GBP/USD is trading at 1.27081, 0.15% down since previous day close. The Federal Reserve is set to maintain its monetary policy for a fifth time at its March meeting, indicating the need for sustained inflation to reach its 2% target. The Bank of England is expected to maintain interest rates at 5.25%, with investors expecting to begin rate cuts in August. The US Building Permits and Housing Starts are due later. As seen in the chart, the pair has been in a down trend, hence continuation of downtrend is expected.

US30 is trading at 39233, 0.03% down since previous day close. U.S. futures closed higher on Monday, driven by gains in tech stocks and hype over artificial intelligence. Alphabet surged 4.6%, while Tesla’s 6% jump was boosted by Tesla’s European model price hike. However, aftermarket trade, most major tech stocks reversed course, with Nvidia slid 1.7%. Markets were also awaiting preliminary purchasing managers index readings for March. Uncertainty over the Fed and chipmakers’ reactions contributed to the market’s decline. As seen in the chart, the index shows a sideways moment throughout days, also RSI and (MA) also shows a sideways moment.

XAU/USD is trading at 2155.6, 0.02% down since previous day close. Gold price has experienced a decline for the third consecutive day, dropping to over a one-week trough. The US Dollar struggles to gain traction amid uncertainty over the Fed’s rate-cut path. Geopolitical risks and a softer risk tone support the safe-haven precious metal. However, the upside is capped due to the Fed’s higher-for-longer interest rates narrative and the hawkish outlook supporting elevated US Treasury bond yields. As seen in the chart, gold is performing in a range bound, Rally is expected I broke either of the levels.