CWG Insights: U.S. Dollar Index Falls Back Near 99.4, Gold Rebounds Above 4,450; Markets Focus on U.S. Employment and Manufacturing Data
At the 08:57 Beijing cutoff, spot-gold bid was 4,456.30 and delayed DXY was 99.39. EUR/USD, GBP/USD, AUD/USD and USD/JPY were 1.1621, 1.3553, 0.7174, 159.78. Source timestamps differ; this is not a sy
Market overview
At the 08:57 Beijing cutoff, spot-gold bid was 4,456.30 and delayed DXY was 99.39. EUR/USD, GBP/USD, AUD/USD and USD/JPY were 1.1621, 1.3553, 0.7174, 159.78. 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 upper end 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 | 4,456.30 | +9.20 (+0.21%) | spot gold bid; support 4,447.10 / 4,395.80; resistance 4,472.70 / 4,500.00.
[S1] 2026-09-01 04:54:56 Beijing Time (2026-08-31 20:54:56 UTC) · verified
|
| DXY | 99.39 | -0.221 (-0.22%) | delayed U.S. Dollar Index reference; backup source; support 99.35 / 99.25; resistance 99.43 / 99.61.
[S2] 2026-09-01 08:47:55 Beijing Time · verified
|
| EUR/USD | 1.1621 | +0.0027 (+0.23%) | FX reference quote; backup source; support 1.1616 / 1.1594; resistance 1.1628 / 1.1645.
[S3] 2026-09-01 08:57:49 Beijing Time · verified
|
| GBP/USD | 1.3553 | +0.0011 (+0.08%) | FX reference quote; backup source; support 1.3544 / 1.3529; resistance 1.3560 / 1.3575.
[S4] 2026-09-01 08:57:49 Beijing Time · verified
|
| AUD/USD | 0.7174 | +0.0011 (+0.15%) | FX reference quote; backup source; support 0.7167 / 0.7157; resistance 0.7183 / 0.7202.
[S5] 2026-09-01 08:56:49 Beijing Time · verified
|
| USD/JPY | 159.78 | -0.192 (-0.12%) | FX reference quote; backup source; support 159.63 / 159.50; resistance 159.84 / 160.20.
[S6] 2026-09-01 08:57:57 Beijing Time · 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 4.20%, 10Y 4.67% 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 4,456.30 within the verified 4,395.80-4,472.70 day range.
Treasury curve
Latest official closes are 2Y 4.20%, 10Y 4.67% and 30Y 5.19%.
Next official schedule
The next confirmed U.S. release is scheduled for 09-01 22:00 Beijing Time; no actual value is available yet.
Economic calendar - confirmed times only
| Beijing time | Region | Confirmed event | Status |
|---|---|---|---|
| 09-01 22:00 | US | U.S. JOLTS - July 2026 | Time verified; not released at cutoff |
| 09-01 22:00 | US | U.S. ISM Manufacturing PMI - August 2026 | Time verified; not released at cutoff |
| 09-02 22:00 | US | U.S. metropolitan-area employment and unemployment - July 2026 | 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 | 99.39 | 99.43 / 99.61 | 99.35 / 99.25 | Below 99.25 |
| EUR/USD | 1.1621 | 1.1628 / 1.1645 | 1.1616 / 1.1594 | Below 1.1594 |
| GBP/USD | 1.3553 | 1.3560 / 1.3575 | 1.3544 / 1.3529 | Below 1.3529 |
| USD/JPY | 159.78 | 159.84 / 160.20 | 159.63 / 159.50 | Below 159.50 |
| AUD/USD | 0.7174 | 0.7183 / 0.7202 | 0.7167 / 0.7157 | Below 0.7157 |
| XAU/USD | 4,456.30 | 4,472.70 / 4,500.00 | 4,447.10 / 4,395.80 | Below 4,395.80 |
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 99.61 | Gold below 4,447.10 and EUR/USD below 1.1594 | DXY below 99.25 | A firmer dollar may pressure gold and non-dollar currencies. |
| DXY below 99.25 | Gold above 4,472.70 and EUR/USD above 1.1628 | DXY back above 99.61 | 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.
