Gold: the calm before the storm

• Citi believes that gold’s consolidation will end with a rise towards $4,500 per ounce.

• The precious metal managed to find a bottom thanks to strong Chinese demand and the uncertainty surrounding the Fed.

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⚠️ USA — JOLTs Job Openings at 03:00 GMT

✔️ Prev: 7540K

🕒 Exp: 7440K

🎯 Fact.: 7360K 📉

▶️ Platinum. 2026 Forecast

Today is Tuesday, the 4th of August. Let's talk about the platinum market. It's been a very long time since we covered this one. Let's look at the outlook through To the end of the year. So, I am now showing the monthly chart. This is the outlook and It gives us a view of the last six to eight years. Right, let's see what we've got. The first thing to note is that the growth we saw in 2025, which was absolutely explosive, came in three waves.

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▶️ Pro News Flash: The Yen Fights Back

💴 The Japanese Yen has rallied sharply after the first coordinated US and Japan currency intervention in 26 years, as authorities stepped in to halt its record weakness.

📊 The move triggered a wave of short covering, with hedge funds forced to unwind some of their largest bearish positions on the yen in years.

🏦 While the intervention has strengthened the currency, conflicting policies from the Japanese government and the Bank of Japan could make it difficult for the rally to last.

⚠️ Investors will now be watching whether Japan intervenes again and whether domestic investors begin bringing overseas capital back home, providing further support for the yen.

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CADJPY Wave Analysis – 4 August 2026

– CADJPY reversed from support zone

– Likely to rise to resistance level 113.30

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Platinum Wave Analysis – 4 August 2026

– Platinum broke resistance level 1680.00

– Likely to rise to resistance level 1835.00

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S&P 500 Wave Analysis – 4 August 2026

S&P 500: ⬆️ Buy

– S&P 500 broke resistance level 7600.0

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Alibaba Group Wave Analysis – 4 August 2026

Alibaba Group: ⬆️ Buy

– Alibaba Group broke resistance zone

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⚠️ New Zealand — Employment Change at 03:00 GMT

✔️ Prev: 0.2% | 0.4%

🕒 Exp: 0.1%

🎯 Fact.: 0.5% 📈 | 1.2%

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⚠️ New Zealand — Unemployment Rate at 03:00 GMT

✔️ Prev: 5.4%

🕒 Exp: 5.4%

🎯 Fact.: 5.6% 📉

🗓 Economic Calendar at 2026/08/06 (GMT)

08:00 🇪🇺 Services PMI — Exp: 51.6 Actual: 51.7

08:00 🇪🇺 PMI Composite — Exp: 51.9 Actual: 52.0

12:15 🇺🇸 ⚡️ ADP Non-Farm Employment Change — Exp: 68K Actual: 44K

14:00 🇺🇸 ⚡️ ISM Services PMI — Exp: 54.5 Actual: 54.1

14:30 🇺🇸 Crude Oil Inventories — Exp: -1500K Actual: 2479K

20:30 🇺🇸 President Donald Trump Speaks


[Updated in real time]

Major cryptos are gradually gaining momentum

Having risen steadily for the second day running, the crypto market capitalisation has returned to $2.19T, matching levels seen at the end of last week. Despite the weakened correlation between cryptocurrencies and US equities – and in many cases even a negative correlation – cryptocurrencies have nevertheless attracted buyer interest against a backdrop of a weakening dollar and falling oil prices. Looking at the broader picture, the battle for the 50-day moving average continues, meaning the market has yet to settle on a medium-term trend. Over the past day, popular coins ranged from -2.6% (Cardano) and -2.5% (NEAR Protocol, Stellar) to +2.4% (Basic Attention Token) and +6% (Zcash).

Bitcoin has risen to $64.3K, gaining momentum since Monday, when the bulls provided fairly strong support during the dip to local lows around $62.5K and pushed the price back above the 50-day moving average. For now, optimism is centred more on BTC than on the crypto market as a whole, which is typical of the early stages of a long-term market shift.

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Oil nearing a bad deal

US involvement in FX interventions has weakened the dollar.

Brent is banking on a de-escalation of the conflict in the Middle East.

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⚠️ USA — ADP Non-Farm Employment Change at 03:00 GMT

✔️ Prev: 95K

🕒 Exp: 68K

🎯 Fact.: 44K 📉

🇺🇸 US Pre-Market: Moderately Positive 📈

Moderately positive trends are prevailing in the US stock market pre-market.

In the Information Technology sector, NVIDIA (NVDA) is up 1.56%, Advanced Micro Devices (AMD) is down 7.80%, while Microsoft (MSFT) is up 0.55%.

In the Communication Services sector, Alphabet (GOOGL) is up 1.33%.

In the Consumer Discretionary sector, McDonald's (MCD) is up 0.51%, while Starbucks (SBUX) is up 0.65%.

With gains concentrated among market cap leaders in the technology sector, the market environment is more consistent with a risk-on mode: interest in risk assets remains strong, demand for the dollar as a safe-haven asset is subdued, and the short-term dollar trend appears largely neutral.

⚠️ USA — ISM Services PMI at 03:00 GMT

✔️ Prev: 54.0

🕒 Exp: 54.5

🎯 Fact.: 54.1 📉

🗓 Economic Calendar at 2026/08/07 (GMT)

12:30 🇺🇸 Unemployment Claims — Exp: 203K Actual: 199K

02:38 🇨🇳 Trade Balance — Exp: 108.6B | 735B Actual: 112.5B | 767B


[Updated in real time]

Crypto took the stock market rally with caution

The crypto market capitalisation has risen by 1% over the past day to $2.21T, returning to the levels seen at the end of last month. Over the past 24 hours, the top performers among the most actively traded altcoins were Theta (+5.6%), SushiSwap (+4.2%) and Aptos (+3.2%). The biggest declines were seen in Aave (-3.4%), Basic Attention Token (-3.2%) and Algorand (-2.7%). The recovery in risk appetite across global markets has once again had a knock-on effect on cryptocurrencies, as hopes for the imminent adoption of the CLARITY Act fade and shares are increasingly seen as a competitor, drawing interest and capital away from cryptocurrencies.

Bitcoin approached $65K, its highest level in five days. This achievement does not seem particularly significant against the backdrop of the impressive rally in US equity markets and the surge in precious metals prices on Wednesday. It appears that traders in the leading cryptocurrency do not consider this surge in risk appetite to be favourable for cryptocurrencies. In previous prolonged downtrends, confident buying by a broad range of participants began after the 200-day moving average turned upwards and the price consolidated above it. This approach does not allow one to buy at the lowest price, but it optimises the duration of the drawdown, given market uncertainty.

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