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BTC eases below 107k after failing to break meaningfully above 108.5k. Q3 seasonality tailwind. BTC ETFs record a 15th straight day of net inflows. Fed rate cuts rise ahead of data & Powell speech. Bitcoin technical analysis.

USD/CAD rises as Fed Powell's comments at the ECB Forum raise expectations of a rate cut in September. Fed Chair Powell: "As long as the US economy is in a solid shape, the prudent thing to do is wait." The US ISM Manufacturing PMI and JOLTS job data beat expectations, reflecting a more resilient US economy.

Brent crude's failed attempt to hold above its 200-day moving average has reinforced downside risks, setting the stage for a continued retreat toward key support levels. With momentum lacking, prices could revisit the June lows unless short-term hurdles at $69 and $72 are decisively cleared, Société Générale's FX analysts note.

GBP/USD flat at 1.3707 as Bostic signals only one Fed cut in 2025 and three in 2026. UK GDP expands 0.7% QoQ in Q1, fastest in a year; signs of demand cooling emerge. US–UK trade deal takes effect; focus shifts to Powell and Bailey speeches on Tuesday.

Gold price stabilizes on Monday, with the US Dollar steadying to start the week. The Trump administration moves ahead with the Big Beautiful tax Bill. XAU/USD remains below $3,300 with Thursday’s employment data and the US budget deficit in focus.

Pound Sterling clings to gains against US Dollar while Fed monitors tariff-impact on inflation

The Pound Sterling shows strength near 1.3650 against the US Dollar after the announcement of the Israel-Iran ceasefire. Fed’s Powell states that the central bank still needs time to assess the impact of tariffs on inflation. BoE’s Bailey expresses concerns over easing labor market strength.

The Euro remains steady near over three-year highs against the US Dollar, supported by a moderate risk appetite. Weak US data and higher hopes of Fed interest rate cuts are weighing on the US Dollar. EUR/USD maintains its positive tone with resistance at 1.1630-1.1640 and 1.1700.