AUD/USD is trading at 0.66711, 0.09% down since previous day close. The steady US Dollar Index amid mixed view over Fed monetary decision led the selling pressure in other major currencies. In Australia, the ANZ Job Advertisements grew by 0.1% from -5.1% in the previous month while the Goods Trade Balance rose to 11.44B from 7.66B previously. The Australia’s CPI rate grew by 4.3% lower than previous figure of 4.9%. The result of Westpac Consumer Sentiment data will remain in focus on Tuesday. As seen in the chart, the pair AUD/USD tested previous highs & MA (100) which indicates an either side breakout. Slight selling bias may be established for the day in AUD/USD.

Gold is trading at $2058  .44, 0.07% up since previous close. The Gold prices inches up against the steady USD as weak U.S CPI data lower down the chances of rate-cut in the March fed meeting. Also, the positive U.S Non-farm Payroll data made the USD stronger & reduces the chances of rate-cut stance. The mixed Chinese economic outlook will remain significant for gold prices; for China is a top consumer of metals. The range bound trading can be seen in gold prices as U.S markets hold a national holiday today. As seen in chart, the gold is still hovering near major resistance level & hence, a breakout is expected if breaches the level. Wait & watch strategy may be adopted.

JAP225 is trading at 35972.3, 0.21% up since previous close. A sharp rally can be seen in JAP225 after BoJ continues to adopt ultra-dovish monetary policy; making the YEN weaker to some extent. Globally, uncertain U.S Fed future monetary outlook led the selling pressure in world indices. On data front, the Money Stock grew by 2.3% same as previous figure & the Prelim Machine Tool Orders fell by 9.9% against the previous figure of -13.6%. These further pushed up the index JAP225. The result of PPI data will remain in focus on Tuesday. As seen in the chart, the index JAP225 firmly crosses over the short-term Moving Averages of period 10 & 20 & ADX line is on the verge of crossing over level 25 which might indicates a strong buying bias on daily basis.