The GBP/USD exchange rate retreated sharply from the January high of 1.3876 to the current 1.3660. It dropped as traders waited for the upcoming Bank of England (BoE) interest rate decision.
The BTC/USD pair continued its freefall in the overnight session as investors dumped risky assets after talks between Iran and US stalled. Bitcoin price dropped to a low of $71,735, much lower than the all-time high of 126,300.
The AUD/USD exchange rate pulled back slightly as the post-Reserve Bank of Australia (RBA) jump faded and as geopolitical risks rose. It pulled back to 0.6980, down from this week’s high of 0.7050.
The AUD/JPY exchange rate continued its strong rally, reaching its highest level in decades as the ongoing Japanese yen retreat and the hawkish Reserve Bank of Australia (RBA) interest rate decision. It rose to a high of 110.15, up sharply from the 2025 low of 86.
The 0.86 level is an area that I will continue to pay close attention to, as it has been a bit of a floor in this market.
The Nasdaq 100 sees a bit of selling pressure on Wednesday, as it is now testing the critical support level near the 25,000 level.