Austan Goolsbee

GBP/USD remains under pressure after sliding to 1.3206, its weakest level since June 29, as the US dollar holds firm and traders monitor geopolitical risk. Market attention now turns to US jobs figures, consumer confidence, housing data, GDP readings and Federal Reserve commentary for the next move.

Gold edged lower Tuesday as traders weighed a firmer Federal Reserve rate outlook against technical support near the 50-day moving average. The metal remains under downside pressure, but sellers have yet to force a decisive break beneath the key average.

Gold edged lower as traders weighed a firmer Federal Reserve rate-hike path against support at the 50-day moving average. The metal remains under technical pressure, with sellers watching whether upcoming jobs data can shift December policy expectations.

EUR/USD remains under pressure after falling to its lowest level since July 30, with technical traders watching a bearish flag formation and key levels at 1.1450, 1.1500 and 1.1550. Central bank commentary, fuel-price inflation, a Trump-Xi meeting and flash PMI data are set to shape near-term direction.

AUD/USD slipped to 0.6917 as traders positioned for US inflation data and assessed renewed geopolitical tension involving the US and Iran. Technical traders are watching a bearish flag structure, with 0.6865 emerging as the key downside target if dollar strength persists.

GBP/USD retreated to around 1.3400 as traders assessed rising geopolitical risk, firmer energy prices, and a busy macro calendar. Technical traders are watching whether fading momentum opens the door to a move toward 1.3300 or whether buyers can reclaim 1.3500.