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WTI Price Forecast: Bulls seem hesitant below $85.00 and 61.8% Fibo. hurdle
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – extends its consolidative price move for the third straight day and trades around the $84.30 area through the Asian session on Thursday.
Cryptocurrencies Price Prediction: Solana, Ripple & Bitcoin – Asian Wrap 20 August
Solana trades around $84.81, extending a bullish bias as price holds above the 50-day and 100-day EMAs at $76.30 and $78.41, respectively. SOL also holds above the 50% retracement of the $98.41 to $60.13 downswing at $79.27.
Gold holds firm as Fed minutes and Iran risks keep markets cautious
Gold (XAUUSD) remains at elevated levels as lower Treasury yields and the US Treasury’s larger debt buyback plan provide support. However, the Federal Reserve’s concerns about persistent inflation could limit further gains.
GBP/USD Price Forecast: Strengthens above 1.3600 as bullish trend holds above 100-day SMA
The GBP/USD pair trades in positive territory around 1.3610 during the early European trading hours on Thursday.
Swiss Franc weakens ahead of Trade Balance data
USD/CHF gains ground after registering handsome losses in the previous day, trading around 0.8000 during the Asian hours on Thursday. The USD/CHF pair continues to hold its gains as the Swiss Franc (CHF) remains under pressure ahead of the upcoming domestic Trade Balance report.
Saudi Arabia Gold price today: Gold falls, according to FXStreet data
Gold prices fell in Saudi Arabia on Thursday, according to data compiled by FXStreet.
Top Altcoins Price Forecast: Ripple rallies above $1, Solana eyes $85, Cardano eases gains
Top altcoins, such as Ripple (XRP), Solana (SOL), and Cardano (ADA), are holding steady on Thursday after a bullish rebound as the broader crypto market rebounds on US Treasury bond buybacks. The technical outlook for XRP and SOL suggests further upside, while ADA risks losing the recent gains.
Indian Rupee rebounds after three-day losing streak against US Dollar
The Indian Rupee (INR) snaps three-day losing streak against the US Dollar (USD) on Thursday.
Philippines Gold price today: Gold falls, according to FXStreet data
Gold prices fell in Philippines on Thursday, according to data compiled by FXStreet.
United Arab Emirates Gold price today: Gold falls, according to FXStreet data
Gold prices fell in United Arab Emirates on Thursday, according to data compiled by FXStreet.
Pakistan Gold price today: Gold falls, according to FXStreet data
Gold prices fell in Pakistan on Thursday, according to data compiled by FXStreet.
Euro consolidates near late May highs as USD draws support from hawkish Fed, Iran risks
The EUR/USD pair enters a bullish consolidation phase after touching its highest level since late May during the Asian session on Thursday. Bulls now await a move beyond the 1.1700 mark before placing fresh bets and positioning for an extension of an over a three-week-old uptrend.
United States Dollar Index weakens below 99.00 on Fed repricing, Treasury bond buybacks
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 98.80 in the early European trading hours on Thursday.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Thursday, according to data compiled by FXStreet.
Malaysia Gold price today: Gold falls, according to FXStreet data
Gold prices fell in Malaysia on Thursday, according to data compiled by FXStreet.
Ripple and Stellar outlook: Extend gains as expanded US Treasury buybacks trigger crypto short squeeze
XRP and Stellar (XLM) extend their rallies on Thursday as improving liquidity conditions fuel a broader surge across the cryptocurrency market. XRP trades above $1.08, while XLM approaches the key $0.177 resistance level following surges of more than 10% and 9%, respectively, the previous day.
Canadian Dollar gains on higher oil prices, weaker US Dollar
USD/CAD extends its losses for the second successive day, trading around 1.3800 during the Asian hours on Thursday. The pair declines as the commodity-linked Canadian Dollar (CAD) receives support from improved oil prices.
Asian equities rally; KOSPI leads gains as US Treasury support counters Fed/Iran risks
Asian equities advanced on Thursday, with South Korea's KOSPI surging nearly 6% intraday amid a more than 5% jump in SK Hynix shares following the buyback announcement.
Gold sticks to losses below $4,500 as USD firms on hawkish FOMC minutes and Iran risks
Gold (XAU/USD) sticks to modest intraday losses through the Asian session and currently trades below the $4,500 mark, though it remains close to the highest level since early June, set earlier this Thursday.
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