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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

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​​​AUD/USD, EUR/USD and GBP/USD rally as 50bps Fed rate cut back on the table​​​

​​​​AUD/USD, EUR/USD and GBP/USD rally as Us dollar slips due to 50bps Fed rate cut becoming more likely again.​ ​​

USD Source: Adobe images
USD Source: Adobe images
Forex United States dollar EUR/USD GBP/USD AUD/USD Euro
Written by: Axel Rudolph | Market Analyst, London
Publication date:

​​​AUD/USD remains bid

AUD/USD targets last Friday's $0.6767 high with the 22 August low at $0.6698 acting as potential support ahead of the 55-day simple moving average (SMA) at $0.6671.

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

​EUR/USD is heading back up again

EUR/USD rises further and targets the 22 August low at $1.1098. Minor support is seen around the 3 September low at $1.1027. 

​​Only a currently unexpected fall through $1.1000 would likely engage the 21 March high at $1.0942. ​For now we stick to our neutral medium-term forecast with a bullish bias. 

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

​GBP/USD advances further still

GBP/USD recovery from the $1.3000 mark is taking the cross back towards its recent highs at $1.3239-to-$1.3267. 

​Potential slips may find support around the 3 September low at $1.3088 ahead of this week's low at $1.3002.

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

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Clients can lose more than they deposit. All trading involves risk.

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