AUD/USD is trading at 0.64931, 0.26% down since previous day close. The Aussie depreciated on Wednesday post release of weaker Chinese PMI figures which showed slowdown in manufacturing & industrial activities; for China & Australia are the trading partners. The Australia issued its CPI data which showed a rise in inflation by 6.8% higher than expectation 6.4% & the Construction Work Done rose by 1.8% from 1.0% in the previous month. However, these figures failed to show any positive effect on AUD/USD. Globally, the clearance of U.S debt ceiling deal remains vital for major currencies. As seen in the chart, the pair crossed down the bearish rectangle pattern & hence, slight selling bias may be recommended for the day.

CHNIND is trading at 6096.3, 0.19% down since previous close. The heavy selling pressure can be observed in Chinese shares after China posted weaker than expected PMI figures. The Manufacturing PMI fell to 48.8 from 49.2 in the previous month & the Non-Manufacturing PMI dropped to 54.5 against the expectation 55.1. Besides this, the trade & political relations between U.S & China dampens after China declined a request for a meeting between U.S Defence Secretary Lloyd Austin & Chinese Defence  Minister Li Shangfu at Singapore later this week. Uncertain U.S debt ceiling deal will remain key factor for indices. As seen in the chart, the CHNIND crossed down the lower level of sideways channel & hence, slight selling bias may be established for the day.

Silver is trading at $23.201, 0.06% up since previous close. The slight recovery can be seen in precious metals against the steady USD as uncertainty looms over passage of U.S debt ceiling deal by Congress; impending in this week. This outweighs the negative effect of poor outcome of Chinese PMI figures since China is a major consumer of metals. Also, the suspicious FOMC monetary stance in its upcoming meeting & forthcoming U.S NFP result remains vital for silver prices. The speech of Fed members will remain in focus for the day. As seen in the chart, the silver trades near Fibo level 50.0 & also, near MA (100) which indicates a fresh breakout if breached the current level.