EUR/USD is trading at 1.22015, 0.23% up since Friday. The steady USD as market waits for the result of U.S NFP data remains supportive for other currencies. Globally, uncertain outlook towards U.S monetary policy & QE tapering talks in next FOMC meeting remains slightly positive for EUR/USD. N improvement in Covid-19 situation in European countries & progressive supplies of vaccine doses further cushions the pair EUR/USD. The result of Euro-zone Money Supply & Private Loans data will remain in focus for the day. As seen in the daily chart, the EUR/USD is trading above the MA (10) & MA (20) & is hovering major resistance which shows the possibility of breakout if breached.

Natural gas is trading at $2.984, 0.08% up since previous close. The prices slid down to some extent post release of Energy Information Administration (EIA) report which showed a rise in Natural gas inventory levels by 115B much higher than expectation 105B. This indicates a rise in supplies against the steady demand & hence, prices slightly weakened. However, this may remain short-lived since the global recovery & rising inflation turns out to be supportive factor for commodities.   As seen in the chart, the Natural gas seems to be trading near MA (10) & MA (20) & is expected to take a support of the same. Further buying may be recommended in the commodity if sustained the levels.

CHNIND is trading at 10723.6, 0.09% up since previous day close. The sideways trading can be seen in Asian shares amid mixed global cues. On data front, the Manufacturing PMI fell to 51.0 from 51.1 in the previous month whereas the Non-Manufacturing PMI rose to 55.2 from 54.9 previously. This created further steady momentum in CHNIND. Globally, uncertainty towards QE tapering talks & monetary policy in next Fed meet remains crucial for CHNIND. The result of PMI figures will be closely monitored for the week. As seen in the chart, the index reversed upside after forming double bottoms & crossed MA (10) & MA (20). The RSI line started heading northwards which indicates slight buying bias on lower levels on short term basis.