Attention remains on upcoming releases, including Durable Goods Orders, weekly Initial Jobless Claims, and GDP growth, projected to hold at 3.3% annualized.

GBP/USD slipped below its 50-day Exponential Moving Average at 1.3500 after a short rebound, ending a two-day rally. The pair reflected sensitivity to US economic and political developments, while the UK calendar stayed quiet. 

Gold held near recent highs on expectations of a 25-basis-point Fed cut, while silver traded around $44 per ounce after trimming losses. Geopolitical risk added caution, with Sino-US trade relations and a planned meeting between Presidents Trump and Xi in South Korea in focus.

Take a look at today's analysis for more insights!