US Greenback Forecast: PMI Surprises Shake Up Gold, GBP/USD, and EUR/USD Outlook…
GBP/USD is buying and selling at $1.27185, up zero.14% for the session, reflecting a cautiously bullish tone. The pair stays above its pivot level at $1.26916, signaling potential upward momentum.
Rapid resistance lies at $1.27217, adopted by targets at $1.27452 and $1.27693. Key assist ranges embody $1.26610, $1.26408, and $1.26173.
The 50-day EMA at $1.26873 and the 200-day EMA at $1.26676 reinforce near-term assist, underscoring $1.26916 as a important stage. A break above $1.27217 might pave the best way for additional positive factors, whereas a dip beneath $1.26916 might set off sharper promoting.
Euro Stays Subdued Amid Blended PMI Knowledge and Lagarde’s Remarks
The euro noticed restricted motion as combined PMI knowledge highlighted uneven development within the providers sector. Spanish PMI dropped to 53.1, whereas Italian PMI declined to 49.2.
French PMI improved barely to 46.9. ECB President Lagarde reiterated a dovish tone, stating that fee cuts would proceed, although their tempo stays unsure.
German PPI met expectations at zero.four%, whereas upcoming industrial and retail knowledge will present additional path for the euro.
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