The July nonfarm payrolls report will provide valuable information on the health of the U.S. economy and help shape the near-term outlook for gold, the U.S. dollar, and the S&P 500.

Gold prices slide for the second straight day amid U.S. dollar strength and rising Treasury yields following better-than-expected U.S. economic and Fitch’s decision to downgrade U.S. debt.

A mixed bag from Sterling-crosses today with GBP/USD seemingly stuck, while GBP/NZD touches its highest levels since April 2020

The Japanese Yen gained some lost ground after minutes of the BoJ meeting provided clarity on policy intentions. US credit downgrade having little impact for now

The DXY appears to have shrugged off a downgrade by Fitch Ratings to continue high following the European Open. Can the US Dollar sustain the upward momentum?

European indices have fallen sharply in early trading, but the Dow is only slightly lower despite the US credit rating downgrade last night.

AUD prices have been rocked by the US ratings downgrade but has managed to find support against the NZD as market keenly await ADP data later today.

EUR appears to be slightly supported after Fitch downgraded US ratings. Still, monetary policy and growth differentials suggest the single currency is unlikely to benefit much. What is the outlook for EUR/USD, EUR/NZD, and EUR/AUD?

The gold price is in the middle of its recent range near US$ 1,950 going Wednesday after a US Dollar rally before Fitch downgraded US sovereign debt. It may trigger some volatility. Where to for XAU/USD?