Analysis

Gold (XAU/USD) cycles back up towards the top of its three-week range, trading just shy of $2,530 on Wednesday.

TradingKey -  On Tuesday night, the U.S. presidential debate took place, during which Trump and Harris discussed tariffs, immigration, abortion rights, and the Gaza conflict.

As the general cryptocurrency market is witnessing a rebound, assets like Dogecoin, the leading meme coin are attracting strong optimism from the industry as bullish predictions toward the coin’s potential in the short term are on the rise.

Europe's highest court concluded a decade-long legal battle by ruling that Apple Inc (NASDAQ:AAPL) must pay €13 billion ($14.4 billion) in back taxes to Ireland.The charge, estimated to be around $10 billion, is expected to substantially increase Apple's effective tax rate for the quarter.

Investing.com – U.S. equities were mixed at the close on Tuesday, as gains in the Telecoms, Technology and Consumer Services sectors propelled shares higher while losses in the Oil&Gas, Financials and Basic Materials sectors led shares lower.

The GBP/USD pair builds on the overnight modest bounce from the 1.3050-1.3045 region, or over a three-week trough and gains some follow-through positive traction for the second successive day on Wednesday.

After forming a base above the $470 level, BNB price started a fresh increase like Ethereum and Bitcoin. The price was able to climb above the $488 and $500 resistance levels.

Recent market analysis has revealed a significant shift in Bitcoin capital flow from short-term holders (STH) to long-term holders (LTH).

Investing.com-- The Chinese government is likely to roll out more, albeit incremental stimulus measures in the coming months, Citi analysts said in a note, especially amid signs that economic support from exports may have peaked. 

Silver (XAG/USD) trades with a mild positive bias for the third straight day on Wednesday, albeit lacks bullish conviction and is currently placed around the $28.45 region, just below the weekly high touched during the Asian session.

Investing.com-- Japanese stocks were nursing a steep loss over the past week, and saw little relief in recent sessions, raising concerns over a potential double bottom, although JPMorgan (NYSE:JPM) analysts said this was not their base case.

TradingKey - As inflation eases and signs of recession appear, the market widely expects the European Central Bank (ECB) to make its second rate cut of 2024 at the September meeting.

Gold price increases as US Treasury yields drop and the US Dollar weakens.

President Vladimir Putin has declared Russia a leading country in bitcoin mining, attributing this success to the nation’s surplus energy resources, particularly in Siberia. Speaking at the Eastern Economic Forum (EEF),

Following heavy losses from major cryptocurrencies, BNB has shown some impressive resistance to the price drop, supported by strong demand.

U.S. crude oil futures moved off lows in post-settlement trading Tuesday after the American Petroleum Institute reported a surprise decline in weekly domestic crude stocks.

The EUR/USD retreated on Tuesday after the latest inflation report in Germany, which increased the likelihood of another interest rate cut by the European Central Bank (ECB).

Despite recent weakness, analysts at BCA Research in a note dated Monday assert that the US dollar remains resilient and is expected to rebound in the coming months. 

Data shows Chainlink has been seeing many social media discussions recently, which may be bullish for its price

On-chain data shows the Ethereum adoption rate has hit a four-month high, which could be bullish for the cryptocurrency’s price.