USD/CAD is trading at 1.34657, 0.02% down since previous day close. The mixed trading can be seen in CAD after Canada posted higher inflation rate which grew by 0.7% above expectation 0.5% while the Manufacturing Sales increased by 0.7% from -3.6% in the previous month. The focus will be on the result of Foreign Securities Purchases data which will be revealed today. On global front, the ongoing debt-ceiling negotiations amongst U.S top officials widely cushioned the USD & weigh down the other currencies. As seen in the chart, the pair is moving down till lower levels & is hovering near cluster support. Buying bias may be established in CAD against the USD on daily basis

US30 is trading at 33109.3, 0.13% down since previous close. The slight selling pressure can be seen in US markets since last two session as tension looms over ongoing U.S debt ceiling talks amongst the top officials as the deadline till the month of June is coming to an end. Besides this, the fear of chances of aggressive rate hikes in the near future amid higher inflation rate & higher employment rate makes the indices slightly weaker. The U.S Retail Sales grew by just 0.4% lower than expectation 0.8% while the focus will be on the result of Housing data today. As seen in the chart, the US30 slid down till long term MA (200) which indicates the make-or-break situation further. Wait & watch strategy may be adopted for the day in US30.

WTI Oil is trading at $70.77, 0.12% down since previous day close. The flat to lower side trading can be seen in Oil prices amid global cues. On Tuesday, the U.S American Petroleum Institute (API) report showed a rise in Oil stocks level by 3.690 mbpd against the expected fall of           -1.36 mbpd. The rise in storage level of Oil dragged down the prices; however, the traders will be looking forward to the estimates of U.S Energy Information Administration (EIA) report which will be out today. Ongoing U.S debt-ceiling negotiation & weaker Chinese economic figures led slight selling pressure on Oil prices. As seen in the chart, the Oil is trading below MA (10) showing the chances of further selling pressure on daily basis.