EUR/USD is trading at 0.98799, 0.12% down since previous day close. The EURO slid down against the USD amid chances of rate hike in FOMC meeting by 75 bps. However, the traders will remain cautious ahead of ECB meet on Thursday with a hope of raising interest rate by 75bps. The Euro-zone Final Services PMI dropped to 49.8 from 50.2 in the previous month while the result of Final Employment Change & Revised GDP data will remain in focus. The stoppage of gas flows from Russia to Germany via Nerd Stream Pipeline further weakened the EUR/USD. As seen in the chart, the pair is trading below the resistance level & hence, slight selling may be suggested for the day in EUR/USD.

Gold is trading at $1691.77, 0.16% down since previous day close. The Gold prices retreated down since last two trading sessions amid strong USD on interest rate hike expectations in the next Fed meeting. Earlier, the hawkish stance was been hinted at Jackson Hole Symposium speech which led into massive selling in precious metals. The weaker than expected Chinese Trade Balance data lowered down the Gold prices; since the same may reduce the consumption demand of metals. Upcoming event of ECB meeting which is to be held on Thursday will remain in focus. Make or break situation may be recommended for the day since the commodity is trading near the previous lows which acts as major support level.

US100 is trading at 11955.3, 0.08% down since previous day close. The slight selling pressure built-up in U.S markets on Wednesday as traders hope for the aggressive rate hike in the next FOMC meeting in order to control inflationary concern. Earlier, the US100 slightly recovered after China hinted a stimulus package to boost up the economic conditions. In beginning of the week, the range bound trading can be seen in U.S markets post release of U.S Non-farm Payroll; showing a rise in number of employed people by 315K higher than expectation 295K. As seen in the chart, the US100 is trading below the short term Moving Averages of period 10 & 20; however, it is hovering above lower level 30. Hence, the cautious trading may be seen for the day in US100.