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Key Takeaways: Circle now connects to both TRUST and Binance-led GTR, covering 100+ VASPs for AML/KYC compliance. Strengthens Circle’s multi-network USDC transfer strategy across key markets like Singapore and France. Deepens cooperation with Binance, HashKey, and other major exchanges to align crypto with global regulations. Okcoin, the issuer of the USD Coin (USDC), has officially become a GTR Network member- a consortium of VASPs led by Binance, to implement the Global Travel Rule (GTR) and fulfil the expectations of the Financial Action Task Force (FATF). This makes Circle part of the two organizations TRUST and GTR, providing it with one of the busiest compliance platforms in digital assets. Read More: OKCoin Launches Euro Trading for Bitcoin, Ethereum; Opens Malta Office Circle Strengthens Multi-Network Compliance Infrastructure The FATF Travel Rule requires VASPs to share identifying information about the sender and recipient of digital asset transfers above a certain threshold. By joining GTR, Circle adds another secure channel to exchange Travel Rule data, complementing its integration with the TRUST network. Such simultaneous engagement is especially important as regulators around the globe ramp up the standards on crypto transfers. In Singapore to France, the implementation of the Travel Rule standards is gaining momentum, and those companies that do not comply with standards face a risk of being fined, restricted in operations, or even blocked in the market. Mandeep Walia, Circle’s Chief Compliance and Risk Officer, emphasized that joining both GTR and TRUST “reinforces the global compliance infrastructure for USDC transactions.” He noted that the integration enables secure, cross-border flows for enterprise payments, fintech platforms, and financial partners. Binance and HashKey Back a Growing Compliance Alliance GTR network, led by Binance, is becoming one of the foundation blocks to global crypto compliance. The alliance also comprises exchanges such as Binance and HashKey, the key players in the Asian regulatory environment. Circle on board makes the network jump on the credibility scale by having one of the largest stable coin issuer in the network. Noah Perlman, Binance’s Chief Compliance Officer, said Circle’s entry underscores the mission of creating a “seamless, secure pathway for VASPs to share required data without compromising user privacy.” This balance compliance with data protection has been one of the industry’s toughest challenges. Jack Wong, Strategic Partnerships Lead at GTR, pointed out Circle being a partner is validation of GTR security-sharing guided data privacy framework. He presented the gesture as a mutual understanding with building an interoperable and secure digital asset ecosystem. Read More: Binance Review 2025: Is It Legit? What Are Binance Pros and Cons? What Circle’s Dual Membership Means for Crypto It is not empty that TRUST and GTR coincide. It gives practical benefits to Circle: Bisected Jurisdiction: Having access to both networks allows Circle to mitigate jurisdiction-related risks in a greater number of markets, and not be dependent on a single framework. Wider Collaboration: Increased collaboration with Binance, HashKey and other leading exchanges builds closer integrated relationships within the crypto industry. In the case of USDC, the second largest stable coin with a market capitalization of over 30 billion, compliance infrastructure is a must. Stablecoins are being applied widely in cross-border settlement, institutional finance, and fintech features. Lapses in compliance may hamper trust and adoption. A Model for Future Crypto Compliance Circle’s integration into GTR provides a roadmap for how digital asset companies can manage the growing complexity of regulation. Instead of depending on a single compliance framework, a multi-network approach offers flexibility, interoperability, and scalability. This infrastructure provides a trusted foundation against which developers creating blockchain and fintech programs can satisfy regulatory requirements and at the same time maintain innovation. Safe data-sharing models also save institutions from taking the costs of compliance, which could lead to a broader entry of more traditional finance participants into the cryptocurrency space. The analysts have stated that this multiple-networking involvement could not only be on a temporary basis but also could prove to be a long-term trend in the future. Due to the tightening of the global standards by the Financial Action Task Force (FATF), it is possible to expect that more jurisdictions will adopt and actively enforce the Travel Rule criteria. Such a widening of regulation would probably prompt virtual asset service providers (VASPs) to pursue more extensive interoperability and compliance support. Read More

The hype around Solana meme coins like YZY is starting to backfire. Traders chasing quick gains on Kanye West’s coin are seeing massive losses as the token struggles to maintain support. While short-term pumps attract attention, analysts warn that projects without solid fundamentals are risky bets in today’s volatile market. As a result, many investors are shifting focus toward cryptocurrencies that demonstrate utility, adoption, and long-term growth potential, rather than those driven primarily by social media hype. YZY: Meme Coin Mania Hits A Wall YZY initially surged thanks to celebrity hype, but the coin is now facing steep corrections. After peaking, whales have started unloading positions, leaving retail investors exposed. Why are whales unloading? YZY cleared key resistance at $0.25, but volume quickly dried up Technicals show a fleeting Golden Cross, often unreliable in low-liquidity tokens Analysts caution that short-term rallies can collapse if sentiment fades Price targets between $0.28 and $0.36 could be unreachable if momentum doesn’t hold Meme coins can deliver quick gains, but they also carry sudden crashes. For those seeking long-term growth, focusing on projects with crypto with real utility and measurable adoption is now critical. Remittix (RTX) Gains Attention for Utility in Payments and DeFi In contrast to meme coin volatility, Remittix (RTX) has drawn attention for its focus on practical use cases. The project, which has reported raising over $20.7M in its presale, is centered on improving payment systems and cross-chain DeFi functionality. Its primary goal is to enable faster, lower-cost, and borderless crypto-to-fiat transactions. Here’s why Remittix (RTX) is attracting investors: Instant remittances across 40+ cryptocurrencies, making it a low gas fee crypto project Supports Ethereum, Solana and Polygon networks for a cross-chain DeFi project experience Prospective BitMart listing is hot in the news, giving RTX liquidity and exposure Upcoming listing will be announced when Remittix hits $22M in presale $250,000 Remittix Giveaway driving community engagement and adoption Investors seeking high growth crypto are turning to Remittix (RTX) for its real-world use and clear roadmap. It’s positioning as one of the best crypto presale 2025, combining utility, staking potential and low fees into a single ecosystem. Why Some Traders Are Moving Away from Meme Coins? Market sentiment is changing. After witnessing rapid YZY losses, traders are prioritizing projects that offer: adoption, staking opportunities and crypto solving real world problems. These criteria are seen as offering stronger long-term potential compared to purely speculative tokens. Remittix is one example of a project positioned within this trend, with its focus on payments and DeFi. 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 Please be advised that all information, including our ratings, advice, and reviews, is for educational purposes only. Crypto investing carries high risks, and CryptoNinjas is not responsible for any losses incurred. Always do your own research and determine your risk tolerance level; it will help you make informed trading decisions. Read More

September 2025 has started with fresh action in leading cryptocurrencies, fueling rumors about where digital assets may be going next. Tokens XRP, Cardano and Dogecoin continue to shape investor sentiment, each with widely varying trading patterns. In the meantime, Remittix (RTX) is fast establishing itself within the DeFi space as a result of its presale hype, wallet beta launch timeline and in-real-world payment flexibility. XRP, Cardano and Dogecoin Performance This Week XRP has been trending slowly with a current price value standing at $2.90, having recorded a minor 0.89% gain in the last 24 hours. Its market capitalization stands at $172.52 billion supported by a daily trade value of $5.69 billion, although the figure is down 22.95%. Cardano (ADA) has been experiencing more robust price action. At $0.8771, the token has risen by 3.14% over the last day. ADA’s market capitalization is at $31.31 billion, whereas its trading volume has fallen to $1.63 billion, representing a 37.38% drop. Dogecoin (DOGE), on the other hand, has traded in narrower ranges. Its price is at $0.2167, slightly lower by 0.11%. Dogecoin maintains a market capitalization of $32.64 billion, while trading volume stands at $2.45 billion, an impressive 27.31% decline. Remittix Wallet Release and Presale Growth Very much not a legacy token, Remittix is becoming a project with real use cases. Sold at presale of $0.0969 per token, RTX has so far raised over $20,7 million selling more than 614 million tokens. This has earned them the first CEX listing on BitMart and is a big adoption milestone. One of the greatest drivers of interest is the planned Q3 2025 Remittix wallet beta launch. Instant crypto-to-fiat transfer with over 40 cryptocurrencies and 30 fiat currencies supported will be a wallet feature.  With transparent real-time FX conversion, and low gas fees, it gives users an easy way to participate in decentralized and centralized exchanges. It ranks among the best crypto presales 2025, especially for those interested in early-stage crypto investment. Why Remittix Is Dominating In 2025 While speculative tokens only aim to speculate, Remittix differentiates itself as a utility-driven crypto, with its eyes on the $19 trillion remittance industry. Features like direct bank-to-crypto transactions and freelancers as well as business assistance make it extremely practical. Investors are also drawn by initiatives like the $250,000 Remittix Giveaway designed to develop community interest. Some reasons why RTX is creating waves include: Over $20,7 million raised, with strong presale traction Wallet beta Q3 2025 for global crypto spending First CEX listing on BitMart  Developed as a low gas fee crypto project with cross-border utility With XRP Price Prediction, Cardano Price and Dogecoin dominating short-term headlines, Remittix is quietly emerging as a next 100x crypto player. With its combination of presale success, strong adoption roadmap and upcoming wallet release, Remittix is one of the most exciting crypto presales available now.  As the next breakout altcoin 2025, Remittix may be the project that investors need to watch out for. 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 Please be advised that all information, including our ratings, advice, and reviews, is for educational purposes only. Crypto investing carries high risks, and CryptoNinjas is not responsible for any losses incurred. Always do your own research and determine your risk tolerance level; it will help you make informed trading decisions. Read More

The crypto market is buzzing with energy as attention splits between big names and new challengers. XRP has seen its trading volumes explode back to life, Dogecoin is gaining fresh whale interest, and BlockDAG’s presale has crossed $379 million. The contrast is sharp: quick speculation on one side, strong infrastructure building on the other. XRP is climbing on renewed trading activity, DOGE is gathering strength through massive whale purchases, and BlockDAG is driving real-world adoption with 2.5 million X1 app miners, sports tie-ups, and a major dashboard upgrade. Together, these moves highlight the clash between short-term trading spikes and projects built for longer runs. XRP’s Volumes Surge Past $12B XRP is back in focus, trading near $3 with heavy volume. Over the past four days, it dropped from $3.5 resistance but found stability at $3.05. This level has often sparked strong rebounds in the past. Trading volumes have now jumped more than 30%, hitting around $12 billion daily. Nearly 7% of the circulating supply exchanged hands in a single day, pointing to both intense selling pressure and firm buying support. The spike in volume also reflects interest in Ripple’s RLUSD stablecoin, which aims to capture part of the $3 trillion stablecoin market. With the SEC case resolved and ETF talk growing louder, XRP’s sharp rise in activity signals that the market may be preparing for a larger price move. Dogecoin’s $500M Whale Accumulation Dogecoin is showing signs of a possible breakout following huge whale activity. In just one week, large holders bought 2 billion DOGE, worth about $480 million. On top of that, retail buyers added over $32 million in spot demand, bringing the total inflow to nearly $500 million. This strong build-up points to high conviction from both whales and smaller traders. For now, DOGE is still trading between two liquidity zones. Downside pressure has capped recent rallies, but whale accumulation could provide the push needed to break through resistance. Despite trailing Bitcoin and Binance Coin, which set new records, Dogecoin’s fresh activity could mark the start of a reversal. If whales keep buying, DOGE may soon reclaim its position among the best performing crypto names in the near term. BlockDAG’s $379M Presale Signals Market Leadership BlockDAG is rewriting how presales can be done. Sitting in Batch 29 at $0.0276, the project has already raised more than $379 million, with over 25.3 billion coins sold. The target launch price is $0.05, which means early participants have already seen a 2,660% ROI from the first batch. Miner sales have crossed $7.8 million, with more than 19,300 units sold worldwide. Adoption is already clear. The X1 mining app has brought in 2.5 million users, allowing easy BDAG mining without expensive gear. This model ensures the project has an active base before launch. Transparency has also advanced with Dashboard V4, which mirrors a real exchange. It comes with live charts, wallet balances, and order books, while leaderboards and referral systems gamify the experience. BlockDAG’s recognition extends globally with partnerships across sports, including deals with Seattle Orcas cricket and Seattle Seawolves rugby. These tie-ups place its name in front of mainstream audiences, growing visibility far beyond crypto circles. The mix of huge funding, millions of miners, upgraded tools, and cultural reach makes BlockDAG much more than a presale story. It sets the stage for a strong launch and positions the project for leadership in the next market cycle. Final Takeaway The current contest between XRP, Dogecoin, and BlockDAG shows three types of momentum. XRP is gaining strength through heavy trading volumes and stablecoin expansion. Dogecoin is building a case through whale-driven accumulation, with $500 million entering the market. BlockDAG, on the other hand, is showing how presale strength tied to real adoption can shift attention. With $379 million raised, 25.3 billion coins sold, 19,300 miners already purchased, and Dashboard V4 creating a post-launch environment, BlockDAG is shaping up as more than another altcoin story. While XRP and DOGE thrive on market cycles, BlockDAG is proving its structure can hold up beyond hype, making it the best performing crypto to watch right now. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Disclaimer Please be advised that all information, including our ratings, advice, and reviews, is for educational purposes only. Crypto investing carries high risks, and CryptoNinjas is not responsible for any losses incurred. Always do your own research and determine your risk tolerance level; it will help you make informed trading decisions. Read More

A late-summer window of opportunity with relatively low mortgage rates is upon us, but it may be short-lived.  Late August is typically a slow time for housing activity, with people on vacation and preparing kids to return to school. With mortgage rates now falling on news coming out of a Fed meeting in Jackson Hole, the market could actually get a little less sluggish in this late-summer season. The market is anticipating a September interest-rate cut by the Fed. That’s already being priced into mortgage rates, which could pop back up depending on how the jobs and inflation reports come in early next month. Mortgage rates are unlikely to fall further after the September 17 Fed meeting. “Serious homebuyers should call off their end-of-summer vacations and plan to hit the open houses and their Redfin apps instead of the beach,” said Redfin Chief Economist Daryl Fairweather. “A lot of people mistakenly assume that an interest rate cut in September will cause mortgage rates to fall. But the market–not the Fed–dictates mortgage rates, which are falling after Jerome Powell signaled from Jackson Hole that a September rate cut is all but guaranteed.”  Homebuyers: Keep your eyes peeled for new listings, price drops and lower mortgage rates, giving you more purchasing power Talk to your lender about today’s rates, and how to lock them in. Clear your weekend calendar to visit open houses. It’s also a good time for your real estate agent to reach back out to listing agents of homes you recently toured but thought were priced too high. With lower rates and a little more purchasing power, you may be in a better position to strike a deal with the seller. The daily average mortgage rate dropped to 6.55% today, near the lowest level in 10 months. That means a homebuyer on a $3,000 monthly budget has gained roughly $20,000 in purchasing power since May, when the daily average rate hit a recent peak of 7.08%. A buyer on that budget can afford a $458,750 home with today’s mortgage rate, compared to the $439,000 home they could have bought with May’s peak. Sellers: Do that price reduction you’ve been considering, and amp up your marketing efforts Lower rates should bring some reluctant buyers back to the market, so now is a good moment to make your listing pop online with a price drop, and maybe even fresh photos. Your listing agent should check back in with buyers who showed interest but didn’t bite.  Homeowners: List now instead of waiting until after Labor Day  And if you’re getting your home ready to list in the Fall, move up your timeline if you can. Falling rates are likely to lure more buyers to the market, so strike while the iron is–relatively speaking–hot. Read More

Copyright: © 2025 Redfin. All rights reserved. Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy. Do not sell or share my personal information. REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO. California DRE #01521930 Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures New Mexico Real Estate Licenses TREC: Info About Brokerage Services, Consumer Protection Notice All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York. For additional information on Rocket Mortgage or to receive lending services in the State of New York, please visit RocketMortgage.com. If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732. Read More

Gold prices rallied sharply after Powell’s dovish tone highlighted employment risks despite persistent upside risks to inflation. Traders priced in a 90% probability of a 25 basis-point Fed cut, with key data still ahead before September. Next week’s US docket includes Durable Goods, GDP, and the Fed’s preferred inflation gauge, the Core PCE Price Index. Gold prices continue to trend higher on Friday after the Federal Reserve (Fed) leaned dovish, as commented by the Fed Chair Jerome Powell, who said that “downside risks to the labor market are rising.” XAU/USD trades at $3,371 after hitting a daily low of $3,321. The day arrived and Powell hinted that there’s a “reasonable base case” to think that tariffs would create a “one-time” increase in prices. Nevertheless, he acknowledged that risks to inflation are tilted to the upside and risks to employment to the downside, a “challenging situation.” After his remarks, Bullion prices initially soared towards the $3,350 area before resuming to the upside, heading to a daily high of $3,378 before retreating somewhat to current price levels. Market participants had priced in a 90% chance that the Federal Reserve will cut 25 basis points (bps) from its main reference rate, according to Prime Market Terminal. However, there are two inflation prints left and the following Nonfarm Payrolls report on September 5. Source: Prime Market Terminal After Powell’s speech, Cleveland Fed President Beth Hammack said that she heard that Powell is open-minded about the policy outlook, and she reiterated her stance to get inflation back to target. Next week, the US economic docket will feature Fed speeches, Durable Goods Orders, CB Consumer Confidence, GDP figures, Initial Jobless Claims, and the Fed’s preferred inflation gauge measure, the Core Personal Consumption Expenditures (PCE) Price Index. Daily digest market movers: Gold boosted by speculation of September rate cut Following Powell’s remarks, US Treasury yields tumbled, flattening the yield curve. The 10-year Treasury note is down nearly seven basis points at 4.261%. US real yields —which are calculated from the nominal yield minus inflation expectations— are down seven bps at 1.871% at the time of writing. The US Dollar Index (DXY), which tracks the performance of the USD against a basket of six currencies, drops more than 1% to 97.55. Fed Chair Powell said, “The baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.” He added that “the stability of the unemployment rate and other labor market measures allows us to proceed carefully.” Cleveland’s Fed Beth Hammack added that the Fed is a small distance away from the neutral rate and that the “Fed needs to be cautious about any move to cut rates.” She expects a rise in inflation and in the unemployment rate. Technical outlook: Gold price surges towards $3,400 Gold price has risen sharply, but it remains shy of testing the $3,400 mark. Bulls emerged on Powell’s remarks but remain cautious as geopolitical risk had de-escalated following upbeat news at the beginning of the week, regarding Russia and Ukraine. If XAU/USD climbs past $3,400, the next resistance would be the June 16 high of $3,452, ahead of the record high of $3,500. On the flipside, the $3,300 figure would be the first demand zone. Conversely, if Bullion retraces, it could halt its stop at the 50-day Simple Moving Average (SMA) at around $3,350. On further weakness, the 20-day SMA at $3,345 is up next, followed by the 100-day SMA at $3,309. Fed FAQs Monetary policy in the US is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability and foster full employment. Its primary tool to achieve these goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, it raises interest rates, increasing borrowing costs throughout the economy. This results in a stronger US Dollar (USD) as it makes the US a more attractive place for international investors to park their money. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates to encourage borrowing, which weighs on the Greenback. The Federal Reserve (Fed) holds eight policy meetings a year, where the Federal Open Market Committee (FOMC) assesses economic conditions and makes monetary policy decisions. The FOMC is attended by twelve Fed officials – the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four of the remaining eleven regional Reserve Bank presidents, who serve one-year terms on a rotating basis. In extreme situations, the Federal Reserve may resort to a policy named Quantitative Easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used during crises or when inflation is extremely low. It was the Fed’s weapon of choice during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy high grade bonds from financial institutions. QE usually weakens the US Dollar. Quantitative tightening (QT) is the reverse process of QE, whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing, to purchase new bonds. It is usually positive for the value of the US Dollar. 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.

EUR/USD rallies nearly 1% as Powell signaled policy flexibility and acknowledged downside risks in the US labor market. Traders boosted odds of a 25 bps Fed cut in September to 90%, up sharply from 72% on Thursday. Outcome hinges on Core PCE, CPI, and Nonfarm Payrolls before September, with risks skewed toward inflationary pressures. EUR/USD skyrockets during the North American session after Federal Reserve (Fed) Chairman Jerome Powell leaned dovish at his Jackson Hole speech, opening the door for a resumption of the easing cycle. The pair trades at 1.1718, up by 0.97%. Market participants began to price in a Fed rate cut in September as the Fed Chair Jerome Powell said that “The stability of the unemployment rate and other labor market measures allows us to proceed carefully as we consider changes to our policy stance.” He added that there’s a “reasonable base case” to think that tariffs would create a “one-time” increase in inflation. However, he remained cautious, emphasizing that risks of inflation are tilted to the upside and risks to employment to the downside. Following Powell’s remarks, traders increased their bets that the Fed will reduce rates at the September meeting, as the CME FedWatch Tool reveals an 85% chance–up from 72% a day ago—of a 25 basis points rate cut. Despite this sudden shift, the outcome of the September meeting is yet to be certain. Before the monetary policy decision, two inflation reports await—the Core Personal Consumption Expenditures (PCE) Price Index for July, and August’s Consumer Price Index (CPI)— and August’s Nonfarm Payrolls. Two red-hot inflation reports and strong employment data could prevent the Fed from cutting rates, pushing that decision towards the last quarter of 2025. Daily digest market movers: EUR/USD rises with Fed members split on monetary policy The Greenback fell after Powell’s comments. The US Dollar Index (DXY), which tracks the performance of the US Dollar against a basket of six currencies, drops more than 1% to 97.55. Fed Chair Powell added, “The baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.” He added that “the stability of the unemployment rate and other labor market measures allows us to proceed carefully.” Cleveland Fed President Beth Hammack said that she heard that Powell is open-minded about the policy outlook, and she reiterated her stance to get inflation back to target. She added that the Fed is a small distance away from the neutral rate and that the “Fed needs to be cautious about any move to cut rates.” EUR/USD is set to extend its gains due to central bank monetary policy divergence. The European Central Bank (ECB) is projected to hold rates unchanged at the next meeting, while the Fed, although the chances have trimmed, is expected to resume its easing cycle. The Euro shrugged off a worse-than-expected Gross Domestic Product (GDP) print in Germany, as the economy contracted -0.3 QoQ—estimates were of -0.1%—in the second quarter of 2025. Yearly, the economy dipped from 0.4% to 0.2%. Expectations that the Fed will reduce rates at the September meeting continued to trend higher. Across the pond, the ECB is expected to hold rates with odds standing at 94%, and a slim 6% chance of a 25-basis-point (bps) rate cut. Technical outlook: EUR/USD rises and clears 1.17, buyers eye YTD high of 1.1829 EUR/USD uptrend resumed on Friday, and after reaching a higher high of 1.1742, expectations had grown for an advance towards the 1.1800 figure. Momentum is bullish as depicted by the Relative Strength Index (RSI), with the index trending higher and poised to surpass its latest peak. The pair’s first resistance would be 1.1750, followed by the 1.1800 mark. If surpassed, the next stop would be the yearly high of 1.1829. On the other hand, a daily close below 1.17 opens the door for testing the August 19 high of 1.1692 and 1.1650. Euro FAQs The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%). The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde. Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money. Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest