AUD faces mild downward pressure, testing 0.6250, with support at 0.6215. Price expected to range between 0.6215-0.6355.
Nasdaq futures show early buyer strength, needing confirmation. Key levels: 19,358 VAL, 19,439 POC. Seller exhaustion observed.
Nasdaq drops 4%, marking a possible fourth straight week of losses amid economic concerns and market volatility.
EUR/GBP trades at 0.8440 amid EU defence spending plans, German negotiations, Italian investments, and ECB policy implications.
The yen strengthened initially, but USD/JPY rebounded. US equities fell on recession concerns, while EUR/USD trended higher.
Gold rebounds from a one-week low as geopolitical tensions, rate cut expectations, and weak US dollar support prices.
Senator Kennedy discussed market valuation, tariffs, and uncertainty, highlighting potential impacts on inflation and investor confidence.
USD/CHF declines to 0.8800 amid trade war concerns, US Dollar pressure, and upcoming US inflation data.
Japan’s Finance Minister Kato monitors forex fluctuations, noting their impact on import costs and pledging appropriate actions.
USD/CAD declines as US Dollar weakens; Bank of Canada expected to cut rates amid economic uncertainty and tariffs.
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