NZD/USD is trading at , 0.14% down since previous day close. The New Zealand Dollar (NZD) has lost ground amid a stable US Dollar, with a trade deficit of 7.8% in Q4. The CME Fed Watch Tool suggests a 5.0% probability of Fed rate cuts in March, with May and June estimates at 26.8% and 53.8%, respectively. Investors are closely monitoring economic data releases and Federal Reserve Chair Jerome Powell’s speech for further insights. As seen in the chart, the pair is moving towards the support area, hence, a bearish moment is expected.

US100 is trading at 18349.90, 0.08% up since previous day close. Stock index futures in the US are showing signs of cooling, with Nasdaq 100 Futures steadying at 18,340.50 points. The S&P 500 and NASDAQ Composite rose to record highs, while the Dow Jones Industrial Average remained near a recent peak. Focus is now on Fed Chair Jerome Powell’s testimony and nonfarm payrolls data for February. Super Tuesday and the Presidential primaries are also in focus. As seen in the chart, the index is in an upside rally, hence a bullish moment is expected today.

XAU/USD is trading at 2085.37, 0.12% up since previous day close. Gold price has paused following a strong positive move to a new year-to-date top, with slightly overbought RSI acting as a headwind. Traders are cautious due to key US data and event risks, including the disappointing release of the US ISM Manufacturing PMI and less-hawkish remarks by Fed officials. The downside for Gold remains cushioned due to optimism over Gaza ceasefire talks and hopes for additional stimulus measures from China. As seen in the chart, gold is hovering around the resistance zone, hence a breakout is expected, if breaches the level.