#TradingAnalysis101

Market Overview

The US Dollar is experiencing sustained weakness due to Trump's tariffs uncertainty and US recession fears. This has led to the GBP/USD extending its gains above 1.2900 ¹. Meanwhile, gold prices remain depressed below $2,900, but the downside potential seems limited amid trade war fears and the risk-off environment ².

Key Market Movements

- *GBP/USD*: Extends gains above 1.2900 amid sustained US Dollar weakness ¹

- *Gold*: Remains depressed below $2,900, but downside potential seems limited ²

- *US Markets*: Break below critical technical levels as recession fears, trade policy concerns, and inflation worries fuel investor anxiety ³

Economic Data and Events

- *US February CPI*: Data release scheduled for Wednesday ¹

- *US-Ukraine Summit*: Scheduled for today, may impact market movements ¹

- *Bank of England Quarterly Bulletin*: Release scheduled for today ¹