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Pound Sterling found support at the thirty-eight percent Fibonacci retracement level ahead of the New Home Sales report, which is due to be released later today. The US Dollar Index indicates a bullish bias, trading above the 105.500 level and the 50-period Exponential Moving Average.

All eyes are on the Purchasing Managers' Index as the EURUSD declines after reaching the highest exchange rate of 1.09161 during the month of June. The PMI, which is due to be released later today, is expected to shed light on the economic health of France, Germany, the UK, and the USA. Traders are expected to closely monitor this currency pair in anticipation of the release of significant economic data that could potentially impact currency valuations.

The combination of a negative consumer outlook indicating pessimism and prolonged economic stagnation in New Zealand, paired with a more hawkish than expected Federal Open Market Committee (FOMC) decision, which revealed the Fed's projection of only one interest rate cut for this year, despite the soft US Consumer Price Index (CPI) report, exerted downward pressure on the NZDUSD.

Gold has bounced back above the key level of 2314.75 after the sharp decline on June 7, ahead of the Fed's decision later today. Despite remaining on a downward trajectory, investors are in a wait-and-see state as they look for a clear direction from the Federal Reserve. Traders will closely monitor the precious metal today due to significant economic data releases and their potential impact on Gold and currency valuations.

The Pound Sterling has registered an upward trend according to a convergence of technical indicators. However, the possibility of a consolidation or correction cannot be discounted, given the recent release of The Claimant Count data, which indicates an increase in the number of individuals receiving unemployment benefits from 8,900 to 50400. Additionally, the presence of a negative divergence signals a potential pause in the upward trajectory.

The EUR/USD is eyeing the 1.916 resistance, following the European Central Bank's interest rate cut from 4.50% to 4.25% and higher-than-expected U.S. initial claims, which totaled 229,000 for the week ending June 1.  Traders are expected to keep a close watch on this currency pair due to the upcoming release of significant economic data, including the Non-Farm Payrolls, which could potentially impact currency valuations.

The Pound Sterling has been showing a sustained upward trend for the fourth consecutive week, indicating a positive trajectory characterized by a series of higher highs and higher lows. This trend is occurring in anticipation of the ECB Interest Rate Decision and the release of the Non-Farm Employment Change. Traders are expected to closely monitor the currency pair in light of the forthcoming release of significant economic data that could potentially impact currency valuations.

The USDJPY currency pair remains on an upward trajectory despite the formation of the recent corrective wave. The mixed PMI data on Monday sparked rumors of a potential interest cut in September as monetary policy poses obstacles to expansion.