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Julie

06/24 01:01

FxWirePro: GBP/AUD steadies around 0.9145 ,retains bid tone - EconoTimes

• GBP/AUD steadied on Tuesday as risk-off market environment weighed heavily on the Australian dollar.• Sharp losses in gold, silver and copper, alongside declines in equity markets, added further pressure to the risk-sensitive AUD.• Attention now shifts to key Australian data releases, with May CPI due Wednesday expected at -0.4% m/m and +4.3% y/y per Reuters poll consensus.• Labour market data follows on Thursday, with expectations for +30K jobs added and unemployment steady at 4.4%, both key inputs for RBA policy signals.• RBA Deputy Governor Andrew Hauser is scheduled to speak in Melbourne on Wednesday, with markets watching for any shift in policy tone.• Immediate resistance is located at 1.9103(38.2%fib), any close above will push the pair towards 1.9158(Higher BB).• Strong support is seen at 1.8942(50%fib) and break below could take the pair towards 1.8907 ( lower BB).Recommendation: Good to buy around 1.9050, with stop loss of 1.8950 and target price of 1.9150Gold is meant to be a ‘safe haven’ in uncertain times. Why is it crashing amid a war?Wall Street Slides as Iran War Uncertainty, Oil Surge, and AI Fears Rattle MarketsSpaceX IPO Filing Expected This Week as Valuation Could Surpass $75 BillionStagflation Shadows: U.S. Manufacturing Shines as Services Slump to 11-Month LowScarcity and Strife: Bitcoin Hits Historic Milestone Amid Geopolitical TremorsStrategy's Multi-Billion Dollar Bitcoin Accumulation: A 2026 Milestone
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