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Ripple Price Forecast: XRP clings to $1.00 support level amid declining exchange balance
Ripple (XRP) regains support at $1.00 on Wednesday, following the headwinds experienced the day before. Near-term support around $0.99 encouraged investors to reengage, supported by the return of inflows into spot Exchange-Traded Funds (ETFs).
Wed, Aug 19
Canada: EU protectionist shift challenges diversification – NBC
National Bank of Canada’s (NBC) Angelo Katsoras argues that Canada’s push to diversify exports away from the United States (US) toward the European Union (EU) faces growing obstacles as EU industrial policy turns more protectionist.
Wed, Aug 19
Japanese Yen gains as US Dollar retreats ahead of FOMC Minutes
USD/JPY edges lower on Wednesday as the US Dollar (USD) loses momentum and retreats toward the June lows touched earlier this week. At the time of writing, the pair trades around 159.10, down 0.32% on the day.
Wed, Aug 19
US Dollar: Fed minutes watched as rate doubts grow – Commerzbank
Commerzbank’s Antje Praefcke says markets will scrutinize the latest Fed minutes for clues on how close policymakers remain to another rate hike after weaker US labour and inflation data reduced expectations for a hike by year-end.
Wed, Aug 19
Crypto Today: Bitcoin, Ethereum, XRP defend key support as ETF inflows return
Bitcoin’s (BTC) upside remains capped on Wednesday while the downside appears strongly supported above $64,000. The Crypto King’s early week rebound lost momentum near $65,000 as investors assessed the impact of geopolitical tensions in the Middle East.
Wed, Aug 19
Indonesian Rupiah: Policy continuity supports currency – Societe Generale
Societe Generale analysts Galvin Chia and Kunal Kundu note that Bank Indonesia kept the BI rate at 5.75%, with deposit and lending facility rates unchanged, reinforcing Rupiah stability and inflation control.
Wed, Aug 19
Gold Price Forecast: XAU/USD bounces to $4,370, but upside momentum is fading
Gold (XAU/USD) trades moderately higher on Wednesday and returns to the $4,370 area, after finding buyers near the $4,300 area on Tuesday.
Wed, Aug 19
WTI Price Forecast: Needs decisive break above $85 for fresh advance
West Texas Intermediate (WTI), futures on NYMEX, trade 0.55% higher at around $84.80 during the European trading session on Wednesday.
Wed, Aug 19
Silver has rebounded to $63, but inflationary risks hold buyers back
Silver (XAG/USD) stabilizes around $63.45 on Wednesday, up 0.16% on the day at the time of writing. The white metal is attempting to regain its footing after hitting an intraday low of $62.19, initially extending the pullback that followed Tuesday’s rejection from the $66.50 area.
Wed, Aug 19
British Pound: Carry appeal keeps Sterling resilient as BoE stays on hold – ING
ING’s Chris Turner, citing UK economist James Smith, notes that July United Kingdom (UK) Consumer Price Index (CPI) had limited impact on EUR/GBP, with benign food inflation and only a modest uptick in the Bank of England’s core services measure to 3.8%.
Wed, Aug 19
Gold finds support as US Dollar retreats ahead of Fed Minutes
Gold (XAU/USD) regains ground on Wednesday after falling nearly 2% on the previous day. A softer US Dollar (USD) and a modest pullback in long-term US Treasury yields lend support to the precious metal. At the time of writing, XAU/USD trades around $4,366, up 0.75% on the day.
Wed, Aug 19
US Dollar: Exposure normalizes as real rates fall – BNY
BNY’s Geoff Yu highlights that international investors are aggressively cutting Dollar exposure as real-yield support erodes following the July FOMC meeting. The bank sees the Dollar decline as a normalization of previously extreme U.S. asset holdings rather than a collapse in U.S. exceptionalism.
Wed, Aug 19
Australian Dollar ticks up from intra-week lows with all eyes on Fed minutes
The Australian Dollar (AUD)has bounced up from intra-week lows against the US Dollar (USD) on Friday, although the daily chart remains negative.
Wed, Aug 19
GBP/USD Price Forecast: More upside expected above 1.3570
The British Pound (GBP) is up 0.2% to near 1.3557 against the US Dollar (USD) during the European trading session on Wednesday.
Wed, Aug 19
Australian Dollar: RBA seen sidelined on softer wages – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports the Australian Dollar is underperforming as bond yields fall after Q2 wage growth matched expectations. Haddad argues this outcome will keep the RBA on hold, with private sector wage gains at a four‑year low.
Wed, Aug 19
Euro steadies against Japanese Yen as ECB, BoJ rate-hike bets collide
EUR/JPY trades around 184.70 on Wednesday at the time of writing, edging 0.03% lower on the day.
Wed, Aug 19
Brazilian Real: Election risks then renewed gains – Commerzbank
Commerzbank FX analysts Norman Liebke and Michael Pfister see the Brazilian Real (BRL) supported by the Brazilian Central Bank’s (BCB) hawkish stance and still-elevated real interest rates.
Wed, Aug 19
Euro extends gains against British Pound as Eurozone inflation accelerates
The Euro (EUR) trades higher against the British Pound (GBP) on Wednesday, on track for a five-day winning streak, and received additional support after Eurozone final inflation figures confirmed higher price pressures in July.
Wed, Aug 19
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $63.10 per troy ounce, down 0.38% from the $63.35 it cost on Tuesday.
Wed, Aug 19
United Kingdom: Upside risks building for inflation – Deutsche Bank
Deutsche Bank’s Chief United Kingdom (UK) Economist Sanjay Raja notes that UK inflation data for July broadly matched expectations, with headline Consumer Price Index (CPI) rising and core CPI steady.
Wed, Aug 19
