AUD/USD challenges 0.7100 ahead of PMIs
AUD/USD could not sustain the earlier move to multi-week highs past 0.7130, deflating to the boundaries of the 0.7100 neighbourhood ahead of the opening bell in Asia on Friday. Poor data from the domestic jobs report coupled with the Greenback’s bounce were in charge of leaving spot in the red. Moving forward, the always relevant flash PMIs prints will gather all the attention on Friday.
EUR/USD treads water near 1.1670
EUR/USD gives away all its initial gains and receded to the sub-1.1700 region. The US Dollar’s late recovery has dragged the pair lower, leaving it practically unchanged following the NA session on Thursday. In the meantime, investors gear up for the release of preliminary S&P Global Manufacturing and Services PMIs on both sides of the Atlantic on Friday.
Gold trims losses, back above $4,500
Gold manages to regain some composure and reclaim the area beyond the key $4,500 mark per troy ounce on Thursday. The yellow metal’s daily decline comes amid the humble improvement in the US Dollar while US Treasury yields remain on the rise following Wednesday’s marked retracement across the curve.
XRP extends rally as bullish technical signals underpin breakout attempt
Ripple holds in bullish hands, as price action extends above $1.16 at the time of writing on Thursday. Since Monday, the cross-border remittance token has surged by more than 20%, reflecting a steady growth in risk-on sentiment. The broader crypto market sentiment is on an upward roll at 62 in the Greed territory on Thursday, up from 46 the previous day, according to the Fear & Greed Index.
DEEPER DIVE
$20 billion offered, $2 billion taken: Why Treasury doubled its buyback cap
The US Treasury moved off its own calendar on Wednesday, and that is the part worth sitting with. At 12:32 GMT, the department said it would at least double the size of liquidity support buyback operations in the 10-year to 20-year and 20-year to 30-year sectors, lifting the maximum from $2 billion per operation to at least $4 billion, effective September 9 and running to November 4.
Why credit markets aren’t pricing $570B of AI debt
Forecasts put global artificial intelligence (AI) related debt issuance near $570 billion this year, with roughly $236 billion of it priced by the end of May at four times the prior year's pace.
$4,500 about to give up: Why Gold can reconquer its safe-haven status
CRYPTOCURRENCIES
Ripple recovery gains momentum amid strong technical indicators
Ripple (XRP) remains in bullish hands, as price action extends above $1.16 at the time of writing on Thursday. Since Monday, the cross-border remittance token has surged by more than 20%, reflecting a steady growth in risk-on sentiment.
Crypto Today: Bitcoin, Ethereum, XRP extend gains as ETFs inflows and improved sentiment boost outlook
Cryptocurrency prices are extending gains on Thursday, led by Bitcoin’s (BTC) climb above $70,000. Ethereum (ETH) remains bullish, trading above $2,200, while Ripple (XRP) has recovered above $1.15 as bulls tighten their grip.
Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe regain bullish momentum
Meme coins, including Dogecoin, Shiba Inu, and Pepe are trading in the green on Thursday, extending their previous day’s gains linked to US Treasury bond buybacks. The technical outlook for DOGE, SHIB and PEPE points to a bullish path forward as momentum shifts to the upside.
STOCKS
iQSTEL Inc. (IQST) reports Q2 loss, tops revenue estimates
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: War escalation can bring back US Dollar demand
Why SpaceX bonds disagree with the stock
Gold: Mideast stalemate keeps bullish potential in check
Bitcoin: Hormuz uncertainty clouds BTC outlook
US Dollar: Fed hawks circle, but weak data clips the Dollar’s wings
Week ahead – Summer lull could be tested by geopolitics and central bank expectations
US dollar stabilizes as September Fed hike bets remain subdued. Market volatility stays low, but thin liquidity could amplify movements. Key UK data could challenge pound strength; euro craves bullish catalysts.
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
PrimeXBT expands swap-free trading to PXTrader 2.0
PrimeXBT, a global multi-asset broker, has expanded its Swap-Free offering to PXTrader 2.0, giving traders access to both Swap-Free and Extended Swap-Free accounts on its proprietary Crypto and CFD trading platform.
STARPRIME completes beta testing of Market-Maker model for retail brokers
The Market-Maker Model developed by STARPRIME has completed an extensive beta-testing phase, working with a select number of clients. The term ‘market maker’ carries a stigma of being a bad actor in our industry. That reputation has identifiable origins, and some of it has been earned.
Freedom Holding marks New Türkiye milestone as Freedom Yatırım secures brokerage license
Freedom Yatırım Menkul Değerler A.Ş., a subsidiary of Freedom Holding Corp. (NASDAQ: FRHC), has received an operating license from the Capital Markets Board of Türkiye (CMB).