AUD/USD is trading at 0.66015, 0.02% up since previous day close. An upward momentum can be seen in Aussie against the steady despite robust outcome of US NFP figures last week. Majorly, optimism over signing of U.S debt ceiling bill into law by U.S President Joe Biden over the weekend led a buying bias in currencies & equities. However, uncertainty hovers over upcoming U.S FOMC meeting with a hope for a pause in rate hike process. In Australia, the Company Operating Profits grew by just 0.5% lower than expectation 2.1% while the focus will be on RBA meet which is to be held on Tuesday. The pair reversed up from lower levels & crossed over short term MA (10) & MA (20) which signals for buying bias on daily basis.

GER30 traded at 16052, 0.18% up since previous day close. An upside can be seen in European shares on Monday as global sentiments improved over signing up of U.S debt ceiling bill by President Joe Biden to avert the debt repayment till January, 2025. Also, the Few Fed officials hinted for a pause in U.S rate hike process for the month of June which again cushions the world indices. The German Final Manufacturing PMI rose to 43.2 from 42.9 in the previous month while the focus will be on Final Services PMI data release event today. As seen in the chart, the GER30 tested the Fibo level 50.0 which acted as a major support level & also, crossed over short-term Moving Averages. Buying on lower side may be recommended for the day.

WTI Oil is trading at $72.75, 0.11% up since previous day close. The Oil prices moved on higher side on Monday after Saudi Arabia announced a supply cut for the year 2024 starting from the month of July of 9 mbpd in its OPEC+ meeting; in order to stabilize the Oil market. Also, the soft USD on uncertain chances of interest rate hike & upbeat U.S Non-farm Payroll figures made Oil prices to trade higher. The U.S baker Hughes report showed a drop-down in Oil rig counts by 15 leading to 555 from 570 in the previous week. This further cushioned the prices. As seen in the chart, the Oil in trading near the resistance level & is expected to show a breakout on either side.