The AUD/USD pair is climbing in an ascending channel above key EMAs, eyeing 0.6620 as RBA cuts and soft US CPI fuel Fed rate cut bets.

Bitcoin and Ethereum surged on renewed institutional demand, Fed rate cut optimism, and strong ETF inflows, with BTC nearing record highs and ETH eyeing a breakout.

BTC/USD trades near $120K with bullish momentum fueled by Fed rate cut bets, eyeing $125K if it breaks above the $122,250 double-top resistance.

The GBP/USD pair surged above key resistance at 1.3430 after soft US CPI boosted Fed rate cut bets, with bulls targeting the 1.3600 psychological level.

EUR/USD hovers near 1.17 as weak US CPI and rising Fed rate cut expectations support a bullish breakout toward 1.1830 amid strong technical patterns.

The Australian dollar remains choppy and relatively weak, with 0.6420 as critical support and 0.66 as tough resistance, despite softer US dollar sentiment.