EUR/USD picks up pace; revisits 1.1530
EUR/USD trades with decent gains above the 1.1500 yardstick on Thursday. Persistent uncertainty in the Middle East fuels risk aversion, limiting the US Dollar’s downside potential. Earlier in the day, both US Producer Prices and weekly Claims missed market consensus, adding to the buck’s soft tone.
GBP/USD treads water around 1.3500
GBP/USD keeps gyrating around the 1.3500 region amid humble gains on Thursday. In the meantime, Cable’s irresolute price action comes as investors continue to assess mixed UK data, poor US results as well as the persistent uncertainty surrounding the US-Iran conflict.
Gold meets resistance around $4,450
Gold extends its intraday pullback on Thursday, retesting the $4,370 zone per troy ounce and fading Wednesday’s uptick. Meanwhile, the precious metal continues to monitor developments from the Middle East as well as bets surrounding the potential Fed’s rate path.
Crypto Today: Bitcoin, Ethereum, XRP remain sluggish amid mixed ETF flows
The cryptocurrency market continues to trade sideways on Thursday, with Bitcoin struggling to reclaim the $64,000 level. Ethereum is attempting to build momentum near the key $1,900 resistance, while Ripple maintains support above $1.00, yet upward movement remains limited.
DEEPER DIVE
Why is Crude Oil priced for a reopening the ships haven't made?
Why the WTI sell-off may be hiding a supply warning
911 million shares freed: Why SpaceX rallied into its own supply
The most heavily trailed supply event of the year landed on August 6, and the SpaceX (SPCX) stock went up. Roughly 911.5 million shares held by insiders and early backers became eligible to trade, around 43% more than the entire float sold at the listing.
CRYPTOCURRENCIES
Ripple recovery lacks momentum as bulls defend $1.00 support
Ripple maintains a bearish outlook while trading above its immediate $1.00 support on Thursday. The remittance token has sustained a steady decline from the July high of $1.18, underpinning reduced demand and the lack of catalysts to sustain recovery.
Crypto Today: Bitcoin, Ethereum, XRP remain sluggish amid mixed ETF flows
The cryptocurrency market continues to trade sideways on Thursday, with Bitcoin struggling to reclaim the $64,000 level. Ethereum is attempting to build momentum near the key $1,900 resistance, while Ripple maintains support above $1.00, yet upward movement remains limited.
Bitcoin Price Forecast: BTC rebounds slightly as consolidation range keeps direction unclear
Bitcoin rebounds mildly, trading above $63,800 at the time of writing on Thursday after four consecutive days of losses. BTC has been trading sideways since mid-July, while cautious institutional flows and neutral momentum indicators suggest traders remain hesitant, pointing to a lack of clear directional bias.
STOCKS
AI trade far from over as CoreWeave, Nebius surge on outlook
CoreWeave stock has exploded 21% at the start of trading on Wednesday. The AI cloud computing company beat Wall Street's expectations during its post-market second-quarter earnings release on Tuesday. CoreWeave reported $-1.14 in GAAP earnings per share, 33 cents better than consensus. Revenue also narrowly beat the consensus, rising 112% YoY to $2.58 billion.
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 inflation and war doldrums to keep shaping market’s mood
Why the WTI sell-off may be hiding a supply warning
Gold: Bullish pressure builds on easing Fed rate hike bets
Bitcoin: Can bulls weather the market uncertainty?
US Dollar: Sticky inflation, weaker jobs and hopes of peace
Week ahead – US CPI data, BoJ summary and RBA decision take the stage
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
Weltrade officially launches in South Africa under FSCA licence
The global CFD broker brings 20 years of industry experience and an award-winning product offering to one of Africa's most active retail trading markets.
From Chinese AI to global ETFs: STARTRADER launches 45 new 24/7 stock and ETF CFDs
Available from August 13, 2026, the launch covers seven distinct market themes with no trading-hour restrictions.
Monolith Market introduces four account types for different trading profiles
Monolith Market has structured its offering into four account types — Standard, Advanced, Professional and Corporate/Institutional — each with distinct conditions and service levels, designed for different operating profiles.