Crypto Overview: Bitcoin holds steady, resonates with Gold – ARB, PYTH extend gains

Bitcoin (BTC) price hovers above $77,000 on Thursday, losing bullish momentum as its correlation with Gold has risen to nearly 50% over the last 90 days. Arbitrum (ARB) and Pyth Network (PYTH) recorded double-digit gains over the last 24 hours, emerging as top performers.

Canadian Dollar rises on weaker US Dollar, rising oil prices

USD/CAD extends its losses for the second consecutive day, trading around 1.3830 during the Asian hours on Thursday. The currency pair experiences downward pressure as a sharp rally in the Japanese Yen (JPY) weighed heavily on the US Dollar (USD).

Silver Price Forecast: XAG/USD extends gains as US Dollar falls further, NFP comes into focus

Silver price (XAG/USD) extends its Wednesday recovery move on Thursday, trading 0.67% higher at around $65.70 during the European trading session. The white metal strengthens as the US Dollar (USD) declines further due to moderate job demand in the United States (US) private sector.

Japanese Yen strengthens on BoJ rate hike signals

The USD/JPY pair attracts some sellers to near 158.15 during the Asian trading hours on Thursday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) following hints from Japanese policymakers that interest rates will rise later this month.

Hegseth extends troop deployments in the Middle East through 2027 — WSJ

US Defense Secretary Pete Hegseth is extending troop deployment timelines across the Middle East, signaling the conflict could drag into 2027, the Wall Street Journal reported on Thursday.

Gold Price Analysis: Pullback Accelerates Amid Fed Repricing, Retail Liquidation

Gold price analysis suggests the probability of further downside as the stronger dollar weighs on the precious metal. The new Fed Chair nomination has triggered a wave of deeper retracement in gold after a strong rally. Gold’s structural support remains intact as central banks still buy, while US-Iran tension also maintains a safe-haven demand. Gold...

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AUD/USD Forecast: RBA Decision vs Hawkish Fed Risks Cap Near-Term Upside

The AUD/USD forecast edges to the downside despite a hotter inflation print as the yields fell sharply, suggesting only a single RBA hike in the near term. Trump’s nomination of Kevin Warsh as the next Fed Chair lifts the US dollar, as markets view the decision as less dovish. COT positioning suggests reduced AUD longs,...

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EUR/USD Weekly Forecast: Bulls Fading from Multi-Year Top Ahead of ECB, NFP

The EUR/USD weekly forecast points to a corrective downside despite the pair ending the week with net gains, as the US dollar recovered slightly. Upbeat US PPI and the Fed’s hold in its recent meeting lent room to the falling dollar. The markets will closely watch the ECB rate decision and US employment data for...

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GBP/USD Weekly Forecast: Firm USD Risks Break of 1.37, Eyes on BoE, NFP

The GBP/USD weekly forecast remains slightly subdued as the markets pared partial weekly gains amid dollar recovery and profit-taking. Fed’s data dependency and resilient UK economy continue to balance the GBP/USD. Market participants eye the US NFP and the BoE interest rate decision to gauge further directional bias. The GBP/USD price closed its second consecutive...

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Gold Outlook: Strong Selling Amid Firm Dollar Ahead of US PPI

The gold outlook remains slightly deteriorated after a 4% plunge in a single session amid profit-taking. The structural demand for gold stays intact, with institutional targets set at $6,200 by mid-2026. Gold’s path could be bumpy depending on US macroeconomic data releases. Gold has been experiencing increased volatility after breaking the $5,500 barrier. The metal...

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