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News

Indian Rupee opens marginally lower as US Dollar trades firmly

The Indian Rupee (INR) opens on a cautious note against the US Dollar (USD) on Thursday due to overnight gains in the latter. The USD/INR pair edges up to near 95.35 after a corrective move the previous day, as fears of a prolonged global energy supply disruption have strengthened the US Dollar.

Source  Fxstreet1786598460
EUR/JPY Price Forecast: Falls to near 183.50 near nine-day EMA

EUR/JPY extends its losses for the third successive day, trading around 183.60 during the Asian hours on Thursday. The 14-day Relative Strength Index (RSI) at 47.11 reinforces a neutral-to-soft momentum backdrop rather than a decisive directional push.

Source  Fxstreet1786598034
Monero Price Forecast: Extends rally as derivatives metrics, technical signals turn firmly bullish

Monero (XMR) extends its gains, trading above $397 on Thursday after finding support around the key support zone the previous day. Strengthening derivatives metrics and a constructive technical outlook suggest momentum is building, hinting at a further rally for XMR.

Source  Fxstreet1786597469
Swiss Franc slides to two-week low as oil-driven Fed hike bets boost USD

The USD/CHF pair prolongs the weekly uptrend for the fourth consecutive day and climbs to a two-week high, around 0.8045, during the Asian session on Thursday amid a firmer US Dollar (USD). Moreover, the fundamental backdrop favors bulls and backs the case for further appreciation for spot prices.

Source  Fxstreet1786596467
India Gold price today: Gold falls, according to FXStreet data

Gold prices fell in India on Thursday, according to data compiled by FXStreet.

Source  Fxstreet1786595708
AUD/JPY Price Forecast: Softens below 112.50 as near-term bearish bias persists below 100-day SMA

The AUD/JPY cross trades in negative territory near 112.35 during the early European session on Thursday. The Japanese Yen (JPY) edges higher against the Australian Dollar (AUD) as traders are on high alert for further intervention from authorities.

Source  Fxstreet1786595279
Ripple and Stellar outlook: Stay under pressure as cautious sentiment builds

Ripple (XRP) and Stellar (XLM) remain under pressure, with both altcoins correcting slightly so far this week. XRP nears the key $1.00 support zone on Thursday, while XLM trades below critical technical levels.

Source  Fxstreet1786594190
Nebius Soars 34%, CoreWeave Jumps 19% Amid Strong AI Cloud Demand

TradingKey - As demand for AI computing power continues to heat up, two next-generation AI cloud service providers delivered better-than-expected performance, reigniting market confidence in AI infras

Source  Tradingkey1786593868
Anthropic to Buy Decart AI for $6 Billion to Boost Video Generation and Chip Optimization Capabilities

TradingKey - On August 12, Eastern Time, Bloomberg reported, citing people familiar with the matter, that Anthropic is in talks to acquire AI startup Decart AI in a deal valued at approximately $6 bil

Source  Tradingkey1786593841
GBP/USD Price Forecast: Trades below 1.3500 on firmer USD, ahead of UK GDP

The GBP/USD pair trades with a negative bias for the second consecutive day and trades below the 1.3500 psychological mark during the Asian session on Thursday amid modest US Dollar (USD) strength.

Source  Fxstreet1786593737
Crypto Market Overview: Bitcoin loses softer CPI gains – Virtuals Protocol, OKB rise

Bitcoin (BTC) is trading around $63,000 at press time, after three consecutive days of losses.

Source  Fxstreet1786593254
Asian stocks rise on soft US CPI, AI earnings rally

Asian stocks mostly remain stronger, bolstered by softer US inflation data that reinforced expectations for a more accommodative Federal Reserve (Fed) policy. US headline CPI rose 3.4% year-over-year in July, down slightly from 3.5% in the previous month.

Source  Fxstreet1786593107
Gold retreats from June 5 high as oil-driven Fed rate-hike bets underpin USD

Gold (XAU/USD) retreats after touching a fresh high since June 5, around the $4,450 area, during the Asian session on Thursday and is currently placed near the lower end of its daily range.

Source  Fxstreet1786592648
Silver Price Forecast: XAG/USD wobbles around $65.40, easing hawkish Fed bets strengthen outlook

Silver price (XAG/USD) trades in a tight range at around $65.40 during the Asian trading session on Thursday. The Silver price struggles for a direction; however, an expected slowdown in United States (US) inflationary pressures in July has improved its outlook.

Source  Fxstreet1786591775
New Zealand Dollar remains subdued as two-year QoQ RBNZ Inflation Expectations ease in Q3

NZD/USD extends its losses for the fourth successive day, trading around 0.5840 during the Asian hours on Thursday. The pair remains subdued following the release of RBNZ Inflation Expectations.

Source  Fxstreet1786591632
RBNZ Survey: NZ two-year inflation expectations cool down to 2.34% QoQ in Q3 2026

New Zealand's (NZ) inflation expectations ease on a two-year frame in the third quarter of 2026, the Reserve Bank of New Zealand’s (RBNZ) latest monetary conditions survey showed on Wednesday.

Source  Fxstreet1786590537
SpaceX Stock Forecast: Musk Says AI Could Account for 99% of Valuation in Five Years, How Much Higher Can SPCX Stock Rise?

TradingKey - Elon Musk recently stated at an internal SpaceX (SPCX) all-hands meeting that within the next five years, the AI business could account for about 99% of SpaceX's company value, at which p

Source  Tradingkey1786589932
Japanese Yen flatlines near 159.50 on intervention risks, US PPI data looms

The USD/JPY pair trades on a flat note near 159.40 during the Asian trading hours on Thursday. The potential upside for the pair might be limited due to a coordinated intervention in currency markets by US and Japanese authorities.

Source  Fxstreet1786588638
0.7050: Australian Dollar stuck in a range as Iran risks offset hawkish RBA

The AUD/USD pair holds steady during the Asian session on Thursday and, for now, seems to have stalled the previous day's retracement slide from its highest level since June 5.

Source  Fxstreet1786587280
TSMC CoWoS Yield Tops 98% for Some Lines, Targets 14x Reticle Size by 2029

TradingKey - On August 11, TSMC disclosed at the OCP APAC Summit that its 5.5x reticle size CoWoS advanced packaging solution has entered the volume production stage. The solution can accommodate up t

Source  Tradingkey1786587061
Oracle Stock Forecast: ORCL Faces Layoffs, $70B Capex and Rising Debt

TradingKey - Oracle shares (NYSE: ORCL) have now climbed back to around Wednesday’s opening level as the stock attempts to recover after Tuesday’s 3.7% drop to $145.48. The rebound comes only weeks af

Source  Tradingkey1786586400
UK GDP expected to show moderate Q2 growth

The United Kingdom’s (UK) Office for National Statistics will release the preliminary estimate of the second-quarter Gross Domestic Product (GDP) on Thursday. Market analysts anticipate a 0.4% growth in the three months to June, after a modest 0.6% advance in the first quarter of 2026.

Source  Fxstreet1786586400
Canadian Dollar steadies as weak US Dollar offsets lower oil prices

USD/CAD remains steady after registering minor gains in the previous day, trading around 1.3940 during the Asian hours on Thursday. The currency pair moves within a narrow range as a weaker US Dollar (USD) balances out the impact of falling oil prices on the commodity-linked Canadian Dollar (CAD).

Source  Fxstreet1786585566
British Pound posts modest gains to near 1.3500 ahead of UK GDP data

The GBP/USD pair edges slightly higher to near 1.3500 during the early Asian trading hours on Thursday. The US Dollar (USD) softens against the British Pound (GBP) on a tame reading of the US inflation report.

Source  Fxstreet1786585492
Bitcoin faces thin liquidity and missing demand amid seller stress — Glassnode

Bitcoin (BTC) is showing signs of growing market exhaustion, with weakening liquidity and subdued demand leaving the market vulnerable to a sharp move, according to a Glassnode report on Wednesday.

Source  Fxstreet1786585149
United States Dollar Index stalls post-CPI bounce near 100.00 on receding Fed hike bets

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, continues its struggle to build on the momentum beyond the 100.00 psychological mark and edges lower during the Asian session on Thursday.

Source  Fxstreet1786583771
PBOC sets USD/CNY reference rate at 6.7888 vs. 6.7882 previous

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.7888 compared to the previous day's fix of 6.7882 and 6.7470 Reuters estimate.

Source  Fxstreet1786583736
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