NZD/USD is trading at 0.59607, 0.02% down since previous day close. The Kiwi weakened on Wednesday after RBNZ left an interest rate steady at 5.50% as expected &, hinted for rate at current levels will remain constant for longer period of time.  On global front, the strong USD ahead of the U.S Fed Minutes release which is due today made the other currencies to trade on lower side.  Besides this, the slowing economic progress in China & sluggish Chinese property sector made the NZD/USD weaker since China & New Zealand are the trading partners. As seen in the chart, the pair is trading near lower trend-line of channel pattern which signals for a reversal if sustained & a breakdown if breaches the level. Wait & watch strategy may be built-up for the day in NZD/USD.

CHNIND is trading at  6273, 0.02% down since previous day close. The Chinese shares trades flat to lower side amid weak economic data released on Tuesday. The Chinese Industrial Production grew by 3.7% lower than previous reading of 4.4% & the Retail Sales grew mildly by 2.5% versus 3.1% earlier. These indicates slow-down in industrial & economic growth & hence, weakened the sentiments. An unexpected PBoC’s move of cutting down key lending rates further subdued the index. sell-off can be observed in European markets on Monday amid Upcoming event of U.S FOMC Minutes release will remain vital for indices. As seen in the chart, the index slid down cluster support & hence, downside may be seen further if index breaches the current level. Sideways trading mat be expected.

Gold is trading at $1903.82, 0.21% down since previous close. The Gold continued to witness selling pressure since last few sessions against the stronger USD. The forthcoming event of U.S Fed Minutes release which is to be issued today; will focus on more cues over future monetary decisions. The weaker Chinese key economic data can reduce the demand of gold & hence, dragged down the prices since China is a top consumer of metals. Last week, the U.S issued lesser progressive CPI data which contributed negative sentiments amongst the traders & investors. Slight selling bias may be seen for the day in gold since the commodity is trading near lower levels of $1900.