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Discover the world of GreatForex! Get reliable market news, actionable trading analysis, an up to date economic calendar, and expert mentorship to help you trade with greater confidence and make informed decisions.
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British Pound: Labour data seen backing BoE hold – TD Securities

TD Securities expects the UK labour market to remain soft but stable in June, with employment rising 100k on a three‑month basis and unemployment edging down to 4.7%. Headline average weekly earnings are forecast to slow to 4.0%, while ex‑bonus pay holds at...
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Strait of Hormuz situation seen by US as 'static' with ability to hold naval blockade 'indefinitely'

EU mid-market update: Strait of Hormuz situation seen by US as 'static' with ability to hold naval blockade 'indefinitely'; China and Japan data...
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US Dollar Index Price Forecast: Bears push against two-month lows at 99.40

The US Dollar Index (DXY) extends losses for the third consecutive day on Monday, with bears testing levels at two-month lows below 99.40 during the European...
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🚨 UPDATE: Ethereum Foundation launches the PlatΓ₯berget testnet, opening early public testing for the Glamsterdam upgrade ahead of its Aug. 20 fork.
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The rise of Gold-backed stablecoins: Could they change precious Metals investing?

Gold's run in 2026 has pulled plenty of new attention toward the metal, and some of that attention has landed somewhere unexpected: cryptocurrency markets. Real yields and geopolitical uncertainty keep driving traditional gold demand, and a parallel trend has taken hold alongside...
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🚨 NEW: VanEck says Bitcoin is approaching the end of the correction phase, with 8 of 12 capitulation signals firing and long-term holders shedding 356K $BTC over the past month.
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πŸ”₯ NOW: Robinhood CEO Vlad Tenev says "we are in the early innings of a global tokenization supercycle," one he believes will β€œeat the entire financial system."
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Silver Price Forecasts: XAG/USD tests levels sub-$63.00 as bearish pressure mounts

Silver (XAG/USD) trades lower for the second consecutive day on Wednesday, exploring prices below the $63.00 level at the time of writing, after a reversal from the $66.50 area on...
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Gold Price Forecast: XAU/USD pushes higher, but overbought RSI warns bulls

Gold (XAU/USD) maintains a bullish bias on Monday and trades near its highest levels since...
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Australian Dollar: Momentum builds toward 0.7200 against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight AUD/USD’s sharp rally to 0.7180 and close near 0.7170, noting the move looks stretched but still lacks signs of a...
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NZD/USD Price Forecast: Dips below 0.5950, fresh weekly low as USD firms ahead of US PCE

The NZD/USD pair comes under some renewed selling pressure on Wednesday and drops to a fresh weekly low, around the 0.5945 region during the early European...
US Dollar: Buyback impact stays marginal – BNY

BNY’s Geoff Yu notes that U.S. cross‑border exposures have stabilized, with Dollar FX hedges broadly unchanged and U.S. equity holdings recovering as risk sentiment...
CFTC Report: CAD short covering leads; Gold buying surges

The week in one sentence: speculative positioning shifted more constructively in the week to August 25. CAD short covering led the move, followed by a broad reduction in EUR shorts and renewed Gold...
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Indian Rupee: Growth supports INR against US Dollar – Commerzbank

Commerzbank strategists highlight resilient domestic growth, supported by strong industrial production and investment activity ahead of the Q2 GDP release. The Reserve Bank of India (RBI) expects growth to moderate to 6.7% in FY2026-27 while inflation remains contained at...
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πŸ”₯ BIG: Crypto funds saw a $3.2B inflow last week, the largest since October 2025, per Bank of America.
XAUUSD β€” Midweek Technical Analysis

Upon market open, price began by continuing to test the 4,385 support level. From there, we saw buyers step in and push price higher towards 4,438, before price rejected from this area and moved back down towards our next point of interest at 4,350.

From the 4,350 area, price once again pushed higher, returning towards the 4,435 resistance level. However, we have since seen another rejection from this area, with price currently trading around 4,380.

With the market currently sitting back around this support area, we are expecting price to begin showing bullish momentum from these levels. However, for that bullish move to gain stronger confirmation, we will need to see price break and sustain above the 4,500 level.

Until then, we can expect continued volatility and consolidation between the key support and resistance areas, with 4,350–4,385 acting as the current support zone and 4,435–4,500 acting as the key resistance area.
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