EUR/USD treads water below 1.1700
EUR/USD now trades with modest losses around 1.1670 following another unsuccessful atempt to advance past 1.1700 the figure in a convincing fashion. The pair’s decline follows a maginal rebound in the US Dollar as market participants continue to assess recent US data as well as developments from the US bond market.
GBP/USD off highs, back to 1.3620
GBP/USD remains slightly on the defensive at the end of the week, receding to the low 1.3600s after hitting fresh tops past 1.3670 earlier in the day. Cable’s correction comes after two daily gains in a row and amid a tepid advance in the Greenback, while poor UK data also accompany the downside.
Gold trims gains, recedes to the sub-$4,600 area
Gold rapidly leaves behind Thursday’s inconclusive price action and advances markedly on Friday, briefly surpassing the $4,600 mark per troy ounce to hit three-month peaks. Meanwhile, the precious metal’s solid performance comes despite marginal gains in the buck coupled with another day of rising US Treasury yields across the curve.
Crypto Today: Bitcoin, Ethereum, XRP bulls accelerate rally amid rising ETF inflows
The cryptocurrency market remains bullish on Friday, led by Bitcoin’s surge above $77,000. Altcoins, including Ethereum and Ripple, mirror BTC’s positive outlook, trading near $2,400 and $1.35, respectively.
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
XRP extends breakout as ETF inflows, futures demand drive momentum
Ripple rises on Friday to trade above $1.40 as bulls aim for a continuation of the rally above $1.50. The remittance token is up by more than 12% on the day and over 40% since Monday, reinforcing the bullish outlook.
Bitcoin Weekly Forecast: 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.
Chainlink hits seven-month highs amid strong DeFi, institutional demand
Chainlink is up roughly 8% on Friday, pushing the price up over 20% so far this week into double digits. DeFi ecosystem records daily DEX volume of over $9 billion for three consecutive days as TVL rises to $84.76 billion.
STOCKS
Walmart shares face weakness following earnings: Were results bad?
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: Fed hawks circle, but weak data clips the Dollar’s wings
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
New Rise trading app launches across MENA and LATAM with an innovative first-trade guarantee up to USD 100
Rise debuts in MENA and LATAM, an app built to get a trader from idea to position in as few steps as possible. New clients keep the profit if their first trade wins, and Rise refunds the loss automatically, up to $100, if it doesn’t go as planned. More features follow through the year ahead.
Weltrade launches SyntX World Cup 2026 - A $100,000 global trading tournament to mark 20 years in the market
Free to enter, zero risk - traders across four global regions compete on demo accounts for the largest prize pool in synthetic indices trading
Techysquad unveils new brand identity, reinforcing its focus on the global forex technology ecosystem
Techysquad, a technology solutions company serving brokers, prop firms and businesses across the trading industry, has unveiled a refreshed brand identity and redesigned website.