Author: Arslan Butt
Arslan Butt
Arslan Butt is a seasoned live webinar speaker and derivatives analyst with expertise in cryptocurrencies, forex, commodities, and indices. With a strong background in both technical and fundamental analysis, Arslan helps traders—especially beginners—navigate financial data, assess market trends, and develop effective trading strategies. Arslan has extensive experience in the cryptocurrency and forex markets, focusing on price forecasting and market predictions. His previous role at a leading brokerage firm involved managing risk for forex and cryptocurrency trading clients, further refining his expertise in speculative positioning and risk management. Specializing in trading psychology, market sentiment, and price action analysis, Arslan has contributed to prominent platforms such as Cryptonews, ForexCrunch, InsideBitcoins, and EconomyWatch. His goal is to equip traders with the insights and tools they need to make well-informed investment decisions.
Gold hovers near $3,400/oz as traders price in an 85% chance of a Fed rate cut in September. Strong Q2 U.S. GDP and upcoming PCE inflation data add uncertainty.
EUR/USD trades above 1.1650 as upbeat U.S. GDP and jobless claims fail to lift the dollar. Political uncertainty in France keeps euro recovery in check.
Bitcoin rises 1.2% to $111K after hitting a 7-week low below $109K. Fed independence worries and Trump Media’s new crypto venture fuel market volatility.
FTSE 100 dips 0.04% as pound drops 0.3%. Ofgem raises energy price cap, Rio Tinto restructures, Prudential surges, JD Sports struggles, Hochschild tumbles.
Oil prices rise 0.4% after a 2% drop, as U.S. tariffs on India double to 50% and U.S. crude stockpiles fall less than expected, fueling market uncertainty.
Gold prices dip 0.4% after hitting a two-week high, as Trump’s move to oust Fed Governor Lisa Cook raises concerns over central bank independence.
EUR/USD rallied above 1.1700 as Powell’s dovish Jackson Hole remarks weakened the U.S. Dollar. PMI data and Fed rate-cut bets keep traders cautious.
Bitcoin slipped 2.1% to $112,550, hitting a six-week low as profit-taking erased Fed-driven gains. Ether neared record highs, altcoins traded mixed.
US stock futures held steady after Wall Street surged 1.9% on Powell’s dovish rate-cut signal. Focus now turns to Nvidia’s earnings for AI market insights.
Oil prices rose 0.3% after Ukrainian drone attacks hit Russian energy sites, raising supply risks. Rate cut hopes also buoy demand outlook.
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