We remain in the thick of thin summer trade, something that must be taken into consideration when reflecting on price action. The market has done a good job overall recovering from last Monday’s panic mess and the question on everyone’s mind is whether or not all of that doom and gloom is behind us or just the start to another intense wave of risk off flow.
 
 
 
 

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The AUD/USD pair trades on a stronger note near 0.6575 during the early Asian session on Monday. The hawkish messages from the Reserve Bank of Australia and hotter Chinese inflation data provide some support to the Aussie. However, the escalating geopolitical tensions in the Middle East might cap the upside for the pair. 

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EUR/USD appreciates above 1.0900, upside seems limited due to Middle East tensions

EUR/USD appreciates above 1.0900, upside seems limited due to Middle East tensions

EUR/USD halts its four-day losing streak, trading around 1.0920 during the Asian session on Monday. Traders await the preliminary Gross Domestic Product data for the Eurozone's second quarter, which is set to be released on Wednesday.

EUR/USD News

Gold holds below $2,450, eyes on geopolitical risks and key US economic data this week

Gold holds below $2,450, eyes on geopolitical risks and key US economic data this week

Gold price trades on a negative note around $2,430 during the early Asian session on Monday. The modest recovery of the US Dollar drags the yellow metal lower on the day. However, the downside might be limited amid the heightened geopolitical tensions in the Middle East.

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Arbitrum, Aptos, Starkware, SAND lead $220 million token unlocks next week

Arbitrum, Aptos, Starkware, SAND lead $220 million token unlocks next week

Token unlocks data on Friday reveals that the crypto market will see $220 million worth of tokens entering circulation next week amid signs of recovery from the recent market crash. This marks the second consecutive week of unlocks greater than $200 million.

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Week ahead: US CPI to test market nerves, RBNZ might cut rates

Week ahead: US CPI to test market nerves, RBNZ might cut rates

The panic about the US economy being on the verge of a recession has mostly eased but markets remain jittery. Investors see a real risk that the Fed’s delay in cutting rates has made a downturn inevitable.

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