CWG Market Update: US Dollar Index Consolidates at Low Levels, Gold Rebounds Near 4,430; Market Focuses on Upcoming Economic Data

18 Aug, 2026

At the 09:05 Beijing cutoff, spot-gold bid was 4,430.00 and delayed DXY was 99.58. EUR/USD, GBP/USD, AUD/USD and USD/JPY were 1.1584, 1.3547, 0.7110, 159.36. 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
4,430.00
+14.10 (+0.32%)
DXY
99.58
-0.09 (-0.09%)
EUR/USD
1.1584
+0.0003 (+0.03%)
GBP/USD
1.3547
+0.0004 (+0.03%)

Market overview

At the 09:05 Beijing cutoff, spot-gold bid was 4,430.00 and delayed DXY was 99.58. EUR/USD, GBP/USD, AUD/USD and USD/JPY were 1.1584, 1.3547, 0.7110, 159.36. Source timestamps differ; this is not a synchronized snapshot.

Key takeaway

July U.S. PPI is confirmed: final demand was unchanged m/m and rose 4.7% y/y; the measure excluding foods, energy and trade services rose 0.4% m/m and 4.7% y/y. Gold was near the upper end of its verified 4,366.50-4,436.50 day range; any directional break needs live confirmation.

Core market data

Asset Latest Change Interpretation
XAU/USD 4,430.00 +14.10 (+0.32%) spot gold bid; support 4,415.90 / 4,366.50; resistance 4,436.50 / 4,460.00.
[S1] 2026-08-18 09:02 Beijing Time (Aug 17 21:02 NY Time) · verified
DXY 99.58 -0.09 (-0.09%) delayed U.S. Dollar Index cash-index reference; support 99.29 / 99.10; resistance 99.67 / 99.85.
[S2] 2026-08-18 06:05 Beijing Time (Aug 17 18:05 EDT) · verified
EUR/USD 1.1584 +0.0003 (+0.03%) spot FX reference quote; support 1.1581 / 1.1575; resistance 1.1588 / 1.1600.
[S3] 2026-08-18 09:05 Beijing Time (Aug 17 21:05 EDT) · verified
GBP/USD 1.3547 +0.0004 (+0.03%) spot FX reference quote; support 1.3543 / 1.3537; resistance 1.3555 / 1.3580.
[S4] 2026-08-18 08:50 Beijing Time (Aug 17 20:50 EDT) · verified
AUD/USD 0.7110 +0.0006 (+0.08%) spot FX reference quote; support 0.7104 / 0.7102; resistance 0.7116 / 0.7130.
[S5] 2026-08-18 08:43 Beijing Time (Aug 17 20:43 EDT) · verified
USD/JPY 159.36 -0.10 (-0.06%) spot FX reference quote; support 159.30 / 159.00; resistance 159.60 / 159.85.
[S6] 2026-08-18 07:40 Beijing Time (Aug 17 19:40 EDT) · 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. PPI was Final demand unchanged m/m and +4.7% y/y; less foods, energy and trade +0.4% m/m and +4.7% y/y. Latest official H.15 closes: 2Y 4.17%, 10Y 4.68%, 30Y 5.25%.

1 Producer inflation confirmed

July U.S. PPI was Final demand unchanged m/m and +4.7% y/y; less foods, energy and trade +0.4% m/m and +4.7% y/y. 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 4,430.00 within the verified 4,366.50-4,436.50 day range.

2 Treasury curve

Latest official closes are 2Y 4.17%, 10Y 4.68% and 30Y 5.25%.

3 Next official schedule

The next confirmed U.S. release is import and export prices on August 18 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
08-18 20:30 US U.S. import and export prices - July Time verified; not released at cutoff
08-21 22:00 US U.S. state employment and unemployment - July Time verified; not released at cutoff
09-01 22:00 US U.S. JOLTS - 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 99.58 99.67 / 99.85 99.29 / 99.10 Below 99.10
EUR/USD 1.1584 1.1588 / 1.1600 1.1581 / 1.1575 Below 1.1575
GBP/USD 1.3547 1.3555 / 1.3580 1.3543 / 1.3537 Below 1.3537
USD/JPY 159.36 159.60 / 159.85 159.30 / 159.00 Below 159.00
AUD/USD 0.7110 0.7116 / 0.7130 0.7104 / 0.7102 Below 0.7102
XAU/USD 4,430.00 4,436.50 / 4,460.00 4,415.90 / 4,366.50 Below 4,366.50

Released data

U.S. PPI - July Final demand unchanged m/m and +4.7% y/y; less foods, energy and trade +0.4% m/m and +4.7% y/y [S9]
U.S. CPI - July Headline +0.1% m/m, +3.4% y/y; core +0.2% m/m, +2.5% y/y [S10]
U.S. real earnings - July Real hourly earnings -0.1% m/m and -0.2% y/y; real weekly earnings unchanged m/m [S11]
U.S. Employment Situation - July Payrolls -23,000; unemployment 4.1%; hourly earnings +3.2% y/y [S12]

Conditional scenarios

Trigger Confirmation Invalidation Path
DXY above 99.85 Gold below 4,415.90 and EUR/USD below 1.1575 DXY below 99.10 A firmer dollar may pressure gold and non-dollar currencies.
DXY below 99.10 Gold above 4,436.50 and EUR/USD above 1.1588 DXY back above 99.85 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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