AUD/USD tests June highs just below 0.7200 on RBA rate hike bets
AUD/USD challenges June highs, remaining within striking distance of 0.7200 in the Asian session on Thursday as expectations of a near-term RBA hike continue to underpin the Australian Dollar, particularly after strong inflation and household spending data. Meanwhile, uncertainty over the Fed's policy path caps the post-PCE US Dollar advance and lends additional support to the pair.
USD/JPY stays defensive above 159.00 after hawkish BoJ-speak
USD/JPY stays defensive, while holding above 159.00 in the Asian session on Thursday, as the Japanese Yen seems to find some support from BoJ Himino's hawkish remarks. The major snaps a three-day winning streak as Hormuz optimism and Fed rate uncertainty keep a lid on the US Dollar's post-PCE positive rebound. Traders now await Fed Chair Kevin Warsh's speech on Friday for further impetus.
Gold keeps sight of $4,700 ahead of Fed Warsh’s speech
Bitcoin holds at $78,000 amid US PCE surprise – SPX6900, VeChain rally
The broader cryptocurrency market maintains a constructive tone, with Bitcoin (BTC) sustaining gains above $78,000 on Thursday. The US July Personal Consumption Expenditures (PCE) Price Index inflation came in higher than expected on Wednesday, suggesting that inflation remains elevated. SPX6900 (SPX) and VeChain (VET) recorded double-digit gains over the last 24 hours, emerging as top performers.
DEEPER DIVE
Kevin Warsh’s Jackson Hole dilemma: Say too much, too little, or just enough
Kevin Warsh is preparing to deliver his first Jackson Hole speech as Federal Reserve (Fed) Chair on Friday, and expectations extend well beyond whether interest rates will be raised or left unchanged in September.
I thought newly launched meme coins were my ticket to wealth: Here's what actually happened
I’ve been trading cryptocurrencies for the past seven years, with meme coins becoming one of the most exciting and implacable parts of my experience. I love them because they represent internet culture and community sentiment, and, let’s be honest, extreme speculation.
$4,500 about to give up: Why Gold can reconquer its safe-haven status
CRYPTOCURRENCIES
XRP tests key support with elevated on-chain activity as whale selling threatens rally
XRP tests $1.40 support and rises to trade at $1.43 on Wednesday as the crypto market broadly consolidates. XRP faces profit-taking risk, as whales increasingly sell following last week’s rally.
Bitcoin recovery stalls near $80,000 as ETF inflows mount, whale demand strengthens
Bitcoin hovers above $78,000 on Wednesday, struggling to advance beyond $80,000 after its strongest weekly rise in three years. BTC ETFs recorded their seventh consecutive day of inflows, totaling $314 million on Tuesday, amid whales rotating $5 billion into tax-deferred swaps.
Crypto Today: Bitcoin, Ethereum, XRP broadly consolidate ahead of the next leg up
Bitcoin has retained a strong bullish outlook since last week, trading around $79,000 on Wednesday. As the Crypto King consolidates, bulls appear to be mulling another breakout attempt to reclaim $80,000 and push beyond the supply zone at $82,500.
STOCKS
Stock market: Will money flow into Europe?
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 Dollar falls apart, what’s next?
The US Dollar collapsed this week, helping EUR/USD reach a fresh three-month high just above the 1.1700 mark, heading into the weekly close a handful of pips below that level but still firmly up. The USD sell-off was triggered by the United States Department of the Treasury, which announced on Wednesday that it will increase the government debt repurchase size by at least double.
The Japanese Yen’s historic rescue is running out of steam
Gold: Bulls dominate as US Treasury Department intervenes in bond market
Following the previous week’s choppy action, Gold gathered bullish momentum and advanced to its highest level since late May and touched $4,600. While XAU/USD’s technical outlook highlights buyers’ dominance in the near term, next week will feature key events that could ramp up market volatility.
Bitcoin: The US Treasury saves BTC
Bitcoin extends gains, trading above $77,000 on Friday after rallying over 20% and reaching its highest level since mid-May. Crypto markets continue to cheer the US Treasury’s decision to double its debt buyback operations, posting their 7th-largest liquidation event in history.
US Dollar: The US Dollar’s new enemy is the bond market
Week ahead – Fed’s Jackson Hole and Nvidia earnings to dictate markets
Kevin Warsh to make his Jackson Hole debut amid confusing messaging. But a major hawkish surprise unlikely after bond market intervention. Nvidia earnings to also determine market direction as stock rally cools.
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
Drovix launches in-house multi-asset liquidity and execution stack for sub-millisecond fills, tighter spreads
Drovix (MU) Ltd, licensed by the Financial Services Commission of Mauritius as an Investment Dealer (Full Service Dealer, license GB21026813) and acting as a principal execution counterparty, has brought its institutional liquidity and execution stack to market.
STARTRADER launches XAUUSD247, extending Gold CFD access across the full week
The new instrument provides XAUUSD247 quotes during weekends and overnight hours, subject to scheduled maintenance windows.
IUX launches new education webinar series to support traders’ financial literacy
IUX Education has launched its IUX Education Webinar Series, a live online programme designed to help traders deepen their understanding of financial markets, stay connected with timely market discussions, and engage with experienced market analysts.