PCE Inflation

EUR/USD rose to its strongest level since June 17 after Donald Trump paused planned attacks on Iranian infrastructure and the Federal Reserve left rates unchanged. Technical traders are watching whether the pair can extend toward 1.1622 after reclaiming the 1.1483 neckline and moving above the 50-day EMA.

Spot gold moved lower late Tuesday as sellers pushed XAU/USD beneath a short-term retracement zone now acting as resistance. Traders are watching Warsh’s press conference and the PCE inflation print as the next potential catalysts for whether the metal can stabilize or extend its decline.

The U.S. dollar is holding a constructive technical tone as traders prepare for the Federal Reserve meeting, key inflation data and payrolls figures. EUR/USD and GBP/USD remain under pressure near important resistance areas, while central bank guidance keeps forex volatility in focus.

Silver has staged a notable weekly rebound after heavy selling earlier in the month, but the macro backdrop remains difficult. A firmer dollar, tighter policy pricing and inflation sensitive oil conditions leave XAGUSD exposed to a pivotal sequence of Fed, PCE and wage catalysts.

Bitcoin has repeatedly bounced near $59,000 this month, making the level a closer watch than the round $60,000 mark. Traders are now waiting for Thursday’s U.S. core PCE report, which could decide whether the support holds.

Get today’s US Dollar forecast and technical analysis for DXY, GBP/USD, and EUR/USD. Explore key levels, market sentiment, and how upcoming PCE inflation data could shape USD direction.