EUR/USD advances to 1.1600 as USD slips ahead of Fed Minutes
EUR/USD stretches higher toward 1.1600 in Wednesday's European session. The US Dollar resumes its downside as weak US economic data weigh on expectations of tighter Federal Reserve policy. Traders will take further cues from ECB President Christine Lagarde’s speech and the FOMC Minutes later in the day.
GBP/USD clings to recovery gains near 1.3550 after UK CPI data
GBP/USD holds recovery near 1.3550 in European trading hours on Wednesday. The UK annual Consumer Price Index (CPI) inflation picked up to 2.9% in July, meeting estimates, while core CPI rose by 2.6% YoY in July versus 2.5% expected. Mixed UK inflation data failed to provide any impetus to the British Pound.
Gold climbs back above $4,350 as USD remains depressed ahead of FOMC Minutes
Gold climbs back above $4,350 during the first half of the European session, reversing a part of the previous day's heavy losses. The US Dollar attracts some sellers, and for now seems to have stalled this week's goodish recovery from a two-month low, which is seen as a key factor supporting the commodity. Bulls, however, might opt to wait for more cues about the US Federal Reserve's future policy path before placing fresh directional bets on the non-yielding yellow metal.
Shiba Inu's recovery hinges on key support
Shiba Inu recovers slightly, trading at $0.0000044, after finding support around the critical level earlier this week. The dog-themed meme coin shows improving sentiment as social dominance rises, funding rates turn positive, and bullish traders increase their long positions. On the technical side, SHIB suggests a potential recovery if it holds above the key $0.0000043 level.
DEEPER DIVE
Why is Crude Oil priced for a reopening the ships haven't made?
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.
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
Crypto Overview: Bitcoin remains vulnerable – Venice, Sky extend gains
Bitcoin hovers above $64,000 facing persistent headwinds amid hopes of a potential bullish reversal. Crypto market sentiment shows early signs of shifting away from risk-averse conditions, while Venice Token (VVV) and SKY are leading gains over the past 24 hours.
Top 3 Price Prediction: BTC breaks 50-day EMA, ETH near critical resistance, XRP hints mild recovery
Bitcoin shows early signs of recovery, trading around $63,400 after a 2.9% gain and a close above key resistance earlier this week. Ethereum continues to trade sideways, nearing the upper consolidation range near $1,919, where a close above this level suggests a rally ahead.
Ethereum Price Forecast: Investors remain on the sidelines
Ethereum continued its consolidation pattern over the past week with several key on-chain and derivatives metrics indicating traders remain hesitant to return to the market. The holdings across several wallet cohorts remained largely unchanged over the past week. Wallets holding 10K-100K ETH, also classified as whales, saw modest inflows of only 10K ETH.
STOCKS
ASML Elliott Wave analysis: Bullish path toward $2108–$2287
ASML Holding N.V. provides lithography solutions for the development, production, marketing, sales, upgrading & servicing semiconductor equipment systems. It also offers hardware, software & services to chipmakers to produce the patterns of integrated circuits. It comes under the Technology sector & trades as ‘ASML’ ticker at Nasdaq.
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: War escalation can bring back US Dollar demand
Why SpaceX bonds disagree with the stock
Gold: Mideast stalemate keeps bullish potential in check
Bitcoin: Hormuz uncertainty clouds BTC outlook
US Dollar: Fed hawks circle, but weak data clips the Dollar’s wings
Week ahead – Summer lull could be tested by geopolitics and central bank expectations
US dollar stabilizes as September Fed hike bets remain subdued. Market volatility stays low, but thin liquidity could amplify movements. Key UK data could challenge pound strength; euro craves bullish catalysts.
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
STARPRIME completes beta testing of Market-Maker model for retail brokers
The Market-Maker Model developed by STARPRIME has completed an extensive beta-testing phase, working with a select number of clients. The term ‘market maker’ carries a stigma of being a bad actor in our industry. That reputation has identifiable origins, and some of it has been earned.
Freedom Holding marks New Türkiye milestone as Freedom Yatırım secures brokerage license
Freedom Yatırım Menkul Değerler A.Ş., a subsidiary of Freedom Holding Corp. (NASDAQ: FRHC), has received an operating license from the Capital Markets Board of Türkiye (CMB).
FP Trading establishes onshore regulatory presence in the UAE through new CMA licence
FP Trading, an international forex and CFD brokerage, has been granted a Category 5 licence by the UAE's Capital Market Authority (CMA), formerly the Securities and Commodities Authority (SCA), giving the company a regulated, onshore footing in the country for the first time.