AUD/USD is trading at 0.63203, 0.17% down since previous day close. The Aussie weakened in early trade on Tuesday post release of Reserve Bank of Australia (RBA) meeting wherein an interest rate was left unchanged at 4.10% as expected. In Australia, the ANZ Job Advertisements fell by 0.1% lower than previous figure 1.7% & the Building Approvals grew by 7.0% against the expectation 2.7%. Last week, the FOMC left an interest rate constant as expected; however, hinted for one more rate hike in this year which weigh down the currencies.  As seen in the chart, the AUD/USD is trading near lower trend-line of channel pattern & hence, wait & watch strategy may be adopted for the day.

GER30 is trading at 15242.3, 0.17% down since previous close. Like U.S markets, the European stocks seem to be trading on lower side on Tuesday on an account of growing fear over U.S hawkish monetary stance & worsening situation in property market in China. Besides this, the chances of U.S government shutdown remains crucial for GER30 & other global markets. The German Final Manufacturing PMI fell to 39.6 from 39.8 in the previous month & the GFK Consumer Climate fell by 26.5 from 25.6 in the previous month. The result of Final Services PMI data will be closely monitored on Wednesday. As seen in the chart, the index corrected down till Fibo level 50.0 which indicates a reversal momentum if sustained or a breakdown if breached.

Gold is trading at $1812.44, 0.12% down since previous close. A heavy sell-off can be seen in Gold since last few sessions amid strong USD & rising U.S bond yields as U.S Fed hinted for one more rate hike by end of this year in order to control the sticky inflation rate. Also, the fear looms over chances of U.S government shutdown which may remain vital for gold. The worsening situation can be seen in Chinese property markets & hence, can affect consumption demand of gold since China is a major consumer of metals. Upcoming event of U.S NFP data will remain in focus later in this week. As seen in the chart, the gold slid down to MA (200) & previous lows which acts as major support. Sideways trading may be seen further.