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TRENDING: EURUSD| GBPUSD| AUDUSD| USDCAD| XAUUSD

TRENDING: EURUSD| GBPUSD| AUDUSD| USDCAD| XAUUSD
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AUD/USD PRESSURING AUGUST LOWS AND AT RISK OF COLLAPSING PREMIUM

AUD/USD trades around 0.6855, hit by renewed dollar demand and falling commodity
prices. Recession-related fears continue to undermine investors’ confidence to
the benefit of the American currency.


RECOMMENDED

 * AUD/USD Forecast: Bears aiming for the year low




AUD/USD News





EURUSD HOLDING ON TO MODEST GAINS ABOVE 1.0000 PREMIUM

The shared currency advanced for a second consecutive day against the greenback,
with EUR/USD hovering around 1.0020. EUR up amid speculation of a more
aggressive ECB.


EUR/USD News




GOLD: POISED TO BREAK THE MONTHLY LOW PREMIUM

Spot gold is under pressure and nearing the August low set this week at
$1,720.28 a troy ounce. The bright metal eased at the beginning of the day on
the back of a better market mood, later extending the slide amid the resurgent
dollar demand.


Gold News




ETHEREUM CLASSIC PRICE EYES 30% CRASH AS MERGE-INDUCED HYPE DISAPPEARS

Ethereum Classic price shows a clear, persistent downtrend with distinctive
lower highs and lower lows. The ongoing upward move will probably form a lower
high and trigger another sell-off.


Read more




JULY JOLTS: LONG WAY TO GO IN RESTORING BALANCE TO THE JOBS MARKET

The July JOLTS report shows that the labor market is barely tip-toeing back
toward a balanced state that will help relieve current inflation pressures.
While openings have fallen since March, job vacancies rebounded to 11.2M in
July. 


Read more




LATEST NEWS


 1.  MULN STOCK FORECAST: MULLEN AUTOMOTIVE POSTS A NICE COMEBACK, SETTLES AT
     $0.64
     
     By Stocks Reporter | 3 minutes ago


 2.  GAZPROM SAYS HALTED GAS SUPPLIES TO ENGIE DUE TO INSUFFICIENT PAYMENTS FOR
     GAS SUPPLIES IN JULY
     
     By Ross J Burland | 34 minutes ago


 3.  FOREX TODAY: BEWARE OF OVERHEATING INFLATION IN THE EU
     
     By Valeria Bednarik | 40 minutes ago


 4.  WTI LICKS ITS WOUNDS FOLLOWING STRONG RECESSION WORRIES DROP
     
     By Ross J Burland | 19:17 GMT


 5.  ZILLIQA PRICE SEEKS TO WIPE ALL GAINS SINCE JULY, HERE’S WHAT TRADERS
     SHOULD KEEP IN MIND
     
     By Tony M. | 18:41 GMT


 6.  USD/CAD PRICE ANALYSIS: HITS SEVEN-WEEK HIGHS ABOVE 1.3100, AS A
     RISING-WEDGE LOOMS
     
     By Christian Borjon Valencia | 18:39 GMT


 7.  GBP/USD IS PRESSURED INTO FRESH DAILY LOWS
     
     By Ross J Burland | 18:17 GMT


 8.  WHY THE TEZOS PRICE COULD START SEPTEMBER OFF ON THE WRONG FOOT
     
     By Tony M. | 17:38 GMT


 9.  EUR/USD BOUNCES ABOVE PARITY ON HAWKISH ECB COMMENTS, DESPITE US DOLLAR
     STRENGTH
     
     By Christian Borjon Valencia | 17:32 GMT


 10. SHIBA INU NEW RELEASE: SHYTOSHI KUSAMA TEASES THE LAUNCH OF SHIBARIUM
     
     By Ekta Mourya | 17:27 GMT


 11. POUND STERLING PRICE NEWS AND FORECAST: EUR/GBP RISES ABOVE 0.8600
     
     By FXStreet Team | 16:35 GMT


 12. ECB'S STOURNARAS: INFLATION TO GRADUALLY DECLINE IN 2023
     
     By Eren Sengezer | 16:30 GMT


 13. CRYPTOCURRENCIES PRICE PREDICTION: SHIBA INU, ETHEREUM & SOLANA– AMERICAN
     WRAP 30 AUGUST [VIDEO]
     
     By FXStreet Team | 16:29 GMT

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DEEPER DIVE


MICROSOFT: PRICE TARGET AT $230 WITH NEAR-TERM RISKS DUE TO STRONG US DOLLAR

As with most stocks, the Wall Street analyst community remains staunchly
optimistic with an average price target of $354.25.




FACEBOOK PARENT PRICE TARGET AT $200 DESPITE MACRO HEADWINDS

We continue our deep dive series with a focus on Facebook parent Meta Platforms.
We will focus as ever on traditional DCF cash flow analysis as well as a
relative valuation model to forecast a 12-month price target.




CENTRAL BANKERS' PANEL PUTS POWELL, DOLLAR ON TOP, LAGARDE, EURO LAGGING,
BAILEY, POUND BEHIND PREMIUM

Football fans will have to wait until the winter to see the World Cup – but
forex traders have their dream team playing in a panel already now.






FXS SIGNALS






TECHNICAL CONFLUENCES DETECTOR


XAU/USD LOOKS TO $1,700 AMID FED RATE HIKE BETS

Gold remains under heavy selling pressure for the second successive day on
Monday and drops to over a one-month low, around the $1,720 area during the
early part of the European session. The US dollar hits a fresh two-decade high
amid rising bets for more aggressive Fed rate hikes and continues to weigh on
the dollar-denominated commodity.

Gold Price: Key levels to watch

The Technical Confluence Detector shows that the next relevant support for gold
is pegged near the $1,719 area - Pivot Point One Day S2.

Read Full Report
Go to the Tool Page




CRYPTOCURRENCIES




ETHEREUM PRICE: THIS MEGA EVENT WILL LAY THE FOUNDATION FOR THE ETHEREUM MERGE

Ethereum price has crossed two significant supply zones pushing the asset’s
price past $1,576. Post Vitalik Buterin’s announcement, analysts’ outlook on
Ethereum has turned bullish. Analysts predict a rally in Ethereum post the
transition to proof-of-stake, scheduled to happen in the Merge. 


More Ethereum News




SOLANA PRICE’S RESTRAINED RECOVERY SPELLS POTENTIAL DOOM BELOW $30.00

Solana is scampering for support barely a day after reclaiming its position
above $32.00. The competitive smart contracts token tagged an intraday high of
$33.15 before dropping to exchange hands at $31.36. 


More Solana News




POLKADOT’S SOARING DEVELOPMENT ACTIVITY TEASES DOT PRICE REBOUND

Polkadot price is inching higher from support it recently embraced at $6.81. The
parachain token teeters at $7.22, while bulls struggle with dispersing the
stubborn seller concentration around $7.30. 


More Polkadot News




SHIBA INU NEW RELEASE: SHYTOSHI KUSAMA TEASES THE LAUNCH OF SHIBARIUM

Shiba Inu’s layer-2 scaling solution is a highly anticipated project for SHIB
holders. Shibarium, the layer-2 solution is key to Shiba Inu ecosystem’s growth
and adoption. Analysts have a bearish outlook on Shiba Inu, and predict further
decline in Shiba Inu. 


More Crypto.com News







THE STOCK OF THE DAY




NVIDIA STOCK NEWS AND FORECAST: NVDA SET FOR MORE LOSSES AS VALUATION LOOKS TOO
HIGH

NVDA stock fell again on Monday and once more underperformed the market as most
equities began to stabilize on Monday. Nvidia, though, has remained under
pressure since its earnings release. The stock fell 9% on Friday as equities
turned lower and high valuation stocks were punished. 






ECONOMIC CALENDAR

GMT
Event
Vol.
Actual
Consensus
Previous
Tuesday, Aug 30 14:00
USD Consumer Confidence




14:00
USD JOLTS Job Openings

11.239M
10.475M
11.040M Revised from 10.698M
15:00
USD Fed's Williams speech




20:30
USD API Weekly Crude Oil Stock



-5.632M
22:45
NZD Building Permits s.a. (MoM)



-2.3%
23:01
GBP BRC Shop Price Index (YoY)



4.4%
23:50
JPY Industrial Production (YoY)


-2.6%
-2.8%
23:50
JPY Industrial Production (MoM)


-0.5%
9.2%
23:50
JPY Large Retailer Sales


2.8%
1.3%
23:50
JPY Retail Trade (YoY)


1.9%
1.5%
23:50
JPY Retail Trade s.a (MoM)


-0.5%
-1.4%
Wednesday, Aug 31 01:00
CNY NBS Manufacturing PMI


49.2
49.0
01:00
CNY Non-Manufacturing PMI


52.2
53.8






REAL-TIME RATES


Customize your rates






WEEKLY FORECAST




EUR/USD: FIRST SIGNS OF AN INTERIM BOTTOM PREMIUM

The EUR/USD pair fell to a fresh multi-year low of 0.9898, its lowest since
December 2002, but managed to trim its weekly losses and settled at around
1.0050, marginally higher in the week. The dollar rallied at the beginning of
the week but lost steam afterwards, despite a cautious mood in financial
markets.


Read full analysis



GBP/USD: BRACES FOR MORE PAIN IN THE NFP WEEK AHEAD PREMIUM

Having lost roughly 300 pips in the previous week, GBP/USD ended the week
marginally lower, below the 1.1800 mark. The US dollar recovery and hawkish Fed
rate hike expectations were the key catalysts that smashed the currency pair to
the lowest level in two months at 1.1717. Looking ahead, GBP bulls brace for
more pain as US Nonfarm Payrolls (NFP) grab attention in a holiday-shortened
week.


Read full analysis



GOLD: BEARS LOOK TO RETAIN CONTROL AS FOCUS SHIFTS TO US JOBS REPORT PREMIUM

Gold started the week on the back foot and fell to its lowest level in nearly a
month below $1,730 on Monday before staging a rebound. Although XAU/USD managed
to advance beyond $1,760 on Thursday, it struggled to gather bullish momentum
and retreated below $1,740 ahead of the weekend. 


Read full analysis




BITCOIN: EXPLORING 2022, THE YEAR OF BTC FRACTALS

Bitcoin price shows a tight consolidation on a lower time frame – an ascending
parallel channel – that repeats the motif of three larger channels that have
developed on higher time frames since the start of 2022. 


Read full analysis



WEEK AHEAD ON WALL STREET: BEAR MARKET RALLY OR TIME TO BUY?

The confusion in the investors' minds continues to feed through to the
marketplace as the early week rally peters out and Friday sees a turnaround.
With the rally reaching around 7% for the S&P 500 (SPY) that is no surprise.


Read full analysis



THE WEEK AHEAD: UK CPI, UNEMPLOYMENT, FED MINUTES, PERSIMMON AND WALMART RESULTS

 UK CPI hit another record high in June, rising to 9.4%, and although core
prices slipped back to 5.8%, the further rise in PPI input and output prices
suggested that more pain was coming down the line.


Read full analysis



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