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Australian Dollar holds near highs as mixed data keeps RBA tightening bets alive
AUD/USD is trading in the 0.7100 neighborhood at the time of writing on Thursday, holding close to multi-week highs after a steady climb off its earlier lows. The pair is marginally weaker on the day as the US Dollar (USD) regains a little ground, but the broader uptrend remains intact.
Fxstreet
Thu, Aug 20
Indices
Dow Jones Industrial Average sells the best outlook since 1983
The Dow Jones Industrial Average trades near 53,050, more than 400 points lower on the session, after two of the strongest American data points of the month arrived in the same 12:30 GMT block and were sold on delivery.
Fxstreet
Thu, Aug 20
Cryptocurrencies
Alibaba reports 9% rise in quarterly revenue, shares fall 6%
Alibaba grew its revenue 9% last quarter but shares still fell 6% after profit dropped 76% due to a surge in AI spending, the company reported Thursday. Revenue for the quarter ending June 30 reached 268.95 billion yuan ($39.64 billion), up 9% from a year earlier. Net income fell to 10.54 billion yuan ($1.55 billion),...Cryptopolitan
Thu, Aug 20
Market Movers
USD/CHF (USDCHF) Surges 0.52% on Aug 20: What You Need to Watch
• USDCHF advanced as the U.S. dollar recovered from previous selling. • SNB monetary policy divergence and carry strategies pressured the Swiss franc. • Technical indicators like RSI and MACD currently suggest neutral conditions.
TradingKey
Thu, Aug 20
Cryptocurrencies
Japan exports soar 23% as China shipments surge and AI demand fuels growth
Japan’s exports climbed 23.2% in July compared with the same month last year, with stronger semiconductor equipment sales and much heavier trade with China doing most of the lifting. That was the quickest annual export gain since October 2022. It also meant export growth sped up for a fifth straight month. Economists had been looking...Cryptopolitan
Thu, Aug 20
Market Movers
Ge Vernova Inc Stock (GEV) Moved Down by 3.52% on Aug 20: Facts Behind the Movement
• Macroeconomic pullbacks and profit-taking caused downward volatility for GE Vernova shares. • Wind division losses and tariff headwinds create margin execution concerns for investors. • Strong grid demand and multi-billion-dollar backlogs support long-term institutional interest.
TradingKey
Thu, Aug 20
Market Movers
INNIO N V Ord Shs Stock (INIO) Moved Down by 9.52% on Aug 20: What Investors Need To Know
• Innio expanded its Waukesha facility, raising investor cash burn anxieties. • Margin compression and high capital outlays triggered aggressive profit-taking. • The stock shows an oversold Williams %R condition at 97.368.
TradingKey
Thu, Aug 20
Market Movers
Tempus AI Inc Stock (TEM) Moved Up by 10.87% on Aug 20: What Signal Does It Send?
• Merck and Moderna released favorable Phase 3 trial results for individualized mRNA cancer vaccines. • BTIG Research reaffirmed a Buy rating and raised Tempus AI's price target. • Tempus AI reported strong revenue expansion, gross margins, and raised full-year guidance.
TradingKey
Thu, Aug 20
Market Movers
Cloudflare Inc Stock (NET) Moved Down by 3.20% on Aug 20: Drivers Behind the Movement
• Cloudflare faced volatility and profit-taking following a strong post-earnings rally. • Convertible senior notes offerings and insider transactions introduced potential equity dilution. • Technical indicators show neutral conditions with the Williams %R suggesting oversold levels.
TradingKey
Thu, Aug 20
Forex
British Pound climbs as UK inflation keeps BoE hike bets alive
The Pound Sterling advances on Thursday during the North American session, up 0.25% after US economic data revealed that the labour market remains solid, despite a weaker Nonfarm Payrolls in July. The GBP/USD trades at 1.3639 after reaching a daily low of 1.3594.
Fxstreet
Thu, Aug 20
Market Movers
USD/JPY (USDJPY) Surges 0.52% on Aug 20: What Does the Market Value?
• USDJPY rose due to rising U.S. Treasury yields and Japanese Yen weakness. • Japan's July trade deficit expanded sharply to JPY 634.5 billion. • Technical indicators show neutral MACD, neutral RSI, and overbought Williams %R.
TradingKey
Thu, Aug 20
Forex
USD/CHF Price Forecast: Attempts to reclaim 0.8000 after defending the 100-day SMA
USD/CHF regains ground on Thursday as the US Dollar (USD) stabilises following the previous day’s broad weakness, which pushed the pair below the 0.8000 psychological mark and to its lowest level since June 17, weakening the near-term bullish structure.Fxstreet
Thu, Aug 20
Cryptocurrencies
Dogecoin Price Forecast: DOGE bolts toward $0.08 breakout
Dogecoin (DOGE) gains momentum for the second consecutive day, trading at $0.078 at the time of writing on Thursday. The meme coin is up more than 3% on the day, reflecting positive market sentiment as Bitcoin (BTC) rallies above $70,000 and Ethereum (ETH) climbs above $2,200.
Fxstreet
Thu, Aug 20
Cryptocurrencies
Canadian rocket startups race to close the country's G7 launch gap
Canada has seen a growing contingent of homegrown startups step up after the government in Ottawa smartened up to its untenable position as one of the only G7 nations that cannot send a satellite into orbit without extensive help from beyond its shores. With deteriorating United States relations escalating the urgency of the situation, the...Cryptopolitan
Thu, Aug 20
Economic Indicator
Bessent wants bigger bond buybacks, but markets barely blink
United States (US) Treasury Secretary Scott Bessent said on Thursday that the Treasury could increase bond buybacks beyond $4 billion, partly to signal that current yields do not reflect underlying economic fundamentals. He stressed that interest rates have nothing to do with the buyback decision.Fxstreet
Thu, Aug 20
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