EUR/USD is trading at 1.08787, 0.08% up since previous day close. The EURO inches up in early trade on Tuesday after depreciating to 1.08000 levels in last week. Majorly, the mixed USD as U.S Joe Biden & House of Representative Speaker are set to meet on Tuesday over debt ceiling talks made other currencies volatile. On data front, the Industrial Production fell by 4.1% weaker than expectation -2.5% which made the pair EUR/USD to trade slightly weaker on Monday while the focus will be on Euro-zone ZEW Economic Sentiment data & ECB President Lagarde speech which are due today. As seen in the chart, the pair is trading within the narrow range; however, seems to be taking a support of MA (100). Buying on dips may be recommended for the day in EUR/USD.

CHNIND is trading at 6830, 0.08% up since previous day close. The slight selling pressure can be seen in CHNIND in early trade on Tuesday post release of key economic data. The Fixed Asset Investment grew by just 4.7% lower than expectation 5.7% & the Retail Sales rose by 18.4% against estimation of 22.0%. However, the momentum may remain short-lived since it is data-induced & the long-term trend of bullishness may remain intact. Globally, the sentiments improved ahead of the resolving talks between U.S Biden & House of Representative Speaker McCarthy over debt ceiling issue today. As seen in the chart, the CHNIND seems to be trading within the two major long-term Moving Averages of period 100 & 200 which clearly indicates either side breakout.

Gold is trading at $2016.02, 0.01% up since previous close. The Gold prices seems to be trading flat to higher side on Tuesday against the mixed USD as traders are looking forward to the scheduled meeting between U.S President Joe Biden & House of Representative Speaker today with a focus on repaying deadlock of debt ceiling limits. On global front, the higher U.S inflation rate & softer Chinese key economic data can slightly subdue the gold prices. However, the long-term trend of bullishness may remain intact. As seen in the chart, the Gold is within the bullish channel pattern & is trading above the MA (10) & MA (20) which signals for buying bias at corrective dips on daily basis.