Analyzes

AUD/USD holds steady near 0.6500, but bearish divergence points to a potential decline toward 0.6400 as traders await Fed signals from Jackson Hole.

Bitcoin struggles near $116K as selling pressure builds, with risks of a breakdown toward $112K unless bulls reclaim resistance around $123K.

The GBP/USD holds near 1.3500, with stronger UK CPI and fading BoE cut bets boosting bullish momentum toward 1.3600 ahead of Jackson Hole.

EUR/USD trades sideways near 1.1665 but a bullish chart pattern points to potential gains, with traders watching Jackson Hole for fresh momentum.

The Euro (EUR) lost momentum in a negative start to the week, setting aside Friday’s bullish attempt. That said, EUR/USD came under fresh downside pressure and slipped back to the vicinity of 1.1650 on Monday. Despite the knee-jerk, the pair kept navigating its upper end of the monthly range.

A firmer US Dollar (USD) puts pressure on Gold prices at the beginning of the week. The XAU/USD pair approaches $3,330 early in the American session, down from an intraday peak of $3,358.45.