GBP/USD is trading at 1.2480, 0.43% down since previous day close. Goldman Sachs cite the less dovish US backdrop: “With hawkish policy repricing driving markets recently, the pro-cyclical backdrop for GBP is less supportive than it was earlier in the year” This financial giant cut its forecast for GBP/USD another side US dollar show strong that lead other currencies to closed in red. On daily chart basis this pair currently trading below its support zone the next support is 1.2466 if this will break may continue bearish movement in coming trading session.

US30 is trading at 38,910, 0.07% up since previous day close. After weakness on it continues rally with nearly 1% gain on Tuesday. US benchmark equity indexes closed giving mixed signals, as traders weighed the latest batch of corporate earnings. The Dow Jones Industrial Average rose 0.07% to 38,884.3. In company news, Walt Disney raised its full-year earnings growth outlook as the media and entertainment giant’s fiscal second-quarter results increased annually, although revenue fell short of market estimates

XAU/USD is trading at 2308.98, 0.42% down since previous day close. Gold prices were little changed on Wednesday as market participants assessed the timeline for potential U.S. interest rate cuts and were on the lookout for fresh cues for further clarity on monetary policy. Gold prices rose in Asian trade on Tuesday after China announce to add more gold in their reserve. On daily chart basis this spot may hold at resistance level of $2325 on technical ground. Its first support is $2308 and next one is at $2239. One thing to consider is that how FED handle their interest rate this month. As per experts Fed will most probably go with unchanged rate.