Federal Reserve News

The leading U.S. stock index, the S&P 500, is undergoing a local correction near 7,704 amid heightened geopolitical tensions in the Persian Gulf following renewed exchanges of strikes between Iran and the United States. At the same time, quarterly corporate results and incoming

Zcash climbed through $1,000 while Bitcoin briefly traded above $82,000 after a softer signal from Federal Reserve Governor Christopher Waller drew buyers back to risk assets. The move lifted the wider crypto market to its highest valuation in more than seven months, although strong US

United States

The US dollar is strengthening against the yen and euro while showing mixed performance against the pound.

As the Middle East conflict enters a new phase, the number of factors influencing USDX—the index that measures the U.S. dollar against a basket of major currencies—has increased again. Conditions in the Treasury market and Federal Reserve policy are now joined by a worsening global

EUR/USD is extending its downward correction for a second consecutive week as expectations of tighter monetary policy from the U.S. Federal Reserve continue to build.

USD/CHF is trading near 0.8094 as the US Dollar makes a modest recovery, although the Swiss franc remains broadly stable against other major currencies.

Gold remains caught between safe-haven demand and renewed pressure from US interest rates. During Tuesday’s Asian session, XAU/USD traded near 4445.2, well above the key 4000.0 support established this summer but still below the immediate resistance at

The US dollar strengthened against the euro, sterling and yen ahead of Kevin Warsh’s Jackson Hole speech on August 28. The Australian dollar outperformed its major peers, while oil slipped as traders weighed Washington’s shift towards economic pressure on Iran.

EUR/USD has retreated from its recent highs after rising for most of the past month. The pair is trading near 1.1640 as firm US inflation and labor-market data support the Dollar, although expectations of another European Central Bank rate increase are limiting the decline.

AUD/USD extended its recovery towards 0.7199 on Friday, supported by strong Australian household spending and growing expectations of another Reserve Bank of Australia rate increase. The pair briefly reached 0.7205, its highest level in three months.

EUR/USD has been advancing since the beginning of the month and recently reached a three-month high near 1.1710. The rally accelerated after the US Treasury announced that it would raise the maximum size of long-end liquidity-support buybacks from $2.0 billion to at least $4.0

USD/JPY is consolidating around 159.30 after recovering much of the decline triggered by the coordinated yen-buying intervention at the end of July. On July 31, Japan's Ministry of Finance purchased yen in coordination with the U.S. Department of the Treasury, and the pair subsequently

BTC/USD remains within the 65,625.00–62,500.00 sideways range, corresponding to the Murrey [6/8]–[4/8] levels. After testing the lower boundary last week, Bitcoin has recovered and is now trading around 63,500.00 as selling pressure eases.

The cryptocurrency market remains under pressure this week as investors weigh weaker institutional flows against persistent geopolitical, monetary and regulatory uncertainty. At the time of writing, Bitcoin is trading near $63,000, Ethereum around $1,878, BNB close to $606, while USDT and USDC

EUR/USD reached the upper boundary of its medium-term descending channel near 1.1517 last week and has since been consolidating around this area. The U.S. dollar continues to receive support even after July inflation data confirmed a further moderation in U.S. price pressures.

GBP/USD resumed its advance in late July and is now approaching 1.3549, the Murrey [6/8] level, as markets assess a more stable domestic political backdrop in the UK and the first economic measures introduced by new Prime Minister Andy Burnham.

Since the beginning of the month, EUR/USD has been moving higher and has reached the upper boundary of its medium-term descending channel. However, the pair has so far been unable to break above it as the US dollar has strengthened amid renewed geopolitical tensions in the Persian Gulf.

USD/CHF is trading around 0.8092 as pressure on the US dollar continues, although the pair remains within the broader trading structure that has dominated since the beginning of the summer.

USD/JPY remains well below the multi-decade highs reached in late July and is trading around 158.26 during the morning session as the yen retains part of the gains that followed coordinated intervention by Japanese and US authorities.

EUR/USD has been strengthening since the end of last month, although the pair remains within a medium-term descending channel and is currently trading near its upper boundary around 1.1560.