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USD/CHF Price Forecast: Bulls reclaim 0.8100 after SMA bounce
The USD/CHF snaps two days of losses and rises by over 0.60% on Thursday after solid US jobs data. Also, buyers stepped in at key support at the 50-day Simple Moving Average (SMA) of 0.8052, pushing the pair back above the 0.8100 threshold.
Thu, Aug 6
Dogecoin Price Forecast: DOGE sell-off seems unstoppable despite renewed retail interest
Dogecoin (DOGE) is trading under dominant selling pressure on Thursday, hovering below $0.0700, a recent support-turned-resistance level.
Thu, Aug 6
Oman-Iran plan blocks US, Israeli ships as Hormuz risks rise
Some details of the Oman and Iran plan to manage the Strait of Hormuz revealed that ships belonging to the US, Israel and other “hostile” countries will be prohibited.
Thu, Aug 6
Silver Price Forecast: US Dollar rebound pressures XAG/USD ahead of US jobs report
Silver (XAG/USD) trades lower at around $60.95 on Thursday at the time of press, down 1.73% on the day. The precious metal is facing profit-taking as the US Dollar (USD) regains momentum, with the US Dollar Index (DXY) advancing about 0.30% to trade near the psychological 100.00 level.
Thu, Aug 6
British Pound steadies despite strong US jobs data; up next NFP
The Pound Sterling holds firm against the US Dollar during the North American session on Thursday, after US jobs data reinforces the thesis that the labour market remains solid ahead of Friday’s Nonfarm Payrolls report. The GBP/USD trades at 1.3466, after bouncing off daily lows of 1.3404.
Thu, Aug 6
China: Consumption risks under stable unemployment – Standard Chartered
Standard Chartered economists Hunter Chan and Shuang Ding highlight that China’s urban surveyed unemployment rate has remained in a 5.0-5.4% range over the past three years, yet broader labour underutilisation has risen.
Thu, Aug 6
Canadian Dollar holds above 1.4000 as US and Canada jobs data loom
USD/CAD rebounds on Thursday after briefly slipping below the key 1.4000 support level, as the US Dollar (USD) snaps a two-day losing streak with traders repositioning ahead of Friday's employment reports from the United States (US) and Canada.
Thu, Aug 6
Gold holds near seven-week highs as Hormuz doubts revive risk premium
Gold (XAU/USD) extends Wednesday's 4% spike on Thursday, trading around $4,260 and holding near a seven-week high as a softer US Dollar (USD) and retreating Treasury yields reinforce the metal's recovery. What distinguishes Thursday's session is that Gold is climbing alongside Crude Oil rather than
Thu, Aug 6
Euro: Recovery stalls near 1.1550 resistance against US Dollar – Scotiabank
Scotiabank highlights that the Euro is slightly softer versus the Dollar after touching levels last seen in mid-June, with fundamentals still supportive as yield spreads turn. Spot has nearly converged with their fair value based on the 2-year Germany–US spread.
Thu, Aug 6
The RBI held at 5.25% and India attracted $41 billion: Why the Rupee still faces a ceiling
The Indian Rupee (INR) has found local support against the US Dollar (USD), with USD/INR easing to around 95.10 following the Reserve Bank of India’s (RBI) decision to hold its benchmark repo rate steady at 5.25% for a fourth consecutive meeting.
Thu, Aug 6
Japanese Yen falls as Initial Jobless claims hold tight
USD/JPY trades modestly higher near 158.20 on Thursday, extending a fourth session of Japanese Yen (JPY) softness as the pair claws back ground lost to last week's coordinated Japan-United States (US) intervention.
Thu, Aug 6
Pump.fun Price Prediction: PUMP trims gains amid fading retail interest
Pump.fun (PUMP) continues to face downward pressure, trading near $0.0023 at the time of writing on Thursday. Following a rejection below the $0.0026 supply zone on Wednesday, the native token of the meme coin launchpad has shed approximately 10% of its recent gains, weighing on investor sentiment.
Thu, Aug 6
Indian Rupee: Foreign inflows to aid INR against US Dollar – ING
ING economists Deepali Bhargava and Lynn Song note that the Indian Rupee (INR) has given back much of its June gains as US–Iran tensions and rising Oil prices hurt sentiment.
Thu, Aug 6
Why is Gold surging toward $4,300 as the US Dollar and Treasury yields ease?
Gold (XAU/USD) has staged a dramatic rebound, surging over 4% on Wednesday to move within striking distance of the $4,300/oz threshold.
Thu, Aug 6
United Kingdom: Confidence may unlock household spending – Rabobank
Rabobank’s Stefan Koopman analyses United Kingdom demand prospects under Prime Minister Burnham’s shift from “securonomics” to “vibonomics”. The report argues that elevated household saving and weak confidence leave scope for a temporary consumption boost if sentiment improves.
Thu, Aug 6
Australia's AAA credit was just reaffirmed: Why the Australian Dollar still faces growth headwinds
The Australian Dollar (AUD) is balancing solid long-term fiscal fundamentals against near-term growth headwinds and shifting central bank expectations.
Thu, Aug 6
EUR/USD Price Forecast: Buyers challenge 100-day SMA as momentum turns bullish
EUR/USD trades on the back foot on Thursday, snapping a two-day winning streak as the US Dollar (USD) steadies. Still, the near-term technical picture remains bullish following the late-July rebound from below 1.1400. At the time of writing, the pair trades around 1.1534, down 0.15% on the day.
Thu, Aug 6
Canadian Dollar: Gains hinge on 1.3970 against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is effectively flat versus the US Dollar (USD) but modestly outperforming other majors, trading close to their fair value estimate around 1.40.
Thu, Aug 6
Copper: Tight supply keeps prices elevated – ING
ING analysts Warren Patterson and Ewa Manthey report Copper prices trading above $14,000/t on the LME and near record levels on Comex, driven by metal diversion into the US ahead of potential tariff decisions.
Thu, Aug 6
New Zealand Dollar slips as safe-haven demand lifts the US Dollar
NZD/USD trades around 0.5880 on Thursday at the time of writing, down 0.10% on the day. The pair remains under pressure as renewed demand for the US Dollar (USD) emerges, with investors seeking safe-haven assets amid fresh geopolitical tensions in the Middle East.
Thu, Aug 6
