CWG Market Insight: Dollar Index Analysis | USD Consolidates at Low Levels, Gold Breaks Above 4,400 Ahead of Inflation Data

12 Aug, 2026

At the 09:19 Beijing cutoff, spot-gold bid was 4,387.40 and delayed DXY was 99.86. EUR/USD, GBP/USD, AUD/USD and USD/JPY were 1.1540, 1.3511, 0.7064, 159.32. Source timestamps differ; this is not a sy

Time convention: The report uses Beijing time throughout while source-native timing stays in the fields.
CWG Markets · Daily Insight
XAU/USD
4,387.40
+20.30 (+0.46%)
DXY
99.86
+0.03 (+0.03%)
EUR/USD
1.1540
-0.0004 (-0.03%)
GBP/USD
1.3511
+0.0003 (+0.02%)

Market overview

At the 09:19 Beijing cutoff, spot-gold bid was 4,387.40 and delayed DXY was 99.86. EUR/USD, GBP/USD, AUD/USD and USD/JPY were 1.1540, 1.3511, 0.7064, 159.32. Source timestamps differ; this is not a synchronized snapshot.

Key takeaway

July U.S. payrolls fell by 23,000, leaving the dollar and gold in a post-data repricing phase. No CPI result is assumed before August 12; any range break needs live confirmation.

Core market data

Asset Latest Change Interpretation
XAU/USD 4,387.40 +20.30 (+0.46%) spot gold bid; support 4,356.00 / 4,335.00; resistance 4,389.40 / 4,435.90.
[S1] 2026-08-12 09:19 Beijing Time · verified
DXY 99.86 +0.03 (+0.03%) delayed U.S. Dollar Index cash-index reference; support 99.79 / 99.65; resistance 99.86 / 100.00.
[S2] 2026-08-12 09:11 Beijing Time · verified
EUR/USD 1.1540 -0.0004 (-0.03%) spot FX reference quote; support 1.1539 / 1.1520; resistance 1.1548 / 1.1570.
[S3] 2026-08-12 09:01 Beijing Time · verified
GBP/USD 1.3511 +0.0003 (+0.02%) spot FX reference quote; support 1.3502 / 1.3480; resistance 1.3513 / 1.3540.
[S4] 2026-08-12 08:03 Beijing Time · verified
AUD/USD 0.7064 +0.0002 (+0.03%) spot FX reference quote; support 0.7056 / 0.7040; resistance 0.7070 / 0.7090.
[S5] 2026-08-12 09:04 Beijing Time · verified
USD/JPY 159.32 +0.02 (+0.01%) spot FX reference quote; support 159.20 / 159.00; resistance 159.32 / 159.60.
[S6] 2026-08-12 08:50 Beijing Time · verified
Sources: [S1] Kitco Gold Price Chart · [S2] MarketWatch DXY · [S3] MarketWatch EUR/USD · [S4] MarketWatch GBP/USD · [S5] MarketWatch AUD/USD · [S6] MarketWatch USD/JPY

Market review

July U.S. payrolls fell by 23,000, unemployment was 4.1% and hourly earnings rose 3.2% y/y. Latest official H.15 closes: 2Y 4.25%, 10Y 4.72%, 30Y 5.25%.

1 Employment data confirmed

July payrolls fell by 23,000 and unemployment was 4.1%. No unverified forecast is added.

2 Non-synchronous quotes

DXY is delayed, gold is a spot bid and FX values are separate page references; timestamps must be read independently.

Market dynamics

1 Gold range

Gold bid is 4,387.40 within the verified 4,356.00-4,435.90 day range.

2 Treasury curve

Latest official closes are 2Y 4.25%, 10Y 4.72% and 30Y 5.25%.

3 Inflation data ahead

July CPI and real earnings are scheduled for August 12 at 20:30 Beijing Time; no actual value is available yet.

Sources: [S1] Kitco · [S2] MarketWatch DXY · [S7] Federal Reserve H.15

Economic calendar - confirmed times only

Beijing time Region Confirmed event Status
08-12 20:30 US U.S. CPI and real earnings - July Time verified; not released at cutoff
08-13 20:30 US U.S. PPI - July Time verified; not released at cutoff
08-18 20:30 US U.S. import and export prices - July Time verified; not released at cutoff
Source: [S8] U.S. BLS official 2026 release schedule

Cross-asset verified comparison

Technical levels

Levels use only the latest verified references. Recheck live prices and spreads before acting.

Asset Reference Resistance Support Invalidation
DXY 99.86 99.86 / 100.00 99.79 / 99.65 Below 99.65
EUR/USD 1.1540 1.1548 / 1.1570 1.1539 / 1.1520 Below 1.1520
GBP/USD 1.3511 1.3513 / 1.3540 1.3502 / 1.3480 Below 1.3480
USD/JPY 159.32 159.32 / 159.60 159.20 / 159.00 Below 159.00
AUD/USD 0.7064 0.7070 / 0.7090 0.7056 / 0.7040 Below 0.7040
XAU/USD 4,387.40 4,389.40 / 4,435.90 4,356.00 / 4,335.00 Below 4,335.00

Released data

U.S. Employment Situation - July Payrolls -23,000; unemployment 4.1%; hourly earnings +3.2% y/y [S9]
U.S. Q2 real GDP, advance +1.5% annualized; Q1 +2.1% [S10]
U.S. June core PCE +0.1% m/m; +3.3% y/y [S11]
U.S. Q2 nonfarm productivity, prelim. Productivity +1.4%; unit labor costs +1.3% [S12]

Conditional scenarios

Trigger Confirmation Invalidation Path
DXY above 100.00 Gold below 4,356.00 and EUR/USD below 1.1520 DXY below 99.65 A firmer dollar may pressure gold and non-dollar currencies.
DXY below 99.65 Gold above 4,389.40 and EUR/USD above 1.1548 DXY back above 100.00 A softer dollar may allow gold and non-dollar currencies to recover.

Not a trading instruction. Confirm all triggers with live platform data.

Hot markets: charts and key ranges

Four panels cover XAU/USD, EUR/USD, GBP/USD, AUD/USD and position each reference within its verified day range; they do not depict an intraday path.

This material is provided for general market commentary only. It does not constitute investment advice, an offer to trade, or a guarantee of returns. Leveraged products involve a high degree of risk and may result in losses.

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