EUR/USD is trading at 1.13327, 0.23% up since previous day close. The single currency EURO surges up after European Central Bank (ECB) hinted for stimulus cut within the span of three months in order to control rising inflation concern & escalating Omicron situation. Besides this, the BoJ & BoE adopted the monetary tightening measures following FOMC move; which weakened the USD & strengthened counterpart pairs. The mixed outcome of Euro-zone PMI figures failed to create any major momentum in EUR/USD. As seen in the chart, the pair seems to be taking a support of previous resistance i.e. 1.13000-1.12500 levels & unable to break the same. Buying bias may be recommended for the day in the pair EUR/USD on short term basis.

Natural Gas is trading at $3.595, 0.08% down since previous day close. The Natural gas prices slid down despite bullish EIA’s estimates showing a shortage of 88B in Natural Gas inventory level against 59B in the previous week. The soft global cues which made the commodities cheaper with a focus on lower down inflation concern; as major Central Bank tightens the liquidity in the system widely dragged down the energy products like Natural Gas. The worsening Covid-19 & Omicron situation may result into fresh curbs; affecting the consumption demand of fuels. As seen in the chart, the commodity is trading near MA (200) which acts as a major support level & hence, slight selling may be suggested further.

UK100 is trading at 7192, 0.13% down since previous day close. The global shares soar down after major Central Banks showed more hawkish stance than expected. On Thursday, the Bank of England (BoE) unexpectedly raised its interest rate by 0.25% from 010% for the first time since pandemic outbreak. The mounting number of daily Covid-19 cases leading to 90K infections resulted into worrisome situation in the country; making UK100 weaker. The U.K’s Retail Sales grew by 1.4% higher than expectation 0.8%. As seen in the chart, although the UK100 is trading within the bullish channel pattern yet the soft global & regional cues may drag the index till lower trend-line of channel pattern & hence, slight selling may be recommended further.