EUR/USD is trading at 1.05663, 0.09% down since previous day close. The EURO lost the momentum on Thursday after ECB left an interest rate unchanged at 4.50% as expected; ending a streak of consecutive 10 rate hikes. Also, the strong USD & rising U.S bond yields ahead of the U.S FOMC meeting which is to be held in next week made the other currencies weaker. Ongoing geo-political tension remains vital for currencies. The Euro-zone Flash Manufacturing PMI fell to 43.0 & Flash Services PMI dropped to 47.8 from 43.4 & 48.7 in the previous month respectively. As seen in the chart, the pair is trading near the major support level of previous lows & hence, indicates the make-or-break situation on daily basis. The cautious trading may be recommended for the day.

UK100 is trading at 7382.3, 0.02% up since previous close. The slight recovery can be seen in UK100 following an upside in other global markets on an account of better-than-expected U.S Advance GDP figures. Earlier, the strong USD & higher U.S bond yields ahead of the U.S Fed meeting which is to be held in next week made the equity markets weaker. Also, the focus remains on rising tension between Middle East regions. On data front, the U. K’s Flash Manufacturing PMI rose to 45.2 from 44.3 in the previous month whereas the Flash Services PMI remained steady. As seen in the chart, the index UK100 is hovering near the cluster support of multiple lows which signals for a reversal if sustained. Sideways trading can be recommended for the day in UK100.

WTI Oil is trading at $84.41, 0.03% up since previous day close. The steady momentum can be seen in Oil prices as global sentiments improved against the mixed USD ahead of the U.S Fed meeting which is to be held next week. Earlier, the prices retreated amid slowing demand from Europe; as the economy showed poor PMI figures. Escalating tension between Hamas & Israel may affect Oil supplies & hence, remains supportive for the prices. The U.S EIA report showed a rise in Oil inventory levels by 1.4 mbpd higher than expected fall of 0.5 mbpd. As seen in the chart, the Oil seems to be taking a support of MA (100) which acts as a major support level & hence, slight buying bias may be seen for the day.