GBP/USD is trading at 1.2677, 0.75% up since previous day close. Wednesday’s impressive upsurge, GBP/USD continued to stretch higher and touches its strongest level since April 10 at 1.2700 during the Asian trading hours on Thursday. Although the pair retreats slightly in the European session, buyers could remain interested in case the US data disappoint. The US Bureau of Labor Statistics (BLS) reported on Wednesday that the Consumer Price Index (CPI) rose 3.4% on a yearly basis in April. The annual core CPI increased 3.6% in the same period rate cut due to US dollar weakness this pair continue bullish momentum.

US30 is trading at 39,990 0.80% up since previous day close. The Dow Jones Industrial Average (DJIA) clipped into a fresh all-time high on Wednesday, gaining almost nine-tenths of a percent during the US market session after US Consumer Price Index (CPI) inflation slipped further back. Broad-market hopes for Federal Reserve (Fed) rate cuts in the third quarter of 2024 reignited as inflation continues to cool and economic activity recedes. On daily chart analysis, US30’s next resistance will be 40,300 and currently it is trading near 40,000.

XAU/USD is trading at 2390, 1.18%, up since previous day close. Gold prices inched up on Wednesday following a sharp rise in the previous session as the dollar and bond yields weakened after the U.S. Consumer inflation data boosted the likelihood of rate cuts by the Federal Reserve as early as September. Spot gold rose 1.18% at $2,391.78 per ounce after hitting its highest level in over three weeks on Wednesday. On daily chart basis this pair touched three week high. Its resistance level is 2392.82 and if it break this level it  may head to all time high it made during middle east tension.