Gains in technology stocks helped the Nasdaq Composite avoid losses as investors bargain hunted technology stocks that have fallen sharply such as TESLA.
Gold prices eased slightly from an eight-month high, with the weak dollar offset by the Fed's repeated aggressive stance. Traders are looking forward to Powell's speech.
Calendar：
EURUSD — Euro steady not far from 7-month high amid continued risk-on sentiment.
Trend：→
Support：1.0630
Resistance：1.0800
GBPUSD — Sterling held near its highest in 3 weeks by a weak US dollar, but still held down by fears of a recession in the UK.
Trend：→
Support：1.2100
Resistance：1.2220
AUDUSD — The Aussie dollar strengthened again to near its highest level in 4 months supported by risk-on sentiment and optimism from China.
Trend：↑
Support：0.6860
Resistance：0.7000
USDJPY —The Japanese yen has regained ground after data showed inflation in Tokyo hit 4%, higher than analyst estimates of 3.8%.
Trend：↓
Support：130.60
Resistance：132.60
XAUUSD — Gold prices eased slightly from an eight-month high, with the weak dollar offset by the Fed's repeated aggressive stance.
Trend：↑
Support：1860.00
Resistance：1885.00
Crude Oil (WTI) — Oil prices reversed gains from the previous session, with traders waiting for clarity on the Federal Reserve's plans as Powell speaks later today.
Trend：↓
Support：72.00
Resistance：77.00
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