EUR/USD is trading at 1.11032, 0.22% up since previous day close. The EURO appreciated on higher side on Thursday after Fed hikes an interest rate by 25 bps, in line with market expectations & hinted for one more rate hike later in this year.  The Fed Chair stated that U.S economy may not face recession era in the near future which further boosted up the global currencies & softened the USD. The forthcoming European Central Bank (ECB) meet which is to be held today with a hope of 25bps rate hike & EU Economic Forecasts event remains vital for EUR/USD. As seen in the chart, the pair sustained the Fibo Retracement level of 38.2 & shows a reversal phase. Buying on each & every corrective dip may be recommended for the day in EUR/USD.

US100 is trading at 15715, 0.31% up since previous day close. A sharp rise can be seen in U.S markets on Thursday amid Fed’s expected move of 25bps interest rate hike stance; however, hinted for a one more rate hike later in this year. The Fed Chair also stated for lesser probability of recession hitting the US economy which emerged positive sentiments amongst the traders & investors.  The traders will be looking forward to the outcome of ECB & BoJ meetings as well focusing on a change in monetary policy. Besides this, the ongoing stimulus talks in China remained supportive for indices. The result of U.S Advance GDP & Jobless Claims data will remain into focus. Buying on lower levels may be suggested for the day in US100 since an index is firmly trading above the key resistance level.

WTI Oil is trading at $79.63, 0.41% up since previous day close. The Oil prices inches up in early trade on Thursday against the soft USD as Fed raised an interest rate by 25 bps as expected & stated for lower likelihood of recession hitting the U.S economy. This may retain the demand from largest economy of the world. On Wednesday, the EIA report showed mild drop-down in Oil inventory levels by 0.6 mbpd against the expected fall of 2.2 mbpd. The Saudi Arabia & Russia’s Oil output cut for the month of August remains supportive for Oil prices. Buying bias may be recommended for the day in WTI Oil since the commodity is expected to test MA (100) if upside prevailed further.