Bear flag pattern in creation on the hourly time-frame and potential for the further drop.
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EUR/USD holds gains above 1.1100 as USD weakens ahead of Powell
EUR/USD is consolidating weekly gains above 1.1100 in European trading on Friday. The pair draws support from the renewed US Dollar selling but the upside could be capped by the dovish ECB-speak. The focus now remains on Fed Chair Powell's speech in Jackson Hole.
GBP/USD stays firm above 1.3100, Fed/ BoE speakers eyed
GBP/USD is trading with mild gains above 1.3100 in the European session on Friday. Dovish Fed expectations continue to sag the US Dollar, as traders shift their focus to the speeches by Fed Chair Powell and BoE Governor Bailey at the Jackson Hole Symposium.
Gold bounces off support ahead of Powell’s Jackson Hole speech
Gold finds support from former range highs and bounces ahead of speech from Fed Chairman Jerome Powell. The speech could solar the outlook for Fed policy on interest rates, a key driver for Gold.
Decentraland price is set for a rally after breaking above the descending trendline
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
Market participants will closely scrutinize Powell’s speech for any fresh hints on the trajectory of monetary policy, particularly about the magnitude of the Fed’s first interest-rate cut in years.
Moneta Markets review 2024: All you need to know
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