"Market Focus: US Dollar's Reaction to Fed, Jobs Data, and Powell's Statements"

The Federal Reserve maintained borrowing costs unchanged and dropped its tightening bias, but hinted at not easing its stance imminently, potentially allowing the US dollar to rebound depending on incoming economic data. The upcoming US jobs report will be crucial, with a downside surprise possibly leading to a March rate cut and supporting gold prices, while a strong report could unwind dovish bets on the Fed's policy path and bolster the greenback. Gold prices may retreat if resistance at $2,050 holds, while EUR/USD faces a falling wedge pattern and USD/JPY signals a bearish shift. GBP/USD is consolidating within a symmetrical triangle, with key levels to watch at 1.2750 and 1.2645.