USD/CAD is trading at 1.38167, 0.22% down since previous day close. The Canadian Dollar weakened post Bank of Canada (BoC) meeting wherein an interest rate was left unchanged at 5.00% same as previous reading. Also, the strong USD & higher U.S bond yields subdued the other basket of currencies. Earlier, improving Chinese economic conditions after Beijing unveiled the plan to issue government bond worth 1 trillion yuan in order to boost infrastructural development turned out to be positive for currencies to some extent, As seen in the chart, the pair is trading near major resistance which indicates a breakout if breached otherwise a reversal can be noticed. Slight selling pressure can be seen in CAD against the USD.

US100 is trading at           14316, 0.13% down since previous day close. The markets slid down since last two sessions amid tech rout as U.S bond yields hovers at 16-years highs along with strong USD. The traders & investors are looking forward to the FOMC meeting which is to be held in next week; focusing on interest rate decision. The US100 showed a slight upside after Beijing announced a plan to issue government bonds worth 1 trillion yuan in order to improve economic & infrastructure conditions. The result of U.S Advance GDP data will remain in focus for the day. As seen in the chart, the index retraced down till MA (200) & a breakdown can be expected if breaches the level. Slight selling bias may be recommended for the day in US100.

Gold is trading at $1988.44, 0.32% up since previous close. A sharp rally can be seen in gold prices in the previous session as tension loomed over Israel & Hamas geo-political conflicts; for Gold is a safe haven instrument. Also, the China announced a plan to issue government bonds worth 1 trillion yuan to support infrastructural development which might increase the consumption demand of metals. Globally, the traders are looking forward to the FOMC meeting which is to be held in next week with a focus on interest rate decision. The result of U.S Advance GDP data will be closely monitored today. As seen in the chart, the gold is trading above all the Moving Averages & hence buying on dips may be recommended.