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.
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.
Gold prices dipped 0.3% after Fed Chair Jerome Powell signaled possible September rate cuts. Investors shift toward risk assets, capping metals’ gains.
Yen hits 3-week low at 148.9 as BoJ policy doubts persist; U.S. data fuels Fed cut bets, but dollar strength keeps USD/JPY near key resistance.
Bitcoin drops 4% to $112.9K as Fed rate-cut odds shrink; Powell’s Jackson Hole speech looms as crypto markets post weekly declines.
UBS raises S&P 500 year-end target to 6,600, its second upgrade in two months, citing strong earnings, AI growth, and easing trade tensions.
Oil rises 2.8% this week as Ukraine tensions disrupt Druzhba pipeline and U.S. crude stockpiles fall by 6 million barrels, boosting demand outlook.
Gold dips 0.4% as investors cut Fed rate-cut bets ahead of Powell’s Jackson Hole speech; dollar strength adds pressure.
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