CME Fedwatch

Goldman Sachs says a September Federal Reserve interest-rate increase is very unlikely, citing softer economic data and improving inflation trends. The view is supportive for bitcoin bulls as BTC remains confined to a narrow trading band around the mid-$63,000 area.

The US dollar remained close to familiar levels after July inflation data matched consensus across headline and core measures. Softer jobs data and another decline in inflation have pushed more hawkish Federal Reserve expectations out of immediate focus.

The US dollar remained broadly steady after July inflation data landed in line with market expectations, limiting volatility across major markets. Softer jobs momentum and another cooling inflation reading have pushed more hawkish Federal Reserve expectations into the background for now.

GBP/USD has pushed higher despite a hawkish Federal Reserve hold, putting the 1.3400 area back in focus for currency traders. The Bank of England decision could now determine whether sterling bulls can extend the move or whether resistance forces another pullback.

AUD/USD is back under pressure as technical resistance aligns with a firmer U.S. dollar, rising oil prices and renewed geopolitical anxiety. Traders are watching whether nearby support can hold or whether the triple-top structure opens the door to a deeper pullback.

GBP/USD is drawing fresh attention after breaking above the closely watched 1.3500 area and the nearby 1.3489 resistance zone. Traders are now watching whether the former ceiling can become support as pound strength and dollar weakness shape the next move.

Bitcoin’s latest advance has lost momentum as investors reassess the meaning of softer U.S. inflation data for Federal Reserve policy. With producer price data due later today and oil prices pressuring the inflation outlook, crypto traders are watching macro signals closely.

U.S. inflation came in well below expectations in June, easing pressure on the Federal Reserve to move quickly on interest rates. Bitcoin extended gains after the data, while stock futures rose and Treasury yields fell.

The S&P 500 and Nasdaq advanced as Broadcom’s extended Apple partnership revived demand for semiconductor names. The Dow pulled back after a fresh record, leaving traders focused on Fed minutes, earnings, and whether momentum can hold.

Gold is stabilizing above the key $4,000 area as traders await the US Non-Farm Payrolls release for signals on the Federal Reserve’s policy path. Technical indicators still urge caution, with downward-sloping moving averages and resistance levels limiting confidence in a sustained rebound.