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AUD/USD: Next stop at 0.6600
AUD/USD rapidly reversed Friday’s advance and revisited the 0.6580 region for the first time since early November 2024 on Monday. Extra gains in the Aussi came on the back of another disappointing session in the US Dollar, which slipped back to multi-year lows vs. its peers.
EUR/USD: Correction ahead of extra gains?
EUR/USD extended its rally for the eighth consecutive day on Monday, this time approaching the key barrier at 1.1800 the figure. The impressive rally in the European currency remained underpinned by unabated downward pressure on the Greenback, sending the US Dollar Index (DXY) to new multi-year troughs.
Gold: Further losses could extend to $3,120
Gold prices extend their positive start to the week, trading with moderate gains, while a return to the important $3,300 per troy ounce barrier remained elusive so far on Monday. The comeback in the precious metal follows a marked dip in the US Dollar, lower US rates, and expectations that the Fed may ease more in the latter half of the year.
XRP Ledger to support Ethereum smart contracts, XRP eyes 10% gains
Peersyst Technology, which builds on the XRP Ledger blockchain, made a key announcement on Monday. The developers welcomed Ethereum-based decentralized applications (dApps) and protocols to the XRP Ledger through the launch of a new sidechain.
DEEPER DIVE
US real estate: A market in convalescence, between hopes and constraints
Despite tentative signs of improvement, the US real estate market remains trapped in a familiar dilemma: high prices and dissuasive interest rates. The latest data published on home sales, house prices and loan applications confirm one fact: activity is stabilizing, but at a historically low level.
The US Dollar just posted its worst first-half performance in decades: What’s behind the downfall?
The USD continues to slide, posting its worst first-semester performance in nearly forty years, according to Bloomberg data reported by SMM. While US President Donald Trump's re-election was initially seen as a supportive factor for the Greenback, recent developments reflect a very different reality
Germany's €850 billion gamble: Can debt save Europe’s economic engine?
After three years of unprecedented economic stagnation, record business bankruptcies and flagging confidence, Germany seems to have reached a breaking point. Europe's industrial powerhouse, long a champion of budgetary orthodoxy, is now radically turning its back on past austerity.
CRYPTOCURRENCIES
Ripple Price Forecast: XRP uptrend suppressed despite steady open interest, fund inflows
Ripple (XRP) bulls face increasing overhead pressure, which continues to cap their recovery below the resistance level at $2.22. The cross-border money transfer token is trading at $2.17, down over 1% on the Monday.
Crypto Today: Bitcoin, Ethereum, XRP bullish structure holds amid steady institutional interest
Bitcoin consolidates above $107,000, with the uptrend bolstered by steady inflows into spot ETFs. Metaplanet purchases 1,005 BTC, bringing the company's total holdings to 13,350 BTC.
Bitcoin Price Forecast: BTC ends Q2 with 30% gains, eyeing fresh record high as ETF inflows surge
Bitcoin (BTC) is hovering around $108,000 at the time of writing on Monday after gaining more than 7% last week. Bitcoin concludes a strong second quarter, with gains exceeding 30%.
STOCKS
S&P 500 notches new all-time high despite rising inflation print Premium
The S&P 500 has garnered a new all-time high on Friday, reaching 6,170 at the time of writing to overtake the February 19 high from four months ago. The index has risen slightly more than half a percentage point.
IGC Pharma, Inc. (IGC) reports Q4 loss, beats revenue estimates
IGC Pharma, Inc. came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to a loss of $0.04 per share a year ago. These figures are adjusted for non-recurring items.
WEEKLY FORECAST
EUR/USD: Middle East crisis out, Fed’s leadership in Premium
Easing Middle East tensions overshadowed by Trump’s threat to fire Fed’s Powell. US employment and European inflation take centre stage in the upcoming days. EUR/USD holds to substantial gains, hinting at higher highs ahead.
GBP/USD: Pound Sterling awaits central bank talks in the NFP week Premium
The Pound Sterling rebounded firmly to hit over three-year highs against the US Dollar. GBP/USD traders await speeches from Powell and Bailey ahead of the US Nonfarm Payrolls. The daily technical setup suggests further upside for the GBP/USD pair.
Gold: Bearish pressure builds up ahead of US employment data Premium
Gold (XAU/USD) came strong under selling pressure and fell below $3,300 as geopolitical tensions in the Middle East eased. The technical outlook reflects a bearish bias in the near term as investors gear up for June employment data from the US.
Bitcoin: Inches away from all-time highs
Bitcoin price recovers nearly 7% so far this week, remaining just inches away from its record levels. Global risk appetite is increasing as the ceasefire between Iran and Israel, along with the Fed's softer stance on crypto-related banking, takes hold.
US Dollar: US labour market will be at centre of debate Premium
The US Dollar Index falls to more than three-year lows this week. The post-ceasefire optimism weighs heavily on the Greenback. The Fed’s next rate cut is expected at the September 17 meeting.
Week ahead – Markets eye Nonfarm Payrolls as Trump’s pressure on Fed mounts
Middle East ceasefire and Fed shenanigans weigh on the Dollar. ISM PMIs and Nonfarm payrolls to impact Fed rate cut bets. Eurozone inflation and ECB forum to be closely monitored by euro traders.
