EUR/USD is trading at 1.11245, 0.07% down since previous day close. The mixed USD made the other currencies to trade in tight as traders waits for FOMC, ECB & BoJ meeting which are to be held in this week. Other than this, the chances of stimulus package offering by the Chinese government to boost the industrial activities made the EURO stronger. Last week, the Euro-zone Current Account rose to 9.1B from 3.8B while the focus remains on the outcome of PMI figures today. As seen in the chart, the pair retraced down till Fibo level 23.6 from major resistance level of 1.13000 levels & hence, remains vital support zone. The cautious trading may be recommended for the day in EUR/USD.

US30 is trading at 35379.3, 0.22% up since previous close. Unlike other indices, the US30 seems to be trading on higher side on Monday as traders remain hopeful with less hawkish stance in upcoming Fed monetary meeting which is to be concluded on Wednesday. Also, the forthcoming BoJ & ECB’s meeting & chances of stimulus package offering to Beijing remains vital for US30. The U.S Jobless Claims rose to 228K lower than expectation 239K & the Retail Sales grew by 0.2% lower than expectation 0.4%. The market will be looking forward to the result of PMI figures today. As seen in the chart, the index crossed over the major resistance level of previous highs & hence, buying on lower side may be seen for the day in US30.

Gold is trading at $1959.33, 0.08% down since previous close. The slight profit-booking can be seen in gold prices ahead of the Fed meeting which is to be scheduled in this week with a hope of smaller rate hike of 25bps. Last week, the prices traded at $1980 levels on account of rising chances of stimulus package offering to Beijing & interest rate cut down stance by PBoC since China is a major consumer of metals. Upcoming Bank of Japan (BoJ) & ECB meetings & U.S PMI data release event will remain vital for precious metals. As seen in the chart, the Gold retraced down till Fibo level 38.2 which acts as a major support level & hence, make or break situation can be seen further.