnings on Tuesday, Aug. 19, with options traders optimistic about continued positive performance [1] - Historically, Home Depot has a modest post-earnings move average of 1.5% over the last two years, with five out of eight reports resulting in upward movements, including a 2.8% gain in February [2] Group 2 - The options market is currently pricing in a larger than usual post-earnings move of 4.9% for the upcoming earnings report [2] - Calls have been favored by traders, as indicated by a 50-day call/put volume ratio of 2.11, which is above 98% of readings from the past year [3] - The Schaefer's Volatility Index (SVI) for Home Depot is at 23%, indicating relatively low volatility expectations and sitting in the 13th percentile of readings from the past 12 months [3] Group 3 - The stock's 14-Day Relative Strength Index (RSI) is currently at 76, indicating it is in "overbought" territory and at its highest levels of the year [4]

基本面消息，在周四的亚市和欧市盘中，由于美元在周三大涨超1%之后有所回落，推动金价的持续反 弹，再加上周三金价大跌之后，部分投资者选择逢低买入，这也推动了金价走强，并再度重返3300美元 关口。 分析人士指出，当金价跌破3300美元时，交易者将其视为具有价值的投资机会，尤其是在当前经济不确 定性加剧、且特朗普发布新一轮关税威胁（包括对巴西商品重新加征关税等）的背景下。 截至7月31日，全球最大的黄金ETF SPDR Gold Trust持仓量为954.51吨，较前一个交易日减少0.86吨。 在金价走势持续低迷之际，黄金ETF持仓量继续减少。 7月31日，现货黄金冲高回落，盘中一度上冲至3314.87美元/盎司，进入美盘之后持续收窄涨幅，并回 到3300美元/盎司关口下方，收于3288.70美元/盎司，涨13.78美元或0.42%。 这引发了金价的持续回调，因为通胀的升温，可能会进一步打压美联储降息预期。尤其是在周三美联储 货币政策声明释放鸽派信号，但是美联储主席鲍威尔却意外释放鹰派基调的情况下，使得市场对于9月 降息预期有所降温。 技术面来看，21日简单移动平均线(SMA)周三在日收盘时跌破50日移动平均线， ...

Core Viewpoint - The gold price remains stable around $3327 per ounce as the Federal Reserve's interest rate decision approaches, with limited bullish potential for gold [1][2]. Market Expectations - The market widely anticipates that the Federal Reserve will maintain interest rates, with investors closely analyzing the wording of the statement and Chairman Powell's speech for clues on future rate cuts [4][5]. Technical Analysis - Despite a reduction in negative momentum, there is still a risk of further declines in gold prices. The 20-day simple moving average (SMA) acts as a dynamic resistance at $3345 per ounce, while the 100-day SMA provides support at $3250 per ounce [6]. - Key support levels for gold are identified at $3301.90, $3287.30, and $3274.05 per ounce, while resistance levels are at $3345.00, $3361.80, and $3377.15 per ounce [8].

Core Viewpoint - Gold prices are rebounding, driven by concerns over trade tensions and a decline in U.S. Treasury yields, following recent tariff announcements by President Trump [1][2][3][5]. Group 1: Market Dynamics - Gold prices have rebounded from a weekly low of $3283, supported by the weakening U.S. dollar and declining Treasury yields [3][5]. - The U.S. Treasury yields have decreased due to renewed economic growth concerns and strong demand for $39 billion in 10-year bonds [6]. - President Trump announced new tariffs on various goods, including a 20% tariff on products from the Philippines and 50% on copper imports, effective August 1 [6][7]. Group 2: Technical Analysis - Gold prices successfully recovered the key 38.2% Fibonacci retracement level of $3297, despite briefly testing below this level [12]. - The Relative Strength Index (RSI) is currently near 48.50, indicating a lack of bullish confidence [12]. - A sustained breakthrough above the 50-day Simple Moving Average (SMA) resistance at $3323 is necessary for a meaningful rebound towards the 21-day SMA at $3346 [13]. Group 3: Future Outlook - The focus is on Trump's tariff negotiations, upcoming U.S. economic data releases, and speeches from Federal Reserve policymakers for new trading signals for gold prices [9]. - Continued weakness in the dollar and low Treasury yields may provide ongoing support for non-yielding gold prices [9]. - If gold prices are rejected at the 50-day SMA, increased selling pressure could lead to a test of the 38.2% Fibonacci support level at $3297 [14].