EUR/USD is trading at 1.07317, 0.12% up since previous day close. The EURO strengthened after U.S issued weaker than expected Non-farm Payroll data which recedes the chances of further rate hikes & increases the possibility of rate cut by FOMC. Also, the FOMC left an interest rate unchanged at a range of 5.25% to 5.50% & showed a dovish stance in future course of time which remained supportive for currencies. Ongoing tension between Israel & Hamas will remain vital for EUR/USD. The result of Euro-zone Services PMI data will be closely monitored for the day. As seen in the chart, the pair successfully crosses over the short-term Moving Averages as well as MA (100); showing buying bias on daily basis.

US100 is trading at 15184, 0.09% up since previous day close. The U.S markets rallied post release of U.S Non-farm Payroll data which showed a slow-down in labor sector; for the figures grew by just 150K lower than expectation 178K. This may result into chances of FOMC rate cut & hence, this sentiment amongst the traders & investors boosted the equity markets. Last week, the Fed Powell left interest rate steady & showed a pause for rate hike & better corporate earnings cushioned the index US100. The market will be looking forward to the speech of few Fed officials due today. As seen in the chart, the index took a support of previous lows & is trading near MA (100). A strong breakout can be seen if crosses over the current level & hence, buying on dips may be recommended for the day.

WTI Oil is trading at $80.96, 0.11% down since previous day close. The Oil prices seems to be trading mixed as Saudi Arabia & Russia sticks to the plan of output cut in near term which may affect the Oil supplies. On global front, the weaker U.S NFP data & Fed’s Powell less hawkish stance over future rate hike made the dollar denominated commodities like WTI Oil stronger. Escalating tension between Hamas & Israel & Iran’s plan to stop supply food & oil to Israel may affect overall Oil supplies & hence, remains supportive for the prices. As seen in the chart, although the Oil prices crossed down the MA (100) yet it is still hovering near Fibo level 50.0. The cautious trading may be recommended for the day in WTI Oil.