EUR/USD is trading at 1.05533, 0.11% up since previous day close. The EURO gained momentum in early trade on Monday against the mixed USD on account of global cues. The conflict between Hamas & Israel after the former attacked the Israel over this weekend killing hundreds of people. This led the buying pressure in major currencies. The strong U.S NFP data & chances of one more rate hike by end of this year will remain crucial for EUR/USD. The result of Sentix Investor Confidence data will remain in focus for the day. As seen in the chart, the EUR/USD is trading near major support of previous lows which indicates a reversal phase if sustained or a strong breakdown if breached.

US30 is trading at 33364, 0.09% down since previous day close. The sell-off can be noticed in U.S markets amid rising conflicts between Israel & Hamas as the latter attacked on Israel over this weekend; followed by air-strike as a retaliatory move on Gaza. Last Friday, the U.S issued upbeat Non-farm Payroll data which rose to 336K from 227K in the previous month; raising the chances of monetary tightening in next Fed meeting. The limited movement can be expected in US30 as spot markets are shut down on account of national holiday. As seen in the chart, the index is trading near the lower trend-line of channel pattern. If sustained the levels, a reversal phase can be noticed otherwise a breakdown can be expected if breached. Wait & watch strategy may be adopted for the day,

WTI Oil is trading at $85.80, 1.19% up since previous day close. The Oil prices almost moved by $4 in early trade on Monday as Hamas troop attacked the Israel over this weekend killing hundreds of people; disrupting Oil supplies from major Oil producing country. On Friday, the U.S Baker Hughes report showed a fall in Oil rig counts by 5 leading to 497 from 502 in the previous week. Earlier, the chances of one more interest rate hike be end of this year as hinted by Fed Chair Powell weigh down the Oil prices. As seen in the weekly chart, the commodity reversed down from major support level of Fibo level 50.0 which indicates the chances of further buying bias on daily basis.