Analyzes

The GBP/USD pair attracts some buying on Thursday and recovers a part of the previous day’s losses to the 1.3425 region, or a nearly three-week trough.

Following a bullish start to the week, EUR/USD came under bearish pressure on Wednesday and fell more than 0.6%, erasing its weekly gains in the process. The pair holds steady at around 1.1750 in the European session on Thursday as investors gear up for macroeconomic data releases from the US.

Gold is struggling to reverse the previous day’s correction from record highs of $3,791 in Thursday’s Asian trades, eagerly awaiting the mid-tier US data and more speeches from Federal Reserve (Fed) officials for a fresh trading impulse.

Gold retreated from all-time highs after dollar stabilization, but the bullish trend holds with key support at $3,650 and upside targets toward $3,800–$3,835.

The USD/ILS trades sideways near 3.3540, with Israel’s holiday-thinned volumes keeping action muted as traders await US GDP data for direction.

The EUR/USD pair faces renewed selling pressure near 1.1728, with weak German data and Fed caution weighing ahead of key US GDP and inflation releases.