Group 1 - The core viewpoint of the article highlights the volatility in the dollar and silver markets driven by the Federal Reserve's cautious interest rate adjustments and the U.S. government's fiscal expansion under the new "Great Beautiful Act" [2][6] - The current price of spot silver is reported at $78.32 per ounce, with a trading range today between a high of $79.34 and a low of $75.84 [4][5] - The Federal Reserve plans to set the benchmark interest rate at 3.4% by the end of 2026, while the market anticipates a reduction to 3.0%, creating a significant divergence that could lead to volatility in the dollar [6][3] Group 2 - The analysis indicates that the U.S. economy will be a key observation point in 2026, with expectations of leading global growth, contrasting with stagnation in the European economy, which may lead to aggressive rate cuts by the European Central Bank [6][2] - The upward trend in silver prices is supported by technical indicators, including the 100-hour simple moving average (SMA) and a positive MACD, suggesting bullish momentum [7][3] - Key resistance levels for silver are identified at $78.06, $79.00, and $80.00, while support levels are noted at $75.00 and $74.55 [7][3]

Core Viewpoint - The GBP/USD is facing downward pressure, hovering around the 1.3470 area, amid a mild recovery in dollar buying interest, with the July PCE inflation data aligning with market expectations, opening the door for a potential Fed rate cut in September [1][5]. Technical Analysis - The Relative Strength Index (RSI) on the 4-hour chart is slightly below 50, indicating a weakening bullish momentum as GBP/USD falls below the 100-period Simple Moving Average (SMA), currently at 1.3490 [3]. - Key support levels are identified at 1.3460-1.3440 (50% Fibonacci retracement, 100-day and 200-day moving averages) and 1.3400-1.3390 (38.2% Fibonacci retracement) [3]. - Resistance levels are seen at 1.3490-1.3500 (100-day moving average, static level), 1.3540 (61.8% Fibonacci retracement), and 1.3600 (static level, round number) [3]. Economic Overview - The U.S. Bureau of Economic Analysis (BEA) revised the Q2 GDP annualized growth rate to 3.3%, lower than the initial estimate of 3% and market expectations of 3.1% [5]. - Initial jobless claims decreased from 234,000 to 229,000, slightly better than the market expectation of 230,000 [5]. - The upcoming PCE price index data for July is anticipated to show an overall annual inflation rate stabilizing at 2.6%, with core PCE expected to rise by 0.3% month-over-month [5].