FxAnalysis

The Pound Sterling (GBP) booked a third consecutive weekly gain against the US Dollar (USD), testing the 1.3600 barrier to reach monthly highs.

The EUR/USD pair survived yet another uneventful week, hovering in the vicinity of the 1.1700 level. The pair seesawed between gains and losses, confined to familiar levels amid speculation about the upcoming Federal Reserve (Fed) monetary policy decision, scheduled to be announced on Wednesday.

Gold (XAU/USD) touched a new record-high above $3,670 before entering a consolidation phase. The Federal Reserve’s (Fed) policy decisions could allow investors to decide whether XAU/USD has more room on the upside, despite technically overbought conditions.

EUR/USD struggles to hold its ground and declines toward 1.1700 on Friday after posting modest gains on Thursday. The pair’s near-term technical outlook points to a loss of bullish momentum as markets assess comments from European Central Bank (ECB) policymakers.

GBP/USD stays under modest bearish pressure and trades at around 1.3550 after gaining about 0.3% on Thursday.

The AUD/USD pair edges lower during the early part of the European session and for now, seems to have snapped a two-day winning streak to the highest level since November 2024 touched this Friday.