AUD/USD Weekly Report: The pair remains range-bound after recent recovery attempts, facing resistance near 0.6700 and support around 0.6570. Market awaits fresh US inflation data and RBA commentary for directional cues. Traders should watch for a breakout or breakdown to confirm next moves. #Forex #AUDUSD #TradingStrategy
BRICS launches a gold-backed digital token aimed at reshaping cross-border payments and challenging dollar dominance. By merging blockchain transparency with tangible assets, this initiative could redefine global trade settlements and boost financial sovereignty among emerging markets. #BRICS #DigitalGold #Forex
US Dollar trends in GBP/USD and EUR/USD are being shaped by evolving Fed rate expectations and weaker economic data from China. Market volatility rises as traders weigh softer US inflation, mixed Fed signals, and China’s slower growth outlook. Stay tuned for more forex insights.
Elliott Wave analysis of the S&P 500 as of July 28, 2025, indicates we’re approaching the end of the powerful wave (3) rally that began in 2023. Signals like weakening momentum and volume suggest wave (3) is near completion, preparing the market for a corrective wave (4) retracing 23.6%-38.2% before the uptrend resumes. Stay informed with EWM Interactive’s full breakdown. #SP500 #ElliottWave #MarketAnalysis
USD/CAD is currently testing key support near 1.3645 amid mixed fundamental signals and technical consolidation. Dovish Fed comments and softer US data weigh on the dollar, while oil price fluctuations and Canadian inflation create uncertainty. Watch this support zone closely for potential breakout or reversal—critical for both short-term traders and long-term investors. Stay tuned for updates.
#Forex #USDCAD #TechnicalAnalysis
AUD/USD remains under pressure within a bearish trend, consolidating near 0.6580 support after testing resistance around 0.6700–0.6780 last week. Technical indicators show persistent selling momentum, though a descending triangle pattern hints at possible continuation. Key levels to watch: support at 0.6580/0.6460 and resistance near 0.6700. Fundamentals and US rate outlook will influence next directional move. Stay tuned for updates.
*Analysis adapted from ActionForex.com Technical Outlook*
BRICS’ tokenization of gold marks a bold stride toward de-dollarization and enhanced economic sovereignty. By leveraging blockchain technology to digitize gold ownership, the bloc aims to streamline trade settlements, reduce reliance on the US dollar, and reshape global financial power dynamics. This move could redefine forex, commodities markets, and international reserves, signaling a new era in monetary innovation and geopolitical influence.
EUR/USD mid-day outlook for June 13, 2024 shows a notable shift after recent U.S. economic data and FOMC policy update. The pair’s pullback from 1.0915 to around 1.0750 signals growing bearish momentum, with key support at 1.0700 and 1.0665 under pressure. Short-term indicators, including the MACD crossover and RSI decline, reinforce seller control, though the medium-term uptrend from 1.0600 remains intact. Traders should watch 1.0780 resistance as a critical level for bulls to regain momentum. The coming sessions will clarify if this is a temporary correction or a deeper trend reversal.
USD/JPY remains in focus as robust US economic data supports the dollar while Japan’s political uncertainty pressures the yen. Fed caution contrasts with BoJ’s ultra-loose policy, driving volatility. Technical trends show bullish momentum—traders eye key support and resistance levels ahead. #forex #USDJPY #FXanalysis
USD/CAD is testing key support between 1.3670-1.3680 amid mixed US and Canadian economic data and fluctuating oil prices. Watch for a break below 1.3670 that could open the path to 1.3600 and 1.3540 lows, while resistance near 1.3740 and 1.3800 caps upside. Technical indicators signal indecision, so traders should monitor risk events closely. #forex #USDCAD #technicalanalysis
Credit: MENAFN.com
