PCE

AUD/USD has recovered from last week’s 0.6903 low to trade near 0.6970 despite a stronger US dollar and weaker iron ore prices. Technical traders remain cautious, with the pair still below key trend indicators as attention turns to Federal Reserve minutes.

AUD/USD steadied around 0.6953 after touching 0.6900, with traders reassessing Federal Reserve expectations following softer US inflation and jobs data. Technical traders see scope for a short-term rebound toward 0.7050, even as the broader trend remains pressured.

Gold remains trapped below a key resistance band as long-term Treasury yields and a firm dollar limit the impact of lower October hike expectations. Traders are watching Friday’s Non-Farm Payrolls report for the next signal on whether XAUUSD can reclaim resistance or retest this week’s low.

Silver failed to sustain a rally after softer PCE data, leaving the market back near the $60.84 retracement of its all time high. Traders are now watching Friday’s jobs report, the dollar, and Treasury yield pressure for the next directional cue.

Spot gold turned lower after breaking below the $4,230.51 level, shifting market control toward sellers. Traders are watching oil, Treasury yields, the dollar, PCE data and payrolls for clues on whether the selloff can extend or stabilize.

Spot silver fell sharply as sellers pushed XAGUSD through several technical supports and toward a major 50% retracement level. Treasury yields, dollar strength and rising rate expectations remain the key pressure points for the metal this week.

AUD/USD has extended its advance to its highest level since May 29, supported by expectations of possible policy divergence between the Reserve Bank of Australia and the Federal Reserve. Technical traders are watching 0.7280 as the next upside target, while a move below 0.7100 would weaken the bullish case.

AUD/USD has climbed to 0.7187, its strongest level since May 29, as traders weigh possible RBA and Fed policy divergence. The bullish setup remains focused on 0.7280, while a break below 0.7100 would weaken the near-term outlook.

GBP/USD has shifted into a more defensive posture after failing to sustain upside momentum and breaking below the neckline of a head-and-shoulders pattern. Traders are now watching whether 1.3600 caps rebounds, whether 1.3565 attracts buyers, and whether Jackson Hole commentary disrupts the dollar-led move.

EUR/USD retreated from this month’s high as traders digested US GDP and PCE data while awaiting guidance from the Jackson Hole Symposium. Technical traders are watching 1.1620 support, 1.1710 resistance and a possible extension toward 1.1800 if bullish momentum returns.

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.

AUD/USD is consolidating near recent multi-month highs as traders assess whether the pair can resume its broader advance after a modest pullback. U.S. inflation data, economic releases and Federal Reserve signals from Jackson Hole could decide whether the bullish setup extends or reverses sharply.

Silver held a modest rebound as lower crude prices, softer Treasury yields and a steadier dollar eased pressure on the metal. Traders remain cautious before Wednesday’s FOMC decision, Warsh’s press conference, and the next GDP and PCE readings.

Gold’s early strength is struggling to extend as traders weigh an oil pullback against a heavy week of US policy and inflation risk. Technical levels show XAUUSD compressed between key swing support and resistance, with the 50 day moving average emerging as the line that could decide the next directional move.

Gold enters a pivotal policy and data week with the market focused on Warsh’s inflation message, the PCE release and wage signals. Oil, Treasury yields and the dollar remain the key forces that could decide whether XAUUSD breaks from its five-week range.