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Australian Dollar Price Forecast: In the RBA bulls trust
Directional bias: while above the 200-day SMA, it should maintain the neutral-to-bullish stance, although a persistent inability to clear 0.7000 leaves spot exposed to another rejection.
Bitcoin vs Gold Overview: XAU tests breakout, BTC slides as Trump claims Iran negotiations
The cryptocurrency market shows signs of trimming gains accrued last week as Bitcoin (BTC) slides below $65,000 at the time of writing on Monday. Meanwhile, Gold (XAU/USD) maintains a bullish outlook, hovering above $4,350.
XAU/USD Price forecast: Gold pressures recent highs, aims for $4,400
Spot Gold trades near the multi-week peak posted on Friday at $4,371.79, recovering ground after starting the week with a down note.
Japanese Yen weakens as surprise current account deficit weighs
USD/JPY advances 0.73% on Monday and trades around 158.95 at the time of writing.
Dow Jones Industrial Average begins pricing a 2029 war premium
The Dow Jones Industrial Average trades near 53,900 on Monday, lower by three tenths of a percent and pinned to the bottom of a session that has covered barely 200 points, the narrowest daily bar in weeks. Every price of the day sits inside Friday's range, and Friday's sat inside Thursday's.
Ripple Price Forecast: XRP remains range-bound above key support
Ripple (XRP) holds firmly above the $1.00 near-term support at the time of writing on Monday. The remittance token’s upside is capped under key descending moving averages, undermining the broader technical outlook.
US Dollar: Higher hurdle for sustained gains – MUFG
MUFG’s Derek Halpenny notes that weaker US jobs data have not triggered a strong reaction in Dollar or rates, as markets await key Consumer Price Index (CPI) releases and another Nonfarm Payrolls (NFP) before the September Federal Open Market Committee (FOMC).
Euro: Modest upside bias against US Dollar as Fed repricing – Rabobank
Rabıobank's Senior FX Strategist Jane Foley discusses recent EUR/USD strength, noting it was mainly driven by a softer Dollar after weak United States (US) labour data reduced Federal Reserve (Fed) rate hike expectations.
Freedom Holding Corp. reports 40% increase in quarterly revenue to $732.5 million
Revenue in the brokerage and banking segments grew by 60% and 54%, respectively; total assets reached $14.0 billion as the company continued to expand its digital ecosystem and international banking presence
Australian Dollar: RBA policy pause maintained – TD Securities
TD Securities strategists expect the Reserve Bank of Australia (RBA) to leave the cash rate unchanged at 4.35%, noting that policy is already restrictive and that Australian activity, particularly housing, is slowing in response to earlier hikes.
Japanese Yen: BoJ tightening risks support JPY – BNY
BNY’s Wee Khoon Chong highlights that long-end JGB yields are rising on inflation and fiscal concerns, with markets pricing a roughly 50% chance of a 25bp BoJ hike in September and a full hike by year-end.
Oil: Strait risk and cautious positioning – ING
ING analysts Ewa Manthey and Warren Patterson note that Oil prices remain supported by uncertainty around the Strait of Hormuz as US-Iran negotiations continue.
Silver tests $65: Why are buyers struggling to extend the rally?
Silver (XAG/USD) struggles to extend its gains on Monday following last week’s strong breakout as traders assess the Federal Reserve’s (Fed) interest rate outlook amid risks on both sides of its dual mandate.
Cryptocurrencies Price Prediction: Bitcoin, Worldcoin & Crypto – European Wrap 10 August
Bitcoin (BTC) holds above $65,000 at the time of writing on Monday, after recovering more than 2% last week, with bulls finding support around the 200-week Simple Moving Average (SMA). Strong spot Exchange Traded Funds (ETFs) inflows point to renewed institutional demand.
Norwegian Krone: Rate hike odds slashed after soft inflation – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes that Norwegian Krone (NOK) is trading mixed as firmer Oil offsets the drag from reduced Norges Bank tightening expectations.
Canadian Dollar steadies, caught between risk aversion, rebounding Oil prices
USD/CAD trades around 1.3940 on Monday at the time of writing, virtually unchanged on the day after falling sharply on Friday.
US Dollar: Fed pricing shifts with softer data – Deutsche Bank
Deutsche Bank strategists note that Friday’s mixed United States (US) Nonfarm Payrolls (NFP) report led to a notable repricing of September Federal Open Market Committee (FOMC) odds, with futures-implied probability of a hike falling to 44%.
Australian Dollar approaches two-month highs at 0.7088 with RBA decision on tap
The Australian Dollar (AUD) holds gains, in the mid-range of the 0.7000s against the US Dollar (USD) on Monday, with two-month highs of 0.7088 at hand. The Aussie is capitalising on the US Dollar’s weakness, as hopes of Federal Reserve (Fed) rate hikes wane.
EUR/USD Price Forecast: On verge of downward-trendline breakout
The Euro (EUR) trades slightly lower at around 1.1550 against the US Dollar (USD) during the European trading session on Monday.
Federal Reserve: September hike odds reassessed – Rabobank
Rabobank’s Bas van Geffen comments that weaker United States (US) Nonfarm Payrolls (NFP) and a drop in labour supply have reduced urgency for another Federal Reserve (Fed) rate hike, though policy remains data‑dependent.
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