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Bitcoin (BTC/USD) Eyeing a Deeper Reversal as ETF Outflows Continue

Bitcoin's price faces downward pressure amid global recession fears and ETF outflows. Short-term Bitcoin holders are feeling the pain, while long-term investors remain profitable. A deeper pullback is possible, with Bitcoin currently 22% below its all-time high. Most Read: US Dollar Index (DXY) Slips as JOLTS Dips Below 8 Million, Yen Strengthens Bitcoin prices have struggled to gain momentum of late with the fear and greed index remaining in fear territory.

05-09-2024 12:54 GMT by Zain Vawda

AUD/USD steady after Bullock’s hawkish message

The Australian dollar has posted slight gains on Thursday. AUD/USD is trading at 0.6732 in the North American session, up 0.11% today at the time of writing. Australia’s economy has been dubbed a “horror show” by some local commentators and yesterday’s weak GDP release only reinforced the pessimism about economic conditions.

05-09-2024 12:39 GMT by Kenneth Fisher

Canadian dollar gains ground after BoC cut

The Canadian dollar is almost unchanged on Wednesday. In the North American session, USD/CAD is trading at 1.3507 at the time of writing, down 0.02%.

05-09-2024 11:16 GMT by Kenneth Fisher

US Dollar Index (DXY) Slips as JOLTS Dips Below 8 Million, Yen Strengthens

US Dollar Index (DXY) weakens as JOLTS job openings drop to a 3.5-year low of 7.673 million. Japanese Yen strengthens amid recessionary fears and hawkish comments from BoJ Governor Ueda. Recession fears persist. Will Friday's jobs data finally alleviate these concerns?

04-09-2024 14:15 GMT by Zain Vawda

Canadian dollar steady ahead of BoC decision

The Canadian dollar is showing limited movement on Wednesday. In the European session, USD/CAD is trading at 1.3555 at the time of writing, down 0.08%. BoC expected to cut for third consecutive time All eyes are on the Bank of Canada, which will announce its rate decision later today.

04-09-2024 07:58 GMT by Kenneth Fisher

Gold (XAU/USD) Under Pressure as Precious Metal Fails to Attract Haven Bids

Gold prices are trending down due to a lack of safe-haven bids and a strong US Dollar. Upcoming US jobs data and interest rate decisions will significantly impact gold's future performance. September is historically a challenging month for gold, which could further influence its trajectory.

04-09-2024 07:31 GMT by Zain Vawda

Nasdaq 100: Torpedoed by Nvidia and may see further weakness

Major US bench stock indices (S&P 500, Nasdaq 100, Dow Jones Industrial Average & Russell 2000) started the month of September on a weak footing. The Nasdaq 100 was the worst performer (-3.15%) on Tuesday, 3 September dragged down by the higher-beta technology sector (Nvidia & other semiconductor stocks)

04-09-2024 07:01 GMT by Kelvin Wong

AUD/USD steady despite weak GDP

The Australian dollar is drifting on Wednesday. AUD/USD is trading at 0.6704 in the European session, down 0.10% today at the time of writing.

04-09-2024 06:00 GMT by Kenneth Fisher

Swiss franc calm as inflation drops

The Swiss franc is showing limited movement on Tuesday. USD/CHF is trading at 0.8507, down 0.11% on the day. Swiss CPI drops to 1.1% Swiss inflation declined to 1.1% y/y in August, down from 1.3% in the previous two months and below the market estimate of 1.2%.

03-09-2024 13:15 GMT by Kenneth Fisher

Brent Crude - Oil Slides on Renewed Demand Fears, Brent Back at $75 a Barrel

Brent crude oil prices fell by 4% due to concerns about weakening demand from China. The disruption in Libyan oil production has had a limited impact on prices so far, but the situation remains uncertain and could cap further downside. OPEC+ plans to increase oil supply in October, which could further pressure prices.

03-09-2024 11:06 GMT by Zain Vawda

GBP/USD lower after strong US Mfg. PMI rises

The British pound continues to drift this week. In the North American session, GBP/USD is trading at 1.3103, down 0.33% on the day. UK BRC retail sales jump The British Retail Consortium reported a strong gain in retail sales for August.

03-09-2024 11:04 GMT by Kenneth Fisher

AUD/USD sinks ahead of GDP

The Australian dollar is sharply lower on Tuesday. AUD/USD is trading at 0.6732 in the European session, down 0.88% today at the time of writing. Australian GDP expected to remain soft Australia’s economy has been sputtering and the markets aren’t expecting much change from second-quarter GDP on Wednesday.

03-09-2024 06:50 GMT by Kenneth Fisher

USD/JPY Price Forecast - USD Gains Despite Labor Day Liquidity

USD/JPY rises for the fourth consecutive day, supported by US economic optimism. US employment data this week is crucial for Fed's September rate decision and USD/JPY direction. Japanese economic indicators and seasonality may also influence USD/JPY's trajectory. Most Read: Markets Weekly Outlook – NFP Jobs Data to Rule Out 50 bps Fed Rate Cut? USD/JPY continued its advance on a thin liquidity Monday. The greenback is up around 0.57% against the JPY and on course for a fourth successive day of

02-09-2024 12:52 GMT by Zain Vawda

GBP/USD drifting in thin holiday trade

The British pound is showing limited movement on Monday. With US markets closed for labor day, we’re unlikely to see much movement from the US dollar.

02-09-2024 12:29 GMT by Kenneth Fisher

EUR/USD - eurozone manufacturing stuck in contraction

The euro has edged up on Monday and has stopped a nasty three-day slide in which the euro slipped 1.2%. In the North American session, EUR/USD is trading at 1.1066, up 0.18% on the day.

02-09-2024 11:13 GMT by Kenneth Fisher

Swiss franc eyes Swiss CPI and GDP

The Swiss franc has edged higher on Monday. USD/CHF is currently trading at 0.8514, up 0.16% on the day.

02-09-2024 08:11 GMT by Kenneth Fisher

AUD/USD: The recent rally of the Aussie dollar may face a ceiling below 0.6900

The recent 7.4% rally in the AUD/USD from its 5 August 2024 low has been driven by a resurgence of risk-on behaviour and the US Fed’s dovish pivot. Weak China’s manufacturing PMI data and housing market are likely to be in the driving seat now to potentially dictate the sentiment of the AUD/USD. Further weakness in Iron Ore futures prices may trigger a negative feedback loop into AUD/USD. Watch the key medium-term resistance of 0.6900 on the AUD/USD with intermediate supports at 0.6700 and 0.660

02-09-2024 06:58 GMT by Kelvin Wong

Markets Weekly Outlook - NFP Jobs Data to Rule Out 50 bps Fed Rate Cut?

US PCE data keeps Fed rate cut hopes alive as inflation moves towards 2% target. Commodity prices fluctuate on geopolitical fears and OPEC+ production plans. US jobs data release is key market-moving event in the week ahead, with potential to impact Fed rate cut decisions.

30-08-2024 15:23 GMT by Zain Vawda

Canadian dollar unmoved as Can. GDP ticks higher

The Canadian dollar is almost unchanged on Friday. In the North American session, USD/CAD is trading at 1.3483 at the time of writing, down 0.01% on the day. BoC expected to cut for third consecutive time The Bank of Canada is likely to lower rates for a third time in as many meetings on Sept.

30-08-2024 09:14 GMT by Kenneth Fisher

AUD/USD – Australian retail sales flat, Aussie shrugs

The Australian dollar continues to have a quiet week. AUD/USD is trading at 0.6804 in the European session, up 0.09% today at the time of writing. Australian retail sales stagnate Consumer spending in Australia has been weak, which has chilled economic activity.

30-08-2024 01:57 GMT by Kenneth Fisher

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