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The AUD/USD Is On Track To Reach August Highs
Abstract：There were concerns that the Australian dollar's early gains against the US dollar would be erased as yesterday's trade progressed into the US session.
As we approached US trade yesterday, there were some concerns that the AUD/early USD gains might fade. However, when risk sentiment improved, the Australian dollar's fortunes improved as well, and that attitude is continuing today. The pair is up 0.2% to 0.7120 and is now approaching its August highs of 0.7125-36.
A break over that resistance level would pave the way for a further upward rise toward last year's May and June highs of approximately 0.7265-83.
The stronger inflation statistics released yesterday are adding gasoline to the fire for the Australian dollar's rise, almost guaranteeing a 25 basis point rate increase in two weeks. Following the Bank of Canada's decision to remain on the sidelines following yesterday's rate rise, that is now the new standard by which major central banks will be measured.
The fact that stocks have shown some resilience this week and are looking to maintain a technical breakthrough this week is also a plus for the Aussie. Yesterday's improvement was good, reflecting earlier in the week's purchasing enthusiasm.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Indian Stocks Take a Beating, Sensex Falls by Over 600 Points Today: Check Out Why
Indian stock markets witnessed a sharp low in the early trading hours on Monday. While the Sensex fell by more than 600 points, Nifty slumped under 23,200. The fall in the stock market today is the investors’ reaction to the escalating tensions in the Middle East, a surge in crude oil prices and weakness across markets worldwide. At around 9:30 a.m. on June 8, 2026, the BSE Sensex dropped by 627.47 points to 73,615.87, recording a fall of 0.85%. At the same time, the Nifty declined by 195.40 points to 23,171.30, registering a 0.84% fall. The selloff was broad based, with most sectoral indices slipping into red. Nifty IT, Nifty Realty, Nifty Auto and Nifty Metal slipped by 1.61%, 1.68%, 1.21% and 1.31%, respectively. Even the Nifty Midcap 100 and Nifty Smallcap 100 declined by 0.73% and 0.63%, respectively. As far as Sensex stocks are concerned, only State Bank of India, Axis Bank, Power Grid Corporation of India and Sun Pharmaceutical Industries were found to be green. Among the one
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Pepperstone Review 2026: Massive Deposit & Withdrawal Complaints Against This Regulated Broker
Have you experienced issues with Pepperstone deposit & withdrawal processing? From your experience, do you feel that the Australia-based forex broker causes losses to its clients? Did the brokerage entity freeze your account and give you a margin call? All these trading allegations have been rampant on broker review platforms such as WikiFX. This Pepperstone review article takes a close look at the user complaints, especially in 2026. Additionally, we have given an overview of the regulatory framework under which the brokerage entity operates.
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Wundersys vs tradgrip: Two Offshore Newcomers Go Head to Head — and Neither Brings Home a Trophy
Some broker comparisons end with a confident "go with this one." This is not one of them — and that honesty is exactly what makes it worth reading. Wundersys and tradgrip are two young, offshore-registered brokers that keep popping up in front of beginner traders, often through aggressive online marketing. Both promise the usual buffet: tight spreads, generous leverage, multiple account tiers. And both, according to WikiFX, sit near the very bottom of the safety scale. So instead of crowning a champion, this comparison is really about something more useful: learning to read the warning signs, understanding the small differences that still matter, and knowing why "the better of two risky options" is still a conversation about risk.
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