Federal Reserve Minutes

GBP/USD starts the week near six-month highs after a strong breakout, but follow-through remains cautious as the US dollar draws support from a more hawkish Federal Reserve debate. Technical traders are watching 1.3618, 1.3600 and the coming Jackson Hole event for signs of whether the move can extend or slip back into a broader range.

EUR/USD traded near 1.1575 after weak US macroeconomic figures and a sharp rise in long term government bond yields across the United States and Europe. Traders are watching 1.1500 support and 1.1650 resistance as Federal Reserve minutes approach.

The U.S. Dollar Index remains fragile near 99.55 as traders await July Fed minutes for fresh signals on rates and inflation. EUR/USD and GBP/USD are holding firm above key trendline and EMA support zones, with policy divergence setting the tone for August 19 trading.

AUD/USD remains supported after reaching 0.7127, its highest level since June 5, before easing toward 0.7100. Traders are watching Federal Reserve minutes, Australian wage figures and jobs data for the next catalyst.

AUD/USD has extended its rebound to the highest level since June 5 as risk appetite improves and US data reinforces expectations for steady Federal Reserve policy. Technical traders are watching 0.7185 as the next upside target, while a move below 0.7020 would weaken the bullish setup.