GBP/USD is trading at 1.2819, 0.06% up since previous day close. In the early hours of European trading on Monday, the GBP/USD pair trades at 1.2875, on the stronger side. The major pair receives some support from the weaker Greenback and expectations of a US Federal Reserve interest rate decrease in September. Daily chart analysis suggests that the RSI represents a neutral viewpoint. Market volatility is possible. The closest supports are at 1.2847 and resistance is at 1.2912.

US 100  is trading at 19137, 0.73% up since previous day close. The little increase in US prices highlighted a strengthening inflationary environment, which may set the stage for the Fed to begin tapering its policies in September. The initial gap up today indicates a bullish trend, according to the daily chart analysis. The market is in an oversold zone, according to the relative strength index, and this is when purchasing may begin. The nearest resistance is 19256, while the closest support is 18869.

WTI is trading at 77.88, 1.30% up since previous day close. Rising geopolitical concerns in the Middle East and the potential for OPEC to postpone the anticipated reduction of production limitations are supporting oil prices. WTI maintains modest intraday gains despite the region’s unease, staying below the 77.00 level. The market is seen as bearish today, according to the daily chart analysis, with 79.38 and 77.57 serving as the closest resistance and support, respectively.