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The UK Budget later this session will be a major political event but is not likely to affect Sterling, although the currency could move on the accompanying economic forecasts.

The US Dollar’s recent recovery against its major counterparts may prove short-lived as US real rates turn lower ahead of Federal Reserve Chair Jerome Powell’s upcoming speech.

Retail trader signals still hint that the Dow Jones and S&P 500 may be at risk, placing the focus on year-long rising trendlines to see if dominant upside biaseshold.

Copper is on track to make a sixth consecutive monthly gain as prices inch towards its all-time high. The global backdrop remains supportive despite a short-term pause in the rally.

The British Pound’s recent slip lower against its major counterparts may prove short-lived. Key levels to watch for GBP/USD, GBP/JPY, GBP/CHF and EUR/GBP.

The AUD/USD pair climbed towards February peaks after Australian Q4 GDP data beat expectations. Growth declined 1.1% (YoY) while rising 3.1% (QoQ) versus -1.9% and 2.5% estimated respectively.

US equities failed to extend gains from Monday as Treasury yields aesed. Elsewhere, the Canadian Dollar gained versus the Greenback despite falling crude oil prices.

Both NZD/JPY and NZD/USD rates have fallen back from their yearly highs set just last week, but that doesn’t mean bulls are done yet.

The ASX 200 and Nikkei 225 have pulled back from their pandemic highs following late February’s bond market volatility.

Bitcoin price action attempts to rebound from its recent selloff alongside Ethereum, but the cryptocurrency market still faces downward pressure. Where might BTC/USD and ETH/USD head next?