Six major net contributors demanded substantial cuts to the European Commission’s proposed 2028–2034 EU budget. Germany, Denmark, the Netherlands, Austria, Finland and Sweden issued a joint position on 27 August calling for the nearly €2 trillion proposal to be reduced by several hundred billion euros and rejecting additional common EU borrowing.

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Mexican Peso: Support from real rates and US talks – Commerzbank

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Australian Dollar corrects against US Dollar, US CPI takes centre stage

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Dow Jones futures slide as inflation, trade risks mount

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Hungarian Forint: Holds firm against Euro below 371 - Societe Generale

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In-Depth Analysis

Diesel’s record $100 warning: The oil shock hiding in plain sight

The Oil market may look calmer than it did a few months ago, but diesel is sending a very different message. The US diesel crack spread, the premium of ultra-low sulphur diesel futures over WTI, recently surged above $100 per barrel for the first time, reaching an intraday record of just over $102.00.

Canada's 6.4% unemployment rate: Why Friday's jobs print puts the BoC's slack story on trial

2% wages: Why Canada’s weak jobs data strengthens the BoC’s stance

Why hawkish Bank of Japan expectations aren't enough to sustain the Japanese Yen rally

Crypto’s $638 million buyback boom may not be as bullish as it looks

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Cryptocurrencies

Shiba Inu Price Forecast: SHIB stalls as rising supply on exchanges warns of profit-taking

Shiba Inu stalls above $0.00000500 following two consecutive bullish months as upside momentum eases. Volatile investors' interest in the meme coin amid rising supply on exchanges warns of profit-taking despite consistent token burns.

Dogecoin Price Forecast: Whales accumulate as DOGE uptrend stalls below 200-day EMA

Dogecoin holds a modest bullish bias, trading above the key support zone around $0.090; however, it is capped below the 200-day Exponential Moving Average near $0.094. On-chain data shows certain whale wallets are accumulating DOGE tokens, while strengthening derivatives metrics support a rally ahead for the meme coin.

Ripple and Stellar outlook: Hold bullish bias above EMAs as derivatives back upside

Ripple and Stellar hold above the key support zones, hinting at an upside move. Derivatives metrics further support the recovery, with both altcoins showing positive funding rates and rising long positions. Derivatives data shows a bullish tilt among XRP and XLM traders.

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Stocks

Elliott Wave: S&P 500 concluding impulsive advance before larger correction

The short-term Elliott Wave view for the S&P 500 (SPX) indicates that the cycle from the June 9 low is approaching maturity. The structure is close to completing a five-wave impulsive sequence. From that low, wave (i) ended at 7579.93, followed by a corrective decline in wave (ii) that finished at 7313.92. The Index then advanced in wave (iii), reaching 7816.7, as shown in the one-hour chart.

Weekly Forecast

EUR/USD: ECB to hike as Trump pushes for lower US rates

The EUR/USD pair posted a modest comeback after falling in the last week of August, finishing the week just above the 1.1600 level. The US Dollar (USD) lost momentum and corrected lower on Monday, but overall it retained its recently regained strength amid persistent Middle East tensions and speculation that the Federal Reserve (Fed) will have to raise the benchmark interest rate in September.

Why hawkish Bank of Japan expectations aren't enough to sustain the Japanese Yen rally

The Japanese Yen (JPY) experienced a sudden burst higher after falling back below the 160.00 psychological mark against the US Dollar (USD) earlier this week amid a more hawkish repricing of Bank of Japan (BoJ) rate hike expectations. The USD/JPY pair drops back closer to the August monthly swing low, touched in reaction to a joint US-Japan currency market intervention in late July.

Gold: Fed uncertainty caps the upside

Bitcoin: Gearing up for a sharp move

Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.

US Dollar: The Dollar had every reason to rally. Why didn't it?

Joy can’t last forever, can it? The US Dollar (USD) rapidly faded its prior gains and resumed its marked downside this week, with the US Dollar Index (DXY) coming close to its psychological 100.00 barrier, only to see that dream turn to ashes as market chatter reignited speculation that the Bank of Japan (BoJ) might hike its policy rate at its next meeting.