Gold struggles to capitalize on modest intraday gains as traders keenly await the US NFP report.Rising Fed rate cut bets keep the USD bulls on the defensive and lend support to the commodity.Persistent trade-related uncertainties further act as a … [Continue reading]
EUR/USD rises above 1.1650 ahead of Q2 Eurozone GDP data
EUR/USD appreciates as the Euro receives support from a cautious tone surrounding the ECB policy outlook.Eurozone Gross Domestic Product is projected to hold steady at 1.4% YoY and 0.1% QoQ growth in Q2.The US Nonfarm Payrolls are expected to rise by … [Continue reading]
USD/JPY holds steady near 148.50, all eyes on US NFP release
USD/JPY trades flat around 148.50 in Friday’s early Asian session. ADP and Initial Jobless Claims data indicated a weakening labor market. The US August NFP report will be closely watched later on Friday. The USD/JPY pair flat lines … [Continue reading]
Gold slips below $3,550 as US Dollar rebound offsets Fed cut bets
XAU/USD pulls back as traders book profits ahead of NFPs, despite 98% probability of Fed rate cut this month.US Jobless Claims rise while trade deficit widens; ISM Services PMI posts strongest expansion in six months.Political turmoil, tariff rulings … [Continue reading]
GBP/USD consolidates as ADP jobs disappoint, ISM Services PMI tops forecasts
GBP/USD consolidates near 1.3430 after rebounding from a one-month low on Wednesday.US Dollar Index steadies above 98.00 following mixed US labor market data.US private payrolls increased by 54K in August, below the 65K forecast and sharply lower … [Continue reading]
Pump.fun’s new model revives the Solana-based meme coins culture
Pump.fun’s new creator fee model boosts revenue, surpassing Hyperliquid over the last 24 hours. SPL tokens created on Wednesday hit the highest level since mid-August, indicating an increase in meme coins on the network.Circle mints another 250 … [Continue reading]
EUR/JPY Price Forecast: Key resistance level emerges near 173.00
EUR/JPY flat lines around 172.65 in Thursday’s early European session.Positive view of the cross prevails above the 100-day EMA, with the bullish RSI indicator.The immediate resistance level emerges at the 172.90-173.00 region; the first support … [Continue reading]
WTI drifts lower to near $65.50 amid fears of OPEC triggering oversupply
WTI price edges lower to near $65.50 in Thursday’s early Asian session. Oil loses ground after a report that OPEC+ will consider a fresh round of production increases on Sunday.API inventory showed an unexpected build in crude stocks last … [Continue reading]
XRP price poised to rally amid Ripple Payments expansion
XRP eyes a short-term breakout above $3.00 as bullish market sentiment takes root in the broader crypto market.The SEC and CFTC collaborate to expedite the spot trading of certain digital assets on US-registered exchanges.Ripple and Thunes network … [Continue reading]
GBP/USD rises to 1.3440 as strong UK data offsets US weakness
GBP/USD rebounds from 1.3332 lows 1.3442 as US Dollar slips after Tuesday’s sharp rally above DXY 98.50.US JOLTS report shows July job openings fell sharply, highlighting tariffs’ drag on hiring and manufacturing weakness.UK Services PMI jumps to … [Continue reading]