EUR/USD is trading at 1.05889, 0.03% down since previous day close. The mixed trading can be seen in EURO against the USD amid rising U.S bond yields on an account of uncertain FOMC monetary outlook. Besides this, the growing tension between Israel & Hamas made the currencies volatile. The Euro-zone Current Account rose to 27.7B from 21.0B in the previous month which turned out to be positive for EUR/USD. The ECB is to hold a meeting this week which will focus on interest rate decision. As seen in the chart, the pair is trading near the major support level of previous lows at 1.05000 levels & hence, indicates the chances of reversal if sustained otherwise a breakdown can be seen if breached. Wait & watch strategy may be recommended for the day in EUR/USD.

US30 is trading at             33188, 0.06% down since previous day close. The sell-off can be seen in U.S markets amid rising tension between Israel & Hamas which drives up the U.S bond yields. The mixed stance over interest rate hike decision & rise in oil on an account of U.S Oil SPR refilling plans made the equity markets weaker. The U.S Federal Budget Balance showed a rise in surplus by 171.0B against the previous figure 89.3B while the focus will remain on the result of PMI figures due to be released on Tuesday. As seen in the chart, the index retraced down till MA (100) & seems to be hovering near lower trend-line of bullish channel pattern. The make-or-break situation can be recommended for the day in US30 since the index may witness a reversal if sustained.

Gold is trading at $1980.44, 0.24% up since previous close. An upward momentum can be observed in gold prices as rising tension between Israel & Hamas pushed up the prices, for gold is a safe-haven instrument. Globally, the Fed Chair Powell hinted a mixed stance over monetary policy outlook in near term which weakened the US Dollar Index & pushed up the precious metals like Gold & Silver. The surging Oil prices as U.S Oil SPR is being planned to be refilled made the other global commodities to trade on higher side as well. As seen in the chart, the gold is trading not only above MA (100) & MA (200) but also above MA (10) & MA (20). Buying on lower side may be recommended for the day.