AUD/USD is trading at 0.64517, 0.07% up since previous day close. The Aussie seems to be trading on higher side on Tuesday against the steady USD ahead of the U.S labor data which is to be issued later in this week. Also, the market eyes U.S inflation data figures due to be released in this week. On data front, the Retail Sales   grew by 0.5% versus -0.8% in the previous month which cushioned the pair AUD/USD. The focus will be on RBA Governor Bullock speech which is to be held today. As seen in the chart, the pair is trading near upper trend-line of channel pattern which acts as a major resistance level. Slight buying bias may be established as the pair may sustain the current levels.

US100 is trading at 15109.3, 0.14% up since previous close. The U.S markets surges up on Tuesday amid progress in earnings of few tech companies in the country. Also, the market will be looking forward to the result of U.S inflation figures & Non-farm Payroll data which are to be out in this week. This outweighs the negative impact of hawkish FOMC Jerome Powell speech at Jackson Hole Symposium to tame down the higher inflation rate. Over a weekend, the China announced new measures in order to support stock market & property sector which remains positive for indices. As seen in the weekly chart, the index seems to be trading above the MA (100) & is on the verge of crossing over Fibo level 23.6 which indicates a buying bias at lower levels.

Gold is trading at $1925.46, 0.11% up since previous close. The mixed USD ahead of the result of U.S inflation & NFP figures turned out to be positive for precious metals. Earlier, the gold prices softened after Fed Powell hinted for more rate hikes in the future course of time at Jackson Hole Symposium in order to control the higher inflation rate. On contrary, the China’s move of adopting new measures to support property sector & stock market may cushion the gold prices; since China is a top consumer of metals. The result of U.S Consumer Confidence & JOLTS Job Openings data will remain into focus.  As seen in the chart, the commodity moved up after forming double lows & hence, slight buying may be recommended for the day.