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Euro flatlines amid mixed German data with all eyes on US Nonfarm Payrolls
The Euro (EUR) is trading flat around 1.1520 against the US Dollar (USD) on Friday, following a mild pullback from three-week highs at 1.1560 and on track for a minor weekly decline.
Fri, Aug 7
WTI Price Forecast: Growing internal war risks in Middle East support recovery to near $78
West Texas Intermediate (WTI), futures on NYMEX, extends Thursday’s recovery move slightly to near $77.80 during the day. The Oil price underperformed in the last two weeks on hopes of the Strait of Hormuz reopening, a critical chokepoint to almost 20% of global energy supply.
Fri, Aug 7
Euro: Rebound against US Dollar faces key cloud barrier – UOB
UOB Group’s Quek Ser Leang highlights that EUR/USD has staged a sharp rebound after drifting sideways, following a decline from January’s high to mid-June’s low.
Fri, Aug 7
Ondo Price Forecast: ONDO vulnerable to deeper losses amid CLARITY Act delay
Ondo (ONDO) is down over 2% on Friday, extending its 4% decline from the previous day, as the US Senate delays the floor vote on the crypto CLARITY Act to next month, weighing on Ondo. Retail demand for ONDO eases as Open Interest declines and funding rates turn negative.
Fri, Aug 7
Indonesian Rupiah strengthens as foreign inflows surge into Indonesian assets
USD/IDR has pared its recent gains from the previous day, trading around 17,940 during the Asian hours on Friday.
Fri, Aug 7
German Industrial Production rises 0.2% MoM in June, beats 0.1% estimates
Germany’s Industrial Production rises 0.2% Month-on-Month (MoM) in June, the latest data published by Destatis showed on Friday. The growth was faster than 0.1% estimates, but slower than the previous reading of 0.9%.
Fri, Aug 7
Ethereum Weekly Forecast: Calm before a bullish breakout
Ethereum (ETH) continues to trade sideways, hovering around $1,901 on Friday, hinting at a potential breakout ahead. Meanwhile, steady Exchange Traded Funds (ETFs) inflows and rising accumulation among large ETH holders suggest that bullish pressure could be building beneath the surface.
Fri, Aug 7
Indian Rupee trades calm ahead of US NFP data release
The Indian Rupee (INR) opens flat against the US Dollar (USD) on Friday in the countdown to the United States (US) Nonfarm Payrolls (NFP) data for July at 06:00 PM IST or 12:30 GMT.
Fri, Aug 7
USD/JPY Price Forecast: Consolidates near 158.55/38.2% Fibo. before the next leg up
The USD/JPY pair extends the range play through the Asian session on Friday, stalling this week's solid recovery from its lowest level since May, touched in the aftermath of a joint US-Japan intervention.
Fri, Aug 7
Swiss Franc weakens as increased risk aversion boosts safe-haven US Dollar
USD/CHF extends its gains for the second successive day, trading around 0.8130 during the Asian hours on Friday. The currency pair appreciates as the US Dollar (USD) gains strength, driven by renewed safe-haven demand amid escalating Middle East tensions.
Fri, Aug 7
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Friday, according to data compiled by FXStreet.
Fri, Aug 7
Saudi Arabia warns to step up attacks on Houthis – The Guardian
According to a report from The Guardian, Saudi Arabia aims to extend its military operations against Iran-aligned Houthis for attacking the Najran province, which is located in its southern region, and Yemeni government troops.
Fri, Aug 7
Crypto Overview: US Senate delays Clarity Act vote – Cardano and LayerZero sustain gains
Bitcoin (BTC) price holds steady above $64,000 on Friday, with the 50-day Exponential Moving Average (EMA) at $64,637 capping gains. The US Senate has delayed the floor vote for the Crypto Clarity Act after the summer recess, starting Monday.
Fri, Aug 7
Australian Dollar holds losses against Japanese Yen following China’s Trade Balance data
AUD/JPY halts its three-day winning streak, trading around 111.30 during the Asian hours on Friday. The currency cross depreciates as the Australian Dollar (AUD) loses ground, driven by a surge in global safe-haven demand.
Fri, Aug 7
British Pound remains weaker as UK-US yields narrow, US Dollar strengthens
GBP/USD extends its losses for the second consecutive day, trading around 1.3450 during the Asian hours on Friday. The pair depreciates as the British Pound (GBP) softens even as United Kingdom (UK) political risk fades.
Fri, Aug 7
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC under pressure, ETH trades sideways, XRP gravitates toward $1
Bitcoin (BTC) and Ethereum (ETH) remain under pressure on Friday after mild gains, while Ripple (XRP) slides over 5% so far this week. BTC faces rejection near a key resistance barrier, and ETH has been trading sideways for the last 22 days.
Fri, Aug 7
Silver Price Forecast: XAG/USD rises to near $62.20 in countdown to US NFP data
Silver price (XAG/USD) trades 1% higher to near $62.20 during the Asian trading session on Friday. The white metal rises ahead of the United States (US) Nonfarm Payrolls (NFP) data for July, which will be published at 12:30 GMT.
Fri, Aug 7
New Zealand Dollar hangs near weekly low after China's trade data as USD bulls await NFP
The NZD/USD pair sticks to a negative bias for the second consecutive day and trades near the lower end of its weekly range, around the 0.5865 region, during the Asian session on Friday.
Fri, Aug 7
China’s June Trade Balance: Surplus widens more than expected to $112.5 billion
China's Trade Balance for June, in US Dollar (USD) terms, arrives at $112.5 billion, higher than $107.0 billion expected, but lower than the prior release of 125.62 billion.
Fri, Aug 7
Tokenized RWAs gain ground in DeFi despite broader market slowdown — CoinShares
Tokenized real-world assets (RWAs) continued to expand their role across decentralized finance (DeFi) over the past year, defying a broader slowdown in crypto-native activity, according to a CoinShares report on Thursday.
Fri, Aug 7
