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Commodities
Gold hits three-month peak above $4,600 as Middle East risks fuel rally
Gold price hits a three-month high and is poised to end the week with gains of over 5.6%, even though business activity in the services sector in the US was solid. Recent developments in the Middle East and a softer US Dollar underpin the yellow metal, which has surpassed the $4,600 threshold.
Fxstreet
Fri, Aug 21
Forex
EUR/USD Price Forecast: Bulls test 1.1700 as RSI turns overbought
EUR/USD heads for a fourth consecutive weekly gain on Friday, although it has erased its earlier intraday advance. At the time of writing, the pair trades around 1.1682 after briefly rising above 1.1700, its highest level since May 14.
Fxstreet
Fri, Aug 21
Economic Indicator
Germany: Ifo sentiment seen weakening on Iran war – Commerzbank
Commerzbank economists Christoph Balz and Ralph Solveen expect the Ifo Business Climate Index to slip from 86.6 to 86.0 in August as renewed Iran war concerns and higher energy prices weigh on expectations.Fxstreet
Fri, Aug 21
Forex
Swiss Franc struggles as US Dollar steadies, SNB keeps negative rates on table
USD/CHF holds firm on Friday as the US Dollar (USD) trims its intraday losses. At the time of writing, the pair trades around 0.8013 after slipping to 0.7949 on the previous day, its lowest level since June 17.
Fxstreet
Fri, Aug 21
Market Movers
IONQ Inc Stock (IONQ) Moved Up by 7.75% on Aug 21: What Investors Need To Know
• IonQ reported record second-quarter revenues that exceeded Wall Street estimates. • Management raised full-year revenue outlook, supported by strong performance obligations. • The company completed the SkyWater Technology acquisition to integrate semiconductor capabilities.
TradingKey
Fri, Aug 21
Market Movers
Strategy Inc Stock (MSTR) Moved Up by 7.11% on Aug 21: What Signal Does It Send?
• MicroStrategy shares rallied significantly amid broader cryptocurrency market gains and strong Bitcoin ETF inflows. • The company manages its capital structure effectively while maintaining a persistent Bitcoin accumulation strategy. • Analysts maintain favorable ratings with an average price target of $250.02.TradingKey
Fri, Aug 21
Market Movers
XCHG Ltd Stock (XCH) Moved Up by 2064.50% on Aug 21: What Signal Does It Send?
• XCHG Limited executed a 1-for-20 reverse ADS split on August 21, 2026. • The corporate action aimed to satisfy Nasdaq minimum bid price compliance rules. • The company reports annual revenue of $25.10M and net operational losses.
TradingKey
Fri, Aug 21
Market Movers
Ross Stores Inc Stock (ROST) Moved Up by 5.79% on Aug 21: What Signal Does It Send?
• Ross Stores exceeded second-quarter revenue and earnings expectations, raising full-year guidance. • Profitability improved due to higher merchandise margins and lower distribution costs. • Technical indicators remain neutral while market sentiment sits in extremely bullish territory.
TradingKey
Fri, Aug 21
Economic Indicator
United Kingdom: Resilient growth outlook – Deutsche Bank
Deutsche Bank Research, led by Sanjay Raja and Maui Brennan, highlights the United Kingdom (UK) economy’s surprising resilience to the Iran-related energy shock in 2026. Gross Domestic Product (GDP) grew 0.6% q-o-q in Q1 and 0.4% in Q2, making the UK the fastest-growing G7 economy.
Fxstreet
Fri, Aug 21
Economic Indicator
Iran’s President Pezeshkian urges war’s end as US pressure looms – BBG
The Iranian President Masoud Pezeshkian stated that “It would be better to end the war today, when we have power and dignity, and with the whole world acknowledging our victory,” according to a Bloomberg article.
Fxstreet
Fri, Aug 21
Economic Indicator
Bank of Canada: Tariff deal unlikely to accelerate hikes – TD Securities
TD Securities’ Robert Both expects the Bank of Canada to remain cautious even if a tariff agreement is reached. The Bank wants more data on how lower tariffs affect exports and output, with key trade figures not available until November.Fxstreet
Fri, Aug 21
Cryptocurrencies
Bitcoin vs Gold: Risk-on sentiment fuels rallies in BTC and XAU
Bitcoin (BTC) upholds a strong bullish outlook, trading near $78,000 on Friday. Since Monday, the Crypto King has surged by roughly 25%, reflecting a notable shift in risk appetite, especially through Exchange-Traded Funds (ETFs) and derivatives.
Forex
Euro treads water vs Yen as Japanese inflation, European PMIs offset each other
EUR/JPY trades around 185.70 on Friday at the time of writing, virtually unchanged on the day. The Japanese Yen (JPY) gains some support from firmer Japanese inflation data, but the move is offset by resilience in the Euro (EUR) following better-than-expected activity indicators in the Eurozone.
Fxstreet
Fri, Aug 21
Market Movers
Cloudflare Inc Stock (NET) Moved Up by 3.94% on Aug 21: Key Drivers Unveiled
• Cloudflare reported strong second-quarter financial performance and raised full-year top-line guidance. • Non-human and AI agent web traffic exceeded half of total network activity. • The company posted annual revenue of $2.17B and a net loss of $-102.27M.
TradingKey
Fri, Aug 21
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