US Greenback Forecast: Will FOMC Commentary Shift Greenback Momentum? – Gold, GBP/USD and EUR/USD Outlook…

Gold (XAU/USD) trades at $2,633.83, up zero.36%, displaying regular shopping for curiosity. Fast resistance lies at $2,652.90, with help at $2,628.47. Gold stays above its 50 EMA of $2,620.80, signaling bullish momentum, however testing the 200 EMA at $2,632.78 could cap positive factors. A sustained break above $2,652.90 may lengthen the rally, whereas a drop beneath $2,628.47 could flip sentiment bearish. Merchants ought to monitor $2,628 for directional readability.

Sterling Holds Regular as Manufacturing PMI Matches Forecast

The British Pound (GBP) remained secure because the Nationwide HPI m/m surged by zero.7%, exceeding the zero.1% forecast however beneath the prior 1.2%. In the meantime, the Remaining Manufacturing PMI met expectations at 47.three, reflecting ongoing sectoral challenges.

The blended information highlights restricted upward momentum for the Pound as traders eye upcoming financial indicators to evaluate the broader restoration path for the UK financial system.

GBP/USD Technical Evaluation