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Pi Network Price Forecast: PI recovery trend faces headwinds near the $0.10 threshold
Pi Network (PI) edges higher on Thursday, extending its stalled recovery phase as buyers struggle to reclaim the $0.10 level. The broader cryptocurrency market's risk-on sentiment is moderating, while social chatter surrounding Pi Network remains muted, weighing on its extended recovery prospects.
Thu, Sep 10
Forex Today: ECB rate decision, US producer inflation data to lift volatility
Here is what you need to know on Thursday, September 10:
Thu, Sep 10
Dow Jones futures gain ahead of US PPI data
Dow Jones futures advance by 0.36% to trade above 52,600 during European hours on Thursday. Meanwhile, S&P 500 futures gain by 0.22% to trade above 7,650, while Nasdaq 100 futures inch lower by 0.04% to trade near 29,430.
Thu, Sep 10
NZD/USD Price Forecast: Bears remain in control with 0.5800 support eyed
The New Zealand Dollar (NZD) nudges higher against a depressed US Dollar (USD) on Thursday, but keeps its near-term bearish trend intact as high Oil prices and surging global yields keep market sentiment subdued.
Thu, Sep 10
Italy Industrial Output s.a. (MoM) came in at 0.7%, above forecasts (0.3%) in July
Thu, Sep 10
Italy Industrial Output w.d.a (YoY) came in at 0%, above expectations (-0.6%) in July
Thu, Sep 10
European Central Bank to resume interest rate hikes in September as inflation, energy risks rise
The European Central Bank (ECB) is expected to raise the interest rate on the Main Refinancing Operations and the Deposit Facility by 25 basis points (bps) to 2.65% and 2.50%, respectively. The ECB will announce the decision on Thursday at 12:15 GMT.
Thu, Sep 10
Japanese Yen: Structural support from regional flows – BNY
BNY’s Geoff Yu notes that Japanese Yen (JPY) strength is reshaping APAC (Asia-Pacific) FX dynamics by easing prior effective exchange rate pressures and allowing more nominal appreciation in regional currencies.
Thu, Sep 10
Australian Dollar struggles for direction against US Dollar with US PPI in focus
The Australian Dollar (AUD) trades in a tight range at around 0.7215 against the US Dollar (USD) during the European trading session on Thursday.
Thu, Sep 10
Pepe Price Forecast: Whale distribution, mixed derivatives cap recovery
Pepe (PEPE) remains under pressure, trading around $0.00000348 at the time of writing on Thursday after being rejected at a key resistance zone. Santiment data shows whale distribution, potentially fueling near-term selling pressure and capping PEPE.
Thu, Sep 10
US Dollar Index Price Forecast: Holds losses below 99.00 as bearish bias prevails
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground for the fourth successive day and trading around 98.70 during the European hours on Thursday.
Thu, Sep 10
European Central Bank: Higher energy lifts rate hike expectations – Deutsche Bank
Deutsche Bank reports that rising Oil and natural gas prices are pushing European yields to multi‑year highs and prompting markets to price a more hawkish European Central Bank path.
Thu, Sep 10
WTI falls below $93.50 on profit-taking, continued US-Iran tensions in focus
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $93.20 during the early European trading hours on Thursday. WTI falls as traders book some profits.
Thu, Sep 10
Silver Price Forecast: XAG/USD awaits acceptance above $68.00 before the next leg up
Silver (XAG/USD) struggles to capitalize on a modest intraday uptick to the $68.00 neighborhood and trades near the lower end of its daily range during the early European session on Thursday.
Thu, Sep 10
Indonesian Rupiah faces challenges due to higher oil prices
USD/IDR gains after two days of losses, trading around 17,570 during the early European hours on Thursday. The pair gains upward momentum as the Indonesian Rupiah (IDR) faces pressure from elevated oil prices, which strain fiscal conditions given Indonesia's status as a net oil importer.
Thu, Sep 10
Euro wavers around 0.8590 against British Pound with all eyes on the ECB
The Euro (EUR) is trading sideways in a 15-pip range, roughly between 0.8580 and 0.8595 against the British Pound (GBP) on Thursday.
Thu, Sep 10
Equities: Stagflation pattern weighs on stocks – Danske Bank
Danske Research Team reports that global equities fell as higher energy prices, rising bond yields and a smaller-than-hoped US Treasury buyback weighed on sentiment.
Thu, Sep 10
British Pound: Neutral stance inside narrower band against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann keep a neutral view on GBP/USD around 1.3545, noting recent sideways trade between 1.3531 and 1.3567. They now see a tighter 1.3495–1.3590 range as sufficient to contain price action.
Thu, Sep 10
British Pound moves away from YTD low as Yen consolidates hawkish BoJ-inspired rally
The GBP/JPY cross gains some positive traction on Thursday and moves away from the year-to-date low, around the 207.00 neighborhood, touched earlier this week. Spot prices stick to modest gains above the 208.00 mark through the early European session, though the uptick lacks bullish conviction.
Thu, Sep 10
Japanese Yen: Intervention risk supports against US Dollar – Commerzbank
Michael Pfister highlights that comments from the US Treasury Secretary about having “asymmetric information” on Bank of Japan (BoJ) moves are intended to deter speculative positioning for further Japanese Yen (JPY) weakness.
Thu, Sep 10
