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Weekly Forecast

EUR/USD: ECB to hike as Trump pushes for lower US rates

The EUR/USD pair posted a modest comeback after falling in the last week of August, finishing the week just above the 1.1600 level. The US Dollar (USD) lost momentum and corrected lower on Monday, but overall it retained its recently regained strength amid persistent Middle East tensions and speculation that the Federal Reserve (Fed) will have to raise the benchmark interest rate in September.

Gold: Fed uncertainty caps the upside

After declining sharply in the first half of the week, Gold (XAU/USD) managed to erase its losses, reflecting the changes in the market pricing of the Federal Reserve’s (Fed) possible interest rate decision at the next meeting. Investors will scrutinize August inflation data from the United States (US), while the precious metal’s near-term technical outlook suggests that sellers remain hesitant.

Why hawkish Bank of Japan expectations aren't enough to sustain the Japanese Yen rally

Bitcoin: Gearing up for a sharp move

Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.

US Dollar: The Dollar had every reason to rally. Why didn't it?

Joy can’t last forever, can it? The US Dollar (USD) rapidly faded its prior gains and resumed its marked downside this week, with the US Dollar Index (DXY) coming close to its psychological 100.00 barrier, only to see that dream turn to ashes as market chatter reignited speculation that the Bank of Japan (BoJ) might hike its policy rate at its next meeting.

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In-Depth Analysis

Diesel’s record $100 warning: The oil shock hiding in plain sight

The Oil market may look calmer than it did a few months ago, but diesel is sending a very different message. The US diesel crack spread, the premium of ultra-low sulphur diesel futures over WTI, recently surged above $100 per barrel for the first time, reaching an intraday record of just over $102.00.