CWG Market Update: Dollar Index Falls Near 98.8, Gold Holds Above 4,500; Markets Focus on Employment Data
At the 09:00 Beijing cutoff, spot-gold bid was 4,509.90 and delayed DXY was 98.80. EUR/USD, GBP/USD, AUD/USD and USD/JPY were 1.1690, 1.3637, 0.7123, 159.09. Source timestamps differ; this is not a sy
Market overview
At the 09:00 Beijing cutoff, spot-gold bid was 4,509.90 and delayed DXY was 98.80. EUR/USD, GBP/USD, AUD/USD and USD/JPY were 1.1690, 1.3637, 0.7123, 159.09. Source timestamps differ; this is not a synchronized snapshot.
Key takeaway
July U.S. import and export prices are confirmed: Import prices -0.4% m/m and +5.9% y/y; export prices -1.3% m/m and +8.2% y/y. Gold was near the middle of its verified day range; subsequent direction in the dollar, gold and major FX pairs still needs live confirmation.
Core market data
| Asset | Latest | Change | Interpretation |
|---|---|---|---|
| XAU/USD | 4,509.90 | -8.30 (-0.18%) | spot gold bid; support 4,490.00 / 4,449.80; resistance 4,541.70 / 4,560.00.
[S1] 2026-08-21 08:48 Beijing Time (Aug 20 20:48 NY Time) · verified
|
| DXY | 98.80 | -0.09 (-0.09%) | delayed U.S. Dollar Index cash-index reference; support 98.80 / 98.50; resistance 98.90 / 99.10.
[S2] 2026-08-21 07:47 Beijing Time (Aug 20 19:47 EDT) · verified
|
| EUR/USD | 1.1690 | +0.0011 (+0.09%) | spot FX reference quote; support 1.1679 / 1.1677; resistance 1.1693 / 1.1710.
[S3] 2026-08-21 08:24 Beijing Time (Aug 20 20:24 EDT) · verified
|
| GBP/USD | 1.3637 | +0.0007 (+0.05%) | spot FX reference quote; support 1.3630 / 1.3624; resistance 1.3648 / 1.3670.
[S4] 2026-08-21 09:00 Beijing Time (Aug 20 21:00 EDT) · verified
|
| AUD/USD | 0.7123 | +0.0011 (+0.15%) | spot FX reference quote; support 0.7112 / 0.7107; resistance 0.7126 / 0.7140.
[S5] 2026-08-21 08:54 Beijing Time (Aug 20 20:54 EDT) · verified
|
| USD/JPY | 159.09 | +0.03 (+0.02%) | spot FX reference quote; support 159.06 / 158.87; resistance 159.13 / 159.40.
[S6] 2026-08-21 08:54 Beijing Time (Aug 20 20:54 EDT) · verified
|
Market review
July U.S. import and export prices were Import prices -0.4% m/m and +5.9% y/y; export prices -1.3% m/m and +8.2% y/y. Latest official H.15 closes: 2Y 4.19%, 10Y 4.65% and 30Y 5.19%.
Trade prices confirmed
July U.S. import and export prices were Import prices -0.4% m/m and +5.9% y/y; export prices -1.3% m/m and +8.2% y/y. No unverified forecast is added.
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
Gold range
Gold bid is 4,509.90 within the verified 4,449.80-4,541.70 day range.
Treasury curve
Latest official closes are 2Y 4.19%, 10Y 4.65% and 30Y 5.19%.
Next official schedule
The next confirmed U.S. release is scheduled for 08-21 22:00 Beijing Time; no actual value is available yet.
Economic calendar - confirmed times only
| Beijing time | Region | Confirmed event | Status |
|---|---|---|---|
| 08-21 22:00 | US | U.S. state employment and unemployment - July | Time verified; not released at cutoff |
| 08-26 22:00 | US | Access to and Use of Leave - 2024-2025 | Time verified; not released at cutoff |
| 09-01 22:00 | US | U.S. JOLTS - July | Time verified; not released at cutoff |
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 | 98.80 | 98.90 / 99.10 | 98.80 / 98.50 | Below 98.50 |
| EUR/USD | 1.1690 | 1.1693 / 1.1710 | 1.1679 / 1.1677 | Below 1.1677 |
| GBP/USD | 1.3637 | 1.3648 / 1.3670 | 1.3630 / 1.3624 | Below 1.3624 |
| USD/JPY | 159.09 | 159.13 / 159.40 | 159.06 / 158.87 | Below 158.87 |
| AUD/USD | 0.7123 | 0.7126 / 0.7140 | 0.7112 / 0.7107 | Below 0.7107 |
| XAU/USD | 4,509.90 | 4,541.70 / 4,560.00 | 4,490.00 / 4,449.80 | Below 4,449.80 |
Released data
| U.S. import and export prices - July | Import prices -0.4% m/m and +5.9% y/y; export prices -1.3% m/m and +8.2% y/y | [S13] |
| 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. Employment Situation - July | Payrolls -23,000; unemployment 4.1%; hourly earnings +3.2% y/y | [S12] |
Conditional scenarios
| Trigger | Confirmation | Invalidation | Path |
|---|---|---|---|
| DXY above 99.10 | Gold below 4,490.00 and EUR/USD below 1.1677 | DXY below 98.50 | A firmer dollar may pressure gold and non-dollar currencies. |
| DXY below 98.50 | Gold above 4,541.70 and EUR/USD above 1.1693 | DXY back above 99.10 | 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.
