Last Updated on 31/08/2026
Silver
Silver attempted to extend its rally during the week but struggled to maintain momentum above the $70 mark. Renewed concerns over U.S. interest rates and comments from Federal Reserve Chairman Kevin Warsh shifted sentiment, prompting traders to reassess expectations for future monetary policy.
The $70 level now appears to be a significant resistance zone, and the metal could remain under pressure in the near term while markets digest the Fed’s outlook.
Nasdaq 100
The Nasdaq 100 experienced considerable volatility throughout the week, ultimately remaining trapped within a broad consolidation range. Despite short-term uncertainty and lingering concerns among investors, strong corporate earnings continue to support the longer-term bullish trend.
Traders may look for fresh buying opportunities after the recent pullback, although caution remains elevated.
Gold
Gold pushed toward the $4,700 level but failed to establish a decisive breakout. Hawkish remarks from Fed Chair Kevin Warsh unsettled financial markets and increased focus on the critical $4,500 support area.
This psychologically important level could determine the next major move, with a sustained break lower potentially triggering a deeper correction.
AUD/USD
The Australian dollar initially advanced but quickly surrendered gains, forming a bearish weekly candlestick pattern that reflects growing hesitation among buyers. With the pair approaching the upper boundary of its longer-term trading range and technical indicators signaling overbought conditions, downside risks are increasing. Key support remains near the 0.69 level.
USD/MXN
The U.S. dollar strengthened notably against the Mexican peso, particularly toward the end of the week.
While Mexico still offers a favorable interest-rate advantage, expectations that the Federal Reserve could maintain a restrictive stance for longer have boosted demand for the greenback. The 17.00 area remains an important technical level that traders continue to monitor closely.
GBP/USD
Sterling lost momentum during the week as markets reacted to unexpectedly hawkish signals from the Federal Reserve.
After testing a major resistance zone on the higher time-frame charts, GBP/USD appears vulnerable to remaining within its established range. Unless new catalysts emerge, range-bound trading may continue in the weeks ahead.
EUR/USD
The euro retreated sharply after failing to sustain gains above the 1.17 level, a price area that has repeatedly acted as resistance.
Investors increasingly favor the U.S. dollar as interest-rate expectations continue to support the greenback. If the policy gap between the Federal Reserve and the European Central Bank widens further, additional pressure on EUR/USD could follow.
BTC/USD
Bitcoin reversed course dramatically late in the week, raising questions about the strength of the recent rally.
Although the broader trend remains constructive, the inability to decisively overcome the $80,000 threshold suggests bullish momentum may be fading. Traders will be watching closely to see whether a deeper pullback develops, with the $80,000 level continuing to act as a major obstacle.
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