AUD/USD is trading at 0.77459, 0.17% up since Monday. The Aussie appreciated in early trade on Tuesday after Reserve Bank of Australia (RBA) left an interest rate steady at 0.10% as anticipated. Besides this, the country posted better than expected Building Approvals & Current account data which further pushed up the pair AUD/USD. Globally, the soft USD ahead of U.S NFP data & uncertainty over Fed monetary outlook remained supportive for other basket of currencies. The result of GDP data will remain in focus for the week. As seen in the chart, the pair is consistently hovering near cluster support level & may a take sharp turnaround if sustained & defended. Buying bias may be recommended in AUD/USD with a target of 0.78000 on short term basis.

Gold is trading at $1912.64, 0.19% up since previous close. The precious metals surges to higher levels in early trade on Tuesday against the soft USD ahead of U.S NFP data release which is to be held later in this week. Uncertainty towards Fed tapering talk & monetary policy remains crucial for USD which again makes the riskier assets more expensive. The better than expected Chinese PMI figures indicate a progress in manufacturing & industrial activities; supporting the Gold prices since China is a major consumer of metals. The U.S is to issue its PMI data today which will remain vital for USD & Gold. Strong buying may be initiated on short term basis in Gold with a target of $1940-$1945 levels.

JAP225 is trading at 28783, 0.12% down since Monday. The Japanese shares slightly ease down amid mixed global cues.  However, the momentum may be short-lived since upside may remain intact due to resurgence in U.S & European markets. On data front, the Japan’s Prelim Industrial Production grew by 2.5% lower than expectation 4.0% & the Retail Sales increased by 12.0% below estimation 15.4%. Upcoming event of U.S NFP data release which is to be released later in this week will remain vital for indices. The result of PMI figures will be closely monitored on Friday. As seen in the chart, although the pair is trading within the bearish channel pattern yet it may hold a positive ground. Wait & watch strategy may be adopted for the day in JAP225.