AUD/USD has extended its rally ahead of the FOMC decision, boosted by expectations of a Fed rate cut and diverging RBA policy.

The GBP/USD pair surged to multi-week highs as traders price in a Fed rate cut and await UK GDP data. With bullish technical indicators and rising market optimism, the pair is targeting the 1.3500 resistance, though upcoming macro data could influence short-term direction.

EUR/USD holds firm above the 50-day EMA and flashes a green Supertrend signal as traders await the Fed’s rate decision; 1.1800 remains the next key resistance.

EUR/USD edges higher to start the week and trades in positive territory above 1.1650 in the European session.

Gold is trading around a flat line near the $4,200 mark, starting a crucial US Federal Reserve (Fed) week on a cautious footing.

After rising more than 3.5% in the previous week, Gold (XAU/USD) has entered a consolidation phase and fluctuated at around $4,200.