EUR/USD hovered near 1.1640 on Thursday after modest gains in the prior session, pressured ahead of Germany’s HCOB PMI at 07:30 GMT, forecast at 50.3, and Eurozone PMI data at 08:00 GMT, with Manufacturing projected at 49.5 and Services at 50.6. The pair is testing resistance at 1.1770, while support is seen at 1.1600.
Gold steadied around $3,340 per ounce as traders awaited the Fed’s Jackson Hole symposium, with Powell’s speech expected to provide policy direction. Markets are pricing in an 82% chance of a September rate cut, though officials remain cautious on inflation and labor. Resistance stands at $3,385, while support is at $3,300.
Bitcoin traded at $113,900 on August 21, down 0.35% from the previous session. Over the past four weeks it has lost 5.07%, though it remains up 88.66% year-on-year. Projections put BTC at $114,082 by quarter-end before slipping to $103,706 within a year. The pair is testing resistance at 124,500, with support at 112,600.
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