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NASDAQ at Record Highs after US CPI report, but can it last?In today’s video, we break down the major market moves triggered by the July US CPI report. Headline CPI rose 0.2% month-over-month—right in line with expectations and a slowdown from the previous month. Year-over-year, headline inflation came in at 2.7%, just under the 2.8% forecast, while Core CPI rose 0.3% MoM (matching forecasts) but was a bit hotter at 3.1% YoY (vs. 3.0% expected). These “not as bad as feared” inflation numbers kept hopes alive for a September Fed rate cut, pushing the odds of a cut to 96%. Markets responded strongly: the NASDAQ 100 closed at a record high, just shy of the 24K handle, with broad gains in tech and communication stocks, as traders bet on a more dovish Fed. We also cover the technical setup for the NASDAQ 100 and key risk factors heading into the second part of August. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:NAS100Long
by ThinkMarkets
FTSE100 surges to records despite CPI surprise but can it last?The FTSE 100 has surged to a new all-time high, defying expectations after UK inflation surprised to the upside at 3.8%. This resilience can be attributed to renewed global interest in undervalued UK stocks, particularly defensives, as investors anticipate a potential end to the BOE’s easing cycle in 2025 due to persistent price pressures. The market remains sensitive to global cues, with attention turning to the upcoming Jackson Hole symposium. A more hawkish tone from the Federal Reserve could reinforce risk aversion and further boost the FTSE’s appeal as a relative safe haven, while a dovish Fed may see flows return to US equities, posing a conditional risk to the FTSE’s rally. From a technical standpoint, the FTSE 100’s recent breakout places immediate focus on the 9,367–9,400 resistance zone, which marks the upper boundary of the latest upward channel. A sustained daily close above 9,400 could open the door to further upside, targeting the psychological 9,500 level next. On the downside, initial support is seen at 9,200, with a break below there potentially exposing the 9,050–9,000 area for a deeper pullback. Traders should watch for confirmation of direction at these levels, as volatility may increase around key macro events. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:UK100Short
by ThinkMarkets
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Gold, Silver soar on rate cut hopes & Trump tariff rullingGold and silver are making headlines as both metals surge amid a mix of macroeconomic and technical factors. Gold is trading just below its all-time record, having recently touched $3,495 per ounce, while silver has soared to a 14-year high of above $40.50. The main catalyst behind this rally is growing confidence that the Federal Reserve will cut interest rates soon, following dovish signals from Fed officials and signs of a softening US job market. With markets now pricing in a 90% chance of a rate cut, the US dollar has weakened, making non-yielding assets, such as gold and silver, more attractive. The recent US court ruling that deemed most of President Trump’s tariffs illegal has added further pressure on the dollar, while thin trading conditions due to a US bank holiday have amplified price moves. Bullish signals for gold and silver are strong. Both metals are also benefiting from tight supply conditions and ongoing geopolitical uncertainty, which are driving investors toward safe-haven assets. Gold is consolidating just below record highs, and technical analysis points to a potential breakout from a bullish symmetrical triangle pattern. If confirmed, this could propel gold toward new highs, with targets in the $3,550–$3,820 range. Silver’s rally is supported by a classic pennant formation, with technical projections suggesting a move toward $42 is possible in the short term. However, there are bearish risks to consider. If upcoming US employment data surprises to the upside or inflation remains stubbornly high, the Fed could delay or scale back rate cuts, which would strengthen the dollar and potentially cap further gains in gold and silver. Additionally, both metals are trading near major resistance levels, and a failure to break out convincingly could trigger profit-taking or a technical pullback. For gold, support sits around $3,440, with the 50-day moving average at $3,350 providing a key floor. For silver, a drop below $39.55 could signal a short-term reversal. While the setup favours further upside, especially if the Fed delivers on market expectations, traders should stay alert to key data releases and resistance levels that could shift the narrative in either direction. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:XAGUSD
by ThinkMarkets
GOLD THE US10U AND DXY on weekly support and the correction from friday core PCE sent gold buyers to the moon ,but an immediate supply roof at 3452-3453 presents a sell structure as aretest to a broken demand floor .if the selling continues ,then am looking to by the dips at 3416-3418-3425 .this level i will be holding buy on high probabilty. pls manage your risk trading is 100% probability and dont forget to watch the US10Y AND DXY BEFORE MAKING BUY SELL DESCISION. GOODLUCK SEE YOU AT THE TOP. BYE.
VANTAGE:XAUUSDLong
by Shavyfxhub
Gold Futures | New Month Setup – ATH on Deck?Price has been bullish all week with no significant pullbacks. Now as we step into a new month, Gold is pressing toward the previous All Time High (green line). Key Notes: Market left behind a bullish H4 FVG that could serve as a retracement zone. With Labor Day Monday (early close for NY), setups may be quieter until Tuesday. My bias: looking for a possible pullback into the FVG before continuation higher into fresh ATHs. Watching closely for price action around the previous ATH to confirm breakout or rejection.
COMEX_MINI:MGC1!Long
by DWoodz
1