EUR/USD is trading at 1.06460, 0.04% down since previous day close. The EURO weakened against the USD after U.S Fed left an interest rate steady at 5.50% range as expected; however, hinted for one more rate hike in this year followed by two more in the year 2024. The Euro-zone Flash Manufacturing PMI fell to 43.4 from 43.5 while the Flash Services PMI rose to 48.4 from 47.9 in the previous month. These failed to show any major changes in EUR/USD. As seen in the chart, the pair is hovering near lower major support of previous lows which indicates a make-or-break situation on short term basis. If sustained the levels, a reversal phase can be seen otherwise a breakdown can be expected if breached.

US100 is trading at  14923, 0.02% up since previous day close. The flat trading can be seen in U.S markets on Monday as traders seem to be digesting the hawkish Fed stance & rising U.S bond yields. Last week, the FOMC Powell hinted over future rate hike in this year followed by two more hikes in the year 2024; leaving the rate steady at 5.50% range in his latest meeting. The steady monetary policy at BoJ & BoE meetings further restricted the momentum in US100. The focus will be on upcoming Fed Powell speech which will be held at later in this week. As seen in the chart, the index is trading near previous lows which acts as a major support level & hence, a breakdown can be seen if breaches the current level otherwise a reversal can be seen.

Gold is trading at $1923.44, 0.02% down since previous close. The gold prices seem to be consolidating since last few sessions against the mixed USD after U.S Fed hinted for one mor rate hike in this year & two more hikes in the year 2024 in order to control the sticky inflation rate. This cushioned the U.S long-term treasury bond yields which dragged down the riskier assets like Gold & YEN. The mixed outcome of U.S PMI figures failed to show any major impact on gold. The limited trading can be seen today amid lack of U.S regional data. As seen in the chart, the Gold seems to be trading firmly within the short- & long-term Moving Averages & hence, sideways trading may be expected.