Bitcoin Smashes $93K as Institutions Pile In – $100K Next? 
EUR/USD Smashes 1.1660 as ADP Jobs Massacre Crushes the Dollar 
European Luxury Market Set for a Strong Rebound in 2026, UBS Says 
Morgan Stanley Boosts Nvidia and Broadcom Targets as AI Demand Surges 
U.S. Productivity Growth Widens Lead Over Other Advanced Economies, Says Goldman Sachs 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Bitcoin Defies Gravity Above $93K Despite Missing Retail FOMO – ETF Inflows Return & Whales Accumulate: Buy the Dip to $100K 
 - EconoTimes)
Dollar index trading at 95.62 (-0.35%).
Strength meter (today so far) - Euro +0.22%, Franc +0.26%, Yen +0.95%, GBP -0.34%
Strength meter (since last week) - Euro +0.63%, Franc -0.07%, Yen +1.45%, GBP -0.46%
EUR/USD
Trading at 1.125
Trend meter
- Long term - Buy, Medium term - Range, Short term - Range
Support
- Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.08-1.085
Resistance
- Long term - 1.175-1.18, Medium term - 1.172, Short term - 1.163, Immediate - 1.132
Economic release today
- Euro zone unemployment rate dropped to 10.9%, lowest level in more than three years
Commentary
- Euro has reached initial target of 1.12 and now consolidating around that level. 1.13 area proving to be crucial.
GBP/USD
Trading at 1.531
Trend meter
- Long term - Buy, Medium term - Range, Short term - Range/Sell
Support
- Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.518-1.512,
Resistance
- Long term - 1.592-1.616, Medium term - 1.595, Short term - 1.58
Economic release today
- Manufacturing PMI contracted further to 51.5 in August from 51.9 in July.
Commentary
- Pound is the worst performer this week, currently challenging key support at 1.53 area. Further decline is possible.
USD/JPY
Trading at 119.9
Trend meter
- Long term - Buy, Medium term - Range/Buy, Short term - Range/Sell
Support
- Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 118
Resistance
- Long term - 130, Medium term - 127.5, Short term - 124.5
Economic release today
- PMI for manufacturing dropped to 51.7 in August from 51.9 in July.
Commentary
- Yen is the best performer this week as stock market rout renewed.
USD/CHF
Trading at 0.962
Trend meter
- Long term - Buy, Medium term - Range, Short term - Range
Support
- Long term - 0.88, Medium term - 0.90, Short term - 0.93
Resistance
- Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.984-0.987
Economic release today
- PMI rose to 52.2 in August from 48.7 in July.
Commentary
- Franc benefiting from haven flows today as risk aversion returned in the market.
