USD/CAD is trading at 1.33616, 0.16% down since previous day close. The Canadian Dollar (CAD) showed some sort of selling pressure ahead of the release of country’s labor data which is to be issued today. The Canada’s Trade Balance showed a rise in deficit by 3.4B against the expectation of 1.4B. Globally, the mixed USD after FOMC Minutes showed the higher chances of interest rate hike in near future led the other currencies to trade on lower side. However, the traders & investors will be eying the outcome of U.S NFP data today. As seen in the chart, the pair reversed up from lower trend-line of channel pattern & also, the pair is hovering near MA (10) which acts as crucial level. Slight selling may be seen in CAD against the USD.

AUS200 is trading at 7009.3, 0.01% up since previous close. The mild recovery can be seen in AUS200 post release of country’s Trade Balance data. The surplus rose to 11.79B from 10.45B in the previous reading which signaled progressive manufacturing & industrial activities. Earlier, the index slid after U.S FOMC Minutes showed strong chances of rate hike in the next meeting to control the rising inflationary pressure. Escalating trade-tension between U.S & China after China imposed curbs on exports of chipmaking materials to U.S made the indices to trade on lower side. As seen in the chart, the AUS200 is trading near the lower trend-line of channel pattern & hence, make-or-break situation can be expected for the day.

Gold is trading at $1912.33, 0.14% down since previous close. The Gold prices saw a downward momentum against the steady USD ahead of the release of U.S Non-farm Payroll data due today. On Wednesday, the FOMC Minutes strengthened the chances of interest rate hike in the near future which dragged down the precious metals. The slow-down in Chinese manufacturing & industrial activities further pressurized the gold prices. Last week, the China’s PBoC cuts down its Prime Lending Rate (PLR) by 10 bps lower than expectation which dragged down the gold prices; for China is a major consumer of silver. Wait & watch strategy may be build-up for the day in Silver.