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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. 70% 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.

AUD/USD, GBP/USD and USD/JPY resume their ascents post US CPI and FOMC

AUD/USD, GBP/USD and USD/JPY are heading back up again as US inflations slows and despite hawkish FOMC.

USD Source: Getty Images

AUD/USD surge is taking a breather

AUD/USD swift rally has taken it towards its May peak at $0.6714, a rise and daily chart close above which will put the December peak at $0.6871 on the map.

Minor support can now be found around the 5 June low at $0.6627.

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

GBP/USD targets the $1.10 mark

GBP/USD recovery from its $1.2694 to $1.2676 support zone has taken it to above its early June highs, so far to $1.2861, while having the $1.2894 to $1.2996 zone in its sights.

Minor support is seen at the 22 May high at $1.2761.

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

USD/JPY bounces back

USD/JPY once again ran out of steam below its late May peak at ¥157.7 and on Wednesday slid to ¥155.72, close to the March-to-June uptrend line at ¥155.56.

As long as it holds, this week's high at ¥157.4 will be in sight.

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