AUD/USD is trading at 0.77573, 0.02% up since Thursday. The Aussie seems to be trading sideways amid mixed results of PMI figures. The Flash Manufacturing PMI rose to 59.9 from 59.7 & the Flash Services PMI slightly fell down to 58.2 from 58.8 in the previous month. Besides this, the country’s labor data showed a fall in number of employed people by 30.6K against the expected rise of 17.5K & the Unemployment Rate dropped to 5.5% from 5.7% in the previous month. Uncertain chances of Fed QE tapering talks amid global recovery made other currencies weaker in the preceding session. As seen in the chart, the pair is trading near cluster support of 0.77000 levels which shows a make or break situation on daily basis.

Soybean is trading at $1525.27, 0.17% down since previous close. The Soybean saw a downward momentum since last few trading sessions amid strong USD as U.S bond-purchases program may see a tapering down steps due to rising inflation rate & improving employment sector. This makes the BRL Brazilian Real (BRL) currency weaker & Soybean prices as well. The change in climatic conditions in Argentina led to a rise in production & supplies of beans which further makes in less expensive. As seen in the chart, the Fibonacci Retracement tool shows a contraction till Fibo level 50.0 which may act as a major support. Slight selling momentum may be suggested for the day in Soybean.

US30 is trading at 34097, 0.28% up since Thursday. The losses in U.S markets turned into gains on Friday post release of Jobless Claims data which showed a fall in number by 444K from 478K in the prior week. Earlier, FOMC Minutes hinted the chances of QE tapering down if global recovery rate & employment rate shows a progress in the near term which dragged down the US30 widely. Last week, the US30 tested record high levels on uncertain outlook over interest rate hike decision as mentioned by few Fed officials. The outcome of Flash Manufacturing & Services PMI data will remain into focus for the day. As seen in the chart, the index took a support of lower trend-line of channel pattern & hence, buying on lower side may be recommended.