USD/JPY slides to test 154.00 on aggressive hawkish BoJ repricing
USD/JPY accelerates its decline and tests 154.00 in the European session on Monday as an aggressively hawkish BoJ repricing continues to drive the Japanese Yen higher. Meanwhile, the US Dollar faces headwinds from US debt worries and uncertainty about the Fed's policy outlook ahead of Friday's US CPI data release.
EUR/USD holds above 1.1600 after upbeat Eurozone data
EUR/USD clings to marginal gains above 1.1600 in the European session on Monday after the data from the Eurozone showed that the Sentix Investor Confidence improved to 5.1 in September from 0.9. Additionally, the annualized GDP growth for the second quarter got revised higher to 1.2% from 1% in the initial estimate, furhter supporting the Euro. Stock and bond markets in the US will remain closed in observance of the Labor Day holiday.
Gold recovers intraday losses to sub-$4,400 as USD slumps despite Fed rate hike bets
Gold shows some resilience below the $4,400 mark, and recovers intraday losses during the first half of the European session. Any meaningful upside, however, seems limited as traders might opt to wait on the sidelines ahead of the latest US inflation figures, due later this week.
Bittensor: TAO eyes $300 amid launch on Raydium, parody meme coin, ChatGPT-6 Astra release
Bittensor is trading in the green on Monday, continuing a steady upward trend over the last five days, with a 25% gain. Social chatter surrounding Bittensor is increasing amid a similarly named meme coin launched on Solana and the release of ChatGPT-6 Astra. The technical outlook for TAO is bullish as momentum strengthens and buyers target the $300 breakout.
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.
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
Hyperliquid Price Forecast: Downside risk looms as momentum stretches thin
Hyperliquid price is trading in the red on Monday, stalling after 10% gains last week. HYPE-focused Exchange Traded Funds recorded their fifth consecutive weekly inflows, projecting steady institutional demand. The technical outlook for HYPE warns of potential downside risk as bullish momentum stretches thin.
Cardano Price Forecast: Strengthening momentum points to cautious upside extension
Cardano trades around $0.222 on Monday after rallying over 15% last week. Mixed derivatives data and mildly bullish on-chain metrics point to cautious market sentiment. Meanwhile, strengthening momentum indicators suggest ADA could see further gains if the recovery continues.
Crypto Overview: Bitcoin faces sell wall at $82,850 – Jupiter, Zcash rally
Bitcoin price tumbles below $80,000 on Monday amid improved odds of a rate hike with the robust US employment data. Institutional demand holds firm with crypto-focused Exchange Traded Funds recording nearly $1.25 billion in inflows last week. Jupiter and Zcash extend gains over the last 24 hours, leading the broader crypto market rally.
STOCKS
Hiking, economy and stocks
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: ECB to hike as Trump pushes for lower US rates
Why hawkish Bank of Japan expectations aren't enough to sustain the Japanese Yen rally
Gold: Fed uncertainty caps the upside
Bitcoin: Gearing up for a sharp move
US Dollar: The Dollar had every reason to rally. Why didn't it?
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
S&P revises outlook on Freedom Holding Corp. and core subsidiaries to positive
S&P Global Ratings has revised the outlook on the long-term credit ratings of Nasdaq-listed Freedom Holding Corp. and its four core operating subsidiaries from “stable” to “positive,” while affirming their international credit ratings.
Moody’s assigns first-time insurance financial strength ratings to Freedom Insurance and Freedom Life
Moody’s Ratings has assigned insurance financial strength ratings to two Freedom Holding Corp. (Nasdaq: FRHC) insurance subsidiaries for the first time.
Can you buy crypto in a Roth IRA?
Cryptocurrency and retirement accounts may seem like two completely different parts of the financial world. One moves around the clock and can experience sharp price changes within hours. The other is designed to hold investments for years or even decades. Yet the two can exist in the same account.