GBP/USD is trading at 1.39954, 0.21% up since Monday. A strong appreciation can be seen in Sterling Pound against the softer USD amid global cues. On regional front, an uplifting of lockdown in the country & progressive distribution of Covid-19 vaccine may lead to good amount of economic recovery. Globally, the soaring U.S bond yields in the midst of rising inflation fears & adopting accommodative monetary policy may remain supportive for major currencies. The market will be looking forward to the result of UK’s employment figure today. As seen in the chart, the pair crossed MA (10) & MA (20); forming double bottom & hence, further buying may be recommended for the day in GBP/USD.

Gold is trading at $1772.15, 0.17% down since Monday. The Gold prices slightly edges lower after gaining heavily in last two sessions. However, the long term trend of bullishness may remain intact since the US Dollar Index is weakening along with soaring U.S bond yields. The growing inflation fear amid evenly distribution of Covid-19 vaccine & progressive labor sector may revive the economic growth in U.S. The supportive approach towards Fed monetary policy remains positive for precious metals. As seen in the chart, the Gold successfully crossed MA (10) & MA (20) & also, took a strong support of previous lows & hence, buying on lower levels may be recommended for the day.

AUS200 is trading at 7013, 0.28% up since Monday. The Asian shares seems to be trading on higher side on Tuesday against the retreating USD & soaring bond yields amid progress in global growth. On Tuesday, the RBA Minutes indicated to provide necessary support in order to improve an economic situation which further pushed up the AUS200. On global front, the hopes of approaching accommodative monetary policy by major banks & evenly supply of Covid-19 vaccine doses in the countries remains supportive for AUS200. A good peak in employment sector further adds bullishness in an index. As seen in the chart, the AUS200 crossed sideways channel pattern & hence, buying on lower levels may be recommended on daily basis.