Gold Shines Bright—But Will Inflation Dim Its Glow?
is trading at nearly $3,410, its best performance since April. But with fresh inflation data on the way, could the rally lose steam? Read more to find out
Events. Gold is set for its second weekly gain, boosted by a weaker and safe-haven demand.
Background. Uncertainty over US and political pressure on the Federal Reserve (Fed) push investors towards gold.
Possible outcome. If picks up, the Fed may stay hawkish, strengthening the dollar and putting pressure on gold prices.
Watch today’s US . Strong inflation data could reverse gold’s rally, so be ready to adjust your strategy.
Euro Rises—Here’s How US Jobs Data Can Affect The Trend
The gained 0.38% on Thursday, supported by a weaker US dollar. But with crucial jobs data coming soon, could this rally fade? Learn the answer in our analysis.
Events. The euro strengthened as the US dollar softened, driven by revised data and Federal Reserve (Fed) comments.
Background. The US economy showed stronger growth in the second quarter. However, Fed official Christopher Waller signalled his support for starting rate cuts as early as next month. He emphasised that he ’fully expects’ further reductions to follow.
Possible outcome. Today, markets are focusing on the upcoming US jobs report. Analysts expect to increase by 70,000 by the end of this quarter.
Traders, monitor the US jobs report closely. If data beats expectations, the euro could fall towards 1.16000. Otherwise, it may rise to 1.17500.
Bitcoin Under Pressure. Is the Sell-Off Just Beginning?
has been struggling recently, with growing sell-offs in both spot and futures markets. Could this bearish trend continue, or is a reversal on the horizon? Keep reading to learn more.
Events. August has seen sharp swings in Bitcoin’s price, falling from $117k to around $112k and continuing downward.
Background. Key indicators, such as 90-day CVD and bid/ask ratio, show more selling than buying in the futures market. This signals significant outflows from Bitcoin.
Possible outcome. If the sell-off persists, Bitcoin could face further declines. However, a shift towards buying could signal a potential recovery.
Be cautious when buying Bitcoin until the bearish trend shows signs of reversing. Watch for any shift in market sentiment before making moves.