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US Dollar Gains, Bitcoin Targets $69,000, and EUR/USD Stalls
A range of market forecasts released this week highlight mixed signals across major currencies and crypto assets. The US dollar is expected to soften early in the week, but upcoming Federal Reserve decisions on US GDP and PCE inflation could quickly reshape rate expectations, while the EUR/USD pair remains above 1.1400 but faces bearish pressure, trading near a three‑week low of 1.1370 with support at 1.1300. The GBP/EUR rate slipped to around €1.1698 as lower European gas prices and a falling UK 10‑year gilt yield under 5% supported the pound, while investors await the Bank of England’s policy announcement. AUD/USD outlook stays neutral with a bias toward potential downside retests of 0.6864, and USD/CHF moved higher after breaking the 0.8170 level, with the Swiss National Bank signalling rates at 0% through 2027. In crypto, Bitcoin is targeting $69,000 after breaking $66,200 resistance, though a pullback to $62,000 is possible as momentum wanes. BlackRock’s recent $271 million Bitcoin transfer to Coinbase suggests institutional sell pressure, coinciding with net outflows of $476 million from Bitcoin spot ETFs. XRP hovers near $1.05, with a key support zone at $0.95–$1.00 as institutional ETF inflows weaken. Together, these outlooks underscore a cautious market environment ahead of key economic data and policy decisions.
Entities
Australian dollar · Bank of Japan · Bitcoin · Bitcoin · BlackRock · British Pound · British pound sterling · EUR/USD · Euro · Euro · European Central Bank · Federal Reserve
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Goldman Sachs expects GBP/USD to retreat to at least 1.3250.
- [○ 1 SOURCE] Key support levels for EUR/USD are near 1.1365, 1.1325, and 1.1300.
- [○ 1 SOURCE] The US dollar opened the week softer. www.fxpremiere.com
- [○ 1 SOURCE] NZD/USD rejected the pivot at 0.5836 and may drop toward support near 0.5704.
- [○ 1 SOURCE] GBP/USD fell to three‑week lows near 1.3300.
- [○ 1 SOURCE] The FOMC meeting, US GDP, and PCE inflation could reshape rate expectations. www.fxpremiere.com
- [○ 1 SOURCE] Oil prices declined. www.fxpremiere.com
- [○ 1 SOURCE] EUR/USD fell from the 1.1475 resistance zone and started a fresh decline.
- [○ 1 SOURCE] Bitcoin price hovered around 63,100–63,400, with resistance at 64,163–64,363.
- [○ 1 SOURCE] USDCHF moved higher, testing a trendline and support at 0.8170. investinglive.com
- [○ 1 SOURCE] EUR/USD traded near 1.1370 with support at 1.1350. www.investingcube.com
- [○ 1 SOURCE] AUD/USD bias remains neutral with key resistance at 0.7022 and potential rally to 0.7119. www.actionforex.com