CME Fedwatch Tool

AUD/USD held recent gains after softer U.S. inflation figures sharply reduced expectations for a July Federal Reserve rate increase. Traders are now watching whether the pair can defend support near 0.6970 and 0.6960 while testing resistance around 0.7020 and 0.7050.

Bitcoin is testing a fragile recovery as futures traders increase expectations for a September Federal Reserve rate hike. Technical traders are watching resistance near $63,800 to $64,000, where a rejection could reopen downside risk toward $59,300.

Gold opened the week with a bullish gap and briefly reached $4,200 per ounce, its strongest level in two weeks, before renewed selling pressure pulled prices toward $4,145. The market remains caught between a short-term recovery attempt and a broader medium-term bearish structure as traders monitor FOMC minutes and US rate expectations.