EUR/USD is trading at 1.09812, 0.01% down since previous day close. The mixed USD amid not-so better corporate earnings figures & the result of upcoming Fed meet with an expectation of 25bps interest rate hike led a mild selling pressure in other currencies. The Euro-zone Flash Manufacturing PMI fell to 46.6 below expectation of 47.9 while the Flash Services PMI rose to 56.6 from 55.0 in the previous month. These led mixed trading bias in EUR/USD as this signal for slowing manufacturing & industrial development. As seen in the chart, the pair is firmly trading near the major resistance level of previous highs & also, the ADX line is moving below the level 25 indicating the indecisive trend. Slight buying bias may be established for the day in EUR/USD.

US30 is trading at 33836, 0.06% down since previous day close. The sideways trading can be seen in US markets since last few sessions as few of the U.S companies failed to show better corporate earnings figure for the last quarter. Also, the traders are looking forward to the result of U.S FOMC meeting which is to be held in the first week of May with a hope of interest rate hike by 25bps. The U.S Flash Manufacturing PMI rose to 50.4 from 49.2 in the previous month & the Flash Services PMI rose to 53.7 from 52.6 previously. This turned slightly bullish for US30 last week. As seen in the chart, although the index is trading sideways yet it is consistently sustaining the short-term Moving Averages. Buying on corrective dips may be seen for the day.

Gold is trading at $1979.42, 0.12% down since previous close. The slight selling pressure can be seen in gold prices amid steady USD after U.S issued better than expected PMI figures on last Friday. Also, the Fed officials hinted for rate hike in next meeting with a concern over cutting down inflationary pressure which led selling bias in precious metals. Earlier, the U.S issued CPI rate which grew by 0.1% lower than expected figure of 0.2%; turned out to be positive for Gold & negative for USD. The result of Advance GDP data will remain vital for commodities. Wait & watch strategy may be adopted for the day in Gold since the commodity is hovering sideways near MA (10) & also, at Fibo level 23.6.