In today’s TradeGATEHub Live Trading session, Coach Dale discusses the potential recovery of USDJPY towards the 152 level, using this currency pair to provide insights on the broader movements in the DXY, gold, and risk sentiment in the market. Additionally, he prepares traders for the upcoming events at Jackson Hole, offering strategies and expectations for navigating the potential market volatility associated with major economic announcements. This session is designed to equip traders with the necessary knowledge to make informed decisions during pivotal economic discussions.
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EUR/USD now picks up extra pace and revisits the 1.1170 region after Chief Powell somewhat “confirmed” a rate cut next month at his speech at Jackson Hole.
GBP/USD reaches new 2024 highs around 1.3200, Dollar plummets
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The Greenback is now accelerating its decline and flirts with the area of 2024 low as Chair Powell signals that it is time to adjust monetary policy. GBP/USD picks up extra pace and challenges the 1.3200 region, clinching new 2024 peaks at the same time.
Gold keeps the bid bias unchanged above $2,500
![Gold keeps the bid bias unchanged above $2,500](https://editorial.fxstreet.com/images/Markets/Commodities/Metals/Gold/stacks-of-gold-bars-19033163_XtraSmall.jpg)
The precious metal maintains its bullish stance in place on Friday, climbing above the $2,500 mark per ounce troy as Fed’s Powell signals an imminent rate cut.
Decentraland price is set for a rally after breaking above the descending trendline
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Decentraland (MANA) price broke above the descending trendline and trades up 1.5% as of Friday at $0.291. Additionally, on-chain data support further price gains, as MANA's Exchange Flow Balance shows a negative spike, and the long-to-short ratio stays above one.
Jerome Powell expected to hint at upcoming interest-rate cut in September
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