Solana Wave Analysis – 7 August 2025

- Solana reversed from support area

- Likely to rise to resistance level 180.00

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Chainlink Wave Analysis – 7 August 2025

- Chainlink reversed from the support area

- Likely to rise to resistance level 19.55

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Gold attempts to reach new highs, bouncing off the lower boundary

Gold quickly recovered and approached the upper limit of the medium-term consolidation range of $3,250-3,400 per ounce, thanks to the return of fears of stagflation in the US, the growing likelihood of a Fed rate cut in September, and frenzied demand in China. The employment sub-index in surveys of purchasing managers in the services sector has fallen for the fifth time in the last six months, while prices are rising rapidly.

Stagflation is good for gold, as low growth prevents the Fed from tightening while inflation is eroding the value of dollar assets. Precious metals are used as a hedge against inflationary risks.

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The dollar manages to ignore the strengthening of doves in the Fed

Labour market statistics, which sharply reversed market sentiment at the end of last week, interrupted the dollar's initial rise. Modest growth in July employment and a downward revision of 258,000 in the May-June data convinced investors that the economy was cooling. Derivatives increased the chances of the Fed easing monetary policy in September from 20% to 90%, taking 2% off the dollar index.

Donald Trump's dismissal of the head of the Bureau of Labour Statistics for allegedly falsifying data added fuel to the fire of the US dollar's rise against major world currencies. The White House is gaining more power. Trump has nominated his economic adviser, Stephen Miran, to the Fed. This is a temporary position until 31 January 2026. If the Senate approves him, he will become the leading contender for the position of Fed chairman. He is a strong supporter of lowering interest rates. Powell's current term ends in May 2026, but rumours of his premature resignation are constantly circulating. On Thursday, Bloomberg named Christopher Waller as the leading contender to be the Fed chairman, but that was before Miran's nomination. If this continues, will the dove replace the eagle on the facade of the Fed building in Washington? In such conditions, investors are rightly demanding a higher risk premium from US assets.

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What is ahead: RBA Rate, US CPI & UK GDP

The key event of the week up to August 15th will be the release of US inflation data for July. Further acceleration in consumer prices due to White House tariffs could be an obstacle to lowering the federal funds rate. A decrease in the chances that the Fed will resume its cycle of monetary expansion in September will allow the US dollar to rise.

Conversely, anchored inflation or its slowdown will give the Fed a free hand in easing monetary policy. The futures market believes that the central bank will take three steps along this path in 2025. This will give bears on the USD index an opportunity to resume their downward trend.

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Pro News Weekly Video: Dollar Dives, Gold Rallies & Bitcoin Regroups

💵 US Dollar Crashes—Weak jobs data and political drama push the dollar lower, and markets are now betting big on a Fed rate cut.

📉 Stock Market Jitters – S&P 500 stalls after strong Q2 earnings, but August’s track record is keeping bulls cautious.

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⚠️ Canada — Employment Change at 03:00 GMT

✔️ Prev: 83.1K

🕒 Exp: 15.3K

🎯 Fact.: -40.8K 📉

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⚠️ Canada — Unemployment Rate at 03:00 GMT

✔️ Prev: 6.9%

🕒 Exp: 7.0%

🎯 Fact.: 6.9% 📈

Ethereum rose to the highs of 2024

The crypto market climbed out of the hole it had fallen into at the beginning of August. Capitalisation grew by more than 3%, approaching a total market valuation of $3.90 on Friday. This time, XRP leapt upwards, while Ethereum continued to gain weight.

The cryptocurrency sentiment index gained 12 points in one day to 74, which is close to the extreme greed zone. The market was buoyed by the end of the Ripple and SEC case and the approval of cryptocurrency investments in pension plans.

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🇺🇸 US pre-market

📈 The US stock market premarket is showing mostly positive dynamics.

In the Electronic Technology sector, NVIDIA (NVDA) shares are up 0.52%, and Apple (APPL) shares are up 0.44%.

In the financial sector, JPMorgan Chase (JPM) shares are up 0.40%, while Berkshire Hathaway (BRK.B) shares are up 0.30%.

In the retail sector, Amazon's (AMZN) shares are up 0.12%, while Walmart's (WMT) shares are down slightly by 0.13%.

The prevalence of growth among the largest companies is contributing to the strengthening of the dollar due to a steady inflow of capital and high investor interest in risky assets.

🗓 Economic Calendar at 2025/08/09 (GMT)

01:30 🇨🇳 ⚡️ Consumer Price Index — Exp: -0.1% Actual: 0.0%

01:30 🇨🇳 Producer Price Index — Exp: -3.2% Actual: -3.6%


[Updated in real time]

Trump Coin Wave Analysis – 8 August 2025

- Trump Coin reversed from the support area

- Likely to rise to resistance level 10.75

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Ethereum Wave Analysis – 8 August 2025

- Ethereum broke the resistance level 3925.00

- Likely to rise to resistance level 4108.00

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⚠️ China — Consumer Price Index at 03:00 GMT

✔️ Prev: 0.1%

🕒 Exp: -0.1%

🎯 Fact.: 0.0% 📈

🗓 Economic Calendar at 2025/08/11 (GMT)

08:00 🇨🇳 New Yuan Loans — Exp: 2000B


[Updated in real time]

Bitcoin and Ethereum are racing to the top

The cryptocurrency market cap is updating its historical highs, reaching $4.06 trillion thanks to Bitcoin's rally since the start of the day on Monday. Altcoins are mostly staying out of this race for now, taking a break after last week's rally. This is one of the few times when a rally in major altcoins has inspired BTC to break through. It's usually the other way around.

Bitcoin is trading above $122K, testing historical highs. An important area of resistance was around $120K. For the media, it is formally important to update the highs, although from a technical point of view, the breakthrough has already been made. The bull’s nearest target now looks to be the $135-138K area.

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