EUR/USD is trading at 1.0693, 0.33% down since previous day close.  In Europe, EUR/USD down 0.33% to 1.0693, loosing from the dollar’s strong tone. Eurozone consumers saw inflation in the next 12 months at 3.0%, just below the 3.1% expected a month earlier, according to the ECB’s Consumer Expectations Survey. However, inflation expectations for three years ahead held steady for a fourth consecutive month at 2.5%, above the European Central Bank’s 2.0% target. The ECB is planning to cut interest rates in June but the outlook further out remains clouded by rising energy costs, stubbornly high services inflation and continued geopolitical tensions.

US30 is trading at 38270, 0.32% up since previous day close. U.S. stock index futures rose mildly in late-evening deals, tracking a strong session on Wall Street as positive earnings from Alphabet and Microsoft sparked a rally in technology stocks. But sectors outside tech were a lot less enthused, especially amid mounting evidence that inflation was not easing as initially expected- a scenario that is likely to see the Federal Reserve keep interest rates higher for longer.

XAU/USD is trading at 2337, 0.26% up since previous day close. The yellow metal tumbled from record highs hit earlier in April as safe-haven demand waned in the absence of any escalation between Iran and Israel. This left gold vulnerable to outflows in the face of restrictive U.S. monetary policy. Spot gold steadied at $2,337.23 an ounce, while gold futures expiring in June were flat around $2,345.60 an ounce. On daily chart basis this pair seem small movement on chart with doji candle previous two days. FED meeting may end with no change in rate cause inflation of US high.