EUR/USD’s weekly leg higher remains firm, with spot challenging the key 1.1600 hurdle amid the third consecutive daily advance.

Gold is shrugging off Tuesday’s small dip and pushing to multi-day highs above $4,170 per troy ounce on Wednesday. The move higher comes as the US Dollar (USD) loses some steam again, even though US Treasury yields are trying to rebound across the curve.

The Australian Dollar (AUD) accelerates its uptrend midweek, lifting AUD/USD to new multi-day highs past 0.6500 the figure and at the same time putting further distance from its critical 200-day SMA.

Gold prices remain bullish above $4160 as expectations of a Fed rate cut lift sentiment, but further gains depend on breaking the critical $4220 resistance level.

EUR/USD is stabilizing near 1.1560 amid improved sentiment and mixed US data, but technical indicators and Fed policy uncertainty keep the pair within a cautious bearish trend.

EUR/USD edges lower on Wednesday, trading around 1.1550 at the time of writing, down 0.10% on the day. The pair is consolidating after reaching a weekly high just below 1.1600, as the US figures published earlier in the day temporarily capped the bullish momentum seen earlier this week.