The latest data from the Australian Commodity Futures Trading Commission shows that net positions for the AUD are now at -78.1k, an improvement from -81.3k. This slight change is a positive sign. In currency news, the EUR/USD has risen above 1.1550, aided by disappointing employment and ISM Manufacturing PMI data from the US. The GBP/USD also climbed over 1.3250 after a rebound due to weak US job figures. Gold prices hit weekly highs near $3,350 as US Treasury bond yields dropped, prompting a rethink of the Federal Reserve’s interest rate plans. This change boosted the value of XAU/USD. On the other hand, the cryptocurrency market is facing difficulties, even after a strong July. Bitcoin fell below $115,000, with sellers hoping for support around $112,000 due to rising liquidation levels. The euro area’s economy remains stable, supported by the EU-US agreement and increased spending in Germany. However, there are still concerns about a potential interest rate cut, making wage trends important to watch. Traders in the EUR/USD market should look for brokers that offer competitive spreads and quick execution to navigate the Forex market effectively. Due to weak US job data, the dollar is expected to weaken in the upcoming weeks. The Non-Farm Payrolls report from July 2025 showed only 95,000 jobs added, much lower than the expected 180,000. This supports the idea of attractive long positions in pairs like EUR/USD and GBP/USD. With this clear trend, buying near-term call options on EUR/USD seems wise, especially as it rises past 1.1550. The US ISM Manufacturing PMI also fell into contraction at 48.5, indicating that dollar weakness might continue through August. This approach allows for defined risk while following the current trend. Gold’s rise to $3,350 is closely linked to decreasing US Treasury yields and a reassessment of the Federal Reserve’s plans. According to the CME FedWatch Tool, the chance of a Fed rate cut by December 2025 has increased from 25% last month to over 60% after the recent data. This means call options on gold futures are likely to be in high demand. For the Australian dollar, the slight improvement in net short positions isn’t strong enough to signal a buy. The net position remains quite bearish at -78.1k, likely due to concerns about China’s economy, especially after their July Caixin PMI barely remained above expansion at 50.1. Selling out-of-the-money call options on the AUD could allow for premium collection while acknowledging the overall negative sentiment. In the crypto market, Bitcoin is showing signs of weakness as it drops below $115,000. Recent data from Coinglass indicated over $400 million in long position liquidations within just 24 hours last week, indicating strong selling pressure. It’s important to keep an eye on the $112,000 support level, and consider protective puts if it breaks.

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