The Judge asked more time to preserve the status quo while she considers the merits of the legal fight. The Fed today said in a court filing that it takes no position in the lawsuit but that it wants a "prompt ruling" to remove "the existing cloud of uncertainty". This article was written by Giuseppe Dellamotta at investinglive.com.

The upside in gold has been supported since Powell's dovish tilt last Friday. Inflation expectations kept on climbing, while Treasury yields fell into new lows. That caused real yields to fall, giving further boost to gold prices. Today we are seeing a stronger push to the upside although we haven't got any meaningful catalyst. This looks more like one of those last parabolic pushes before a bigger pullback, but time will tell. The focus is now on the US labour market data that will culminate with the NFP report next Friday. Strong data might take the probability for a September cut towards a 50/50 chance but will certainly see a more hawkish repricing further down the curve and weigh on gold. Soft data, on the other hand, will likely see traders increasing the dovish bets with a third cut by year-end being priced in and giving gold another boost.In the bigger picture, gold should remain in an uptrend as real yields will likely continue to fall amid Fed easing given their dovish reaction function. In the short-term though, hawkish repricing in interest rates expectations will likely keep on triggering corrections.On the daily chart, we can see that gold is now trading at the upper bound of the 4-month long range. This is where we can expect the sellers to step in with a defined risk above the resistance to position for a drop back into the 3,245 support. The buyers, on the other hand, will look for a break higher to increase the bullish bets into a new all-time high.On the 1 hour chart, we can see more clearly the recent bullish trend triggered by Powell last Friday. We got a bounce on the upward trendline where buyers stepped in with a defined risk below the trendline to position for a breakout. If we were to get another pullback, we can expect the buyers to lean on the trendline again, while the sellers will look for a break lower to increase the bearish bets into the 3,245 support next. The red lines define the average daily range for today, so even if we stay above the resistance, we might not get much follow through. Also, it's not shown on the chart but the latest rally is diverging with momentum indicators which could be another signal of a potential pullback. Next week is going to be big for gold as interest rates expectations will be influenced greatly by the US labour market data. A hawkish repricing is likely to weigh on gold, while an even more dovish outlook should give the precious metal a boost into a new all-time high. This article was written by Giuseppe Dellamotta at investinglive.com.

There is no universal recipe for success in trading. However, there are some baselines you should follow to have a better shot at gaining profit. You can learn these vital reference points from your own mistakes—or choose the easier way and study the experience of others. In this article, Kar Yong Ang, financial analyst at Octa broker and successful trader, names three fundamental rules of trading that he learned the hard way—and wished he knew at the start of his journey. At the age of 21, Kar Yong Ang started trading with just $500 in his account balance. In two years, he turned it into $13,000. Today, he is a financially independent trader and investor, an expert analyst at Octa broker, a speaker, and a mentor who has coached hundreds of traders across Southeast Asia. Despite his successful career in the financial markets, Kar Yong acquired his trading skills and knowledge the hard way—from his own wins and losses. Below are some of the key things about trading that he wished he had known sooner.1. Use risk management to mitigate stressMany traders treat risk management tools as optional and fall back on them only on special occasions—for example, in times of increased market volatility. Unfortunately, this approach has some significant drawbacks. It may not affect the outcomes immediately, but in the long run, the 'intuitive' trading draws your energy and exposes you to stress. What's more, the shorter the timeframe you're trading on, the more significant the probability of a single drastic price change that can ruin your session. The stop-loss and take-profit orders make traders feel more confident and think clearly. The basic risk management tools allow them to put the nerve-wracking price drops out of the equation and make their sessions more time-efficient.To empower traders even more, Octa broker implemented advanced risk management features into its proprietary trading platform, OctaTrader. Trailing stop and break even tools allow traders to set up dynamic, market-sensitive exit points to secure the gains or eliminate the risk of financial loss within a particular trade. 2. Try to keep things simpleIn most cases, a simple, logically sound strategy will outperform a more sophisticated but less mentally accessible one. For most traders, considering factors such as price action, basic support and resistance zones, and volume can be enough to start making progress. Simpler strategies have the advantage of being easier to execute, given the trader's self-discipline. The more steps a strategy involves, the more room for doubt, error, and emotional interference. When the approach is simple and well-tested, execution becomes automatic, and consistency improves. According to Kar Yong, engaging with a reliable and globally regulated broker like Octa is one of the most crucial steps a trader can take to simplify his or her journey. Since its foundation in 2011, Octa has offered transparent fees and trading conditions and avoided any hidden tricks when it came to client relationships. Octa's trading platform, OctaTrader, aims to simplify the trading process by giving traders all the necessary tools within a seamless, customisable trading ecosystem. OctaTrader combines powerful AI tools and actionable expert knowledge to facilitate well-informed, low-stress decision-making.3. Follow the three-fold process For many years, Kar Yong has been rigorously following the same process throughout his trading sessions. It consists of three phases: direction, setup, and context. Along with the use of risk management tools, this framework helped him make his trading more consistent and reduce the cognitive load.1. Direction: define the market trendIt defines whether it is time to buy or sell. At this step, traders identify the dominant movement—uptrend, downtrend, or range. Direction is often determined using price action, trendlines, or momentum indicators.2. Setup: find an entry pointAfter defining the direction, Kar Yong switches his attention to the setup, or the specific conditions or patterns that indicate it's time to act. These conditions include breakouts, pullbacks to moving averages, candlestick formations, or support/resistance bounces. Allowing for the technical precision, the setup phase refines the entry point. Given that, the setup must align with the chosen direction: many losing trades come from jumping on setups that go against the prevailing market movement.3. Context: look for factors that can affect the tradeContext is the broader environment around the setup—volatility levels, time of day, proximity to news releases, key support/resistance zones, or overall market sentiment. For example, a textbook setup might appear just minutes before a major central bank announcement. In that context, the setup becomes less reliable due to expected market turbulence.It is worth mentioning that all three elements must align. When this framework is applied with discipline, it acts as a mental checklist—keeping traders focused, methodical, and less vulnerable to emotional or impulsive decisions.ConclusionAs a trading professional with a long and successful track record in the markets, Kar Yong Ang values experience over immediate success. In trading, one of the most important prerequisites of success is perseverance and seeing every trade as an opportunity to improve. Having said that, traders can significantly reduce the burden of beginner's mistakes by using modern trading tools such as Octa's proprietary platform. It empowers both emerging and seasoned traders by providing them with a seamless trading ecosystem that enables better performance and less stress. On top of that, Octa additionally reduces the traders' stress by offering seamless, fast, and efficient withdrawals, which helps the broker establish trusting relationships with its clients.Disclaimer: This article does not contain or constitute investment advice or recommendations and does not consider your investment objectives, financial situation, or needs. Any actions taken based on this content are at your sole discretion and risk—Octa does not accept any liability for any resulting losses or consequences.About OctaOcta is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 61 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools. The company is involved in a comprehensive network of charitable and humanitarian initiatives, including improving educational infrastructure and funding short-notice relief projects to support local communities.Since its foundation, Octa has won more than 100 awards, including the 'Most Reliable Broker Global 2024' award from Global Forex Awards and the 'Best Mobile Trading Platform 2024' award from Global Brand Magazine. This article was written by IL Contributors at investinglive.com.

From the agency: the GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2025 is 3.5 percent on August 29, up from 2.2 percent on August 26. After recent releases from the US Census Bureau and the US Bureau of Economic Analysis, the nowcasts of third-quarter real personal consumption expenditures growth and second-quarter real gross private domestic investment growth increased from 2.2 percent and 4.4 percent, respectively, to 2.3 percent and 6.1 percent, while the nowcast of the contribution of net exports to third-quarter real GDP growth increased from -0.36 percentage points to 0.59 percentage points.The next GDPNow update is Tuesday, September 2. This article was written by Giuseppe Dellamotta at investinglive.com.

The ADP data has diverged with the NFP many times in the past. We've seen countless times the market moving on the ADP data just to get caught on the wrong side by the NFP report a couple of days later. The last time that happened was in July when the ADP showed -33K jobs loss and the day later the NFP came out at +147K vs +110K expected.After the latest revisions to the NFP data though, it looks like the ADP was the one showing the true trend in private payroll employment. You can see it better in the two pictures below (h/t @stevehou0 on X) showing the trend in NFP and ADP before and after revisions.We can see that although the two are not perfectly correlated, the ADP has been more accurate in capturing the trend. In 2025, the labour market froze due to the tariffs mess of course, and the uptrend seen in the last part of 2024 turned into a downtrend due to uncertainty and growth fears. That trend might turn around again given that the uncertainty from tariffs is now behind us and expectations for rate cuts could improve business activity. Fed's Waller on ADPAnother interesting fact is that Fed's Waller yesterday mentioned the ADP data in his speech. Below you can read the excerpt:I also look at timely data that Federal Reserve staff maintains in collaboration with the employment services firm ADP to construct a measure of weekly payroll employment, which covers about 20 percent of the nation's private workforce. This measure is comparable to the one ADP publishes. The current May–July contour for the staff measure of ADP-based private employment is broadly consistent with that of the Current Employment Statistics numbers. And in the weeks after the July jobs report's reference period, preliminary estimates from ADP show continued deterioration.He said that the weekly payroll employment data that they construct from ADP continued to show deterioration after the July's jobs report's reference period. To sum upThe ADP report next week might be the most important of the year as market participants will certainly pay even more attention to it after the latest findings. This might translate into big moves across the markets as traders position into the NFP report coming up the day after. This article was written by Giuseppe Dellamotta at investinglive.com.

The S&P 500 and the Nasdaq are getting dragged lower as Nvidia shares extend losses. The catalyst was the WSJ report saying that Alibaba developed a new AI chip to help fill Nvidia void in China. The Chinese are of course trying to make their own AI chips given the interference from Trump's adiministration. While Nvidia is falling, Alibaba shares are obviously rallying on this latest news.In the bigger picture, the stock market will move more on what happens with the US labour market data next week and the Fed. But in the short-term, this could provide a pullback, especially given month-end and data risk. This article was written by Giuseppe Dellamotta at investinglive.com.

Prior 61.7Current conditions 61.7 vs 60.9 prelimPrior 68.0Expectations 55.9 vs 57.2 prelimPrior 57.7Inflation expectations:1 year 4.8% vs 4.9% prelimPrior 4.5%5 year 3.5% vs 3.9% prelimPrior 3.4%The data is slightly lower than preliminary estimates and although inflation expectations are still higher than the prior month, they got revised lower.Surveys of Consumers Director Joanne Hsu notes: "Perceptions of many aspects of the economy slipped. Buying conditions for durable goods subsided to their lowest reading in a year. Expectations for business conditions and labor markets contracted in August as well. That said, expectations for personal finances held steady this month, albeit at relatively subdued levels relative to a year ago." This article was written by Giuseppe Dellamotta at investinglive.com.

NVIDIA Weakness Persists While SPY Holds Firmer – A Possible Rotation?Even after the much-anticipated NVIDIA earnings, the order flow picture is telling two very different stories between the stock itself and the broader S&P 500 index.SPY (S&P 500 ETF) is showing resilience. Despite trading slightly lower in pre-market at 647.64 (-0.2%), sentiment remains bullish. Option order flow carries a positive tilt, with 1.6 million in positive delta volume, and institutional money flow is also aligned on the bullish side. Importantly, the option fear gauge is subdued, with the cost of hedging downside risk at just 1.1%, even below the normal 1.5%.By contrast, NVIDIA (NVDA) continues to struggle in the wake of its latest report. Shares are trading -1.1% lower in pre-market at 178.25, with sentiment clearly bearish. Option delta flow is negative (-1.1 million), while there is no sign of big money inflows. The cost of hedging NVDA has eased to 3.6%, but that remains higher than broad market levels, showing lingering caution.What This Means for TradersThis divergence could reflect a rotation of capital out of single-stock exposure in NVIDIA and into broader index coverage via SPY. While NVIDIA sellers are still present and buyers have not stepped back in, the index as a whole is not reflecting the same degree of downside pressure.This tells us two things:NVIDIA’s high-expectation earnings have triggered incremental selling rather than panic, with investors trimming exposure.Broader equity flows are still leaning constructive, with traders hedging less aggressively against the S&P 500.The discrepancy in sentiment between NVDA and SPY highlights that while one stock can drive headlines, the overall market remains more balanced. Traders should watch whether NVIDIA weakness begins to drag down the broader tech sector further, or if rotation into the index helps cushion downside for the S&P 500.As always, this analysis is decision support, not financial advice. Trade at your own risk. Visit investingLive.com for additional views. This article was written by Itai Levitan at investinglive.com.

Prior month -0.1% Advanced estimate for the month of July +0.1%GDP Q2:Q/Q annualized -1.6% vs -0.6%Prior 2.2% (revised to -2.0%)The Canadian dollar weakened across the board following the release as the data disappointed across the board. StatCan notes that the contraction in the second quarter was driven by significant declines in the export of goods, as well as decreased business investment in machinery and equipment. These declines were tempered by faster accumulations of business inventories, higher household spending and lower imports of goods.Traders increased slightly the rate cut bets for the BoC which now show 27 bps of easing by year-end compared to 24 bps before the release. This article was written by Giuseppe Dellamotta at investinglive.com.

Prior 2.8%Core PCE M/M 0.3% vs 0.3% expectedPrior 0.3%Headline PCE: PCE Y/Y 2.6% vs 2.6% expectedPrior 2.6%PCE M/M 0.2% vs 0.2% expectedPrior 0.3%Income/Spending:Personal income M/M 0.4% vs 0.4% expectedPrior 0.3%Personal spending M/M 0.5% vs 0.5% expected0.3% prior (revised to 0.4%)Minimal reaction in the markets, which shouldn't be surprising given that the data came in line with expectations across the board. The market pricing remained unchanged as the focus remains on the US labour market data coming up next week. This article was written by Giuseppe Dellamotta at investinglive.com.

We have a pretty tranquil session ahead in terms of data releases. The main highlights are the US PCE report for July and the Canadian GDP.The Core PCE is expected at 2.9% Y/Y and 0.3% M/M. Unless we get notable deviations, I don't expect the market to react to it too much given that the PCE can be accurately forecasted from the US CPI and PPI reports. Fed Chair Powell in his speech did mention that they expect Core PCE to come at 2.9% Y/Y. The focus will remain on the labour market data due next week when we get the ISM PMIs, the ADP and the NFP report. The Canadian GDP for June is expected at +0.1% vs -0.1% prior and the Q2 annualised figure at -0.6% vs 2.2% prior. I don't think it will change much for the BoC as the more timely data has been improving and the underlying inflation rate continues to hover around 3%. In terms of market pricing, we have 54 bps of easing priced in for the Fed (2 rate cuts) and 24 bps for the BoC (1 rate cut). By the end of 2026, we have 132 bps for the Fed and 33 bps for the BoC. In my opinion, there are too many rate cuts priced in for the Fed but the data in the next months will have the last word. We have also the final University of Michigan Consumer Sentiment report later in the session, but it's unlikely to matter much unless we get some big revisions for inflation expectations figures. This article was written by Giuseppe Dellamotta at investinglive.com.

Prior +2.0%HICP +2.1% vs +2.0% y/y expectedPrior +1.8%The state readings, which were firmer than estimated, from earlier can be found here. Core annual inflation remains unchanged for a third straight month at 2.7%. That is still on the higher side as it holds above the ECB's 2% target, so more work needs to be done in getting that lower. That especially with German consumers continuing to feel the pinch. This article was written by Justin Low at investinglive.com.

Headlines:Month-end focus to keep currency traders on their toes to end the weekEquities nudge lower in European morning tradeInflation expectations for the year ahead seen unchanged in latest ECB pollBavaria August CPI +2.1% vs +1.9% y/y priorFrance August preliminary CPI +0.9% vs +1.0% y/y expectedSpain August preliminary CPI +2.7% vs +2.8% y/y expectedItaly August preliminary CPI +1.6% vs +1.7% y/y expectedGermany July retail sales -1.5% vs -0.4% m/m expectedGermany July import price index -0.4% vs -0.3% m/m expectedGermany August unemployment change -9k vs 10k expectedFrance Q2 final GDP +0.3% vs +0.3% q/q prelimItaly Q2 final GDP -0.1% vs -0.1% q/q prelimMarkets:USD leads, GBP lags on the dayEuropean equities lower; S&P 500 futures down 0.3%US 10-year yields up 1.8 bps to 4.225%Gold down 0.3% to $3,405.82WTI crude down 0.4% to $64.35Bitcoin down 1.6% to $110,106There wasn't too much action on the session as markets are looking to wrap up the month of August today. Month-end shenanigans might feature later but there's also the US PCE price index to be mindful of later in the day.Equities did ease a little though, with investors seemingly cautious ahead of the final trading day of the week/month. European indices are down slightly, adding to losses on the week. The DAX and CAC 40 have both turned negative on the month in trading this week but it has still been a great month for the likes of the IBEX and FTSE MIB.US futures are keeping lower after holding more tentative in Asia, erasing much of the gains from yesterday. But it might be a different ball game when Wall Street enters the fray later.As for FX, it was quiet but the dollar is keeping firmer overall after some slight losses in the sessions before. EUR/USD is down 0.2% to 1.1660 with USD/JPY up 0.2% to 147.20 currently. GBP/USD is the most notable mover, down 0.4% to 1.3455 but besides that, other dollar pairs are more flattish on the day.We had inflation numbers from Germany, France, Spain, and Italy all together today but all of it mainly just served to reaffirm the prevailing ECB outlook. So, no big surprises really.I wish you all a good Friday and wonderful weekend ahead. This article was written by Justin Low at investinglive.com.

Nomura highlights that concerns are starting to grow on the Fed's independence and if that continues, would represent a structural bearish factor against the dollar. As things stand, the greenback is already facing headwinds from the Fed poised to ease monetary policy, softer US growth momentum, and policy divergences with the likes of Europe and Japan.As such, Nomura argues that the shift in dynamics at the central bank would compound the bearish elements for the dollar. If Cook is removed from her post and Miran replaces Kugler, Trump would eventually make 5 appointments of the 7 Fed governors should Powell also leave in May next year.That will see heavy political influence exert its presence on the central bank with the Fed's independence at stake. Nomura says that it could translate to higher long-end yields, weaker equities, and a weaker dollar as credibility on dealing with inflation is dealt a blow. As a reminder, that is one of the Fed's dual mandates.The firm notes that this continued development will see markets price in a greater risk premium against the dollar, adding to the broader downtrend that is already underway for the currency. This article was written by Justin Low at investinglive.com.

Stocks are starting to run into trouble on the day now. S&P 500 futures are down 0.4% with tech shares leading the declines as Nasdaq futures are down 0.6%. In Europe, the more sluggish week is also starting to turn bad with both the DAX and CAC 40 indices down 0.6% currently.There's no fresh catalysts for the move we're seeing but just be wary that month-end rebalancing flows might be a factor in the equation. For Wall Street, the S&P 500 closed at fresh record highs yesterday and is up 2.6% on the month. Meanwhile, the Nasdaq is up 2.8% on the month coming into today. In Europe, the shut out today sees the DAX join the CAC 40 in turning negative on the month this week but it's still a solid month for Spain and Italy's benchmark indices. This article was written by Justin Low at investinglive.com.

Prior +1.7%HICP +1.7% vs +1.8% y/y expectedPrior +1.7%Slight delay in the release by the source. Core annual inflation is seen accelerating a little to 2.1%, up from 2.0% in July. So, that will just play into the narrative of the ECB wanting to keep in pause mode for now. This article was written by Justin Low at investinglive.com.

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The table below highlights the inflation expectations, with the year-ahead response being unchanged at 2.6%:Overall, that's still much higher than the ECB target of 2%. So, there's definitely caution to be had as the fall in inflation expectations begin to hit a bit of a floor for now.In terms of the qualitative response, 84.8% of respondents see prices going up in the next 12 months. That's the highest share of respondents since April.The full results can be found here. This article was written by Justin Low at investinglive.com.

Slight delay in the release by the source. The rest of the other German state readings released around the same time:North Rhine Westphalia CPI +2.0% vs +1.8% y/y priorSaxony CPI +2.2% vs +1.9% y/y priorBaden Wuerttemberg CPI +2.5% vs +2.3% y/y priorThe readings are firmer across the board, as price pressures are seen moving up in August. Given the estimates above, the national release later should see headline annual inflation clock in around 2.2% as opposed to the 2.1% estimate. This article was written by Justin Low at investinglive.com.

Prior +0.3%The release comes a little earlier than scheduled but the reading just reaffirms a mild contraction in Italy's economy in Q2. This article was written by Justin Low at investinglive.com.