AUD/USD is trading at 0.64352, 0.09% down since previous day close. The mixed trading can be seen in Aussie amid multiple cues. The Reserve Bank of Australia (RBA) hiked an interest rate by 25 bps as expected leading to 4.35% from 4.10% in order to control sticky inflation. This turned out to be positive for AUD/USD. However, the weaker Chinese Trade Balance data restricted the gains in Aussie since Australia & China are the trading partners. On global front, uncertain U.S Fed monetary outlook & upcoming Fed Powell speech in this week makes the currencies volatile. As seen in the chart, the pair retraced down from higher side to MA (10) which signals for a reversal if sustained otherwise a breakdown can be seen if breaches the level.

JAP225 is trading at 32271.3, 0.02% down since previous close. The flat to lower side trading can be seen in Asian markets following the sell-off in other global markets after China posted weaker Trade Balance data today. On data front, the Average Cash Earnings grew by 1.2% from 0.8% in the previous month & the Household Spending fell by 2.8% from -2.5% previously. The chances of FOMC rate cut increases on account of weaker than expected U.S Non-farm Payroll data issued last week. Also, the U.S Fed Powell hinted for no more rate hikes in future course of time & left an interest rate unchanged for consecutive second meeting which cushioned global indices. The cautious trading can be seen in JAP225 since it is hovering near MA (100).

Gold is trading at $1974  .44, 0.07% down since previous close. The downward momentum can be seen in gold prices after China posted weaker Trade Balance data which may affect the consumption demand of gold since China is a major consumer of metals. Earlier, the prices traded on higher side after U.S Non-farm Payroll data showed a slow-down in employment sector which reduces the chances of interest rate hikes. The tension looms over Israel & Hamas geo-political conflicts may turn up to be positive for gold; for Gold is a safe haven instrument. As seen in the chart, the gold is hovering near higher levels which acts as resistance level; indicates an either side breakout on short-term basis.