EUR/USD is trading at 1.21789, 0.08% up since Monday. The mixed trading can be seen in EURO against the USD amid uncertain Fed monetary outlook & rising inflation fears. Last week, the EUR/USD tested three-month highs post soft U.S Non-farm Payroll data which showed slowing employment sector & this may limit the chances of rate hike. On Monday, the Euro-zone Sentix Investor Confidence climbed to 21.0 against the previous figure 13.1 which boosted the EUR/USD. The result of ZEW Economic Sentiment data will remain in focus for the day. As seen in the chart, the pair is trading near major resistance of previous highs which clearly indicates a buying bias if breached further otherwise a reversal may be seen if sustained.

Natural gas is trading at $2.919, 0.02% down since previous close. The range bound trading can be seen in Natural gas since last few days as U.S shut down its fuel production amid cyber attack held on Colonial pipeline. The Energy Information Administration (EIA) report showed a build-up in Natural gas inventory level by 60B lower than expectation 68B which slightly pushed up the prices. The soft USD on account of Fed accommodative approach towards monetary policy & evenly distribution of Covid-vaccine supplies helps in reviving the Natural gas consumption demand. As seen in the chart, the commodity is trading near MA (10) & also, near previous highs. Slight buying may be noticed for the day.

CHNIND is trading at 10357, 0.27% down since previous day close. The Chinese shares slid down post release of mixed inflation data wherein the CPI rate grew by just 0.9% lower than expectation 1.0% & the PPI rate increased by 6.8% against the previous figure 4.4%. Last week, the indices slightly surges up amid soft U.S NFP data which shows instable employment status which may restrict the chances of U.S tapering down the bond-buying program. The result of Money Supply & New Loans data will be closely monitored on weekly basis. As seen in the chart, the index seems to be trading in a bearish channel pattern & also, the RSI line is hovering near support level 30. This indicates further selling bias in CHNIND on an intraday basis.