AUD/USD is trading at 0.67646, 0.02% down since previous day close. The pair AUD/USD trimmed down on Wednesday post release of CPI data which grew by just 0.8% lower than previous figure 1.4%. The soft Manufacturing & Services PMI figures weakened the pair even more. However, an overall trend in currencies depends upon the Fed, ECB & BoJ meeting which are to be held in this week. On contrary, the chances of stimulus package offering by the Chinese government to boost the industrial activities may cushion the pair later on since China & Australia are the trading partners. As seen in the chart, the pair is trading near MA (200) which indicates a make-or-break situation on daily basis.

Gold is trading at $1970.33, 0.21% up since previous close. A recovery phase can be seen in gold prices on Wednesday ahead of Fed meeting which is to be concluded today with a hope of smaller rate hike of 25bps. Besides this, the rising chances of stimulus package offering to Beijing in order to support economic growth may remain supportive for gold prices since China is a major consumer of metals. Upcoming Bank of Japan (BoJ) & ECB meetings in this week will remain vital for precious metals. As seen in the chart, the Gold showed a reversal from short-term Moving Averages of period 10 & 20 & currently, is on the verge of crossing over MA (100). If breached, a strong breakout may be expected for the day.

JAP225 is trading at 32602.3, 0.08% up since previous close. The Japanese markets are trading flat to higher side amid mixed global cues. The traders & investors are looking forward to the Fed, Bank of Japan (BoJ) & ECB’s meet which are to be scheduled this week; focusing on a change in monetary policy. Ongoing Chinese stimulus talks may further support the JAP225 since China & Japan are the trading partners. The Japan’s Manufacturing PMI fell to 49.4 from 49.8 in the previous month which slightly weigh down the index JAP225.  As seen in the chart, the index is consistently taking a strong support of Fibo Retracement level of 23.6 which acts as an initial support. The make-or-break situation can be expected for the day in JAP225