AUD/USD remains offered; supported by 0.7100
AUD/USD adds to Monday’s retracement, although it manages well to keep the trade above the 0.7100 yardstick ahead of the opening bell in Asia. Once again, the softer tone in spot follows decent gains in the Greenback amid rising bets for a Fed rate hike on Wednesday.
EUR/USD trades on the back foot near 1.1550
EUR/USD remains on the defensive on Tuesday, building on Monday’s decline and hovering around the mid-1.1500s. The US Dollar’s constructive tone continues to weigh on the pair prior to the key FOMC event on Wednesday. So far, investors continue to price in a 25-bps rate hike by the Fed.
Gold set to fall toward $4,000 as Warsh faces a Fed rate-hike dilemma
As the Federal Reserve monetary policy announcement approaches and the Middle East war intensifies, the US Dollar resumes its advance. Gold price posted a tepid attempt to recover its shine in early August, but with renewed USD demand, the bright metal faltered miserably and is now closer to the $4,000 mark than the encouraging $4,700 peak from a month ago.
Bitcoin pulls back as valuation ceilings hold while XAU weakness persists
DEEPER DIVE
Venezuela’s 65-billion-barrel Oil deal could reshape America’s inflation fight
Canada's 6.4% unemployment rate: Why Friday's jobs print puts the BoC's slack story on trial
The Bank of Canada held at 2.25% on Wednesday for a seventh straight meeting and rewrote the one paragraph that still argues against a hike. In July, the BoC’s statement called the labour market soft and pinned the unemployment rate inside a 6.5%-7% range it had held since the end of 2024. July's Labour Force Survey then printed 6.4%.
2% wages: Why Canada’s weak jobs data strengthens the BoC’s stance
CRYPTOCURRENCIES
Ripple slips as liquidity improves, ETF inflows return
Ripple (XRP) is losing strength, trading below $1.40 on Tuesday. Although minor, the correction comes after a sharp move toward $1.50 the previous day and aligns with a lethargic outlook in the broader crypto market.
Top Altcoins Price Forecast: Ripple, Cardano, Hyperliquid – Easing bullish momentum sparks downside risks
Top altcoins, including Ripple, Cardano, and Hyperliquid, are trading in the red on Tuesday, with roughly 2% losses so far. The altcoins are facing downside pressure ahead of the CLARITY Act cloture vote scheduled for Tuesday.
Crypto Today: Bitcoin, Ethereum and XRP stall ahead of key CLARITY Act vote
Cryptocurrency prices are under pressure on Tuesday, with Bitcoin retreating below $77,000. This pullback comes on the heels of last week's failed breakout and is echoed across major altcoins, as Ethereum and Ripple both slip below key psychological levels at $2,500 and $1.40, respectively.
STOCKS
US stocks dive on Monday as CEOs mull AI 'slowdown', soaring Oil and Fed hike
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: To hike or not to hike? Kevin Warsh between a rock and a hard place
Global inflation watch: Muted momentum outside of energy
Gold: Fed rate call and dot plot key for next directional action
Bitcoin: BTC retreats as macro headwinds grow
US Dollar: No country for soft landings
Week ahead – Dollar at a crossroads as CPI and ECB take centre stage
Dollar direction hinges on US CPI and the ECB decision. Treasury buybacks in focus; could fuel another rally in gold and bitcoin. Yen strength may be challenged by a strong US CPI report.
EDUCATION
How economic uncertainty changes bullion buying patterns across generations
When the economy becomes uncertain, investors react differently depending on their goals and circumstances. But, generally, periods of high inflation, market volatility, or geopolitical tension push investors to look beyond traditional assets for ways to diversify and manage uncertainty.
![You’re watching pre-market levels wrong [Video]](https://editorial.fxsstatic.com/images/i/Fear-2_Medium.png)
You’re watching pre-market levels wrong [Video]
If you trade NQ, you’ve probably been told to watch the pre-market high and pre-market low. That part is easy. The harder question is: what are you actually supposed to do when price gets there? Most traders react too quickly, and that’s usually where the trouble starts.
PRESS RELEASES
International Trading Institute expands professional trader development beyond the Master’s in trading
The International Trading Institute (ITI) has expanded its education offering beyond its flagship Master’s in Trading, creating a broader set of professional development pathways for traders at different stages of experience.
Reimagining finance: DIFC to convene global leaders across banking, private markets, asset management, FinTech, public policy and sustainability at Dubai Future Finance Week
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has confirmed the programme for the inaugural edition of the Dubai Future Finance Week.
FxPro launches Weekend Trading on popular global markets
New 365 instruments allow clients to trade Gold, Silver, Oil, Natural Gas and Nasdaq throughout the weekend.