After a strong 2024 rally, the ASX 200 faces a bearish correction following rejection near 9000 resistance. Technical signals like RSI divergence and a flattening MACD suggest fading momentum. Inflation persistence and a hawkish RBA are key headwinds. Traders brace for pullback toward 7550 support. #ASX200 #StockMarketOutlook
USD/CAD continues its bullish momentum into late August 2025, currently in the fifth wave of an Elliott Wave impulse pattern as identified by Walid Salah El Din on MENAFN. With the pair testing resistance near 1.3900–1.4000, traders should watch for a potential ABC corrective phase afterward. Technical indicators like 50- and 200-day moving averages support this uptrend, but the RSI signals possible short-term pullbacks amid overbought conditions.
AUD/USD momentum is gaining steam after price decisively broke above a tight cluster of moving averages (20, 50, 100-day), flipping prior resistance into support. This technical breakout suggests growing bullish conviction with potential targets near 0.6750 and beyond. Traders will watch closely as fundamentals align.
EUR/USD remains near multi-week lows as the U.S. Dollar holds steady ahead of key economic data this week. Market focus centers on inflation and employment reports that could shape the Fed’s rate outlook and influence the pair’s next move.
EUR/USD slipped as political unrest in France unsettles the euro while uncertainty over the Fed’s next moves adds pressure on the dollar’s direction. Investors are cautious amid mixed economic data and await clearer guidance on monetary policy.
USD/JPY remains strong near 146 as the Federal Reserve’s hawkish stance contrasts with the Bank of Japan’s ultra-loose policy. Interest rate differentials and U.S. economic resilience keep the dollar buoyant, while Japan’s verbal interventions highlight Yen depreciation concerns. Traders eye Fed policy and inflation data for next moves. #Forex #USDJPY #FedPolicy
USD/CAD shows signs of short-term fatigue near the 1.3750 resistance but maintains its overall uptrend. A hawkish Fed supporting the US dollar, dovish Bank of Canada moves, and weaker oil prices keep the pair elevated. Watch for how these factors unfold in coming weeks.
AUD/USD has gained bullish momentum after breaking above a key cluster of moving averages, signaling a potential shift from consolidation to an uptrend. Supported by stronger volume and confirming momentum indicators, this move reflects both technical strength and positive fundamental factors like resilient Australian exports and steady RBA policy. Traders should watch for sustained follow-through as the pair eyes higher levels. Analysis by InvestingLive.com.
GBP/USD climbs to 1.351 as the pound gains strength amid improving UK economic data and hawkish Bank of England signals. Meanwhile, the US dollar weakens on signs of a Fed policy pause and softer inflation. Market eyes key resistance at 1.3550 for next moves. #Forex #GBPUSD
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