EUR/USD remains weak below 1.1550 ahead of German ZEW
EUR/USD attracts some sellers for the fourth straight day and trades below 1.1550 in the European session on Tuesday. The fundamental backdrop suggests that the path of least resistance for the pair remains to the downside amid unabated US Dollar demand and ahead of Germany's ZEW Survey.
GBP/USD remains pressured below 1.3500 after mixed UK jobs data
GBP/USD remains in the red below 1.3500 in the European session on Tuesday. The UK ILO Unemployment Rate unexpectedly stayed at 4.9% in three months to July. But Claimant Count Change increased by 27.8K in August versus +8.3K expected, keeping the bearish pressures intact around the Pound Sterling. Meanwhile, the US Dollar continues to capitalize on hawkish Fed expectations, remaining a drag on the pair.
Gold struggles below $4,300, near one-month low as USD sticks to gains ahead of Fed
Gold struggles to capitalize on its modest Asian session uptick, and remains close to a one-month low, which it touched the previous day. The commodity currently trades just below the $4,300 mark as traders move to the sidelines ahead of the crucial two-day FOMC policy meeting, starting later today.
Dogecoin clings to EMA support as recovery lacks conviction
DEEPER DIVE
Venezuela’s 65-billion-barrel Oil deal could reshape America’s inflation fight
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
Solana Price Forecast: SOL consolidates as ETF inflows and on-chain activity rise
Solana (SOL) edges lower on Tuesday, following a 3% rise to start the week, extending its consolidation around the $100 psychological mark. Institutional confidence holds firm in the layer-1 blockchain, with $11 million in inflows on Monday, showing signs of increased risk appetite ahead of the CLARITY Act cloture vote scheduled for Tuesday.
CLARITY Act faces fresh pressure ahead of key Senate cloture vote
Ripple and Stellar outlook: Extend gains as derivatives support upside
Ripple and Stellar extend their gains after surging over 6% and 8%, respectively, on the previous day. In addition, improving derivatives metrics support a bullish bias, signaling further gains for both altcoins. Derivatives data shows bullish bias among traders. CoinGlass’ long-to-short ratios for XRP and XLM read 1.15 and 1.35, respectively, on Tuesday.
STOCKS
US stocks dive on Monday as CEOs mull AI 'slowdown', soaring Oil and Fed hike
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: To hike or not to hike? Kevin Warsh between a rock and a hard place
Global inflation watch: Muted momentum outside of energy
Gold: Fed rate call and dot plot key for next directional action
Bitcoin: BTC retreats as macro headwinds grow
US Dollar: No country for soft landings
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
Reimagining finance: DIFC to convene global leaders across banking, private markets, asset management, FinTech, public policy and sustainability at Dubai Future Finance Week
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has confirmed the programme for the inaugural edition of the Dubai Future Finance Week.
FxPro launches Weekend Trading on popular global markets
New 365 instruments allow clients to trade Gold, Silver, Oil, Natural Gas and Nasdaq throughout the weekend.
STARCARES-renovated court in Thailand grows into a shared space for school and community
STARCARES announced the completion of its sports court renovation project at Ban Nam Lat School in Sukhothai, Thailand, providing students and nearby residents with an improved, multi-use space for physical education, sports, and community activities.