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CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

​​​EUR/USD, GBP/USD and AUD/USD rallies stall ahead of FOMC minutes​​​

​​​EUR/USD, GBP/USD stall around 2024 peaks while AUD/USD rally slows ahead of July FOMC minutes release.​​

AUD Source: Adobe images

​​​EUR/USD probes December peak

EUR/USD has practically reached its December peak at $1.1139, around which it is expected to at least short-term pause.

​Potential slips should find support around last week's high at $1.1047.

EUR/USD chart Source: TradingView.com
EUR/USD chart Source: TradingView.com

​GBP/USD stalls around July peak

GBP/USD has reached its July peak at $1.3045 before short-term consolidating.

​Minor support is seen around Tuesday's $1.2873 high.

GBP/USD chart Source: TradingView.com
GBP/USD chart Source: TradingView.com

​AUD/USD rally is ongoing

AUD/USD's sharp rally off its $0.6349 low is approaching its July peak at $0.6798.

Minor support is now seen between the May peak at $0.6714 and the 12 June high at $0.6704.

AUD/USD chart Source: TradingView.com
AUD/USD chart Source: TradingView.com

The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer.

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