GBP/USD is trading at 1.27744, 0.16% up since previous day close. The Sterling Pound showed an upside against the mixed USD ahead of the FOMC Powell speech at Jackson Hole Symposium later in this week. The major currencies showed a slight depreciation earlier after PBoC cut-down its prime rates lower than expectation; weakening the market sentiments. Uncertain U.S Fed monetary stance will remain vital for Pound. The U.K Rightmove HPI fell by 1.9% versus -0.2% in the prior month while the result of Public Sector Net Borrowing data will remain in to focus today. As seen in the chart, the pair crossed over short-term MA (10) & MA (20) which indicates the buying bias on lower side for the day.

US100 is trading at 14970.3, 0.18% up since previous close. The mild recovery can be seen in US100 on Tuesday as traders waits for the U.S Powell speech at Jackson Hole Symposium which is to be held later in this week. On Monday, the Chinese PBoC cut-down its Prime Lending Rate lower than expectation which signals slowdown in economic growth & weakened the sentiments amongst the traders & investors. Last week, the U.S FOMC Minutes hinted for higher rate hikes in the near future & so that, the higher rates might remain for longer period of time which subdued the markets. As seen in the chart, the index seems to be taking a support of MA (100) which acts as a major support level. Slight buying bias may be initiated for the day in US100.

Gold is trading at $1895.82, 0.03% up since previous close. The Gold seems to be trading flat to higher side since last two sessions against the steady USD ahead of the U.S Jackson Hole Symposium speech which is to be held later in this week. Earlier, the China cut-down its Prime Lending Rate lower-than expectation which weakened the market sentiments & hence, subdued the gold prices; for China is a major consumer of metals. Last week, the U.S FOMC Minutes showed the chances of higher interest rates in the future course of time in order to control the rising inflation rate which contributed bearishness in prices. Slight buying may be established in Gold since the commodity is expected to take a support of Fibo level 61.8.