USD/JPY extends losses below 158.00 on hawkish BoJ repricing
USD/JPY extends losses below 158.00 in Asian trading on Thursday. Asian traders react negatively to the weak US ADP report, smashing the US Dollar across the board and exerting renewed selling pressure on the pair. Meanwhile, hawkish BoJ expectations and intervention risks continue to lend support to the Japanese Yen, rendering it negative for the major.
AUD/USD ranges above 0.7150 despite upbeat Chinese PMI
AUD/USD struggles to capitalize on the previous day's bounce from a nearly two-week low and ranges above 0.7150 in Asia on Thursday, as dismal Australian trade data counter upbeat China's RatingDog Services PMI. However, the pair's upside remains in check as the US Dollar stalls the weak ADP report-led slide amid escalating US-Iran tensions and firming September Fed rate-hike bets.
Gold looks to reclaim $4,450 on the road to recovery
XRP defends key support, XLM awaits breakout as derivatives strengthen
DEEPER DIVE
Diesel’s record $100 warning: The oil shock hiding in plain sight
The Oil market may look calmer than it did a few months ago, but diesel is sending a very different message. The US diesel crack spread, the premium of ultra-low sulphur diesel futures over WTI, recently surged above $100 per barrel for the first time, reaching an intraday record of just over $102.00.
The debasement trade: Could the US Dollar become the next casualty?
60 days to pay: Nvidia is financing its own demand
The Jensen Huang-helmed Nvidia (NVDA) delivered its second-quarter earnings print with its stock roughly 11% beneath the peak it set in May and around 8% beneath where it traded in mid-August, on the day it told the market it would stand behind up to $105 billion of a single customer's rent.
CRYPTOCURRENCIES
XRP slips near key support as geopolitical tensions re-escalate
Ripple (XRP) continues to trim gains on Wednesday, trading around $1.32 at the time of writing. The remittance token came under pressure after a massive 72% rally from $1.00 to $1.70 in August stalled on profit-taking and the need to moderate in search of fresh liquidity.
Crypto Today: Bitcoin, Ethereum, XRP edge lower as renewed US-Iran tensions weigh
The cryptocurrency market is pulling back broadly on Wednesday as investors adopt a cautious stance, with Bitcoin consolidating near its short-term support at $77,000. Ethereum remains under pressure, slipping toward $2,400. Ripple is also trending lower.
Bitcoin faces pressure as ETF outflows, Fed rate-hike bets weigh
Bitcoin remains under pressure, trading around $77,600 on Wednesday after slipping 1.45% the previous day. Rising energy prices amid fresh US-Iran tensions alongside growing expectations for Fed interest rate hikes could weigh on BTC.
STOCKS
XOM stock finds buyers after Elliott Wave double three pattern
Nasdaq 100 rebound looks strong… or is it just a trap?
The Nasdaq 100 spent the past few sessions recovering strongly from its November lows, rebounding from 24,307 and climbing back into the 25,100–25,150 mid-range zone. While the candles look convincing, the broader picture reveals a different story: the index remains trapped inside a 4H range structure.
WEEKLY FORECAST
EUR/USD: US rate hike back on the table, US Dollar up
The Japanese Yen gives up the big figure intervention won back
Gold: Bulls take a breather following three-week rally
Bitcoin: Billions in ETF inflows push BTC toward decisive breakout
US Dollar: Higher for longer is back… and the Dollar likes it
Week ahead – RBNZ and BoC decide on rates ahead of all-important US NFP
Dollar rebounds ahead of ISM PMI and NFP data. RBNZ is expected to raise rates; focus to fall on forward guidance. BoC is set to remain on hold; will it raise rates in 2027?
EDUCATION
Something has gone completely wrong in enterprise AI
There is a moment in every boom when the music is still playing, the lights are still flashing, and someone finally notices that the bar tab has been left on the table. That is roughly where enterprise AI feels today.
The psychology of Gold buying during periods of market uncertainty
Historically, gold is considered a reliable investment avenue, especially in times of market uncertainty. Modern economies are based on fiat currency, where the value is determined by government decree and public trust.
PRESS RELEASES
Changelly to give away $20,000 in Gold-backed XAUT with support from Tether
Changelly, a leading instant crypto exchange platform, is launching the Golden Boost Campaign offering $20,000 in XAUT rewards to 100 winners, with support from Tether, a pioneer in the field of stablecoin technology.
CFI appoints Federico Cirulli as Chairman as group enters next phase of growth
CFI Financial Group, a globally recognized leader in online trading services, today announced the appointment of Federico Cirulli as Chairman of the Board, marking the latest step in the Group's evolution into a more institutional and scalable organization.
easyMarkets expands commodity offering with 24/7 Gold, Silver and Oil trading
New Gold24, Silver24 and Oil24 instruments give clients access to three major commodities around the clock.