Ethereum had been the missing piece in this all-around digital assets rally – The first run to $100,000 for Bitcoin had isolated the largest crypto at top, leaving Crypto aficionados on the waiting lines.On the other hand, when Ethereum shines, the whole altcoin Market follows: with Ethereum just crossing above $4,700 (!!!), Solana is back to $200, BNB is now worth more than Nike and XRP is also just $0.40. from its ATH.Simple reminder that ETH was trading between $1,300 to $1,800 for a two-week period after Liberation Day (in April 2025) – While the US Indices like the Nasdaq are up 46% (still impressive to say the least), Ethereum is currently up 234% since its lows.One of the lessons of the story is to not forget the top assets of any asset class when Markets get scared – This is where the best bargains are made. On the other hand, it may also happen that as an investor, you catch a falling knife that never recovers – But luckily for Ethereum, that is far from the case.Crypto traders had seen Solana outperform due to its cheaper and efficient blockchain throughout the end of 2024, but since, Ethereum still shined from its nº2 status particularly as its ETFs started to be launched.Let's take a look at Ether's technical analysis, starting from higher timeframes to spot where we are. Read More: Nikkei Tops 43000, US Dollar Slips to Two-Week Lows, FTSE 100 Retreats from ATHEthereum Weekly Chart ETH Weekly chart, August 13, 2025 – Source: TradingView On this chart spanning all the way to the 2021 Bull Cycle, we see how close current trading is from the ETH all-time highs.Momentum is ridiculously strong, with prices on their way to overbought on the Weekly timeframe – Overbought doesn't mean top by the way – if you look at Equity markets for example: Markets can keep rallying for a while before they see a correction.The current weekly candle is blasting through the $4,000 level, leaving the previous all-time high resistance zone acting as lone hurdle to new highs.Some profit-taking may happen around previous ATHs, nevertheless, except for anything major happening, it is rare to see such price action top in an instant.Looking at a Fibonacci extension of the 2024 move higher, we look at $5,200 and $6,000 being some potential key levels of interest in the event of new highs.ETH Daily Chart ETH Daily chart, August 13, 2025 – Source: TradingView Looking closer doesn't help much to see many hurdles to the ongoing squeeze in Ethereum.It seems that players really had left ETH on the sidelines too much and are now rushing to get their piece. Explosive moves can see explosive tops, but except for a divergence potentially forming, sellers are for now nonexistent.It will be essential to track the trading towards the 2021 All-time highs to see how markets react, time will tell when we get there.ETH 4H Chart ETH 4H Chart, August 13, 2025 – Source: TradingView Looking even closer, we spot a few levels of interest where markets could see some reaction.there is some small ongoing selling at 2021 levels of interest (look at the dotted lines on the chart) but for now it is nothing major.Sentiment is more than euphoric, but this may keep on going for a while before it cools down. Levels of interest for ETH trading:Support Levels:$3,500 Support Zone$4,000 Main Pivot$4,200 consolidation ZoneResistance Levels:$4,772 2021 intermediate top$4,700 to $4,900 All-time high resistance zone$4,870 2021 record.Safe Trades! PS: Hope you had read this piece I wrote in the beginning of June. Don't be afraid of a missed opportunity, there will always be more – Make sure that your risk is in control! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2025 OANDA Business Information & Services Inc.

Oil prices continued to edge lower this morning following a triangle breakout which could lead to a potential $12 move to the downside.IEA Oil Market Report - August 2025 The International Energy Agency (IEA) announced on Wednesday that it expects oil supply to grow more this year but has reduced its forecast for demand because of weak fuel usage in major economies.This comes a day after OPEC + released their monthly report yesterday. The OPEC + report saw the group raise its global oil demand forecast in a move that contradicts the IEA forecast today. Thesis is not a surprise as we have seen this diverging outlooks between the two organizations over the last few years. The International Energy Agency (IEA) has updated its oil market forecasts with several key highlights. Global oil supply is now expected to increase by 2.5 million barrels per day (bpd) in 2025, higher than the previous forecast of a 2.1 million bpd rise, following the latest production hike by OPEC+. In August, global crude oil refining is projected to reach nearly a record high of 85.6 million bpd.However, the IEA has slightly lowered its demand growth forecasts. The average oil demand growth for 2026 has been revised down to 700,000 bpd from the earlier estimate of 720,000 bpd. Similarly, the 2025 oil demand growth forecast has been trimmed to 680,000 bpd, compared to the previous projection of 700,000 bpd.For the full report, visit https://www.iea.org/reports/oil-market-report-august-2025Trump-Putin Meeting to Serve as a Catalyst? The White House said Tuesday that Friday’s Alaska meeting between US President Donald Trump and Russian President Vladimir Putin is meant to be a "listening session" for the president, lowering hopes for a quick Russia-Ukraine ceasefire agreement.Market participants are already eyeing positive developments from the meeting but either way the meeting could be a catalyst for Oil prices.Key challenges remain before the talks. Trump has suggested that both sides may need to give up land to end the three-and-a-half-year conflict. A resolution could ease some of the sanction concerns affecting the market. Meanwhile, oil prices have fallen, even though US inflation data yesterday strengthened expectations that the Federal Reserve will cut interest rates in September.Looking Ahead Oil prices are edging lower ahead of the Trump-Putin meeting which could dominate Oil price moves the rest of this week.Risk-On sentiment has returned and yet Oil prices continue to struggle. Later in the day we will get another look at inventories data after API numbers were released yesterday. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Technical Analysis - WTI From a technical analysis standpoint, Oil has broken below the triangle pattern and the 200-day MA resting around the 64.73 handle.The breakout could lead to a long term drop toward the $52 a barrel mark based on the technical setup in play.The RSI period-14 has yet to enter oversold territory, which hints that further downside could materialize in the days ahead.Immediate support rests at 60.77 before the psychological 60.00 handle comes into focus.Looking at the upside, resistance rests at 64.00 before the confluence level around the 64.73 handle comes into focus. Acceptance above this level, a move beyond the 65.00 handle could come into play.WTI Oil Daily Chart, August 13, 2025 Source: TradingView (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2025 OANDA Business Information & Services Inc.

Asia Market Wrap - RBA Cuts Rates, Nikkei Hits Fresh All-Time Highs Most Read: US CPI comes in as expected – Market reactionsJapan's Nikkei index hit a new milestone on Wednesday, crossing the 43,000 mark for the first time ever. The broader Topix index also reached a record high, following strong gains in Wall Street overnight and marking six straight days of growth.The Nikkei rose by as much as 1.7% to a high of 43,451.46 before closing at a record 43,274.67. This brings its total gain to 7.4% since August 4. Monday was a public holiday in Japan.The MSCI All Country World Index rose by 0.2% to a record high, following Wall Street's climb to new peaks. Markets are almost fully expecting a 0.25% interest rate cut by the Fed next month. Asian shares also performed well, rising 1.1%, with Shanghai stocks hitting their highest level since December 2021.For more on the Hang Seng Index, read Hang Seng Index Technical: End of minor corrective decline, start of new bullish impulsive up moveEuropean Open - Shares to Record Highs Global stock markets reached a record high on Wednesday following the European Open.The MSCI All Country World Index rose for the second day, hitting a record high of 950.13. European stocks went up by 0.5%, with German stocks increasing by 0.6%. Tech and defense stocks were the main drivers of the gains.The S&P 500 and Nasdaq 100 were both up 0.14% and 0.20% respectively.On the FX front, the dollar index, which measures the dollar against other major currencies, dropped to 97.76, its lowest since July 28, after falling 0.5% on Tuesday.This weakness boosted the euro, which rose 0.3% to $1.1709, briefly hitting its highest since July 28. The British pound also gained 0.4% to $1.3562, its highest since July 24.The Australian dollar increased by 0.35% to $0.6552, while the New Zealand dollar rose 0.5% to $0.5986.In cryptocurrencies, Bitcoin paused its rally and fell slightly by 0.34% to $119,809. Meanwhile, Ether reached a nearly four-year high of $4,679.Currency Power Balance Source: OANDA Labs Looking at commodities, Gold prices went up on Wednesday as mild inflation data increased expectations of a U.S. Federal Reserve rate cut in September. A weaker dollar also boosted demand for gold.Spot gold rose 0.3% to $3,354.77 per ounce, while U.S. gold futures for December delivery edged up 0.1% to $3,403.20.For more on Gold, please read Gold's (XAU/USD) Recovers to $3350/oz After Mixed CPI Reaction. What Next?Oil prices dropped on Wednesday after the IEA reported that supply is expected to exceed demand this year. Investors are also watching for Friday's meeting between U.S. President Donald Trump and Russian President Vladimir Putin.Brent crude fell by 45 cents (0.7%) to $65.67 per barrel, while U.S. West Texas Intermediate (WTI) crude dropped 53 cents (0.8%) to $62.64 per barrel.Economic Data Releases and Final Thoughts Looking at the economic calendar, a quiet day lies ahead.The biggest events for the day will be EIA oil inventories data as well as a host of Federal Reserve policymakers who are scheduled to speak.Lastly, we will get the Bank of Canada meeting minutes release which will be interesting to see in light of the RBA decision to cut rates and expectations that other Central Banks will follow suit. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Chart of the Day - FTSE Index From a technical standpoint, the FTSE 100 advanced but has failed to break above the recent all-time highs just shy of the 9200 level.We have seen multiple rejections of this level in recent days and it appears some form of catalyst may be needed to get the Index across the line.In what could be seen as a sign of the bearish pressure, the RSI did not even make it to overbought territory before the rejection.The question now becomes, is this a small pullback before an attempt to break beyond the 9200 handle?On the support side we have the 9150 and 9132 support areas which if they hold could help the FTSE 100 print fresh highs.FTSE Daily Chart, August 13. 2025 Source: TradingView.com (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2025 OANDA Business Information & Services Inc.

Since the recent one-week slide of -5.8% seen on the Hong Kong 33 CFD Index (a proxy of the Hang Seng Index futures) from 24 July 2025 high to 1 August 2025 low, its price actions have been choppy as markets grappled with US tariffs news flow and the possibility of an imminent US Federal Reserve dovish pivot in September. Amid this chaotic news flow environment, several technical elements are advocating the potential start of a new short-term bullish trend for the Hong Kong 33 CFD Index.Read more on our medium-term outlook published earlier on 5 August 2025; Hang Seng Index Forecast: New bullish leg supported by southbound flows and improvement in China services activities Fig. 1: Hong Kong 33 CFD Index minor trend as of 13 Aug 2025 (Source: TradingView) Fig. 2: Percentage of Hang Seng Index component stocks above 200-day MA as of 12 Aug 2025 (Source: MacroMicro) Preferred trend bias (1-3 days) Bullish bias above 24,915 short-term pivotal support, with the next intermediate resistances coming in at 25,520, 25,750, and 25,890 (see Fig. 1).Key elements The price action of the Hong Kong 33 CFD Index staged a bullish breakout above its 20-day moving average on Tuesday, 12 August, which suggests the potential start of a new short-term bullish impulsive uptrend phase.The medium-term and major uptrend phases remain intact for the Hong Kong 33 CFD Index as price actions continued to oscillate within a major ascending channel from the January 2024 low and a medium-term ascending channel from the 2 June 2025 low.The hourly MACD trend indicator of the Hong Kong 33 CFD has continued to trend steadily upwards above its centerline since Tuesday, 12 August, which supports the emergence of a new short-term bullish impulsive uptrend phase.Market breadth of the Hang Seng Index has also improved as the percentage of its component stocks trading above their respective key 200-day moving averages has increased from 1 August print of 82% to 88% as of Tuesday, 12 August (see Fig. 2).Alternative trend bias (1 to 3 days) Failure to hold at the 24,915 key short-term support negates the bullish tone to reinstate another round of minor choppy corrective decline sequence to retest the next intermediate supports at 24,790/24,725 and 24,600. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2025 OANDA Business Information & Services Inc.

This morning's US CPI report came almost exactly in line, and the fact that there wasn't much diversion from expectations led to traders decidedly pricing the 25 bps Cut for the Federal Reserve's September meeting.You can access the report right here.US Equities have rallied throughout the session after a relatively mixed open. The Dow led to the upside before the S&P 500 and Nasdaq decidedly flew higher.All major US Indices close above 1%, with Tech making a V-Shape reversal led by Meta (+3.14% on the session) which put the Nasdaq back on top, up 1.26% at the end of the session.The less traded Russell 2000 is actually closing up 3% on the session, with rate cuts largely profiting small-cap stocks.Ethereum also enjoyed another fresh buying wave taking it to $4,500, levels unseen since November 2021.Equities and Cryptos really outshined other asset classes in today's session, with Metals up small and Energy commodities getting sold off further.In Forex, the Royal Bank of Australia proceed with their 25 bps cut to 3.60% with an unanimous vote which was close to 100% priced in after the disappointing Australian Jobs numbers from earlier this month.The rate cut from the RBA helped to propulse the ASX (Australian Equity Index) to new all-time highs, finishing the session around 8,900.A small parenthesis on the Yield Curve The initial rally in US Bonds have been met with some sharp curve steepening, where Bond traders buy the short-end (2 years bonds) way more than the long-end (10 and 30-year bonds).The Yields then go down in the front of the curve and up in the back.To make it simple, Inflation expectations in the front are seen lower compared to the longer-run. This also happens when Bond traders price in a front-loaded (imminent and short-lived) cut cycle. Read More: EURUSD attempts to break 1.17, sees newfound strength from the US CPI reportDaily Cross-Asset performance Cross-Asset Daily Performance, August 12, 2025 – Source: TradingView Ethereum is just flying by itself, particularly right now towards the session close.Equities are second looking at Nasdaq and the Dow that are top 2 and 3.These flows come at the cost of Oil and the US Dollar which are the worst performers of the session.A picture of today's performance for major currencies Currency Performance, August 12 – Source: OANDA Labs The Swiss Franc actually saw the most relief from the post-CPI USD selloff after lagging throughout the past few weeks, and finishes the session on top of Majors.The Loonie on the other hand got dragged down by the US Dollar as the regional forex movement trend strikes yet again.A look at Economic data releasing in tonight and tomorrow's sessions For all market-moving economic releases and events, see the MarketPulse Economic Calendar. Tomorrow's session will be interesting to see after today's trading, with relatively less market moving data.Still, brace for the German Inflation data releasing at 2:00 A.M. in the overnight session.The NA session will only see a few FED Speakers, with Goolsbee (voter in 2025, speaking at 13:00) and Bostic (13:30, not voting before 2027) appearing.The evening session will see some major releases for the AUD, more on this coming up in tomorrow's session.Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2025 OANDA Business Information & Services Inc.

This morning saw some particular reactions to the as-expected CPI report.Initial reactions were going towards most assets benefitting from rate cuts rallying, like US Equities, bonds and gold heading higher.Since, longer-term bonds are getting sold off due to the pricing of an immediate September rate cut which would put up long-term inflation expectations. 10 (4.315%) to 30 Year yields (4.90%) are at their highs of the session.Nasdaq and S&P are getting hurt from this, particularly following the Nvidia and AMD announcement to share 15% of their profits from China to the US Government.Update: Both the S&P 500 and Nasdaq caught strong momentum again after initially being met with profit-taking, with both indices now marking new record highs.The Dow Jones on the other hand seems to like the inflation report and is seeing the most buying flows in the morning session – let's have a look at the Technicals for the Index.Equity Heatmap Current session Equity Heatmap, August 12, 2025 – Source: Finviz The picture is fairly mixed, gives profit-taking impressions Read More: Markets Today: RBA Cuts Rates, UK Labor Market Weakens, US-China Tariff Truce Extended, FTSE 100 Eyes ATHCurrent Picture for Indices and US Bonds Indices and Bonds performance in the morning session, Source: TradingView See how everything rallied at the number release and the consequent rewiring of flows with the US 30Y Bonds getting sold off while the Dow Jones starts to overperform other indices.Dow Jones Multi-timeframe analysisDow Jones Daily Chart Dow Jones Daily Chart, August 12, 2025 – Source: TradingView Buyers are trying to push higher from the multi day 44,000 to 44,500 consolidation zone.Daily momentum is tilting higher from neutral levels, however it will take a consequential rally to put the RSI back towards strictly bullish territory.The 50-Day MA tilting higher is currently acting as support after catching up slowly to the price action from the NFP lows.Dow Jones 4H Chart Dow Jones 4H Chart, August 12, 2025 – Source: TradingView Dow buyers are trying to push the index towards the 44,500 mini resistance zone after bouncing on the 50-period MA.Momentum is strong for the Index as flows are rewiring towards the US 30 from Tech indices.Failure to break the 44,500 would indicate further consolidation, therefore keep an eye on that level.Breaking higher would point to a retest of the All-time highs for the Dow.Levels to watch for the Dow Jones:Resistance LevelsMini resistance 44,500 +/- 15 points44,519 Thursday highs to breakAll-time high resistance zone around 45,000Current ATH 45,150Support LevelsLows of consolidation zone 43,820Pivot turned Support 43,500 to 43,750NFP Lows Mini-Support 43,25043,000 Main Support ZoneDow Jones 1H Chart Dow Jones 1H Chart, August 12, 2025 – Source: TradingView Looking closer offers a clearer picture of the 5-day range.Buyers will have to be careful of imminent overbought levels, a sign of their strength would be ongoing consolidation at the highs or a refusal to retest lower levels.Watch the effect of rising yields on indices as some rewiring of flows from Nasdaq to the Dow is going on.Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2025 OANDA Business Information & Services Inc.

The US CPI just released with the data coming right around expectations. US CPI, August 12, 2025 – Source: MarketPulse Except for the rounded core year-over year, data did not surprise.Core is at 3.1% y/y vs 3.0% but the m/m is as expected at +0.3% (unrounded 0.322%)The Headline is as expected with 0.2% m/m and a slight upgrade to the y/y data 2.7% y/y vs 2.8% consensusChanges per categories Inflation change per categories, Source: InvestingLive Market ReactionsUS Dollar getting sold off Dollar Index 15m Chart, August 12, 2025 – Source: TradingView The USD is giving back what it gained yesterday, the DXY is close to the 98.00 handle and it will be interesting to see what it does from hereS&P 500 and equities shine S&P 500 CFD 15m Chart, August 12, 2025 – Source: TradingView Equity Futures and CFDs are loving the news before the market opens, this data is solid enough to maintain the rate cuts pricing.Gold rallies a bit but mixed Gold 15m Chart, August 12, 2025 – Source: TradingView Same for Bitcoin, rallying but mixed Bitcoin 15m Chart, August 12, 2025 – Source: TradingView US Bonds rallied but currently mean-reverting US 10Y Bond 15m Chart, August 12, 2025 – Source: TradingView Ethereum rallies over $4,400, profit taking ongoing ETH 15m Chart, August 12, 2025 – Source: TradingView After touching highs of $4,426, ETH is reverting slightly below the key milestone.Kalshi Market pricing and FED Watchtool (Market Implied) X post from Walter Bloomberg, August 12, Source: X Kalshi probabilities (betting application) are standing at 80% of a 25 bps cut, 14% say unchanged and 6% say cut by more than 25 bpsMarket implied (FED Watchtool) FED Watchtool – Rate cut pricing on Interest rate futures, Aug 12, Source: CME The day is far from over, look at how rate cuts move the market reactions.With Bonds, Stocks and Gold rallying, the Market is in Rate cut euphoria.It will be key to spot where the cuts get priced in as September looks like a done deal.Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2025 OANDA Business Information & Services Inc.

The British pound is in positive territory on Tuesday. In the European session, GBP/USD is trading at 1.3461, up 0.22% on the day. The pound has jumped 1.9% in August and touched a high of 1.3476 on Monday, its highest level since July 25.Job openings drop, wage growth steadyThe UK labor market continues to cool. Job openings fell by 5.8% across most industries and the nunber of payrolled employeees also declined. However, the slowdown was not as bad as expected and didn't boost the unemployment rate, which remained at 4.7%.The labor market is feeling the effect of higher employer national insurance contributions and a rise in the minimum wage, as employers continue to cut back on hiring. The Bank of England has been cautious in its rate path and last week's cut was only the second this year. The split vote at the rate meeting reflects the conundrum that Bank policymakers face regarding rates - the UK economy is weak and the labor market is slowing, but inflation has been moving higher. The Bank is expected to cut rates again in November but that will depend on the employment and inflation numbers.US inflation expected to hit to 2.8%The US releases the July inflation report later today. Inflation is is expected to inch higher to 2.8% y/y, up from 2.7% y/y in June. This would mark a third straight acceleration and the highest inflation level since February. Core CPI is also expected to accelerate to 3.0%, up from 2.9%.Monthly, CPI is projected to ease to 0.2% from 0.3%. Core CPI is projected to rise to 0.3% from 0.2%.Today's inflation report could shift market expectations for the September Fed meeting but a Fed cut will likely remain on track. The markets have currently priced in the likelihood of a rate cut at 84%, according to FedWatch's CME.GBP/USD Technical GBP/USD has pushed above resistance at 1.3436 and is testing 1.3453. Next, there is resistance at 1.34871.3402 and 1.3385 are providing support GBPUSD 4-Hour Chart, Aug. 12, 2025 Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2025 OANDA Business Information & Services Inc.