Weekly Market Wrap With Gary Thomson: GBP/USD, US Credit Rating, Gold, AMD

FXOpen


Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.

  • The GBP/USD Exchange Rate Falls to a Month’s Minimum
  • Fitch Downgrades US Credit Rating
  • Gold Starts August with a Sell-Off despite Bullish Headline
  • AMD Share Price on the Rise After Financial Statement Release

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This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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Defence Sector Shares Advance

Recent developments, including the operation in Venezuela and unrest in Iran, are driving gains in defence sector equities. This week in particular:

→ The US President proposed increasing the military budget from USD 901 billion in 2026 to USD 1.5

Forex Analysis

Market De-Risking Ahead of the US Employment Report: Euro and Pound Under Pressure

European currencies have retreated from local highs amid a decline in risk appetite and ahead of the release of key US labour market data. Market participants are opting to reduce exposure before the publication of the employment report, which could

Forex Analysis

AUD/USD Is Under Bearish Pressure

As indicated by the AUD/USD chart, the Australian dollar has fallen below the 0.6680 level today, with the decline from Wednesday’s high (A) exceeding 1.1%.

Key bearish drivers include:

Declining inflation expectations. Data released on Wednesday

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