AUD/USD is trading at 0.77078, 0.02% down since Monday. The steady USD ahead of the result of two-day FOMC meeting with the rising hopes of initiating tapering talk turned out to be slightly weaker for other currencies. On data front, the HPI rate climbed by 5.4% from 3.0% in the previous month which shows an improvement in housing sector; slightly cushioning the AUD/USD whereas the RBA Minutes release failed to show any major effect on the pair. The market will be looking forward to the country’s employment data which is to be issued later in this week. As seen in the chart, the pair breaches down the multiple lows & also crossed down the MA (10) & MA (20) which indicates chances of further downside. Selling on higher levels may be recommended for the day.

Coffee is trading at $156.54, 0.26% down since previous close. The profit-booking can be seen in agri-commodities after surging to multi-year high levels last week. The strong USD ahead of FOMC meeting weakened the Brazilian Real (BRL) currency which dragged down the Coffee prices as Brazilian farmers may fetch lower profits while exporting the beans to U.S. The frequent changes in climatic conditions in Brazil affect the Coffee production & supplies & hence, make the prices more vulnerable. As seen in the chart, the selling pressure in Coffee forced the prices to cross down the MA (10) & MA (20); still it may take a strong support at Fibonacci Retracement level of 23.6. Sideways trading may be expected further.

US100 is trading at 14155, 0.32% up since previous day close. The record high levels can be seen in US100 as technology shares rallied over global cues. However, the major concern remains over upcoming FOMC meet which is to be beginning form today & may focus on interest rate decision & tapering talk. Last week, the CPI data showed no major changes in the figures against the expectation which boosted the sentiments in U.S markets. The result of Core Retail Sales & PPI data will be closely monitored on Tuesday. As seen in the chart, the US100 is on the verge of crossing over an upper trend-line of channel pattern & also, RSI line is hovering near resistance 70. Buying on corrective dips may be recommended on daily basis in US100.