FXStreet
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FXStreet is made up of a team of approximately 60 people, 30 of them working from the head office in Barcelona. The rest of the staff is working from around the world.
Gold Price Forecast: XAU/USD remains bullish, pushing against $4,380 resistance
Gold holds gains around $4,350, with two-month highs at $4,380 under pressure.
Mon, Aug 10
US Dollar: Softer labor data supports downside – BNY
BNY’s Geoff Yu and David Tam note that weaker United States (US) labor data have lowered real-rate expectations and extended the Dollar decline, creating a more supportive environment for risk assets and duration.
Mon, Aug 10
Crypto Today: Bitcoin, Ethereum, XRP eye short-term recovery amid ETF inflows
Cryptocurrency prices are gaining traction on Monday, with Bitcoin (BTC) trading above $65,000, Ethereum (ETH) holding the near-term $1,900 support and Ripple (XRP) hovering above the critical $1.00 demand zone.
Mon, Aug 10
Bitcoin volatility is in meltdown, but downside protection still commands a premium
Bitcoin’s price has stopped falling in recent weeks, and while it looks as though options traders aren’t expecting any big moves in either direction in the next few weeks, protection against declines is still not cheap.
Mon, Aug 10
Experts agree: The US Dollar rally migh have come to an end
The US Dollar Index (DXY) consolidates losses, trading below 100.00 at the time of writing on Monday, holding near its lowest levels since mid-June.
Mon, Aug 10
British Pound tests 1.3500 as US Dollar struggles to shake off NFP shock
GBP/USD trades around 1.3495 on Monday at the time of writing, up a modest 0.04% on the day. However, the pair struggles to hold firmly above the psychological 1.3500 level after benefiting on Friday from a decline in the US Dollar (USD) triggered by disappointing United States (US) employment data.
Mon, Aug 10
Worldcoin Price Forecast: WLD advances on Eightco buying, firm retail demand
Worldcoin (WLD) is up 12% so far on Monday, advancing the mild gains from the previous day.
Mon, Aug 10
Norwegian Krone: Policy hold guidance in focus – Nomura
Nomura’s Josie Anderson, George Buckley and Andrzej Szczepaniak expect Norges Bank to keep its policy rate at 4.25% at the August meeting, citing softer underlying inflation and benign domestic data.
Mon, Aug 10
CEE FX: Data-heavy week under global pressure – ING
ING’s Frantisek Taborsky highlights a busy Central and Eastern Europe calendar with Czech inflation, Turkey’s inflation report and key Polish data, including GDP and core inflation.
Mon, Aug 10
Bitcoin Price Forecast: Bulls regain ground as BTC reclaims $65,000
Bitcoin (BTC) holds above $65,000 at the time of writing on Monday, after recovering more than 2% last week, with bulls finding support around the 200-week Simple Moving Average (SMA). Strong spot Exchange Traded Funds (ETFs) inflows point to renewed institutional demand.
Mon, Aug 10
Euro: Fed repricing supports gains against US Dollar – Societe Generale
Societe Generale strategists highlight that EUR/USD has squeezed above key resistance as Dollar weakness follows softer United States (US) employment data and reduced odds of a September Fed hike. The pair is seen slightly expensive versus nat gas but near fair value on 2-year spreads.
Mon, Aug 10
Australian Dollar: Hawkish RBA hold supports carry – BBH
Brown Brothers Harriman’s Elias Haddad notes that the Australian Dollar (AUD) remains one of the most attractive G10 currencies thanks to favorable carry and a hawkish Reserve Bank of Australia (RBA).
Mon, Aug 10
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Monday, according to FXStreet data. Silver trades at $64.24 per troy ounce, up 1.08% from the $63.55 it cost on Friday.
Mon, Aug 10
Canadian Dollar: Recovery against US Dollar faces tariff risks – Commerzbank
Michael Pfister at Commerzbank highlights a strong Canadian labour market and improving Gross Domestic Product (GDP), Purchasing Managers' Index (PMI) and exports as signs of real-economy recovery, but warns this is fragile due to threatened US tariffs.
Mon, Aug 10
Brent: Iran talks keep risk premium in focus – Deutsche Bank
Deutsche Bank strategists highlight that negotiations between Iran and Oman over a new shipping framework through the Strait of Hormuz remain finely balanced, with Tehran linking any lasting arrangement to broader demands on the US.
Mon, Aug 10
New Zealand Dollar stalls below 0.5900 as US Dollar regains safe-haven appeal
NZD/USD trades around 0.5895 on Monday at the time of writing, virtually unchanged on the day.
Mon, Aug 10
Romanian Leu: Rating relief but NBR stays cautious – ING
ING’s Frantisek Taborsky says Romania’s unchanged Baa3 rating at Moody’s and prior Fitch decision should ease pressure after recent ROMGBs underperformance.
Mon, Aug 10
Euro advances against Canadian Dollar as Eurozone Investor Confidence rises in August
EUR/CAD inches higher after three days of losses, trading around 1.6120 during the European hours on Monday. The currency cross is holding its ground, driven primarily by a resilient Euro (EUR) following positive Eurozone economic sentiment.
Mon, Aug 10
Euro holds gains near seven-week highs as economic sentiment improves
The Euro (EUR) ticks higher against a softer US Dollar (USD) on Monday, with the EUR/USD pair trading at the 1.1560 area at the time of writing, consolidating gains a few pips below seven-week highs at 1.1773.
Mon, Aug 10
USD/CHF Price Forecast: Struggles below 0.8100 as bears eye 50-SMA pivotal support
The USD/CHF pair struggles to attract any meaningful buyers and remains on the back foot below the 0.8100 mark through the first half of the European session on Monday.
Mon, Aug 10
