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Bitcoin Price Forecast: BTC slips toward key 50-day EMA ahead of FOMC Minutes
Bitcoin (BTC) edges lower toward the 50-day Exponential Moving Average (EMA) around $64,370 at the time of writing on Wednesday after posting a 2.9% gain over the previous two days. The recovery is supported by renewed institutional demand, with ETFs accumulating inflows so far this week.
Fxstreet
Wed, Aug 19
Economic Indicator
Indonesian Rupiah: Oil gains and BI decision shape IDR – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note that Indonesian Rupiah (IDR) weakness is driven by higher Oil prices and elevated global yields, even as domestic sentiment improves after President Prabowo’s speeches and the BI governor nomination.Fxstreet
Wed, Aug 19
Economic Indicator
Equities: Defensive rotation with higher yields – Danske Bank
Danske Research Team reports a marked drop in global equities, with the S&P 500 and Stoxx 600 down 0.7% on Tuesday. After a period of value-versus-growth rotation, flows shifted toward defensive sectors such as consumer staples and health care, funded by cyclicals.
Fxstreet
Wed, Aug 19
Forex
British Pound shows limited reaction to expected increase in UK headline inflation
The British Pound (GBP) reflects a slight market action against the Japanese Yen (JPY) near its day’s low at around 215.70 after the release of the United Kingdom (UK) Consumer Price Index (CPI) data for July.
Fxstreet
Wed, Aug 19
Economic Indicator
Indonesian Rupiah: BI seen hiking to anchor rupiah – UOB
UOB strategists highlight Bank Indonesia’s (BI) policy meeting, with consensus expecting no change but its macro team forecasting a 25 bps hike to 6.00%. They see risks around the Indian Rupee (IDR), divided views on Federal Reserve (Fed) policy and rising global inflation.Fxstreet
Wed, Aug 19
Forex
Experts agree: Hawkish BoJ bets support Japanese Yen against US Dollar
The Japanese Yen (JPY) recovers strongly against its major currency peers on Wednesday after underperforming in the past few days. The US Dollar (USD) is down 0.25% against the Japanese currency at around 159.20 during the early European trading session.Fxstreet
Wed, Aug 19
Cryptocurrencies
Zcash: Mining difficulty hits record high as Cypherpunk joins the race
Zcash (ZEC) hovers above $500 on Wednesday amid record-high mining difficulty, with Cypherpunk Technologies (CYPH) launching its Zcash mining fleet. Network difficulty has hit an all-time high of 259.69 million, which aligns with the release of Cypherpunk’s 4.2 GSol/s Zcash mining fleet.Fxstreet
Wed, Aug 19
Technical Analysis
USD/IDR Price Forecast: Trades near 17,850 after pulling back from moving averages
USD/IDR depreciates after registering modest gains in the previous day, trading around 17,870 during the Asian hours on Wednesday. The technical analysis of the daily chart suggests that the pair is remaining within the rectangle, indicating a consolidation phase.Fxstreet
Wed, Aug 19
Stocks
Crypto Daily | Bitcoin Whales End Selling Spree, Adding $2.9 Billion in 60 Days; Bitcoin's Investment Case Hasn't Changed, BlackRock Says
Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.Crypto NewsBitcoin Whales End Selling Spree, Adding $2.9 Billion in 60 DaysBitcoin has spent months mired in a slump that has driven out retail traders, drained billions from ...Tiger News
Wed, Aug 19
Forex
EUR/USD Price Forecast: Gathers strength above 1.1550, bullish outlook remains intact
The EUR/USD pair trades in positive territory near 1.1585 during the early European trading hours on Wednesday. The Euro (EUR) edges higher against the US Dollar (USD) as the German ZEW survey beat forecasts.
Fxstreet
Wed, Aug 19
Forex
Swiss Franc strengthens as US Dollar falls on fading Fed rate hike expectations
USD/CHF depreciates after registering modest gains in the previous day, trading around 0.8120 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) weakens amid easing expectations of a US interest rate hike next month.
Fxstreet
Wed, Aug 19
Commodities
WTI Price Forecast: Sits near three-week high, below $85.00 as bulls eye 100-SMA breakout
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – touches a nearly three-week high during the Asian session on Wednesday, though it struggles to build on the momentum beyond the $85.00 mark.
Cryptocurrencies
Temporal targets $12 billion valuation in $500 million AI infrastructure raise
According to reports, the software firm known as Temporal, which developed the “durable execution” technology that allows AI agents and other long-running applications to recover from malfunctions without having to start again, is in the process of seeking approximately $500 million at a valuation of not less than $12 billion. If the funding round comes...Cryptopolitan
Wed, Aug 19
Cryptocurrencies
Shiba Inu Price Forecast: SHIB recovery hinges on key support
Shiba Inu (SHIB) recovers slightly, trading at $0.0000044 on Wednesday, after finding support around the critical level earlier this week. The dog-themed meme coin shows improving sentiment as social dominance rises, funding rates turn positive, and bullish traders increase their long positions.Fxstreet
Wed, Aug 19
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