Crude oil prices are slightly softer to start the week with the market looking for a rate cut from the PBOC today to boost China’s economic prospects. Will WTI steady on a better outlook?

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Surging Treasury yields pushed down gold prices as the US Dollar outperformed and equity markets wobbled. Ahead, all eyes are on the Fed’s Jackson Hole Symposium as markets continue watching economic developments out of China.

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Gold prices looks to a big data week that includes the Jackson Hole Economic Symposium as XAU/USD bulls look to find some respite.

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Sterling remains above 1.2700 despite ongoing US dollar strength, while EUR/GBP nears multi-week support. A central bank bonanza lies ahead next week at the Jackson Hole Symposium.

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The euro has slumped further ahead of a massive data week next week. EUR/USD now eyes channel support around the 1.0834 handle.

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