The GBP/USD pair remains under pressure as strong US dollar momentum and bearish technical signals point to a potential decline toward the 1.3140 level.

EUR/USD finds it difficult to gather recovery momentum and trades slightly below 1.1600 in the European session on Thursday. The technical outlook suggests that sellers are likely to retain control in the short term.

Gold has reversed the early Asian dip to near $4,065 on Thursday, battling the $4,100 mark as traders look for fresh developments on the geopolitical and trade front.

EUR/USD is finding some relief midweek, reversing part of its recent slide and nudging back above 1.1600 the figure after three straight days of losses. The pair’s rebound comes amid a mild recovery in the broader risk sentiment and a generalised pullback in both US and German yields.

Gold price remained pressured throughout Wednesday, flirting with the $4,000 mark before finding some room to bounce towards the current $4,050 region. The US Dollar (USD) held on to its modest, yet positive momentum throughout the first half of the day, but lost steam after Wall Street’s opening.

The Australian Dollar (AUD) regained some composure on Wednesday, partially recovering ground lost on Tuesday and lifting AUD/USD above 0.6500 the figure.