Gold hovered near $3,320, close to a three-week low as easing trade fears reduced demand. Attention turns to the Fed’s statement and Powell’s comments, especially with recent U.S. data showing softer job openings and stronger confidence.

Bitcoin stayed near $118,000 after retreating from $122,000. The trend remains bullish, backed by the 200-day average at $98,300. Resistance is near $120,000; support around $109,000.

The yen firmed toward 148 as the dollar softened before the Fed meeting. The BOJ may raise its inflation outlook, but is expected to keep rates steady. Political pressure continues on PM Ishiba.

WTI crude held above $69, supported by risks tied to U.S. threats against Russia. Gains were capped by a surprise 1.5M-barrel rise in U.S. stockpiles. The U.S.-EU deal helped ease broader concerns.

Futures were steady ahead of the Fed decision, with markets eyeing possible September cuts. Strong earnings lifted Starbucks nearly 5%, while Visa dropped over 2%.

The offshore yuan hovered near 7.17 after “constructive” U.S.-China talks in Sweden. Both sides aim to extend the tariff truce before the August 12 deadline, pending Trump’s approval.

Please refer to the file for further analysis.