EUR/USD is trading at 1.21641, 0.03% down since Wednesday.  A range bound trading can be seen in EUR/USD as market remain cautious over upcoming ECB meet wherein a focus will be on monetary policy & QE program. Last week, the poor U.S NFP data dragged down the US Dollar Index & pushed up the counterpart currency EURO to higher levels. The Euro-zone ZEW Economic Sentiment fell to 81.3 from 84.0 in the previous month which slightly dragged down the pair earlier in a week.  As seen in the chart, the pair EUR/USD formed a double top & slid down & is trading near MA (10) & MA (20). Wait & watch strategy may be adopted for the day since a strong breakdown of breakout can be seen.

Gold is trading at $1886.54, 0.09% down since previous close. The selling pressure can be seen in precious metals against the steady USD ahead of U.S CPI data release & ECB meet focusing on interest rate decision. Last week, the soft USD amid soaring US bond yields & rising inflation fears widely supported the Gold prices. Besides this, a progress in global economic growth & curtained Covid-19 situation in few countries remained supportive for prices. However, a mixed Fed stance towards monetary outlook & tapering talks will remain significant for Gold. As seen in the chart, the commodity contracted till MA (20) which acts as a major support level & hence, a reversal can be expected if sustained the levels.

INDIA50 is trading at 15732, 0.28% up since Wednesday. The index SGX Nifty recovered previous day losses & turned into gains on Thursday amid growing optimism towards economic growth. The huge attempt to vaccinate more and more people for Covid-19 & beginning of unlocking the restriction due to depleting number of Covid-19 cases widely cushioned the index INDIA50. Globally, upcoming U.S inflation data & ECB meet focusing on monetary policy remains vital for overall markets. Earlier, the soft U.S Non-farm Payroll data remained positive for global indices on weekly basis. As seen in the chart, the index is forming higher highs & also, seems to be trading near MA (10). Further upside can be seen if sustained & hence, buying may be recommended for the day.