FXStreet
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Dow Jones futures steady as Nvidia earnings, AI stocks drive focus
Dow Jones futures remain steady near 45,500 during European hours on Wednesday, ahead of the opening of the United States (US) regular markets. Moreover, the S&P 500 futures and the Nasdaq 100 futures hold ground near 6,480 and 23,590, respectively.
Wed, Aug 27
Pepe Price Forecast: On-chain, derivatives data signal downside risk
Pepe (PEPE) edges higher by nearly 1% at press time on Tuesday, after the 9.88% drop on Monday. The meme coin fell under the $0.00001000 psychological level on Monday, with bears anticipating an extended downfall. Both the on-chain and derivatives suggest an underlying weakness that could promote fu
Tue, Aug 26
WTI edges higher above $64.50 amid supply concerns, potential US Fed rate cut
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.60 during the early Asian trading hours on Tuesday. The WTI extends the rally due to a pause in negotiations for a peace deal between Russia and Ukraine. Traders await the American Petroleum Institute (API) weekly crude
Tue, Aug 26
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC and XRP hover near key supports while ETH consolidates after record highs
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) start this week on a cautious note as traders eye critical levels. BTC and XRP are holding support around key zones, while ETH consolidates just below record highs, leaving the market at a potential turning point.
Mon, Aug 25
Fed’s Musalem: More data is needed to decide whether a September rate cut is warranted
St. Louis Federal Reserve President Alberto Musalem said on Friday he will need more data before deciding to support a rate cut at the September meeting, warning inflation remains above the Fed's 2% targe, per Reuters.
Mon, Aug 25
ECB’s Lagarde: Europe labor market in surprisingly good condition
European Central Bank (ECB) President Christine Lagarde spoke on Saturday at the US Federal Reserve's annual symposium in Jackson Hole, Wyoming.
Mon, Aug 25
GBP: Inflation remains too high
At first glance, yesterday's British inflation figures for July were clear: service inflation was two-tenths, while core and headline inflation were each one-tenth higher than expected.
Thu, Aug 21
US President Trump calls on Fed Governor Cook to resign
In a post published on Truth Social on Wednesday, United States (US) President Donald Trump called on Federal Reserve Governor Lisa Cook to resign, providing a link to a Bloomberg article that is titled "Trump Ally Calls on Bondi to Probe Fed’s Cook Over Mortgages." "The director of the Federal Hous
Wed, Aug 20
Gold hits three-week low as USD steadies and Russia-Ukraine peace hopes rise
Gold (XAU/USD) hits a nearly three-week low during the Asian session on Wednesday, with the bears now awaiting a sustained break below the 100-day Simple Moving Average (SMA) before positioning for further losses.
Wed, Aug 20
USD/INR bounces back as FIIs continue to pare stake in Indian stock market
The Indian Rupee (INR) opens lower against the US Dollar (USD) on Wednesday after a three-day winning streak. The USD/INR rebounds to near 87.30 as the consistent outflow of foreign funds from Indian stock markets, despite the announcement of Goods and Services Tax (GST) reforms by the government,
Wed, Aug 20
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP key supports break as correction deepens
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) all closed below key support zones as the correction deepens this week. BTC has fallen under its ascending trendline, and ETH slipped below the critical level with eyes on levels below $4,000.
Wed, Aug 20
Gold lacks bullish conviction amid reduced Fed rate-cut bets and peace hopes
Gold (XAU/USD) attracts some dip-buying during the Asian session on Tuesday and moves away from an over two-week low touched the previous day.
Tue, Aug 19
Silver Price Forecast: XAG/USD appreciates beyond $38.00 but lacks bullish momentum
Silver (XAG/USD) has trimmed some losses in a cautious market session, returning above $the $38.00 level on Monday. A moderate risk aversion as traders await the outcome of the Trump-Zelenskyy meeting is buoying precious metals. Silver, nevertheless, is lacking a clear bullish momentu
Mon, Aug 18
Gold rebounds from two-week low ahead of Trump-Zelensky meeting
Gold (XAU/USD) rebounds swiftly from over a two-week low, around the $3,324-3,323 area touched during the Asian session on Monday, and touches a fresh daily top in the last hour.
Mon, Aug 18
Fed to cut funds rate once or twice this year
67 out of 100 economists who took part in a recently conducted Reuters poll said that the Federal Reserve (Fed) will cut the policy rate by 25 basis points to the range of 4%-4.25% at the September policy meeting.
Fri, Aug 15
Japanese Yen rallies to multi-week high against a broadly weaker USD
The Japanese Yen (JPY) prolongs its uptrend against a broadly weaker US Dollar (USD) for the third straight day and spikes to over a three-week high during the Asian session on Thursday.
Thu, Aug 14
Google clarifies non-custodial wallets not part of recent ban on unlicensed crypto exchanges and wallets
Google Play released a policy statement on Wednesday, requiring crypto exchange and wallet developers to register with regulatory agencies before it will list their apps on its platform. The company added that non-custodial wallets do not fall under the new policy.
Thu, Aug 14
Bitcoin hits new all-time high, blows past $123,200 as soft CPI fuels demand
Bitcoin reached a new all-time high on Wednesday, one month after establishing a similar record in July. The rally comes follows a soft Consumer Price Index (CPI) index print on Tuesday, which fueled hopes for a rate cut in the next Federal Open Market Committee (FOMC) meeting in September.
Thu, Aug 14
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US inflation figures interpreted as dovish – Commerzbank
Yesterday's eagerly awaited US inflation figures led to a significant weakening of the USD. Rather than heading towards 1.16, EUR/USD is back on track for 1.17 this morning, Commerzbank's FX analyst Michael Pfister notes.
Wed, Aug 13
US Dollar Index loses traction to near 98.00 as traders ramp up Fed cut bets
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades in negative territory near 98.00 during the Asian trading hours on Wednesday. The DXY extends the decline due to the prospect of an imminent Federal Reserve (Fed) rate cu
Wed, Aug 13
