GBP/USD is trading at 1.26840, 0.03% down since previous day close. The mixed US Dollar & global sentiments led the selling pressure in other currencies on Friday. The U.S showed a mild progress in curtailing the inflationary pressure & hence, weakened the market sentiments. In U.K, the RICS House Price Balance fell by 53% from 48% in the previous month & the BRC Retail Sales Monitor grew by 1.8% lower than the previous figure 4.2%. The traders will be looking forward to the result of GDP & Industrial Production data which is to be released today. As seen in the chart, the pair is trading near long-term MA (100) & at previous lows. This signals for make-or-break situation on daily basis in GBP/USD.

US30 is trading at 35238.3, 0.06% down since previous close. The U.S markets seems to be trading on lower side after U.S issued a CPI data wherein the rate grew by 0.2% as expected & hence, failed to create any major impact on equity markets. Earlier, the tension between U.S & China escalated after the former bans the technology investments in China which subdued the US30. On data front, the Jobless Claims rose to 248K from 227K while the focus will be on the result of Consumer Sentiment data which is to be out today.  As seen in the chart, the index US30 is trading near short-term Moving Averages of period 10 & 20 which acts as a major support level & hence, a breakdown if breached or a reversal if sustained can be expected for the day.

Gold is trading at $1912.82, 0.21% down since previous close. The sell-off continued to be seen in gold prices against the USD after U.S issued lesser progressive inflation rate data on Thursday. On Wednesday, the U.S banned few technology investments in China which might restrict the consumption demand of industrial metal; for China is a major consumer of metals. Earlier, the Fitch downgraded the U.S economy from AAA to AA+ on account of economic slowdown which dragged down the precious metals. Ongoing Chinese stimulus talks & uncertain Fed monetary decision will remain vital for gold prices. Slight selling bias may be recommended for the day in gold.