The Australian Dollar (AUD) extended its gains for a second consecutive session on Monday as the US Dollar (USD) held steady amid a dovish sentiment surrounding the Federal Reserve (Fed) outlook. The AUD/USD pair remains underpinned by positive Australian employment data, which reduced the urgency for additional Reserve Bank of Australia (RBA) rate cuts in...
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USD/INR Tumbles as Indian PM Modi Vows a Wave of GST Reforms
The Indian Rupee (INR) surged sharply against the US Dollar (USD) on Monday, reflecting growing market optimism following Indian Prime Minister Narendra Modi’s announcement of sweeping Goods and Services Tax (GST) reforms. The USD/INR pair slumped to 86.50, marking a significant intraday decline as traders and investors digested the news of potential structural tax changes...
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In forex
AUD/USD Forex Signal: Stuck in a Range Ahead of Jackson Hole
The AUD/USD currency pair is currently trading sideways near a critical support level, reflecting a cautious market mood ahead of the Jackson Hole Symposium. On Monday, the pair hovered around 0.6500, slightly below last week’s high of 0.6570, as traders digested a series of economic data releases from Australia and the United States. Simon Kuper,...
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In forex
BTC/USD Forex Signal: Double-Top Pattern Points to a Pullback
The Bitcoin price moved sideways on Monday morning as the recent bullish momentum appeared to fade. The BTC/USD pair was trading around $118,230, well below its year-to-date high of $124,200. This pause in upward movement comes after several strong market catalysts drove Bitcoin to test fresh highs in recent weeks. Edward Frei, a trusted AureliusHub...
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In forex
GBP/USD Forex Signal: Technical Analysis Points to More Gains
The GBP/USD exchange rate has extended its recent uptrend, driven by a combination of strong UK economic data and signs of stagflation in the United States. On Monday, the pair was trading at 1.3552, marking a significant recovery from this month’s low of 1.3136. Market participants are closely watching upcoming UK inflation data and US...
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In forex
ETF Inflows Cushion Fed Concerns Before Major Data Release; Ethereum Targets $5K
Bitcoin Rises as ETF Inflows Stabilize Market Bitcoin (BTC) modestly rose 0.09% on August 16, snapping a two-day losing streak and partially reversing the prior session’s 0.74% decline to close at $117,631. Market participants attributed the recovery to sustained ETF inflows, which have provided crucial support amid broader macroeconomic uncertainties. Jack Atkins, broker at AureliusHub,...
