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Eurozone inflation rose to 2.9%, and UK CPI hit 2.9%, keeping potential interest rate hikes on the table for central banks. In the United States, easing producer prices contrast with persistent core CPI pressures. The Federal Reserve's July minutes revealed ongoing debates regarding potential future tightening, while rising Treasury yields continue to pressure U.S. equities, prompting Treasury intervention through bond buybacks to stabilize borrowing costs.

Across financial assets and global trade, technical momentum and geopolitical risk are driving market movements. The U.S. Dollar Index (DXY) remains under pressure amid shifting rate expectations, benefiting the Euro as EUR/USD targets key resistance near 1.1800.

Precious metals have exhibited positive momentum, with Gold breaking out of its major downtrend toward the $4,770 level and Silver building momentum toward $72.

Broader cross-border tensions are intensifying as U.S.-Canada tariff negotiations stall, raising trade barrier concerns and inflation risks ahead of U.S. midterm elections. Looking forward, investor focus turns to upcoming flash PMIs, central bank communications from the Jackson Hole Symposium, and earnings from major technology firms leading corporate AI investment.

Weekly Bulletin (24 - 28 August) by ZitaPlus

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