Conference Board Consumer Confidence

GBP/USD has steadied after sliding to 1.3204, but the pair remains well below its August high and under pressure from diverging central bank expectations. Technical traders are watching whether a bearish flag pattern can trigger a fresh move toward 1.3100.

AUD/USD traded unevenly as the US dollar recovered modestly and traders waited for a busy run of US macroeconomic releases. Technical traders are watching whether the pair can hold above its 50-period EMA and retest last week’s 0.7180 high, with 0.7250 seen as a potential upside level if momentum improves.

EUR/USD is trading near its highest level in months after a bullish breakout pushed the pair above key resistance. Bond-market volatility, US consumer data, the PCE inflation gauge and European flash inflation figures now sit at the center of the next move.