West Texas Intermediate (WTI), the benchmark for US crude oil, is showing renewed bullish momentum, advancing above the $63.50 threshold in early Asian trading. The move higher reflects a combination of geopolitical risks, shifting monetary policy expectations, and supply-side disruptions that continue to support the commodity market. Kashif Amir Khan, a Primeber Group broker, provides...
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In forex
GBP/USD Attracts Sellers Below 1.3500 on Renewed US Dollar Demand
The GBP/USD pair edged lower during the Asian session on Monday, extending its weakness toward 1.3495 as renewed US Dollar (USD) demand put pressure on the major pair. Despite the selling bias, dovish signals from the Federal Reserve (Fed) may help cushion deeper losses. With traders closely watching upcoming US macroeconomic data, the short-term trajectory...
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In forex
EUR/USD Pulls Back to 1.1700 After Four-Week High as Market Reacts to Fed and ECB Signals
The EUR/USD currency pair retreated to around 1.1700 during early Asian trading hours on Monday, following a strong advance to a four-week high of 1.1742 on Friday. The recent pullback reflects a delicate balance between market optimism, central bank communications, and macroeconomic data expectations in both the United States and the Eurozone. The pair’s short-term...
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In finance
USD/CHF Slides Following Powell’s Jackson Hole Comments, Sparking US Dollar Weakness
The USD/CHF pair experienced a sharp decline on Friday, tumbling nearly 1% to 0.8000 following Federal Reserve (Fed) Chair Jerome Powell’s keynote address at the Jackson Hole Economic Symposium. The Swiss Franc (CHF) surged against the US Dollar (USD), reversing earlier gains that had briefly pushed USD/CHF to 0.8104, a two-week high, before retreating to...
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In forex
Silver Surges Further Following Powell’s Jackson Hole Comments, Fueling Speculation of Fed Rate Cuts
Silver prices extended their gains for the third consecutive day on Friday, trading around $38.70, up approximately 1.2%. The precious metal’s bullish momentum came as markets digested Federal Reserve (Fed) Chair Jerome Powell’s remarks at the Jackson Hole Economic Symposium, which were widely interpreted as dovish and supportive of a potential monetary policy easing in...
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In finance
EUR/JPY Price Forecast: Constructive Outlook Prevails, First Upside Barrier Emerges Above 173.00
The EUR/JPY currency pair strengthened to around 172.40 in Monday’s early European session, gaining 0.14% on the day as market sentiment improved. The cross maintains a constructive technical outlook, supported by the 100-day Exponential Moving Average (EMA), with the Relative Strength Index (RSI) confirming continued upside momentum. Traders are closely watching the immediate resistance near...
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In business
USD/INR Climbs Even as Fed Chair Powell Signals Dovish Monetary Policy Outlook
The Indian Rupee (INR) has weakened against the US Dollar (USD), even as investors absorbed a dovish interest rate outlook from Federal Reserve (Fed) Chair Jerome Powell during the Jackson Hole (JH) Symposium. The USD/INR pair rose to near 87.60, reflecting resilience in the greenback despite selling pressure in the broader USD markets. At the...
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In forex
BTC/USD Forex Signal: Selling Pressure Builds Near $112K
Bitcoin (BTC/USD) is currently experiencing intensifying selling pressure near the $112,000 level, a resistance zone that has repeatedly tested the market’s strength. BTC declined toward this critical area, reflecting short-term bearish momentum. Traders are closely observing whether BTC can hold above this resistance or if a breakdown could trigger a drop to the $110,000 mark. ...
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In forex
ETF Delay Clouds Crypto Outlook After Ripple Case Win; Bitcoin Faces Flash Crash
The cryptocurrency market entered a turbulent phase last week as XRP faced notable selling pressure following the Ripple case resolution, while Bitcoin (BTC) experienced a dramatic flash crash triggered by a single whale transaction. Investors are now closely monitoring the SEC’s crypto ETF framework, spot ETF approvals, and broader macroeconomic signals that could shape crypto...
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In forex
Will BTC Break $123K? ETF Flows and Fed Policy in Focus
Bitcoin (BTC) faced renewed selling pressure on August 23, falling 1.26% to close at $114,679, extending its struggle to reclaim the $120,000 level for the ninth consecutive session. After Friday’s 3.27% rally, sparked by Fed Chair Jerome Powell’s comments, BTC momentum stalled as market participants digested rising concerns over institutional demand and ETF outflows. The...
