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...
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In forex
XRP News: $3 Support Key as Bulls Await Spot ETF Breakthrough
XRP continues to capture market attention as bulls remain cautiously optimistic, with the $3 support level emerging as a critical price floor. Following Ripple’s legal victory in the long-running SEC case, market participants are increasingly focused on the potential approval of a spot XRP ETF, signaling renewed institutional interest and trading activity. This insightful publication...
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In forex
EUR/USD Forex Signal: Targets YTD High as it Flips Key Resistance
The EUR/USD exchange rate surged to its highest level since July 28, breaking through key resistance levels, as Federal Reserve Chair Jerome Powell hinted at a pivot towards interest rate cuts. The currency pair jumped to 1.1725, a significant rise from this month’s low of 1.1390, driven by concerns over the US labor market and...
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In forex
GBP/USD Forex Signal: Inverse Head-and-Shoulders Forms Highlight Bullish Reversal
The GBP/USD exchange rate staged a significant rebound on Friday, following a relatively dovish statement from Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium in Wyoming. The pair climbed sharply from a recent low of 1.3387 to reach 1.3548, demonstrating heightened volatility in the Forex market amid renewed monetary policy speculation. Rachael Glover,...
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In forex
Australian Dollar steadies as US Dollar trims recent gains
The Australian Dollar (AUD) steadied on Monday against the US Dollar (USD) after posting gains of more than 1% in the previous session, amid shifting expectations for monetary policy from both the Federal Reserve (Fed) and the Reserve Bank of Australia (RBA). The AUD/USD pair is currently trading around 0.6480, showing little movement as traders...
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In finance
Gold Slips as Reduced Fed Rate Cut Bets Underpin USD Ahead of Powell’s Jackson Hole Speech
Gold (XAU/USD) extended its decline for the second straight day on Friday, pressured by a stronger US Dollar (USD) and reduced Federal Reserve (Fed) rate cut bets. The yellow metal, often viewed as a safe-haven asset, has failed to attract fresh buying interest despite a generally cautious market mood. Instead, investors appear reluctant to make...
