Asia Day Ahead: Downbeat Handover from Wall Street: Nikkei 225, GBP/USD, Nasdaq 100

Market sentiments continue to reel in from the US credit rating downgrade by Fitch overnight, with overbought technical conditions potentially exacerbating some profit-taking.

from DailyFX – Market News https://bit.ly/3Yzf4Yx
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Crude Oil Crunched as Markets Recoil from Fitch Downgrade. Lower WTI?

Crude oil prices are under the pump today as macro conditions unwind the jolly July rally on US debt woes and although stockpiles have been depleted, WTI vulnerability has been exposed.

from DailyFX – Market News https://bit.ly/3Ylh1Yd
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US Jobs Report Preview: NFP Data to Shape Gold, US Dollar, and S&P 500’s Outlook

The July nonfarm payrolls report will provide valuable information on the health of the U.S. economy and help shape the near-term outlook for gold, the U.S. dollar, and the S&P 500.

from DailyFX – Market News https://bit.ly/3qedPky
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Gold Prices Feel the Squeeze as Yields Rocket Ahead of NFP, Key XAU/USD Levels

Gold prices slide for the second straight day amid U.S. dollar strength and rising Treasury yields following better-than-expected U.S. economic and Fitch’s decision to downgrade U.S. debt.

from DailyFX – Market News https://bit.ly/43U2ELM
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