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South Africa's jobless rate decreased in the three months ended June, data from Statistics South Africa showed on Tuesday.

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The update to the US Personal Consumption Expenditure (PCE) Price Index may curb the weakness in the price of gold as the report is anticipated to show a slowdown in inflation.

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Fed speakers are expected to deploy an aggressive hawkish tone this week.

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Risk assets sank this week as USD strength rattled markets. Bitcoin and Ethereum surrender August gains. US data and Jackson hole could drive prices in either direction.

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The Euro, along with a range of other majors, is looking fairly helpless in the face of a rampant US dollar with parity – EUR/USD 1.000 - unlikely to hold the latest sell-off. The daily price is breaking support level at 1.007 to below for the primary bearish trend to be continuing with 0.995 possible target. Alternatively, the price will be bounced from the next dynamic support level to above for the bear matket rally to be started.

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