AUD/USD is trading at 0.67870, 0.04% down since previous day close. The mixed USD post U.S NFP data made Aussie to trade on slightly lower side. Earlier, the chances of 75bps rate hike in future curse of time; as hinted by FOMC Chair Powell in Jackson Hole Symposium speech widely dragged down the major currencies. On data front, the AIG Construction Index rose to 47.9 from 45.3 in the previous month & the Retail Sales remained steady at 1.3%. However, the robust Caixin Services PMI can remain bullish for antipodean currencies. As seen in the chart, the pair is trading near the lower trend-line of channel pattern showing the chances of make or break situation on intraday basis.

WTI Oil is trading at $88.52, 0.08% up since previous day close. The mixed trading can be seen in Oil ahead of the OPEC meeting which is to be held today. The recent U.S Baker Hughes report showed a rise in Oil rig counts by 9 leading to 605 from 596 in the previous week. This slightly weighs down the prices. Last week, the OPEC & its allies hinted for output cut in the latest meeting in order to stabilize the volatile Oil prices. Earlier, the mixed momentum can be seen in Crude Oil prices amid beginning of talks between U.S & Iran over Oil sanctions level. As seen in the chart, the Oil is consistently hovering near major support level; leading to either side breakout. Sideways trading may be recommended for the day.

US100 is trading at 12097.3, 0.02% down since previous day close. The range bound trading can be seen in U.S markets post release of U.S Non-farm Payroll; showing a rise in number of employed people by 315K higher than expectation 295K. Earlier, the investors expect a 75bps rate hike stance in ECB meeting which is to be held in September which slightly cushioned the index US100. The U.S ISM Manufacturing PMI climbed to 52.8 against the expectation 52.1 which created positive sentiments amongst the traders to some extent while the result of Services PMI will be closely monitored today. As seen in the chart, the US100 is trading below the short term Moving Averages & hence, the cautious trading may be seen for the day in US100.