EUR/USD
1.16001
-0.047%
Gold
3330.06
-0.257%
Oil
63.239
-0.235%
USD/JPY
148.646
0.181%
GBP/USD
1.34152
0.018%
GBP/JPY
199.395
0.206%
Real-time News
A Reuters poll showed 21 economists expect the Hungarian central bank to keep its benchmark interest rate unchanged at 6.5% next week, with the median forecast showing Hungary will cut interest rates by 25 basis points by the end of 2025.On August 22, ING analyst Chris Turner wrote in a report that the euro declined as the dollar strengthened and hopes for a near-term resolution to the Ukraine-Russia conflict faded. He noted that stronger-than-expected US purchasing managers index data released on Thursday led the market to lower its bets on a September Federal Reserve rate cut, boosting the dollar. Meanwhile, Trumps efforts to end the Russia-Ukraine conflict have failed to make progress. Turner suggested that if Fed Chairman Powells speech at Jackson Hole further reduces the probability of a September rate cut, the euro could continue its decline, falling towards 1.1500.The PainMap gold maximum pain price chart shows that with only a few days until the expiration of the September gold options (corresponding to the October gold futures) contracts, the maximum pain price is exerting a stronger influence on the market. Most investors prefer a settlement around 3338-3340 (corresponding to a spot price of 3313-3315), which can be considered a "more comfortable level." The current price is at 3354.8, approximately $16 above this central point, and the right side is steeper, indicating strong buying and increasing upward pressure. Typically, near settlement, the market is reluctant to stray too far from this central point, tending to fluctuate back and forth before gradually approaching it. Therefore, in the short term, the price is more likely to encounter resistance in the 3350-3360 area (corresponding to the spot price of 3325-3335), followed by a pullback to the "power concentration zone" of 3335-3345 (corresponding to the spot price of 3310-3320). Unless new news emerges and the maximum pain price is significantly pushed up to 3342-3345, the price will have a better chance of continuing to rise. (This interpretation is only a preliminary analysis of the new tool data and does not constitute investment advice. For more real-time options data, please subscribe to the "Painmap Gold Maximum Pain Point Chart" mini-program.)Market news: After reaching a trade agreement between Europe and the United States, European Central Bank officials will stick to the stable interest rate plan.German government spokesman: German Chancellor Merz will meet with Canadian Prime Minister Carney in Berlin on Tuesday.
