technical

EUR/USD slides after strong US PPI data fuels doubts over rapid Fed rate cuts, with a break below the 50-day EMA potentially opening the path toward 1.14.

GBP/CHF is testing resistance near 1.0950 after a sharp rally, with a short-term pullback likely before bulls target 1.10 and the 200-day EMA.

The Australian dollar is under pressure after a failed rally at 0.6550, with strong US PPI data raising the risk of renewed US dollar strength and potential downside toward 0.64.

The Australian Dollar (AUD) partially faded its weekly recovery on Thursday, motivating AUD/USD to surrender the initial uptick to new two-week highs near 0.6570 to then refocus on the downside following a marked rebound in the US Dollar (USD).

The EUR/USD pair traded with a softer tone throughout the first half of Thursday, although confined to a tight range. Market players paused ahead of the release of United States (US) inflation-related data, but remained overall optimistic.

GBP/USD extended its weekly uptrend and touched a fresh monthly high near 1.3600 before correcting lower. The pair’s near-term technical outlook continues to show overbought readings as investors await mid-tier data releases.