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AUD/USD is consolidating the upside above 0.6900, as the Australian Retail Sales surprise positively with 0.9% in May. The US dollar attempts a tepid bounce amid persisting risk-off mood and weaker yields. Powell in focus.
USD/JPY is trading above 136.00 resuming weekly gains in Wednesday’s sluggish Asian session. The pair is tracking the renewed uptick in the US dollar, although the further upside appears capped amid risk-off flows and negative Treasury yields. Powell eyed.
Gold price is attempting to hold itself above $1,820.00 ahead of Fed Powell. The US dollar is trading lackluster as investors ahead of Fed Chair Powell's appearance. A Descending Triangle formation dictates that the gold prices will remain rangebound a little longer.
Shiba Inu price prepares for a quick retracement after nearly a week of recovery bounce. While this run-up was impressive, things are likely going to go slow for SHIB as investors continue to book profits.