EUR/USD is trading at 1.20335, 0.08% down since Wednesday. The cautious trading can be seen in EUR/USD ahead of ECB meet which is to be held today; with an expectation of no change & may hint towards Q program pace & extension. Globally, the softer USD & falling bond yields amid inflation concern remains supportive for EUR/USD. The Euro-zone Current Account surplus dropped to 25.9B as against the estimation 31.2B which failed to weaken EURO. The market will be looking forward to the result of Consumer Confidence data today. As seen in the chart, the pair is hovering near bearish trend-line; breaching of same may lead to strong breakout on higher side.

Soybean is trading at $1494.15, 0.36% up since Wednesday. The Soybean prices turn bullish amid change in climatic conditions in Argentina which leads to slower production & output of the beans; since Argentina is major producer of the commodity. Also, the soft US Dollar Index along with soaring U.S bond yields remains bullish factor for Brazilian Real (BRL) currency; pushing up the agri-commodity prices since Brazilian farmers may fetch more profits while exporting the beans to U.S. As seen in the chart, the Soybean is constantly taking the support of MA (10) & is forming higher highs; testing upper trend-line of channel pattern. Strong buying may be suggested with the possible target of $1515-$1525 on short term basis.

UK100 is trading at 6895, 0.37% up since Wednesday. The global shares gained on Thursday after drifting down in the previous sessions amid massive rise in Covid-19 cases in major parts of the world. On regional front, an uplifting of lockdown phase in the country & providing sufficient doses of vaccines further supported the index UK100. On global front, the hopes of approaching accommodative monetary policy by major banks may remain positive factors for indices on long run. The soft CPI data failed to show any prolonging negative effect in UK100. The result of PMI figures will remain in focus for the day. As seen in the chart, the index is consistently trading within the channel pattern & hence, buying on dips may be recommended on an intraday basis.