GBPUSD

Ahead of the Fed meeting scheduled for March 19, global markets are eagerly awaiting the U.S. inflation data for February. Following last week's employment figures, market players are focused on changes in inflation. Investors trying to interpret the impact of Trump's policies on asset prices are also closely monitoring the macroeconomic indicators that will shape the Fed's economic roadmap. Expectations for three interest rate cuts by the end of the year are being priced into the swap market, compounded by recession concerns.

While the Classic Dollar Index has drawn attention with recent declines, a battle is expected between short-term sellers and medium-term buyers. Developments leading up to March 19 are critically important for analyzing the second quarter of the year. In the GBPUSD pair, the 1.2810 level supports short-term optimism and has the potential to create movement towards the 1.2945 and 1.3030 levels.