The US Dollar and Dow Jones took a plunge after Fitch downgraded the US credit rating amid fiscal deficits and an aging population. Will these moves be sustained?

Earnings from tech mega-caps Apple and Amazon, as well as the U.S. jobs report for July, could grab the spotlight and determine the trading bias of the S&P 500 in the coming days.

U.S. Treasury yields rise across the curve, boosting the dollar against its major peers. Meanwhile, USD/JPY extends its advance, inching closer to regaining the 2023 high.

Buoyant crude oil prices persist as high impact US and OPEC+ risk events dominate headlines this week.

Gold and silver remain trapped in short-term trading zones as holiday-thinned markets wait for the latest US Jobs Report

Germany leads the EU manufacturing sector into a downward spiral with another terrible print for July. Euro selling continues apart form EUR/JPY after the false breakout

The tech-focused Nasdaq 100 and the S&P 500 continue to make gains, while the Hang Seng’s surge has faltered for the time being.

USD/CAD is roughly 0.4% higher for the day thus far ahead of Canadian and US manufacturing PMI’s respectively.

China/Hong Kong equities appear to be in the early stages of base building amid hopes of further stimulus. What is the outlook and what are the levels to watch in the Hang Seng Index and the CSI 300 Index?

The Australian Dollar eventually ran lower after the RBA decided to keep the cash rate unchanged at 4.10%. The softer than forecast quarterly CPI appears to have been the catalyst. Where to for AUD/USD?