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It’s been another eventful week for crypto, with developments ranging from regulatory decisions and market moves to big policy shifts. The mix of market milestones and political decisions is setting up a busy few months ahead. Missed anything? Don’t worry. This article is all you need to catch up. Let’s dive in. #1 Trump Signs Order to Stop ‘Debanking’ President Donald Trump has signed an executive order to stop banks from cutting off customers over political or religious views. The move forces regulators to drop the “reputation risk” rule, which critics say let lenders shut out crypto firms and other lawful businesses. Trump claims JPMorgan and Bank of America refused his business after his first term both banks deny closing accounts for political reasons. Still, some in the industry welcome the change if it means fewer regulatory pressures. “The president’s on the right issue,” said Bank of America CEO Brian Moynihan. #2 SEC Ends Ripple Lawsuit, ‘Bad Actor’ Tag Removed Ripple’s long fight with the SEC is finally over. The $125M fine and restrictions on institutional XRP sales remain, but the regulator has dropped its “Bad Actor” tag. That restores Ripple’s ability to raise funds from accredited investors under Regulation D – provided it files a Form D with the SEC shortly after each sale. Legal chief Stuart Alderoty called it “the end” of the case, with supporters saying the move clears a key path for Ripple’s bank charter plans. #3 Tornado Cash Founder Found Guilty in U.S. Trial Roman Storm, co-founder of crypto mixing platform Tornado Cash, has been found guilty of running an unlicensed money-transmitting business by a Manhattan jury. He was cleared of two bigger charges -money laundering and sanctions violations – after the jury couldn’t reach a verdict, resulting in a partial mistrial. Prosecutors say Storm let groups like North Korea’s Lazarus Group move over $1 billion in stolen crypto. His lawyers insist the tool was built for privacy, not crime. Storm faces up to five years in prison. #4 Stephen Miran Joins Fed Board as Trump’s Interim Choice President Trump has nominated Stephen Miran, a vocal critic of the Fed’s structure, to fill a vacant board seat until January 2026. The role opened after Governor Adriana Kugler’s surprise resignation. Miran has pushed for more presidential control over the Fed and tougher rules on its regional banks. His appointment comes as Trump presses for lower interest rates. The nomination heads to the Senate, where Chair Tim Scott wants “transparency” and Elizabeth Warren says she has “tough questions” about Miran’s independence. “Near term, an interim Fed governor Miran gives Trump the best of both worlds: immediate policy influence without surrendering Fed Chair optionality and leverage,” LHMeyer analyst Derek Tang wrote. #5 Ethereum Breaks $4,000 for First Time Since 2024 Ethereum has smashed past $4,000 for the first time since December 2024, touching $4,050 on August 8. Traders say this level is a big test as the last time ETH crossed it, it went on to set an all-time high. This time, corporate treasuries and ETFs are piling in, with BitMine and SharpLink among the biggest buyers. On-chain data shows ETH starting to outperform Bitcoin, a pattern that’s often come before major rallies. All eyes are now on $5,000. It puts a smile on my face to see ETH shorts get smoked today. Stop betting against BTC and ETH – you will be run over. — Eric Trump (@EricTrump) August 8, 2025 #6 Trump Opens 401(k)s to Crypto, Real Estate and More President Donald Trump has signed an order that could change how Americans invest for retirement. For years, 401(k) savers were limited to stocks and bonds, while the wealthy accessed private equity, real estate, and crypto. The new directive tells the Labor Department and SEC to clear the way for these alternative assets in retirement plans. The White House says it’s about giving savers more choice, better returns, and a “dignified and comfortable retirement for all Americans.” #7 Interest Rates Fall in UK The Bank of England has cut interest rates to 4% from 4.25%, its fifth cut since last August. The decision was tight – four opposed, five agreed, and one wanted an even bigger drop. Inflation is at 3.6%, unemployment is rising, and households are feeling the pinch. Lower rates often lift crypto by boosting liquidity and risk appetite. Now, attention shifts to the US, where September rate cut odds are above 93% and political pressure on the Fed is building. #8 SEC Clears Liquid Staking – $68B Market Gets Boost! The SEC has ruled that liquid staking and related tokens don’t break securities laws, a win for the $68B locked in these platforms. It’s a relief for DeFi players like Lido and Rocket Pool, whose tokens let users stake crypto, keep it liquid, and still earn rewards. The guidance also hints at potential for US ETFs with staking features. But it’s not law yet – a change in leadership could flip the script. #9 Bitcoin Volatility Drops to 2023 Levels Bitcoin has gone quiet! The 30-day implied volatility (BVIV index) dropped to 36.5%, its lowest since October 2023 when BTC was under $30K. Now holding between $110K and $120K, price swings are slowing even as the rally continues. Analysts link the shift to a rise in structured products and call-writing strategies. The trend is similar to Wall Street, where volatility often falls during steady bull runs. This is a sign that crypto’s market mood may be changing. #10 El Salvador to Open World’s First Bitcoin Bank El Salvador is set to open the world’s first Bitcoin bank in 2025, offering deposits, loans, and payments entirely in BTC. It’s the boldest step yet in President Nayib Bukele’s push to make Bitcoin part of everyday life, after launching the Chivo Wallet and Bitcoin bonds. The move has drawn IMF warnings over stability risks, but Bukele is betting on crypto-native banking to prove its place in a national economy and the world will be watching. In

The meme coin hype train might finally be slowing down. Dogecoin price action just dipped under a key support level, triggering a sell-off across short-term holders. Analysts say momentum is fading, and smart money is already flowing into fresh plays, with Remittix (RTX) leading the pack. DOGE has been one of 2025’s most-watched tokens. But the recent breakdown has investors questioning how much upside is left and whether it’s time to move on to newer, utility-driven tokens with bigger room to grow. Dogecoin Price Cracks, Bulls Lose Grip The Dogecoin price just slipped below the $0.18 zone, a level that had previously held as support for over three weeks. Now trading around $0.176, DOGE is down 5.2% in the last 7 days. Volume is thinning, and on-chain data shows whale wallets offloading positions. Source: TradingView Traders are watching closely. If DOGE price fails to reclaim support soon, analysts expect a slide toward the $0.15 area. The shift is already pushing retail holders to reconsider their exposure. Despite its massive brand, Dogecoin (DOGE) is now underperforming in comparison to low-cap crypto gems showing real-time growth. And that’s where Remittix is turning heads. Remittix Is Quietly Becoming the Breakout Play of Q3 While DOGE struggles to hold key levels, RTX is hitting milestone after milestone. What started as a small-cap DeFi project has quickly become one of the most talked-about early-stage crypto investments of 2025. And now, analysts are tagging it as a serious next 100x crypto contender. Here’s why Remittix is stealing the spotlight: Solving a real-world $19T payments problem Direct crypto-to-bank transfers in 30+ countries Utility-first token powering real transaction volume Audited by CertiK and built with trust and transparency With its wallet beta rolling out this quarter and integrations expanding fast, Remittix is no longer under the radar. It’s already raised over $18.4 million and caught the attention of serious investors, including former DOGE whales. The $250,000 Remittix Giveaway has only added urgency, driving thousands of new users into the ecosystem. And with low gas fees, real utility, and zero reliance on hype, RTX is positioning itself as the best crypto presale 2025 for those chasing real-world growth. Dogecoin Is Losing Steam While Remittix Is Gaining Momentum Dogecoin price might recover, but investor attention is clearly rotating. This cycle is different. The investors want function, not just fun. That’s why meme coins are bleeding and tokens like Remittix are surging. For traders searching for the top crypto to buy now, or those sick of chasing hype with no fundamentals, RTX is the clearest bet on the board. Real use case, real progress, and real upside. Discover the future of PayFi with Remittix by checking out their project here: Website: https://remittix.io/  Socials: https://linktr.ee/remittix  $250,000 Giveaway:https://gleam.io/competitions/nz84L-250000-remittix-giveaway Disclaimer and Risk Warning The content featured on Coinpedia’s press release page is provided for informational purposes only. Coinpedia does not endorse, verify, or take responsibility for the accuracy, completeness, or reliability of any press releases or associated materials. Any views, opinions, or statements expressed in these press releases are those of the respective issuers and do not reflect the opinions or positions of Coinpedia. Coinpedia is not liable for any content, products, services, or actions mentioned in the press releases. Readers should independently verify the information before taking any actions related to the subject matter of the releases. We’d Love to Hear Your Thoughts on This Article! Was this writing helpful? Read More

Bitcoin is holding close to $120,000 and traders are wondering if it has the fuel to hit a new all-time high this year. There are a few major forces that could make that happen. And now, a new U.S. policy change might just give Bitcoin the biggest push of all. Money Supply Surge Could Push Bitcoin Higher Global liquidity is hitting record levels. In July, the M2 money supply across the 21 largest central banks reached $55.5 trillion. The U.S. alone has run a $1.3 trillion budget deficit in just nine months. Source: BGeometrics That kind of money expansion often drives investors toward hard assets like Bitcoin. Even big-name stocks, like Nvidia, have seen their value soar, from $2.3 trillion in March to $4.4 trillion, without any big jump in earnings.  In this kind of market, liquidity matters more than old-school valuations. Bitcoin ETFs Are Closing in on Gold Spot Bitcoin ETFs in the U.S. now hold $150 billion in assets, compared to gold’s $198 billion. If Bitcoin ETFs overtake gold, it would be a huge milestone sending a clear message to big investors and institutions that BTC is no longer just a “risk-on” asset, but a serious reserve option. Such a shift could open the door for sovereign wealth funds, more public companies, and governments to add Bitcoin to their holdings. Also Read: Coinpedia Digest: This Week’s Crypto News Highlights | 9th Aug, 2025 Retail Investors Still Missing Here’s the surprising part – retail investors aren’t driving this rally yet. Even with Bitcoin up 116% in the past year, crypto trading apps like Coinbase and Robinhood aren’t seeing the download surges they had in November 2024. That means the biggest wave of small investor money might still be ahead of us. If retail jumps in during 2025, history suggests Bitcoin’s climb could speed up fast. The $12 Trillion Retirement Shift This week, U.S. President Donald Trump signed an executive order allowing cryptocurrencies and other alternative assets in 401(k) retirement accounts. “Done right, this could unlock trillions in retirement capital for Bitcoin and other compliant assets,” said Michael Heinrich, co-founder and CEO of 0G Labs. Bitwise CIO Matt Hougan called it “transformative for the industry.” The U.S. retirement pool is worth about $12 trillion. If similar rules extend to IRAs, 403(b), and 457(b) plans, the total could top $30 trillion – inflows that could double the size of the entire crypto market. What’s Next Bitcoin still faces challenges but the setup is hard to ignore. With record money supply, ETFs closing in on gold, retail still on the sidelines, and retirement capital now in play, Bitcoin could be looking at one of its strongest years yet. We’d Love to Hear Your Thoughts on This Article! Was this writing helpful? Read More

Story Highlights The live price of the Monero crypto is  $ 274.20537928. Monero price may reach a high of $882.64 in 2025. The XMR price, with a potential surge, could hit $5,828.30 by 2030. Imagine making an online payment without leaving any digital footprint. That’s the promise Monero (XMR) has offered since 2014. Known for its strong privacy features, Monero became the top choice of users for maintaining the gold standard for anonymity in blockchain transactions.  Despite the government’s tightening of the rules around digital assets, Monero has ranked 22nd globally. Driven by rising interest, XMR stands out as a privacy-focused coin. So, what’s coming next for Monero in 2025 and the years to come? In this Monero price prediction article, we look at the potential price targets. Table of Contents Story Highlights Overview Monero Price Prediction 2025 Monero Price Prediction 2026 – 2030 Monero (XMR) Price Prediction 2026 Monero Price Targets 2027 XMR Crypto Price Prediction 2028 Monero Coin Price Forecast 2029 Monero Price Prediction 2030 What Does The Market Say? CoinPedia’s XMR Price Prediction FAQs Overview Cryptocurrency Monero Token XMR Price   $ 274.20537928 3.96% Market Cap  $ 5,058,196,455.2362 Circulating Supply  18,446,744.0737 Trading Volume  $ 123,293,198.1329 All-time High $517.62 on 7th May 2021 All-time Low $0.213 on 15th January 2015 The Tari blockchain expansion, which aims to add real-world utility to private asset transfers, could push XMR price to new highs over time. That’s not all, the Bulletproofs upgrade, which is expected to be deployed by Q3, is another bullish catalyst. Moreover, looking ahead, Monero’s Seraphis upgrade in late 2025 could be a game-changer. It brings quantum-resistant tech and a new address format called Jamtis, which will cut transaction sizes by 40 percent. This could boost both speed and adoption. On an optimistic note, the XMR price could chug up to a maximum of $882.64 by year-end.  Contrarily, events like the EU privacy coin ban and a crackdown by the U.S. Department of Justice could drag the price down to $294.21. That being said, considering the highs and lows, the average price could settle at $588.42. Year Potential Low Potential Average Potential High 2025 $294.21 $588.42 $882.64 Also read, Stellar Price Prediction 2025, 2026 – 2030! Monero Price Prediction 2026 – 2030 Year Potential Low ($) Potential Average ($) Potential High ($) 2026 $383.76 $767.51 $1,151.27 2027 $575.64 $1,151.27 $1,726.90 2028 $863.46 $1,726.90 $2,590.35 2029 $1,295.19 $2,590.35 $3,885.53 2030 $1,942.76 $3,885.53 $5,828.30 Monero (XMR) Price Prediction 2026 According to forecast prices and technical analysis, Monero’s price is projected to reach a minimum of $383.76 in 2026. The maximum price could hit $1,151.27, with an average trading price around $767.51. Monero Price Targets 2027 Looking forward to 2027, XMR’s price is expected to reach a low of $575.64, with a high of $1,726.90 and an average forecast price of $1,151.27. XMR Crypto Price Prediction 2028 In 2028, the price of a single Monero is anticipated to reach a minimum of $863.46, with a maximum of $2,590.35 and an average price of $1,726.90. Monero Coin Price Forecast 2029 By 2029, XMR’s price is predicted to reach a minimum of $1,295.19, with the potential to hit a maximum of $3,885.53 and an average of $2,590.35. Monero Price Prediction 2030 In 2030, Monero is predicted to touch its lowest price at $1,942.76, hitting a high of $5,828.30 and an average price of $3,885.53. What Does The Market Say? Firm Name 2025 2026 2030 Wallet Investor $178.21 $164.09 – priceprediction.net $307.32 $446.59 $1,952 DigitalCoinPrice $476.53 $614.76 $1,372.39 *The targets mentioned above are the average targets set by the respective firms. CoinPedia’s XMR Price Prediction As per CoinPedia’s formulated Monero price prediction, increased adoptions, collaborations, and new partnerships could result in the price of Monero recording a high of $882.64. Conversely, the XMR price may plunge to $294.21 if it fails to regain momentum. With this, the average price could settle at around $588.42. Year Potential Low Potential Average Potential High 2025 $294.21 $588.42 $882.64 Also read, Kaspa Price Prediction 2025, 2026 – 2030! Never Miss a Beat in the Crypto World! Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. FAQs Is Monero a good investment in 2030? With a potential surge, the price could go as high as $5,828.30 by the end of 2030. Is Monero’s privacy policy legal? Monero is a privacy-oriented crypto that is untraceable. What will the maximum price of XMR be by the end of 2025? As per our Monero price prediction, the XMR price might surge as high as $882.64 in 2025. How much Monero can be mined in a day? A single block of Monero requires approximately 2 minutes to mine. Hence, nearly 720 blocks are mined in a day. Can I mine Monero on my laptop or phone? Yes, you can mine XMR on your laptop or Android phone, using the right app. XMR BINANCE Disclaimer and Risk Warning The price predictions in this article are based on the author’s personal analysis and opinions. CoinPedia does not endorse or guarantee these views. Investors should conduct independent research before making any financial decisions. We’d Love to Hear Your Thoughts on This Article! Was this writing helpful? Read More

The Cardano price today is showing renewed bullish momentum, climbing to $0.80 with a 2% intraday gain, at the time of writing.  This move comes as the multi-month falling wedge pattern’s ongoing breakout from July is still in play in August, where the daily chart reveals that it is set to complete its pullback phase.  Technical Signals Point to Strength With Altseason Buzz The ADA price chart on daily time frame highlights a clear technical setup that has drawn attention across the crypto market.  Based on that pattern, if the Cardano price USD sustains its current uptrend, it could soon approach July’s high of $0.92. Where a successful breakout above that level may set the stage for a run toward $1.10 or higher. Adding to the bullish sentiment, ADA currently ranks number two for the strongest market sentiment among major cryptocurrencies. This ranking reflects both retail and institutional optimism, because of its technical signals and price patterns on its daily chart. Beyond the charts, market mood is playing a crucial role in today’s ADA movement.  A recent post by the Cardano Feed on X mentioned in his opinion that “Altseason 3.0” has officially begun, with ADA positioned as one of the potential leaders of this cycle.  Cardano’s community engagement is also adding to the bullish momentum.  Just recently, Charles Hoskinson shared that the network is seeing a wave of new participants due to an ongoing airdrop of NIGHT token. Per his shared screenshot, nearly 3.08% of the total NIGHT token supply has been claimed, with around 35,600 total claims recorded so far. This influx of participants has boosted on-chain activity and combined with ADA’s improving technical posture, is reinforcing the narrative that the project is regaining traction once again. Next Levels to Watch on the ADA Price Chart From a technical perspective, traders are eyeing the $0.92 resistance level as the next key test. Because the pattern suggests that a decisive break and hold above this zone would strengthen the Cardano price prediction narrative for a potential rally toward $1.10.  Conversely, failure to hold the breakout zone it could result in a retest of lower support levels, but current sentiment suggests buyers remain in control. We’d Love to Hear Your Thoughts on This Article! Was this writing helpful? Read More

After an initial positive spillover on the euro from news of Trump meeting with Putin next week, markets now need to assess how realistic a truce is, ING’s FX analyst Francesco Pesole notes. EUR to stabilise in the 1.166-1.170 area for now “We expect they will tread carefully on the topic, considering there are few indications so far that Russia is ready to agree to a total ceasefire in Ukraine. The key gauges of market sentiment on this topic will be energy prices, EUR/USD, EUR/CHF and EUR/JPY.” “Back to EUR/USD, we could see some stabilisation in the 1.166-1.170 area for now. Next week’s US CPI will tell us whether another break higher is possible.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet. FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. Read More

Pound Sterling (GBP) rose on BoE decision. GBP was last at 1.3440, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Daily momentum shows tentative signs of turning mild bullish “MPC delivered a 25bp cut to bring policy rate to 4%, as widely expected but vote outcome caught markets by surprise. A re-vote was required after the initial vote saw a 3-way split of 4 members voting for hold, 4 members voting for 25bp cut and 1 member voting for 50bp cut. Some members warned that higher food prices would drive inflation higher.” “BoE Deputy Governor Ramsden said that the nature of the persistence of inflation has surprised him. Governor Bailey said the path continues to be downwards but added that was now “genuine uncertainty” over the scope for further cuts because BoE was balancing risks of a sharper downturn in activity against the risk of inflation failing to ease as forecast. Markets are now only pricing in 70% chance of a 25bp cut by end-2025.” “Daily momentum shows tentative signs of turning mild bullish while the rise in RSI moderated. Next resistance at 1.35 levels (50 DMA). Support at 1.34 (21 DMA), 1.3360 (100 DMA) and 1.3140 (38.2% fibo retracement of 2025 low to high). We look for consolidation in 1.33 – 1.35 range.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet. FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. Read More

The Pound Sterling trades firmly against the US Dollar around 1.3450 as traders trim bets supporting BoE’s interest-rate cuts this year. Fed Governor Waller could be nominated as Chairman Powell’s successor. Investors await UK employment and US CPI data next week. The Pound Sterling (GBP) clings to three-day gains around 1.3450 against the US Dollar (USD) on Friday. The GBP/USD pair trades firmly as upbeat expectations that the Federal Reserve (Fed) will cut interest rates in the September meeting have kept the US Dollar on the back foot. According to the CME FedWatch tool, traders have almost fully priced a 25-basis point (bps) interest rate reduction by the Fed in September that would lower borrowing rates to 4.00%-4.25%. Additionally, the nomination of Council of Economic Advisers Chairman Stephen Miran by US President Donald Trump for the replacement of Fed Governor Adriana Kugler would also increase support for interest rate cuts in the policy meeting next month. Market experts had anticipated that the entry of Trump’s candidate into the rate-setting committee will be favorable for his economic agenda. Trump has criticized the Fed, especially Chairman Jerome Powell, a number of times for supporting a restrictive monetary policy stance. Meanwhile, a report from Bloomberg points that Fed Governor Christopher Waller could be Jerome Powell’s successor. The report also stated that Waller has met with Trump’s team members, who were impressed with him. Pound Sterling trades firmly as BoE cuts interest rates with a slim majority The Pound Sterling holds onto Thursday’s gains during the European trading session on Friday as traders pare bets supporting interest rate cuts by the Bank of England (BoE) after the monetary policy announcement on Thursday, in which officials decided to cut rates but after a very tight vote. The data from money markets shows that traders see a 17 basis points (bps) interest rate reduction in the remainder of the year, suggesting that the BoE will hold interest rates at their current levels until 2026. On Thursday, the BoE reduced its key borrowing rates by 25 basis points (bps) to 4%, as expected, but the decision was taken by a very slim majority, something that markets hadn’t expected. Out of the nine members of the Monetary Policy Committee (MPC), five supported a rate cut, fewer than the seven anticipated by economists. Moreover, the initial vote split was an unprecedented 4-4-1, with four members favouring a hold and one opting for a 50 basis point cut. A second vote was needed to reach the final 5-4 majority to cut rates by 25 basis points, something never seen before. In the statement following the decision, the BoE maintained the wording of a “gradual and careful” approach to further easing of monetary policy. BoE Governor Andrew Bailey stated that the central bank is committed to bringing inflation sustainably to the 2% target. Bailey warned that rising food and energy prices are de-anchoring consumer inflation expectations, the labor market is softening and the growth outlook is subdued. The BoE raised one-year forward Consumer Price Index (CPI) projections to 2.7% from the 2.4% previously expected. Friday’s economic calendar is empty, except for Bank of England Chief Economist Huw Pill’s commentary in the National MPC Agency briefing at around 11:15 GMT. His words could be worth noting, considering the different perspectives on rates within the BoE as Pill voted to keep rates unchanged. Looking at next week, investors shift their focus to the United Kingdom (UK) labor market data for the three-months ending June, which is scheduled to be released on Tuesday. In the US, investors will closely monitor the US Consumer Price Index (CPI) data for July, which is scheduled to be released on Tuesday. Investors will pay close attention to the inflation data to confirm whether the impact of tariffs has started feeding into prices. June’s CPI report showed an increase in the price of goods that are largely imported into the economy. US headline inflation is expected to rise to 2.8% on year from June’s 2.7%. In the same period, the core CPI – which excludes volatile food and energy prices – is estimated to have risen by 3%, faster than the prior release of 2.9%. Technical Analysis: Pound Sterling returns above 20-day EMA The Pound Sterling clings to gains around 1.3450 against the US Dollar during European trading hours on Friday. The near-term trend of the pair has turned bullish as it has climbed back above the 20-day Exponential Moving Average (EMA), which trades around 1.3402. The 14-day Relative Strength Index (RSI) bounces back above 50.00 after oscillating inside the 20.00-40.00 range in the past few trading sessions, suggesting an attempt for bullish reversal. Looking down, the August 1 low of 1.3140 will act as a key support zone. On the upside, the July 23 high near 1.3585 will act as a key barrier. BoE FAQs The Bank of England (BoE) decides monetary policy for the United Kingdom. Its primary goal is to achieve ‘price stability’, or a steady inflation rate of 2%. Its tool for achieving this is via the adjustment of base lending rates. The BoE sets the rate at which it lends to commercial banks and banks lend to each other, determining the level of interest rates in the economy overall. This also impacts the value of the Pound Sterling (GBP). When inflation is above the Bank of England’s target it responds by raising interest rates, making it more expensive for people and businesses to access credit. This is positive for the Pound Sterling because higher interest rates make the UK a more attractive place for global investors to park their money. When inflation falls below target, it is a sign economic growth is slowing, and the BoE will consider lowering interest rates to cheapen credit in the hope businesses will borrow to invest in growth-generating projects – a negative for the Pound Sterling. In extreme situations, the Bank of England can enact a policy called Quantitative Easing (QE). QE is the process by which

Ultimately, the Bank of England delivered on the promise of an exciting decision, Commerzbank’s FX analyst Michael Pfister notes. BoE delivers a hawkish surprise “Although the expected interest rate cut of 25 basis points was implemented, the vote had to be repeated due to a lack of a majority. Initially, four decision-makers voted in favour of keeping interest rates unchanged, four voted in favour of a 25 basis point cut, and one voted in favour of a 50 basis point cut. It was only during the second ballot that a narrow majority of five voted in favour of a smaller cut. Compared to market expectations, this was a clear hawkish surprise, and the pound appreciated.” “Beneath the surface, the uncertainties continued unabated. Decision-makers appear increasingly concerned about persistent inflation, with the forecast for September 2025 raised to 4% (two percentage points above the target). During the press conference, Bank of England Governor Andrew Bailey emphasised the ‘genuine uncertainty’ surrounding the way forward.” “It seems extremely unlikely that interest rates will be raised. Rather, the question is when we can expect the next rate cut. The September meeting now seems highly improbable, and if inflation remains high until then, even the November meeting could be called into question. For the time being, this is good news for the pound.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet. FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. Read More

Gold price futures rally to near $3,534 as the US imposes tariffs on all imports of one-kg Gold bar. Fed officials warn of growing labor market risks. The Fed is almost certain to cut interest rates in the September policy meeting. Gold price futures post a fresh all-time high around $3,534.00 on Friday. The precious metal strengthens, following the announcement of tariffs on imports of one-Kilogram (KG) gold bar by United States (US) President Donald Trump, a move that prompted supply concerns. The Financial Times (FT) reported that a letter from Customs and Border Protection (CBP) stated that one-kg and 100-ounce gold bars should be classified under a customs code subject to higher tariffs. The major victim of tariffs on imports of gold bars will be Switzerland, which is the world’s largest gold refining hub. Additionally, firm market expectations that the Federal Reserve (Fed) will cut interest rates in the September policy meeting have also strengthened the Gold price. Lower borrowing rates by the Fed improve demand for non-yielding assets, such as Gold. A slew of Fed officials has stated cooling labor market conditions is paving the way for monetary policy easing. On Wednesday, comments from Minneapolis Fed President Neel Kashkari, and San Francisco Fed President Mary Daly siganled that monetary policy adjustments are needed amid growing economic and labor market concerns. On Thursday, Atlanta Fed President Raphael Bostic has also warned of slowing job creation, but refrained from committing to resumption of the monetary expansion cycle, citing that price pressures are expected to accelerate in coming months. Meanwhile, arguments in favor of reducing interest rates by the Fed would get further appreciated with the nomination of Council of Economic Advisers Chairman Stephen Miran by US President Donald Trump as a replacement to Fed Governor Adriana Kugler. Gold technical analysis Gold futures deliver a breakout of the Symmetrical Triangle formation on the upside – a move that often leads to volatility expansion. The downside border  of the above-mentioned chart pattern is placed from the May 15 low of $3,123.30, while its upside border is plotted from the April 22 high around $3,509.90. Upward-sloping 20-day Exponential Moving Average (EMA) around $3,397.4 suggests that the near-term trend of the Gold price futures is bullish. The 14-day Relative Strength Index (RSI) rises above 60.00. A fresh bullish momentum would emerge if the RSI holds above that level. Looking up, the Gold price had entered an uncharted territory. Potential resistances would be $3,550 and $3,600. Alternatively, the Gold price would fall towards the round-level support of $3,200 and the May 15 low at $3,123.30, if it breaks below the May 29 low of $3,269.10. Gold daily chart (Source: https://www.tradingview.com/chart/LWQ4s95s/?symbol=FX_IDC%3AUSDINR) Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves. Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal. The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship