
British Pound weakens against US Dollar as headline PCE beats forecasts
British Pound weakens against US Dollar as headline PCE beats forecasts
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British Pound weakens against US Dollar as headline PCE beats forecasts

USD/CAD remains bullish above 1.3850 as GBP/USD and AUD/USD show signs of rolling over, putting the US dollar back in focus ahead of Jackson Hole.

Silver price tests $70 resistance ahead of Jackson Hole. A breakout could revive the uptrend, while rejection may expose the 200-day EMA near $65.

Pound Sterling Price News and Forecast: GBP/USD hits fresh intra-week lows after failure at 1.3660 resistance

Euro comes under pressure against US Dollar after mixed US PCE data

Gold slips as sticky US PCE inflation fails to boost Fed rate-hike expectations

Gold slips ahead of US PCE as US Dollar firms modestly

Gold traded around 4,650 USD per ounce on Wednesday, remaining near three-month highs. Investors are awaiting the latest PCE data – the Federal Reserve's preferred measure of inflation.

EUR/USD outlook: Consolidates above key supports ahead of US inflation data

EURUSD remains in extended consolidation under new 3 ½ month high (1.1711) with action holding above broken Fibo barrier at 1.1648 (61.8% of 1.1849/1.1324 descend) that maintains bullish bias (despite initial negative signals from long upper shadows on Thu/Fri daily candles) and keeps the upside in focus. Daily studies keep strong positive momentum, with multiple MA bull-crosses and converged 10/200DMA on track to form golden cross, underpinning the action.

USDCHF currency pair recently reversed down from the support zone between the pivotal support level 0.8010 (former strong resistance from March) and the lower daily Bollinger Band.

Euro: ECB tightening outlook offers support against US Dollar - BNY

Gold eases from $4,700 high ahead of key US PCE inflation data

Lower energy prices are providing a supportive environment for European markets, with the DAX extending its gains and the euro holding largely in a holding pattern. The decline in oil prices has also helped longer-dated US Treasuries, pushing yields lower as concerns over inflation have eased somewhat.

Gold Price Forecast: XAU/USD corrects to near $4,620 in countdown to US PCE Inflation data