After three sessions of correction in US equities, the Dow Jones is attempting a comeback.
The move comes in the shadow of what had been a heavily risk-on pre-FOMC environment, where expectations for rate cuts kept fueling a wave of optimism across markets.
Despite the best efforts of today’s US GDP report, which upgraded Q2 growth estimates by some margin, US equities trade lower in today’s session and look to set to continue a three-day losing streak.
This is a follow-up analysis and a timely update of our prior publication, “Gold (XAU/USD) Technical: Eyeing a new all-time high above US$3,675, supported by positive flows and positioning”, published on 15 September 2025.
The Australian dollar is coming off its best week since July, with gains of close to 1%. In Monday's European session, AUD/USD is trading at 0.6589, down 0.07% on the day.
The week starts on a grim note for cryptocurrencies when looking at the daily performance of most major altcoins.
The currency market had been dormant for a while, but this is now a theme of the past yet again.
Throughout August, a first move higher from the Pound got met with a subsequent consolidation until the beginning of this month .
This week has been rough for risk assets, particularly tech. The Nasdaq has entered a correction phase, and the one for Cryptocurrencies is even steeper.
Markets have been awaiting further news from Jerome Powell concerning any type of rate cuts, as seen in the signs of hesitancy in Equities and Crypto. He is about to speak in a few minutes at the Jackson Hole Symposium.
After touching $4,000, a cascade of Saturday buying took the second largest crypto to $4,350 highs.
Ether is now consolidating around the $4,200 key handle – A consolidation at its highs is a more bullish sign, however for the Crypto Market to run higher, Participants will now look at the leading Crypto.
