US Greenback Value Forecast: Can DXY Maintain Above $102.96? Gold, GBP/USD, EUR/USD Outlook…

If gold stays above $2,662, the uptrend could proceed, supported by the “three white troopers” candlestick sample. A break under $2,662 might set off promoting strain.

Sterling Beneficial properties as GDP and Manufacturing Beat Forecasts

The British pound (GBP) noticed modest positive aspects after UK GDP rose by zero.2% in September, matching expectations. Manufacturing manufacturing shocked with a 1.1% rise, beating the forecast of zero.three%.

Industrial manufacturing additionally grew by zero.5%, exceeding the anticipated zero.2%. The products commerce stability narrowed to -£15.1B, signaling bettering commerce situations. Consideration now turns to MPC member Dhingra’s speech.

GBP/USD Technical Evaluation

GBP/USD is buying and selling at $1.30674, up zero.02%, holding above the pivot level at $1.30613. Speedy resistance is at $1.30825, adopted by $1.30958 and $1.31125.

On the draw back, key help ranges are $1.30417 and $1.30225. The 50-day EMA at $1.30642 is offering short-term help, whereas the 200-day EMA at $1.31217 suggests broader resistance forward.