EUR/USD is trading at 1.09391, 0.06% down since previous day close EUR/USD is moving sideways ahead of the release of US PPI and Retail Sales data. The US Federal Reserve is expected to cut interest rates in June despite positive inflation data. The European Central Bank (ECB) is expected to lower borrowing costs in June, potentially weakening the Euro. ECB policymaker Francois Villeroy de Galhau indicated a rate cut in the spring, emphasizing their vigilance on inflation and confidence in nearing victory over current economic challenges. The decision to commence interest rate reductions could be reached in upcoming meetings. As seen in the chart, the pair can expect to be sideways.

US100 is trading at 18380.7, 0.03% down since previous day close. Stock futures in the US rose slightly following a mixed session on Wall Street, with focus on upcoming data on inflation and consumer prices. The Nasdaq 100 Futures rose 0.3%. Retail sales data for February is expected to offer more cues on inflation. Wall Street indexes closed flat, with losses in technology stocks and energy stocks. Under Armour named Kevin Plank as CEO, while Fisker faces potential bankruptcy. As seen in the chart, After a continuous bullish momentum, a continuation of the bullish rally is expected, when breaches the level.

XAU/USD is trading at 2168.3, 0.23% up since previous day close. Gold price (XAU/USD) struggles to capitalize on recovery from the $2,150 level, meeting with some supply on Thursday. A modest USD uptick and risk-on mood are key factors weighing on the XAU/USD. The uncertainty over the Fed’s rate-cut path and geopolitical tensions should help limit the downside. The US CPI report indicates stickiness in inflation, which might force the Fed to stick to its higher-for-longer narrative. Geopolitical risks from the Russia-Ukraine war and the Israel-Hamas conflict further support the gold price’s safe-haven status. Traders now look to Thursday’s US macro data for some impetus.