AUD/USD hits three-month peak above 0.7200, eyes on Warsh
AUID/USD sits at a three-month high above 0.7200 in Asia on Friday, even though the US Dollar steadied on solid jobs data and hawkish comments by Federal Reserve officials. The overall risk-on market environment and hawkish RBA monetary policy expectations underpin the Aussie.
USD/JPY steadies near 159.50 as hot Tokyo core CPI boosts BoJ rate hike bets
USD/JPY holds steady near 159.50 in the Asian session on Friday, with the upside capped as the Japanese Yen finds support from Japan’s Tokyo Consumer Price Index inflation data. Core CPI inflation picked up more than expected, strengthening the case for a September Bank of Japan rate hike. All eyes will be on a speech by Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium later on Friday.
Gold resumes profit-taking pullback before Warsh’s Jackson Hole speech
ENA jumps over 20% as Ethena pushes to end investor unlock overhang
The Ethena Foundation has announced a series of measures to address two long-standing concerns about its ecosystem, including selling pressure from early investors and uncertainty over how the protocol's economic value is distributed.
DEEPER DIVE
Kevin Warsh’s Jackson Hole dilemma: Say too much, too little, or just enough
Kevin Warsh is preparing to deliver his first Jackson Hole speech as Federal Reserve (Fed) Chair on Friday, and expectations extend well beyond whether interest rates will be raised or left unchanged in September.
I thought newly launched meme coins were my ticket to wealth: Here's what actually happened
I’ve been trading cryptocurrencies for the past seven years, with meme coins becoming one of the most exciting and implacable parts of my experience. I love them because they represent internet culture and community sentiment, and, let’s be honest, extreme speculation.
60 days to pay: Nvidia is financing its own demand
The Jensen Huang-helmed Nvidia (NVDA) delivered its second-quarter earnings print with its stock roughly 11% beneath the peak it set in May and around 8% beneath where it traded in mid-August, on the day it told the market it would stand behind up to $105 billion of a single customer's rent.
CRYPTOCURRENCIES
XRP rebounds on surging whale accumulation
Ripple (XRP) holds above $1.40 support on Wednesday, as bulls return to take control following three consecutive days of declines. The remittance token’s upside appears capped at $1.50 while extended gains would face additional resistance at $1.70.
Bitcoin extends gains as investors shift to debasement-resistant assets
Bitcoin extends rally toward $80,000 amid persistent bullish momentum. Bitcoin’s SOPR indicator above 1 signals mild profit-taking, and a continued trend could suggest steady price growth as buyers absorb supply.
Crypto Today: Bitcoin, Ethereum, XRP bulls regain strength amid steady capital inflows
Cryptocurrency prices are broadly edging higher on Thursday, led by Bitcoin’s uptick near $80,000. Altcoins mirror Bitcoin’s short-term bullish outlook, with Ethereum trading above $2,500 and Ripple hovering above its key $1.40 support.
STOCKS
Nvidia earnings: AI boom meets margin test
Another beat-and-raise quarter: Revenue beat expectations by 4.2%, Q3 guidance came around 4% above consensus and management now expects approximately 70% growth in fiscal 2028 vs. current expectations of 45%, confirming that demand remains stronger than available supply.
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: The US Dollar’s new enemy is the bond market
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
OneRoyal appoints Nicole Heinrich as Global Head of Sales
Leading global financial services provider, OneRoyal, announces the appointment of Nicole Heinrich as Global Head of Sales, further strengthening the company’s commercial operations and ensuring a strong foundation for continued long-term growth and expansion.
Harmovest Capital strengthens global financial services through technology and compliance
Harmovest Capital today announced the continued development of its global financial services platform, bringing together technology, international market access, compliance and professional services within an integrated financial ecosystem.
Drovix launches in-house multi-asset liquidity and execution stack for sub-millisecond fills, tighter spreads
Drovix (MU) Ltd, licensed by the Financial Services Commission of Mauritius as an Investment Dealer (Full Service Dealer, license GB21026813) and acting as a principal execution counterparty, has brought its institutional liquidity and execution stack to market.