GBP/USD is trading at 1.26227, 0.08% down since previous day close. GBP/USD trades below the mid-1.2600s, with a bearish outlook. The pair maintains a bearish outlook below the key EMA and RSI indicator. The immediate resistance level is 1.2655, while the initial support level is at the 1.2600–1.2605 zone. The final UK GDP growth number is expected on Thursday. As seen in the chart, the pair is hovering around support. Hence, bearish moment is expected.

US30 is trading at 40113, 0.07% down since previous day close. Stock index futures fell slightly on Wednesday due to hawkish comments from Federal Reserve Governor Christopher Waller. Markets were cautious ahead of a final reading on the US fourth-quarter gross domestic product. Dow Jones Futures fell 0.1% to 40,119.0 points. Waller said there was no hurry for the Fed to cut interest rates now, citing hotter-than-expected inflation readings. The Dow Jones Industrial Average led gains but closed shy of record highs. As seen in the chart, the index has rejected from resistance and trying to test the resistance one more time.

WTI is trading at 81.93, 0.47% up since previous day close. The US Dollar’s recovery and surprise increase in crude and gasoline stocks have boosted WTI prices,. The Fed’s hawkish comments and geopolitical tensions in the Middle East and Russia-Ukraine could further impact WTI prices. Meanwhile, the US GDP for Q4 remains steady at 3.2%, and the Personal Consumption Expenditures Price Index data for February is also in focus. As seen in the chart, WTI has been hovering around inside the region trying to break it, a slight bearish market is expected.