WTI: Intraday sell idea [Video]

EUR/USD stages a correction after touching a new 2024-high of 1.1050 but holds comfortably above 1.1000. The cautious market mood limits the US Dollar's losses for the time being and makes it difficult for the pair to push higher.

GBP/USD struggles to preserve its bullish momentum after setting a monthly high and consolidates daily gains at around 1.2950. In the absence of high-tier data releases, the mixed action seen in Wall Street's main indexes caps the pair's upside.

Gold retreats from the all-time-high it touched at $2,510 on Friday and trades below $2,490 in the American session. The benchmark 10-year US Treasury bond yield holds steady near 3.9% on Monday, not allowing XAU/USD to gain traction.

Vitalik Buterin, co-creator of Ethereum, the largest altcoin in the crypto ecosystem, moved ETH to a crypto mixer, early on Monday. The mixer is known to effectively prevent malicious actors and protect user privacy. 

Attention shifts to the Fed’s Jackson Hole symposium with a keynote speech by Fed Chair Powell on the economic outlook on Friday. In line with guidance at the July meeting, we think he’ll confirm the likelihood of a September policy rate cut. 

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