EUR/USD is trading at 1.08824, 0.06% down since previous day close. The mixed trading can be seen in EURO on Friday against the steady USD as market seems to be digesting more hawkish stance as hinted by FOMC Minutes on Wednesday. The Chinese PBoC unveiled its plan to inject more liquidity in the system in order to boost up the economic conditions which outweighs the negative sentiments amongst the traders & investors. The result of Euro-zone Final Core CPI & Fina CPI data will remain in to focus for the day. As seen in the chart, the pair slid down to Fibo level 61.8 & MA (200) which acts as a double support zone. A reversal can be seen if sustained otherwise a strong breakdown can be observed if breached the current levels.

US100 is trading at           14748, 0.02% down since previous day close. The flat to lower side trading can be seen in U.S markets amid Fed’s more hawkish stance in future meetings in order to control the rising inflationary pressure. In China, the Fitch flagged a potential risk of China’s sovereign ratings which widely dragged down the indices. On data front, the U.S Jobless Claims fell to 239K from 250K in the previous week & the Philly Fed Manufacturing Index rose to 12.0 higher than expectation -9.8. These cushioned the US30 to some extent. The limited momentum can be seen in US100 amid lack of economic data today. As seen in the chart, the index is trading on lower side & is expected to test the long-term MA (100) which acts as a major support level.

Gold is trading at $1893.82, 0.02% up since previous close. The mixed trading can be seen in precious metals on Friday against the strong USD after U.S FOMC Minutes showed the chances of higher interest rates in the future course of time in order to control the rising inflation rate. The better-than-expected U.S Jobless Claims & Philly Fed Manufacturing Index data made the USD stronger & gold prices weaker.  The soft Chinese key economic data & mixed sentiments over Fitch’s credit rating decision over China can reduce the demand of gold & dragged down the prices since China is a top consumer of metals. Wait & watch strategy may be built-up for the day in Gold as the commodity is trading near previous lows.