# Technical outlook: Gold, GBP/USD, EUR/USD [Video]

> The article reviews the outlook for gold and major currency pairs ahead of US inflation releases and UK GDP data. It reports that strong US employment data has raised market expectations of a December Federal Reserve rate increase, while a stronger dollar has increased downside risk for gold; softer inflation data could ease that pressure.

- Date: 2026-11-09 · published 2026-11-09T12:10:39.169Z
- Category: macro · region US and UK · magnitude low
- Page: https://feedsoft.ai/events/89356-technical-outlook-gold-gbp-usd-eur-usd-video
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

The direction of US inflation data could shift rate expectations and the dollar, affecting the cost of dollar-denominated feed commodities for buyers using other currencies. The article discusses possible market scenarios rather than a new supply or demand change.

## Read by commodity

- DXY: neutral
- GBPUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-05-31 | [EUR/USD outlook hinges on key upcoming macro events – Forex Friday](https://feedsoft.ai/events/30470-eur-usd-outlook-hinges-on-key-upcoming-macro-events-forex-friday.md) | +0.3% | +1.8% |
| DXY | 2025-02-26 | [US dollar rises as economic, tariff outlook gauged](https://feedsoft.ai/events/26223-us-dollar-rises-as-economic-tariff-outlook-gauged.md) | +0.5% | -1.0% |
| DXY | 2020-02-28 | [Richard H Clarida: US economic outlook and monetary policy](https://feedsoft.ai/events/54504-richard-h-clarida-us-economic-outlook-and-monetary-policy.md) | -0.5% | +4.3% |
| DXY | 2024-05-29 | [EUR/USD: Euro May Turn Lower vs. Dollar on Eurozone CPI Data \| tastylive](https://feedsoft.ai/events/30471-eur-usd-euro-may-turn-lower-vs-dollar-on-eurozone-cpi-data-tastylive.md) | +1.1% | +2.3% |
| DXY | 2021-07-02 | [Dollar's near-term outlook bright, but to fade in a year](https://feedsoft.ai/events/46249-dollar-s-near-term-outlook-bright-but-to-fade-in-a-year.md) | +0.1% | -0.1% |

## Sources

- fxstreet.com: https://www.fxstreet.com/analysis/technical-outlook-gold-gbp-usd-eur-usd-video-202611091044

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.