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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.

​​​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

This information has been prepared by IG, a trading name of IG Markets Ltd and IG Markets South Africa Limited. In addition to the disclaimer below, the material 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 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. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research 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 and quarterly summary.

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