FxAnalysis

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.

AUD/NZD plunged as rising Australian inflation raised the odds of RBA hawkishness, while New Zealand’s dovish policy stance continued to weigh on the Aussie cross.

USD/BRL is rebounding from a key double-bottom support near 5.27, with bullish technical signals and economic divergence between Brazil and the U.S. supporting upside potential.

The Nasdaq 100 edged lower on Tuesday, holding near critical support at 25,000 amid consolidation, as rate cut speculation and holiday-thinned volume shaped market behavior.