AUD/USD extends the bull run; focus is now on 0.7100

AUD/USD extends the bull run; focus is now on 0.7100

AUD/USD keeps the bid tone unchanged on Wednesday, building on Tuesday’s gains and leaving behind the 0.7000 hurdle with some conviction for now. The pair’s rebound follows another bearish sessiof of the Greenback as investors continue to assess the likelihood of a US-Iran deal in the short term. Moving forward, trade balance figures from Australia and China will take centre stage in Asia on Thursday.

EUR/USD hovers around two-month peaks near 1.1560

EUR/USD hovers around two-month peaks near 1.1560

EUR/USD advances for the second day in a row, challenging multi-week highs in the 1.1560 zone on Wednesday. The persistent weakness hitting the US Dollar underpins the move higher in spot while market participants continue to closely follow developments from the Middle East and gear up for upcoming key data releases in the US jobs market. On Thursday, all the attention will be on the release of weekly Claims alongside Challenger Job Cuts.

Gold climbs to two-month peaks around $4,250

Gold climbs to two-month peaks around $4,250

Gold extends the weekly optimism, surpassing the $4,200 mark per troy ounce to hit new two-month highs on Wednesday. Steady optimism surrounding a US-Iran deal keep the demand for the US Dollar depressed, underinning the yellow metal’s multi-day recovery.

Gold vs Bitcoin Price Prediction: Breakout momentum builds on Strait of Hormuz deal hopes

Gold vs Bitcoin Price Prediction: Breakout momentum builds on Strait of Hormuz deal hopes

Gold (XAU/USD) is accelerating its rebound near $4,250 at the time of writing on Wednesday amid easing geopolitical tensions after United States (US) President Donald Trump said that a deal to reopen the Strait of Hormuz was imminent. Bitcoin (BTC) mirrors the metal’s near-term bullish bias, edging higher toward the resistance at $65,000.

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DEEPER DIVE

Three central banks held rates this week. Here's what has them all worried

Three central banks held rates this week. Here's what has them all worried

The Federal Reserve (Fed), Bank of England (BoE) and Bank of Japan (BoJ) all kept interest rates unchanged this week. Anyone looking at the decisions alone might conclude that monetary policy had entered a quiet period. The message beneath the surface was very different.
9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.
Where the Pound is headed as war, fiscal cracks and central banks collide

Where the Pound is headed as war, fiscal cracks and central banks collide

Looking back, 2026 has not been a bad year for the British Pound (GBP). The GBP/USD pair is less than 1% below the year-opening levels, which, comparatively, is far from the worst performance among major currencies, especially considering that a major conflict erupted in the Middle East, Crude Brent oil reached levels above $120, and the UK cabinet collapsed in the meantime, although the latter is not that uncommon. 

CRYPTOCURRENCIES

XRP falls toward $1.00 amid muted ETF activity

XRP falls toward $1.00 amid muted ETF activity

Ripple (XRP) edges lower toward the short-term $1.05 psychological support level at the time of writing on Wednesday. This marks three consecutive days of losses, undermining investor interest and the broader optimism for a potential deal between the United States (US) and Iran to reopen the Strait of Hormuz.
Swiss-based Taurus gives banks access to Hedera via unified digital asset platform

Swiss-based Taurus gives banks access to Hedera via unified digital asset platform

Taurus, a Switzerland-based digital asset infrastructure provider, announced on Wednesday that it has extended its services, targeting banks and regulated financial institutions on the Hedera (HBAR) network. Meanwhile, HBAR is paring losses, trading above $0.0650 at the time of writing. The token shows signs of stability amid a broader bearish trend.
Crypto markets trade muted, lag risk rally

Crypto markets trade muted, lag risk rally

Whilst hopes for a US-Iran agreement to revive the Strait of Hormuz and renewed AI-trade optimism lifted US equities to all-time highs, major cryptocurrencies remained largely sidelined on Wednesday. Bitcoin and Ether hovered near $64,000 and $1,800, respectively, extending their recent period of consolidation rather than participating in a broader risk rally they would normally follow.

STOCKS

Advanced Micro Devices sinks afterhours as earnings offer slight beat

Advanced Micro Devices sinks afterhours as earnings offer slight beat

Advanced Micro Devices (AMD) stock sank over 8% afterhours on Tuesday despite the chipmaker reporting a slight beat on earnings. Adjusted earnings per share came in at $1.66, besting the consensus by 5 cents. Revenue of $11.54 billion beat the consensus by $230 million and grew 50% YoY.

Nasdaq 100 rebound looks strong… or is it just a trap?

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 in trouble as Warsh chickens out

EUR/USD: US Dollar in trouble as Warsh chickens out

The EUR/USD pair closes July with modest gains near the 1.1500 mark, adding over 1.1% in the last trading week. Price action throughout the month was dull to say the least as investors remained clueless, although the pair managed to hit 1.1530 ahead of the close.
Japanese Yen mid-year outlook: Why BoJ rate hikes aren't saving the Yen — and what actually would

Japanese Yen mid-year outlook: Why BoJ rate hikes aren't saving the Yen — and what actually would

The Japanese Yen (JPY) has experienced a pronounced downtrend since the beginning of 2026, hitting a series of multi-decade lows versus the US Dollar (USD) heading into the second half of the year.
Gold: Bull hesitancy persists despite weaker US Dollar

Gold: Bull hesitancy persists despite weaker US Dollar

Gold (XAU/USD) struggled to make a decisive move in either direction as the persistent US Dollar (USD) weakness was offset by a widening conflict in the Middle East. July employment data from the United States (US) could trigger a big reaction in Gold, while the near-term technical outlook highlights a lack of buyer interest.
Bitcoin: Bulls hold the line

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.
Here is what you need to know for Tuesday, August 4:

Here is what you need to know for Tuesday, August 4:

Oil prices fell sharply on Monday amid growing expectations that talks between the US and Iran will resume soon. US President Donald Trump stated that conversations are underway after Tehran said it had no plans for direct negotiations. The US Dollar Index (DXY) rises around 0.1% and trades near 99.90, holding just below the 100.00 threshold.
Week ahead – US payrolls report and AI earnings to keep investors on edge

Week ahead – US payrolls report and AI earnings to keep investors on edge

With the Fed still pondering how soon it would be appropriate to raise interest rates, the July jobs report looks set to take centre stage in a week where little else is likely to attract much attention. Although with tensions in the Middle East remaining high and blockbuster earnings struggling to stop the bleeding on Wall Street, volatility isn’t about to ebb.

EDUCATION

Something has gone completely wrong in enterprise AI

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

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

Moneta Markets Strengthens UAE Presence with CMA Category 5 Licence

Moneta Markets Strengthens UAE Presence with CMA Category 5 Licence

Moneta Markets’ new regulatory milestone reinforces the broker’s long-term commitment to the UAE and its continued investment in transparent, locally established operations.

Orbs launches community governance vote to establish its DAO framework

Orbs launches community governance vote to establish its DAO framework

Orbs, the decentralized Layer-3 blockchain infrastructure focused on advanced on-chain trading, today announced the launch of OIP-9 (Orbs Improvement Proposal 9), the project's first formal community governance vote to establish the Orbs DAO and introduce its governance framework.

Rising Africa Trader Cup Opens Across 37 African Countries, Giving Traders an Equal Start and a Shot at Cash Prizes

Rising Africa Trader Cup Opens Across 37 African Countries, Giving Traders an Equal Start and a Shot at Cash Prizes

EBC Financial Group launches a demo trading competition across Africa, offering a USD1,000 prize pool, 20 prize positions, and the same starting equity for every participant

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