The greenback losing its daily gains after the most awaited fundamental release for the day, Fed Powell speech. The Federal Reserve Chairman J. Powell said ” economy to be eyed by the Central Bank and act as needed, but failed to give any clues on interest rate cuts. He also added that “We will act as appropriate to sustain the expansion, and the economy is in a ‘Favorable Place but the trade war make it complicated”. The U.S New home sales Change for the month of July dropped to -12.8% from 20.9% previous month and the New home sales dropped to 0.635M from 0.728M previous month. The U.S Dollar currently trading at 98.07 has already broken August 15th Low losing 0.30% for the day. The EURUSD trading near 1.11040, falls again into the consolidation region after the fake bearish breakout and rising 38% for the day.Once 1.11130 is broken, the market will open door for the bulls to lead up to 1.11500 area. Gold heading towards the August 15th high near 1527.00 after it breaks through the 1505.00 strong barrier which is been unbroken since the start of the week. Next week’s focus will be on U.S GDP.