Ukraine's president Zelenskyy arrives at the White House with peace at stake. Ahead of the meeting, European leaders arrived for a luncheon in support of the Ukraine Pres.Trump greeted Zelenskyy. They will enter into the oval office for meetings with staff. It is unsure if the press will be in that meeting. This article was written by Greg Michalowski at investinglive.com.

Bloomberg is reporting that the Trump administration is looking to take a 10% stake in Intel. This is a follow-up to the late last week's story of an investment by the US. However, it seems it will not be an investment, but the government would be given converted equity from the grants given to Intel by the Chips Act. Trump has publically called the Chips Act a disaster (or something to that effect). The Deal Maker...deals in good and bad. Shares of Intel are currently trading down $0.61 or -2.63% at $23.92. At the high price last on Friday, the price extended up to $25.65. The high price today was at $24.90. The high for the year was reached back in February at $27.55. The low was in April at $17.70.Technically the news last week pushed the price away from its 100 and 200 day moving averages at $21.26 and $21.67 respectively. That tilts the short-term bias to the upside but there is more work to do to increase the bullish bias after the sharp move lower in 2024 that took the price down from a high of $51.28. This article was written by Greg Michalowski at investinglive.com.

The major European indices are closing mostly lower with France's CAC the worst performer. The one exception is UK's FTSE 100 which rose modestly. A snapshot of the closing levels shows:German DAX -0.18%France's CAC, -0.50%UK's FTSE 100 +0.21%Spain's Ibex -0.17%Italy's FTSE MIB -0.03%As the European shares close, the European leaders are arriving at the White House.Looking at the US stock market, price action is modest today with gains and losses in the major indices: industrial average minusDow industrial average unchangedS&P index -0.03%NASDAQ index -0.07%. This article was written by Greg Michalowski at investinglive.com.

The GBPUSD is making a break below the 100 hour MA and also below a retracement level near 1.35397 to 1.3544. The break has put the sellers more in control at least in the short term. There is work to do with the rising 200 hour MA as the next target at 1.3479. Move below that level, and traders will look to the broken 50% at 1.3463. A swing area comes in at between 1.3436 and 1.34509.It would now take a move back above the 100 hour moving average to discourage the short term sellers. The This article was written by Greg Michalowski at investinglive.com.

Ukraine's Zelenskiy tells Fox News that giving up territory to Russia would be impossible.Meanwhile, European leaders areto hold a video meeting tomorrow to discuss Washington talks and Ukraine This article was written by Greg Michalowski at investinglive.com.

Sector OverviewThe US stock market heatmap today paints a vivid picture of contrasting fortunes across various sectors. The semiconductor sector is standing out, led by Nvidia (NVDA) with a robust gain of 1.17%. This upward momentum reflects a renewed investor confidence in the tech backbone of modern industries after recent fluctuations.Conversely, communication services are struggling, with Meta (META) dropping a hefty 2.79%. This fall is signaling potential worries about advertising revenues or regulatory challenges.? Semiconductor Surge: Nvidia's rise highlights positive market sentiment, possibly driven by recent advancements in AI technology. Meanwhile, Advanced Micro Devices (AMD) sees a slight decline of 0.88%, unable to keep pace with Nvidia's rally.? Communication Services Hit: Google's (GOOG) minor gain of 0.10% contrasts sharply with Meta's significant losses, indicating varying investor confidence levels in different communication service giants.Market Mood and TrendsToday's market sentiment is mixed, oscillating between optimism in tech advancements and caution in communication services. Investors appear cautious, balancing growth potential against emerging risks.The defensive sectors like consumer electronics, represented by Apple (AAPL) down by 0.34%, could be influenced by anticipated consumer spending slowdowns or supply chain concerns.Strategic RecommendationsInvestors may consider focusing on sectors demonstrating resilience, like semiconductors, while staying vigilant about communication services. The diverging fortunes within tech indicate the importance of selectivity and timing in investment strategies.? Recommendations:Explore growth opportunities in semiconductor stocks due to their current positive trend and role in tech innovation.Exercise caution or consider short positions in communication services like Meta until clearer signals emerge.Diversification remains key. Balancing exposure across sectors experiencing varied fortune can mitigate risks and capitalize on emergent trends. Stay updated with InvestingLive.com for more insights and market analysis. ?? This article was written by Itai Levitan at investinglive.com.

I am not here to prosecute it (the Russia/Ukraine war), but it is Biden's war, not mine.In his own words: This article was written by Greg Michalowski at investinglive.com.

Russia can only be forced into peace through strengthSays that Ukraine is ready to work productively for peace. This article was written by Greg Michalowski at investinglive.com.

Prior month 33Single-family home sales 35 versus 36 in July Home sales over next six months 43 versus 43 in JulyIndex of prospective buyers 22 versus 20 in July This article was written by Greg Michalowski at investinglive.com.

Headlines:Jackson Hole on the horizon for markets this weekWhat are the interest rates expectations ahead of the Jackson Hole Symposium?Cryptocurrencies lose altitude to start the new weekTrump reaffirms executive order to get rid of mail-in ballots for midterm electionsTrump scheduled for sit down with Zelensky before meeting European leadersEurozone June trade balance €7.0 billion vs €13.0 billion expectedMarkets:NZD leads, JPY lags on the dayEuropean equities lower; S&P 500 futures down 0.1%US 10-year yields down 2.5 bps to 4.296%Gold up 0.3% to $3,346.76WTI crude up 0.6% to $63.19Bitcoin down 2.1% to $115,041It was a quiet session with little on the agenda to really shake things up. That is seeing markets just trudge along to start the new week, with eyes on bigger events in the coming days. The anticipation will slowly build towards Fed chair Powell's speech at Jackson Hole at the end of the week.For today, it's more of a tentative mood across asset classes. In FX, the dollar is lightly changed with narrower ranges prevailing. USD/JPY is up only 0.2% to 147.50 while EUR/USD is down 0.1% to 1.1683 on the day. Meanwhile, USD/CAD is down 0.2% to 1.3793 while AUD/USD is seen marginally higher by 0.1% to 0.6510. The changes show a lot to be desired to start the week.In the equities space, we're seeing stocks also cool after last week's gains. That despite Japanese stocks ending at fresh record highs. European indices are marked down amid a more tepid mood with US futures also keeping marginally lower as Wall Street is waiting on key earnings from retailers this week. Target and Walmart are the big two to look out for.Elsewhere, gold is up slightly but remains largely in a consolidative mood since the end of May as pointed out here. Among the more notable movers are actually cryptocurrencies with Ethereum down almost 5% to $4,268 as the recent upside momentum fades, with Bitcoin also seeing a loss of altitude and is down over 2% to $115,041. This article was written by Justin Low at investinglive.com.

Fundamental OverviewThe USD came under some pressure at the start of last week following the US CPI report as the data came mostly in line with expectations. In the following days though, we got some hottish data with the US PPI beating expectations by a big margin, the US Jobless Claims improving further and the inflation expectations in the UMich survey surprising to the upside. Overall, we ended the week basically flat on the US dollar as the aggressive dovish expectations on the Fed got trimmed a bit. Nevertheless, given the overreaction from the Fed members to the last soft NFP, a September cut looks unavoidable now and only a hot NFP report in September might get us to a 50% probability (although it would certainly diminish expectations for rate cuts after the September one). The focus has now switched to Fed Chair Powell’s speech at the Jackson Hole Symposium on Friday. Traders will be eager to see if he changes his stance as well. Most likely though, he won’t pre-commit to anything and just reiterate that they will decide based on the totality of the data.On the CAD side, the underlying inflation in Canada has been rising steadily since last December and continues to hover near the upper bound of the 1-3% target range. The data out of Canada has been improving recently and the latest employment report surprised to the upside. The BoC kept interest rates unchanged at the last meeting as expected and although it kept the door open for more rate adjustments, it’s unlikely to do so unless we get another growth shock or a series of benign inflation data. The market is pricing 22 bps of easing by year-end.USDCAD Technical Analysis – Daily TimeframeOn the daily chart, we can see that USDCAD rejected the key swing level at 1.3860 following the soft NFP and got stuck in a consolidation ever since. From a risk management perspective, the sellers will have a better risk to reward setup around the swing level to position for a drop into the 1.3540 low. The buyers, on the other hand, will want to see the price breaking higher to start targeting the 1.40 handle next.USDCAD Technical Analysis – 4 hour TimeframeOn the 4 hour chart, we can see more clearly the consolidation between the 1.3818 level and the minor upward trendline. The buyers will likely lean on the trendline to keep pushing into new highs, while the sellers will look for a break lower to open the door for new lows. USDCAD Technical Analysis – 1 hour TimeframeOn the 1 hour chart, there’s not much we can add here as the sellers will likely continue to pile in around the 1.3818 level while the buyers will wait for a breakout to target the 1.3860 level next. On an intraday basis, a break below the most recent low at 1.3787 could see the sellers extending the pullback into the trendline. The red lines define the average daily range for today. Upcoming CatalystsTomorrow we have the Canadian CPI and Fed’s Bowman speaking. On Wednesday, we have Fed’s Waller and the FOMC meeting minutes. On Thursday, we get the US Flash PMIs as well as the US Jobless Claims figures. Finally, on Friday, we conclude the week with Fed Chair Powell speech at the Jackson Hole Symposium. This article was written by Giuseppe Dellamotta at investinglive.com.

From the man himself:"I am going to lead a movement to get rid of MAIL-IN BALLOTS, and also, while we're at it, Highly "Inaccurate," Very Expensive, and Seriously Controversial VOTING MACHINES, which cost Ten Times more than accurate and sophisticated Watermark Paper, which is faster, and leaves NO DOUBT, at the end of the evening, as to who WON, and who LOST, the Election. We are now the only Country in the World that uses Mail-In Voting. All others gave it up because of the MASSIVE VOTER FRAUD ENCOUNTERED. WE WILL BEGIN THIS EFFORT, WHICH WILL BE STRONGLY OPPOSED BY THE DEMOCRATS BECAUSE THEY CHEAT AT LEVELS NEVER SEEN BEFORE, by signing an EXECUTIVE ORDER to help bring HONESTY to the 2026 Midterm Elections. Remember, the States are merely an "agent" for the Federal Government in counting and tabulating the votes. They must do what the Federal Government, as represented by the President of the United States, tells them, FOR THE GOOD OF OUR COUNTRY, to do. With their HORRIBLE Radical Left policies, like Open Borders, Men Playing in Women's Sports, Transgender and "WOKE" for everyone, and so much more, Democrats are virtually Unelectable without using this completely disproven Mail-In SCAM. ELECTIONS CAN NEVER BE HONEST WITH MAIL IN BALLOTS/VOTING, and everybody, IN PARTICULAR THE DEMOCRATS, KNOWS THIS. I, AND THE REPUBLICAN PARTY, WILL FIGHT LIKE HELL TO BRING HONESTY AND INTEGRITY BACK TO OUR ELECTIONS. THE MAIL-IN BALLOT HOAX, USING VOTING MACHINES THAT ARE A COMPLETE AND TOTAL DISASTER, MUST END, NOW!!! REMEMBER, WITHOUT FAIR AND HONEST ELECTIONS, AND STRONG AND POWERFUL BORDERS, YOU DON'T HAVE EVEN A SEMBLANCE OF A COUNTRY. THANK YOU FOR YOUR ATTENTION TO THIS MATTER!!! DONALD J. TRUMP, PRESIDENT OF THE UNITED STATES OF AMERICA"As a reminder, the US has 18 states that count mail-in ballots after Election Day with most states requiring said ballots to be postmarked by or before the day itself.It has been a long-standing controversy with Republicans, so Trump's move here is no surprise.The actual question is whether the executive order will be upheld by the constitution. Trump already announced this back in April, so the echo here is mainly to reaffirm that sentiment again following his meeting with Russian president Putin. This article was written by Justin Low at investinglive.com.

The key political risk event today is the meeting between US president Trump and Ukraine president Zelensky in Washington. It is one that will be accompanied by European leaders, with their presence being so that Zelensky does not get ambushed once again as he did back in February.But as it appears on the agenda, Trump will have a bilateral meeting with Zelensky himself in the Oval Office first before involving European leaders in a separate meeting. That will certainly be interesting.The Trump-Zelensky sit down is scheduled for 1715 GMT before the US president will greet European leaders at 1815 GMT. And then, there will be a meeting with European leaders for 1900 GMT. This article was written by Justin Low at investinglive.com.

Fundamental OverviewThe USD came under some pressure at the start of last week following the US CPI report as the data came mostly in line with expectations. In the following days though, we got some hottish data with the US PPI beating expectations by a big margin, the US Jobless Claims improving further and the inflation expectations in the UMich survey surprising to the upside. Overall, we ended the week basically flat on the US dollar as the aggressive dovish expectations on the Fed got trimmed a bit. Nevertheless, given the overreaction from the Fed members to the last soft NFP, a September cut looks unavoidable now and only a hot NFP report in September might get us to a 50% probability (although it would certainly diminish expectations for rate cuts after the September one). The focus has now switched to Fed Chair Powell’s speech at the Jackson Hole Symposium on Friday. Traders will be eager to see if he changes his stance as well. Most likely though, he won’t pre-commit to anything and just reiterate that they will decide based on the totality of the data.On the GBP side, the BoE delivered a hawkish cut at the last meeting with the first voting round failing to produce a majority. It was the first time ever the BoE had to conduct two voting rounds to reach a majority. Moreover, inflation forecasts were revised upwards, and the statement leant on the more hawkish side with these two lines: “upside risks around medium-term inflationary pressures have moved slightly higher” and “the restrictiveness of monetary policy has fallen.” The central bank is finally acknowledging that inflation should be their biggest concern given that the UK still has one of the highest inflation rates among the major countries. In fact, core inflation has never fallen below 3% since 2021. Couple that with high wage growth and a central bank that is cutting rates, and the outlook gets very tricky for the BoE. This week the focus will be on the UK CPI data.GBPUSD Technical Analysis – Daily TimeframeOn the daily chart, we can see that GBPUSD has rallied all the way up to the key swing level at 1.3590. This is where the sellers stepped in with a defined risk above the level to position for a drop back into the 1.3368 level. The buyers, on the other hand, will need the price to break higher to start targeting the next key level at 1.3790.GBPUSD Technical Analysis – 4 hour TimeframeOn the 4 hour chart, we can see that we broke through the minor upward trendline that was defining the bullish momentum on this timeframe. The sellers will likely pile in here to target a correction into the 1.3368 level, while the buyers will need a break above the 1.3590 level to invalidate the bearish setup. GBPUSD Technical Analysis – 1 hour TimeframeOn the 1 hour chart, there’s not much we can add here although on an intraday basis, we have the most recent swing level at 1.3520 defining the bullish structure. A break below that level should see the sellers increasing the bearish bets into new lows. The red lines define the average daily range for today.Upcoming CatalystsTomorrow we have Fed’s Bowman speaking. On Wednesday, we have the UK CPI report, Fed’s Waller and the FOMC meeting minutes. On Thursday, we get the UK and US Flash PMIs as well as the US Jobless Claims figures. Finally, on Friday, we conclude the week with Fed Chair Powell speech at the Jackson Hole Symposium. This article was written by Giuseppe Dellamotta at investinglive.com.

The confusion surrounding US tariffs threatened to stir something up at the start of the month but ultimately, it all fizzled as the speculation got debunked. In that lieu, spot gold prices also failed to gather much excitement and we're seeing the consolidative mood extend further now into the third week of August. It has been this way for gold since the end of May.So, what's next for the precious metal?The fundamental catalysts for gold are still very much in play and remain clear. As the Fed aims to cut rates, it acts as another tailwind for gold in the bigger picture. Then again, the more hawkish Fed in the past year hasn't really put a dent in gold prices anyway. So, there's that argument to make.Besides that, the threat of tariffs inflation could lift demand in gold act as a hedge and there's also ETF buying in catching up to the spot price. But perhaps the biggest tailwind remains that central banks across the globe are still buying into gold. And the most notable one is of course China here.It's a sign of the times as markets are also losing confidence in the dollar amid Trump's policy incoherence and credibility attacks against the Fed and BLS.But at this stage, I would argue that a lot of everything is priced into what we're seeing with gold. The consolidative mood above speaks to buyers needing another major catalyst to spark the next upside breakout/leg - one that takes it above $3,500.However, the technical picture is starting to close in on them and present some risks. As gold is trapped longer in this range, technical exhaustion is a key challenge that could bite at buyers' appetite. That especially with the 100-day moving average (red line) starting to close in on price action.We already saw a test of that at the end of July and it looks to be once again starting to come into the picture in August. The key level is seen at $3,307 currently. As a reminder, gold has not firmly broken below the level since October 2023. That speaks to the bullish run and upside momentum in the precious metal since last year already.As such, if there is a key break there, it could trigger technical stops on the way down and lead to a quick and sharp pullback in prices. The May lows around $3,120-54 will be a key line in the sand on any major retracement before talking about the 200-day moving average (blue line).But given the fundamental backdrop above, I'll preach what I have been saying for almost a decade now. Gold will still remain a buy on dips on any significant technical pullback. It's another chance to add to longs and reload for those who scaled out. This article was written by Justin Low at investinglive.com.

In an industry where many traders struggle to bridge the gap between learning and earning, Fortuno School stands out as a leader in providing professional-grade trading education, market research, and high-accuracy trading signals. Backed by its sister company Fortuno Markets, a global multi-asset broker, Fortuno School empowers traders to build skills, trade confidently, and access world-class market opportunities in one seamless ecosystem. The goal? To give traders everything they need to start winning in the market, and keep winning. The Bridge Between Learning and Earning Unlike traditional trading academies, Fortuno School is directly integrated with Fortuno Markets, a globally trusted multi-asset broker. This integration means students can move from theory to execution instantly, applying newly learned strategies on a live trading account with low spreads, lightning-fast execution, and leverage up to 1:Unlimited. "Most trading courses stop at theory. We go further, we train you, guide you, and then put the world’s markets at your fingertips through Fortuno Markets," said Ken, Founder of Fortuno Group. "We’re not just teaching people how to trade, we’re equipping them to succeed."What Fortuno School Offers High-Accuracy Trading Signals - VIP & VVIP members get exclusive buy/sell alerts with proven track records. Weekly Private Classes - Learn from seasoned analysts in real-time. Two-Way Trader Community - Exchange insights, strategies, and motivation with peers and mentors. Live Market Analysis - Stay ahead of market moves with daily insights. Beginner to Advanced Learning Path - Structured content to take you from zero experience to confident trader.Why This Matters for Traders The forex industry is notorious for high failure rates among beginners. Fortuno School aims to change that by combining education, real-time guidance, and an optimal trading environment in one place. With Fortuno Markets as the execution partner, traders enjoy: · Ultra-low trading costs · High leverage options · Multi-asset trading (forex, gold, indices, crypto) · Secure funding and withdrawalsAbout Fortuno School Fortuno School is a financial research and education firm and a sister company of Fortuno Markets, a global multi-asset broker. It provides traders with expert market analysis, high-accuracy trading signals, and structured learning programs designed to bridge the gap between theory and live trading. By combining education with direct access to professional trading tools through Fortuno Markets, Fortuno School empowers traders to learn, apply, and succeed in today’s fast-moving financial markets. This article was written by IL Contributors at investinglive.com.

Rate cuts by year-endFed: 55 bps (84% probability of rate cut at the upcoming meeting) ECB: 11 bps (93% probability of no change at the upcoming meeting) BoE: 15bps (94% probability of no change at the upcoming meeting) BoC: 22 bps (64% probability of no change at the upcoming meeting) RBA: 37 bps (66% probability of no change at the upcoming meeting)RBNZ: 41 bps (97% probability of rate cut at the upcoming meeting) SNB: 9 bps (88% probability of no change at the upcoming meeting) Rate hikes by year-endBoJ: 16 bps (87% probability of no change at the upcoming meeting)Following the US CPI report, the pricing for the Fed increased from 57 bps to 61 bps as the data came mostly in line with expectations and wasn't strong enough to force a reassessment. Then we got an upside surprise in the US PPI data (although most of that came from portfolio management services), further improvement in the US Jobless Claims and higher inflation expectations figures in the UMich survey.Traders eventually trimmed the aggressive dovish bets on the Fed and we settled around 55 bps of easing by year-end, which is what the market should have always expected. The data never justified more than two cuts. And I would argue that after the first cut, things will get even better and the market will likely need to trim further its bets. The focus now switches to Fed Chair Powell's speech at the Jackson Hole Symposium on Friday. Traders will focus on whether he opens the door for a cut in September. Most likely though, he will refrain from pre-committing to a rate cut and just reiterate that they will decide on the totality of the data, making the next NFP report crucial. For the other central banks, this week we have the Canadian CPI, the RBNZ rate decision and the UK CPI data. These events will likely influence the pricing for the BoC, RBNZ and BoE. This article was written by Giuseppe Dellamotta at investinglive.com.

Prior €16.2 billion; revised to €16.5 billionThe euro area trade surplus narrowed considerably in June, with the seasonally adjusted reading also showing a decline to €2.8 billion as compared to €15.6 billion in May. After accounting for seasonal factors, exports were seen down 2.4% on the month while imports were seen up 3.1% on the month. This article was written by Justin Low at investinglive.com.

Cryptos are facing a pullback to start the new week, with both Bitcoin and Ethereum notably dropping. The former is down close to 2%, adjusting lower after failing to get above $124,000 last week. The latter is seeing a similar rejection of the $4,800 mark. The Friday decline already saw Bitcoin lose near-term momentum and with the latest drop today, Ethereum is suffering a similar fate.The near 5% fall today takes out the 200-hour moving average (blue line), after buyers had tried to defend the level over the weekend. The break there now sees the near-term momentum switch to being more bearish again. That is allowing for a test of the 38.2 Fib retracement level of the swing higher since the start of August, seen around $4,242.In short, buyers are now feeling exhausted as the upside leg reverses and the pullback is gathering a bit more traction.This is the first time since 4 August that price action has dipped below both key hourly moving averages. As such, there is scope for the retracement to run further before dip buyers step back in.For now, overall risk sentiment is also holding more tentative. Risk trades were optimistic last week in pushing Fed rate cut expectations but have since pulled back amid some slight inflation concerns. So, keep an eye on that as well in looking into the crypto mood this week. This article was written by Justin Low at investinglive.com.

Fundamental OverviewThe USD came under some pressure at the start of last week following the US CPI report as the data came mostly in line with expectations. In the following days though, we got some hottish data with the US PPI beating expectations by a big margin, the US Jobless Claims improving further and the inflation expectations in the UMich survey surprising to the upside. Overall, we ended the week basically flat on the US dollar as the aggressive dovish expectations on the Fed got trimmed a bit. Nevertheless, given the overreaction from the Fed members to the last soft NFP, a September cut looks unavoidable now and only a hot NFP report in September might get us to a 50% probability (although it would certainly diminish expectations for rate cuts after the September one). The focus has now switched to Fed Chair Powell’s speech at the Jackson Hole Symposium on Friday. Traders will be eager to see if he changes his stance as well. Most likely though, he won’t pre-commit to anything and just reiterate that they will decide based on the totality of the data.On the EUR side, we haven’t got anything new in terms of fundamentals after the US-EU trade deal that set tariffs at 15%. Many ECB members are now taking a much more neutral approach to rate cuts. They will need significant negative data to force them to cut further. The market is pricing just 11 bps of easing by year-end, so another rate cut has less than 50% chance of happening. EURUSD Technical Analysis – Daily TimeframeOn the daily chart, we can see that EURUSD is approaching a major trendline around the 1.1750 level. That’s where we can expect the sellers to step in with a defined risk above the trendline to position for a drop back into the 1.1575 support. The buyers, on the other hand, will look for a break higher to increase the bullish bets into a new cycle high.EURUSD Technical Analysis – 4 hour TimeframeOn the 4 hour chart, we can see that the bullish momentum into the major trendline waned recently, and we might consolidate between the trendline and the minor support zone around the 1.16 handle. From a risk management perspective, the buyers will have a better risk to reward setup around the support, while the sellers would be better off piling in around the trendline.EURUSD Technical Analysis – 1 hour TimeframeOn the 1 hour chart, there’s not much we can add here although on an intraday basis, we might see a push into the trendline if the price breaks above the recent highs at 1.1715. The red lines define the average daily range for today.Upcoming CatalystsThis week is going to be more about Fed speakers than economic data. We begin with Fed’s Bowman tomorrow. On Wednesday, we have the Fed’s Waller and the FOMC meeting minutes. On Thursday, we get the Eurozone and US Flash PMIs as well as the US Jobless Claims figures. Finally, on Friday, we conclude the week with Fed Chair Powell speech at the Jackson Hole Symposium. This article was written by Giuseppe Dellamotta at investinglive.com.