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TL;DR Solana trades at $181, holding above $176 support, with resistance marked at $205. Elliottwave analysis shows a double correction with support near $164–$157 and invalidation at $195. EU considers Solana or Ethereum for digital euro launch, raising accessibility and privacy questions. Solana Price and Analyst Outlook Solana (SOL) was priced at $181 at press time, with a daily trading volume of $4.55 billion. The token has fallen 1% in the last 24 hours and is down 8% over the past week. Despite this decline, analyst Ali Martinez stated,  “Not a bad spot to start loading Solana $SOL before a breakout to $360.” Ali’s chart shows Solana trading in an ascending structure supported by higher lows since March. The token remains above the $176 support zone and faces resistance at $205. Fibonacci extension levels mark reference points at $250, $278, $320, and $362. Solana continues to move between its rising trendline and the resistance area. Not a bad spot to start loading Solana $SOL before a breakout to $360. pic.twitter.com/N42zXpMzbT — Ali (@ali_charts) August 21, 2025 Corrective Structure and Technical Readings Elliottwave Forecast outlined a corrective pattern for Solana. The chart places SOL at $167 within a double correction (W–X–Y) formation. Support is projected between $164 and $157, while an invalidation level is noted at $195. The update added, “We Do Not Recommend Selling,” focusing on the corrective setup. Based on indicators, the 9-day moving average stands at $185, whereas the 21-day moving average is at $179. The price of Solana is between the two averages, which means that the confidence over the short term is ongoing, but there is no particular direction. The Relative Strength Index (RSI) is at 50, which indicates a neutral stance of the market. In July, the RSI rose to above 70, indicating a busy buying period then. Source: TradingView Spot Market Activity CryptoQuant data shows Solana’s Spot Taker Cumulative Volume Delta (CVD). From November 2024 to February 2025, buying was dominant, supporting higher prices. Between March and May 2025, selling activity was stronger, and prices moved lower. In June and July 2025, the CVD was mostly neutral, with a short buying phase. By August 2025, the data shows stronger selling pressure while Solana trades near $180. Source: CryptoQuant Broader Market Development The European Union is assessing whether to launch the digital euro project on Ethereum or Solana instead of a private chain. A rollout on a public blockchain could improve accessibility, though concerns remain over privacy and security. SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details). LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin! Read More

TL;DR ETH forms a bullish engulfing candle near $4,200, signaling renewed demand and trend continuation. Open interest hits record $28B, with traders heavily positioned for Ethereum’s next major move. Whales and the U.S. government accumulate ETH during dips, reducing supply and strengthening the market outlook. Bullish Candle Formation Signals Renewed Demand Ethereum (ETH) has printed a bullish engulfing candle on the daily chart. Analyst Cas Abbé noted that the pattern shows buyers are stepping back in. The green candle has fully covered the previous red one, a setup traders often view as a shift in momentum. Abbé explained that dips are getting bought, institutions are buying, while Bitcoin OGs are selling their BTC to buy ETH. The move appeared near the $4,200 level, which may now provide support. ETH remains in an uptrend that has been in place since May, with the price still following its rising curve. $ETH has formed a bullish engulfing candle here. Dips are getting bought, institutions are buying while Bitcoin OGs are selling their BTC to buy ETH. Now is the worst time to be bearish on ETH. pic.twitter.com/oZjC2Kzfqc — Cas Abbé (@cas_abbe) August 22, 2025 Remarkably, ETH open interest has reached record highs above $28 billion. Analyst Merlijn The Trader said,  “Historically, these setups don’t consolidate. They detonate.”  The data shows leveraged positioning is at its strongest point to date, reflecting aggressive activity across exchanges. Source: X With Ethereum trading above $4,000, the rise in open interest suggests that a large move is approaching. Merlijn added that this could be Ethereum’s biggest breakout since 2021, given the amount of exposure now built into the market. Accumulation by Institutions and Government Merlijn also reported that the U.S. government added $332,460 worth of ETH, bringing its holdings to $254 million. He commented,  “Governments don’t stack Ethereum for fun. They stack it for power.” On-chain analyst Ali Martinez said wallets holding between 10,000 and 100,000 ETH purchased 400,000 coins during the recent dip. The stash, worth about $1.7 billion, increased their total holdings to almost 30 billion ETH, or 25% of the circulating supply. This accumulation reduces the available supply on exchanges and shows strong participation from large holders. Technical Setup Points Toward $4,666 Analysts are also watching an inverse head and shoulders structure on the 4-hour chart. Bitcoinsensus identified a clear left shoulder, head, and right shoulder with a neckline near $4,300. Source: X A breakout above that level, if supported by high trading volume, projects a move toward $4,666. Bitcoinsensus said,  “Bulls need volume confirmation for breakout to stick.”  Without it, ETH risks rejection at resistance and a return to consolidation. SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details). LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin! Read More

During today’s highly anticipated speech from Jackson Hole, the current Fed Chair warned that Trump’s tariff policy has already started to harm prices, as inflation is getting to concerning levels. In what is most likely his last speech from Jackson Hole, Jerome Powell hinted at potential rate cuts by the end of the year, without providing more specific details. The Fed Chair, who is expected to step down as his term nears its end, said there’s an evident slowdown in the US economy, which is “much larger than assessed just a month ago.” In terms of unemployment rates, he noted that although the percentage has increased to 4.2% in July, it’s still at historical lows and has been relatively stable over the past year. What was most anticipated, especially from financial markets, was his views on whether the Fed should lower the interest rates during its next FOMC meeting in September. His comments were somewhat positive, as he opened the door to a rate cut as soon as next month. Bitcoin’s price reacted immediately to Powell’s speech. The asset had retraced in the days leading to the event today, dropping from $118,000 over the weekend to under $112,000 earlier today. However, it shot up immediately after Powell took the stage and exploded to almost $116,000 before it retraced slightly. BTCUSD. Source: TradingView Due to this massive surge for BTC and many altcoins, including ETH’s pump above $4,500, the liquidations have rocketed to over $230 million in the past hour alone. SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details). LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin! Read More

Following its strong rally and rejection at the all-time high, Ethereum has shifted into a corrective phase. Both daily and lower timeframes suggest that the next decisive move hinges on whether buyers can maintain key support zones or whether bears will drive the market into deeper retracements. ETH Price Technical Analysis By Shayan The Daily Chart On the daily chart, Ethereum has been retracing after its parabolic advance stalled at the $4.8K ATH. The price recently found support around the 0.5 Fibonacci retracement ($4,070), a zone that aligns with the ascending channel’s midline and prior demand levels. If this support weakens, the next major demand sits within the 0.618–0.786 Fibonacci retracement range ($3,900–$3,660), a region that could act as an accumulation zone if bearish momentum persists. Meanwhile, the RSI has cooled to neutral near 57, indicating that overbought conditions have been reset, but a clear directional bias has yet to form. Holding above $4,070 would preserve the broader bullish structure, while a decisive breakdown risks extending the correction toward the $3,600–$3,800 range. The 4-Hour Chart On the 4-hour timeframe, ETH recently rebounded from the $4.2K support, which overlaps with the ascending trendline. This confluence makes the $4.2K zone a crucial battleground for buyers. The price action has since developed a short-term consolidation range between $4,200 and $4,400, resembling an inverted head and shoulders pattern. This reflects market indecision: buyers are actively defending support, yet struggle to reclaim resistance. A confirmed breakout above $4.4K would validate the inverted H&S formation, opening the path for a renewed push toward the ATH region. Conversely, failure to hold the $4.2K support and trendline would expose ETH to deeper retracements, potentially targeting the 0.702–0.786 Fibonacci zone. Onchain Analysis By Shayan Ethereum continues to trade with sharp swings after its rejection from the all-time high, with the liquidation heatmap highlighting where leveraged positions are clustered. These zones often act as magnets for price, as liquidity hunts dominate short-term movements. During the rally into the $4,800–$4,900 range, ETH triggered a cascade of short liquidations before reversing sharply. This trap left late buyers caught at the top while creating a liquidity vacuum to the downside. Following the rejection, ETH swept lower into $4,100–$4,200, tapping a dense cluster of long liquidations and fueling the aggressive sell-off observed in mid-August. At present, the heatmap highlights two critical liquidity zones: $4,500–$4,700: A dense cluster of short liquidations that could attract prices higher if buyers regain control. $3,800–$3,900: A heavy concentration of long liquidations, still untested, which could serve as a downside magnet if current support fails. With ETH consolidating between $4,200 and $4,500, the market remains range-bound and liquidity-driven. Until a decisive breakout occurs, price is likely to continue gravitating between these clusters, with volatility fueled by liquidation cascades on both sides. SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details). LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin! Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information. Cryptocurrency charts by TradingView. Read More

[PRESS RELEASE – London, United Kingdom, August 22nd, 2025] MetaWin today announced the launch of MetaWin Create, a groundbreaking initiative that provides free access to premium AI tools exclusively for MetaWinners NFT holders. This marks a major first in the NFT space, combining digital ownership with real-world utility that enhances productivity, creativity, and innovation. Link: https://vimeo.com/1112264236 MetaWin has already adopted AI extensively across its own operations. The company’s development team is achieving three times the productivity with AI integration, while its in-house games studio is transitioning to full AI-powered builds. Now, this same advantage is being extended to the MetaWinners community. “I believe the future belongs to those who adopt AI and use it to create,” said Skel, Founder of MetaWin. “Not everyone has the pockets to subscribe to multiple AI platforms, so we’re removing that barrier. With MetaWin Create, simply holding a MetaWinners NFT unlocks access to powerful tools that can genuinely change lives.” Through MetaWin Create, NFT holders will gain access to a curated suite of AI platforms covering: Productivity tools (for research, writing, and workflows) Creative tools (for design, video, and content production) Developer tools (for coding and technical builds) This initiative reinforces MetaWin’s position as a pioneer in merging blockchain utility with cutting-edge technology adoption, and underscores its mission to provide real, lasting value to its community. MetaWin Create will roll out in phases, and will be available to all verified MetaWinners NFT holders at no additional cost. For more information on MetaWinners NFTs and the upcoming MetaWin Create program, visit metawin.com or follow @MetaWin on X. About Metawin MetaWin is the premier platform for on-chain prize competitions and instant win games, offering a diverse range of entertaining challenges for users to enjoy. By harnessing cutting-edge blockchain technology, MetaWin provides a transparent, fair, and secure gaming environment, making it the go-to destination for blockchain enthusiasts and gamers alike. SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details). LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin! Read More

2025-08-22T17:55:15.995+02:00 Friday, 22/08/2025 | 15:55 GMT by Tareq Sikder Medium-term support levels remain intact, suggesting stability in price. A dovish signal from the Federal Reserve could trigger a rebound toward $3.15. XRP recently failed to break a key resistance level, with analysts pointing to possible short-term weakness under broader market pressures. Despite this, the asset is holding firm support, suggesting medium-term stability. On the hourly chart, XRPUSD has rebounded from support and is trading above $3, showing signs of further upside. Analyst Update According to a recent technical analysis on the YouTube channel Cilinix Crypto, XRP is expected to move within the $2.50 to $3.40 range. The token tested resistance between $3.30 and $3.40 but failed to break higher. Momentum into the level was strong but insufficient to confirm a breakout. XRPUSD, H1 Chart, Source: TradingView Short-Term Outlook The analyst highlighted broader market fundamentals, including expected remarks from Federal Reserve Chair Jerome Powell, as potential pressure points. You may find it interesting at FinanceMagnates.com: BTC and ETH “Likely to Trade in Ranges,” Analyst Says as Futures Leverage Remains High. XRP could test support around $2.70, with a deeper drop to $2.50–$2.60 possible in a worst-case scenario. Medium-Term View Despite short-term risks, XRP is holding major support levels on higher timeframes, indicating potential stability. A dovish signal from the Federal Reserve could lift sentiment and trigger a rebound toward $3.15. After short-term volatility , XRP is expected to enter a period of consolidation, maintaining stability in the medium term. SEC Extends Review of XRP ETFs Meanwhile, the US Securities and Exchange Commission has extended its review of several proposed XRP exchange-traded funds, including applications from CoinShares, 21Shares, Canary Capital, and Grayscale. The SEC had previously postponed these filings, citing the need for additional assessment. The delays follow a broader pattern affecting digital asset ETFs, including Solana and Litecoin. Market reactions are mixed, with some traders expressing frustration while others view the extensions as part of the normal review process. Analysts remain optimistic, pointing to the conclusion of the SEC’s Ripple case and prediction markets indicating a strong likelihood of approval before year-end. XRP recently failed to break a key resistance level, with analysts pointing to possible short-term weakness under broader market pressures. Despite this, the asset is holding firm support, suggesting medium-term stability. On the hourly chart, XRPUSD has rebounded from support and is trading above $3, showing signs of further upside. Analyst Update According to a recent technical analysis on the YouTube channel Cilinix Crypto, XRP is expected to move within the $2.50 to $3.40 range. The token tested resistance between $3.30 and $3.40 but failed to break higher. Momentum into the level was strong but insufficient to confirm a breakout. XRPUSD, H1 Chart, Source: TradingView Short-Term Outlook The analyst highlighted broader market fundamentals, including expected remarks from Federal Reserve Chair Jerome Powell, as potential pressure points. You may find it interesting at FinanceMagnates.com: BTC and ETH “Likely to Trade in Ranges,” Analyst Says as Futures Leverage Remains High. XRP could test support around $2.70, with a deeper drop to $2.50–$2.60 possible in a worst-case scenario. Medium-Term View Despite short-term risks, XRP is holding major support levels on higher timeframes, indicating potential stability. A dovish signal from the Federal Reserve could lift sentiment and trigger a rebound toward $3.15. After short-term volatility , XRP is expected to enter a period of consolidation, maintaining stability in the medium term. SEC Extends Review of XRP ETFs Meanwhile, the US Securities and Exchange Commission has extended its review of several proposed XRP exchange-traded funds, including applications from CoinShares, 21Shares, Canary Capital, and Grayscale. The SEC had previously postponed these filings, citing the need for additional assessment. The delays follow a broader pattern affecting digital asset ETFs, including Solana and Litecoin. Market reactions are mixed, with some traders expressing frustration while others view the extensions as part of the normal review process. Analysts remain optimistic, pointing to the conclusion of the SEC’s Ripple case and prediction markets indicating a strong likelihood of approval before year-end. 1724 Articles 28 Followers A Forex technical analyst and writer who has been engaged in financial writing for 12 years. 1724 Articles 28 Followers Finance Magnates Daily Update Get all the top financial news delivered straight to your inbox. Stay informed, stay ahead. 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US Dollar Index appreciates ahead of Fed Chair Powell’s speech at the Jackson Hole Symposium. Fed rate cut odds ease following the US Purchasing Managers’ Index data and Initial Jobless Claims. Cleveland Fed President Hammack stated there is currently no case for cutting interest rates. The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the second successive session and trading around 98.80 during the Asian hours on Friday. Traders await Federal Reserve (Fed) Chair Jerome Powell’s speech at the Jackson Hole Symposium in Wyoming to gain clues on the September policy outlook. The US Dollar appreciates amid easing odds of Federal Reserve (Fed) interest rate cut in September, driven by strong Purchasing Managers’ Index (PMI) and rising Initial Jobless Claims data from the United States (US). According to the CME FedWatch tool, Fed funds futures traders are now pricing in a 75% chance of a rate reduction in September, down from 82% on Wednesday. The preliminary S&P Global US Composite PMI inched higher to 55.4 in August, from 55.1 prior. Meanwhile, the US Manufacturing PMI rose to 53.3 from 49.8 prior, surpassing the market consensus of 49.5. Services PMI eased to 55.4 from 55.7 previous reading, but was stronger than the 54.2 expected. Moreover, US Initial Jobless Claims rose to 235K for the previous week, an eight-week high and above the consensus estimate of 225K, suggesting some softening in labor market conditions. On the sidelines of the three-day symposium, Cleveland Fed President Beth Hammack said, during an interview with Yahoo Finance on Thursday, “I walk into every meeting with an open mind,” “But with the data I have right now and with the information I have, if the meeting was tomorrow, I would not see a case for reducing interest rates,” Hammack said according to Reuters. However, Chicago Fed President Austan Goolsbee said on Thursday that September’s Fed meeting remains open for action. Goolsbee further stated that the Federal Reserve has been receiving mixed signals on the economy. Boston Fed President Susan Collins signaled openness to a rate cut as soon as September, citing tariff headwinds and potential labor market softness, even as near-term inflation risks persist. US Dollar FAQs The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022. Following the second world war, the USD took over from the British Pound as the world’s reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away. The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback. In extreme situations, the Federal Reserve can also print more Dollars and enact 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 when credit has dried up because banks will not lend to each other (out of the fear of counterparty default). It is a last resort when simply lowering interest rates is unlikely to achieve the necessary result. It was the Fed’s weapon of choice to combat the credit crunch that occurred during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy US government bonds predominantly from financial institutions. QE usually leads to a weaker US Dollar. Quantitative tightening (QT) is the reverse process whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing in new purchases. It is usually positive for 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. 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

For the quarter ended July 2025, Zoom Communications (ZM) reported revenue of $1.22 billion, up 4.7% over the same period last year. EPS came in at $1.53, compared to $1.39 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.2 billion, representing a surprise of +1.66%. The company delivered an EPS surprise of +11.68%, with the consensus EPS estimate being $1.37. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company’s financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock’s price performance. Here is how Zoom performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Enterprise customers: 184,000 versus the four-analyst average estimate of 186,862. Customers >$100K TTM Revenue: 4,274 compared to the 4,233 average estimate based on three analysts. Current remaining performance obligation (RPO): $2.41 billion compared to the $2.45 billion average estimate based on three analysts. Remaining performance obligations (RPO): $3.98 billion versus the two-analyst average estimate of $4 billion. Non-current remaining performance obligation (RPO): $1.57 billion versus $1.53 billion estimated by two analysts on average. Revenue- Online: $486.6 million versus the three-analyst average estimate of $477.5 million. Revenue- Enterprise: $730.7 million versus $719.9 million estimated by three analysts on average. Shares of Zoom have returned -5.1% over the past month versus the Zacks S&P 500 composite’s +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Download 7 Best Stocks for the Next 30 Days. Click to get this free report Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed. Read More

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. Editors’ Picks GBP/USD battles 1.3400 amid unabated USD demand, Powell eyed GBP/USD keeps its defensive range play intact at around 1.3400 in the European session on Friday. The pair faces challenges as the US Dollar sustains the recovery amid strong US data-led reduced September Fed rate cut bets. All eyes now remain on Fed Chair Powell’s speech at the Jackson Hole Symposium.  Gold seems vulnerable as Fed rate cut doubts bolster USD ahead of Powell’s speech Gold extends the steady intraday descent through the early European session on Friday and retests the overnight swing low, trading around the $3,326-3,325 region in the last hour. The US Dollar prolongs its weekly uptrend amid diminishing odds for a more aggressive policy easing by the Fed. This is seen as a key factor driving flows away from the non-yielding yellow metal. Best Brokers for EUR/USD Trading SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you’re a beginner or an expert, find the right partner to navigate the dynamic Forex market. Read More

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. Editors’ Picks GBP/USD holds above 1.3400, eyes on Powell’s speech GBP/USD keeps its defensive range play intact near 1.3400 in the second half of the day on Friday. The pair struggles to gather recovery momentum as the US Dollar stays resilient following strong PMI data. Market attention shifts to Fed Chair Powell’s speech at the Jackson Hole Symposium.  Gold retreats below $3,330 ahead of Fed Chair Powell’s speech Gold retains its negative bias for the second successive day on Friday and trades below $3,330. The US Dollar stays resilient in the wake of diminishing odds for a more aggressive policy easing by the Fed, weighing on XAU/USD. Fed Chair Powell will speak on policy outlook at the Jackson Hole Symposium. AI boom or bubble? Three convictions for investors AI 2.0 = from “build it” to “prove it”: Big Tech’s AI investment is already in the hundreds of billions, but monetization remains modest. The cycle is shifting from spending on capacity to delivering productivity and revenue impact. Best Brokers for EUR/USD Trading SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you’re a beginner or an expert, find the right partner to navigate the dynamic Forex market. Read More