EUR/USD is trading at 1.08965, 0.02% down since previous day close. The EURO slightly depreciated in early trade on Friday as USD surges up ahead of the outcome of U.S Non-farm Payroll data today. However, the EUR/USD appreciated to 1.10 levels post release of FOMC meeting which hiked an interest rate by 25bps as expected & hinted for a cool down in inflationary pressure until now. The Euro-zone Final Manufacturing PMI remained steady at 48.8 same as previous figure while the focus will be on Services PMI figures which are to be released today. The ECB’s hawkish stance of raising an interest rate by 50 bps contributed bullishness in EURO to some extent. As seen in the chart, the pair seems to be consolidating at major resistance & so, cautious trading may be suggested further.

US30 is trading at 34087.3, 0.13% up since previous close. The major U.S indices inches up in early trade on Friday amid strong cues. Recently, the FOMC hiked interest rate by 25bps as expected & hinted for controlled inflationary pressure which made US30 to trade on higher side. However, the gains were capped ahead of the outcome of U.S Non-farm Payroll data today which pushed up the US Dollar Index. On data front, the Jobless Claims fell to 183K against the expectation 196K while the market will be looking forward to the result of ISM Services PMI figures today. As seen in the chart, the index heading is strongly trading near major resistance of previous highs & may show a strong breakout if breaches the level. Buying on lower level may be suggested for the day.

Gold is trading at $1917.24, 0.24% down since previous close. The massive retracement can be seen in Gold prices on Friday as investors remain cautious ahead of the U.S Non-farm Payroll data release event which is to be held today. This led US Dollar Index to trade on higher note & vis-à-vis made precious metals weaker. However, the scenario was different earlier as Gold witnessed a sharp rally post FOMC meeting wherein an interest rate was hiked by 25bps as expected with regards to controlled inflation rate. Opening up of Chinese restrictions makes Gold more lucrative. As seen in the chart, the Gold corrected to MA (10) & MA (20) which may turn up support levels. Wait & watch strategy may be adopted further.