Daily Pivots: (S1) 1.2491; (P) 1.2564; (R1) 1.2619; More… Intraday bias in GBP/USD remains mildly on the upside at this point. Fall from 1.2892 could have completed with three waves down to 1.2298. Further rise should be seen and break of 61.8% projection of 1.2298 to 1.2568 from 1.2471 will target 100% projection at 1.2741.
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Daily Pivots: (S1) 1.2491; (P) 1.2564; (R1) 1.2619; More… Intraday bias in GBP/USD stays on the upside for the moment. Fall from 1.2892 could have completed with three waves down to 1.2298. Further rise should be seen and break of 61.8% projection of 1.2298 to 1.2568 from 1.2471 will target 100% projection at 1.2741. For
Interest rate in Australia will likely stay unchanged at 4.35%. Reserve Bank of Australia Governor Michele Bullock to keep her options open. Australian Dollar bullish case to be supported by a hawkish RBA. The Reserve Bank of Australia (RBA) will announce its decision on monetary policy early on Tuesday. Australian policymakers are widely anticipated to
Gold rebounds strongly, rising nearly 1% in response to increasing optimism that Fed might reduce interest rates sooner. Friday’s US Nonfarm Payrolls report, indicating a slowdown in job creation, fuels expectations for September rate cut. Comments from Fed officials, including Thomas Barkin and John Williams, highlight ongoing concerns over inflation and employment trends. Gold price
AUD/JPY up 0.87%, nearing 102.00 due to optimistic global financial outlook. Technicals: Upward momentum with RSI above 50 indicates bullish control. Resistances at 102.42 (Tenkan-Sen), 102.84 (2014 high), and 103.47 (April 26 high). The AUD/JPY climbed 0.87% on Monday amid an upbeat market mood, sponsored by increased odds the US Federal Reserve might cut rates
Ethereum holdings on centralized exchanges continue to decline despite recent whale sales. With Robinhood Crypto as the latest recipient of the SEC’s Wells notice, Ethereum spot ETFs look more unlikely. Ethereum could see a decline to key support level before attempting a bounce back to the $3,300 key level. Ethereum’s (ETH) price movement on Monday
Crypto-backed Super PACs have raised over $102 million in view of the upcoming US elections. Crypto companies are moving to aid policies in favor of digital assets. Crypto Super PACs anticipate the November elections in Ohio and Montana. As the US elections approach, crypto political action committees (PACs) have raised more than $102 million to