GBP/USD is trading at 1.40895, 0.28% up since Friday. The Pound appreciated widely; crossing 1.4000 levels on Monday after the Scottish National Party (SNP) won the regional elections boosting the positive sentiments towards political stability. Also, upcoming UK Prime Minister Boris Johnson speech is to focus on easing down lockdown restrictions as cases started depleting in the country along with progressive vaccine supplies; remains supportive for GBP/USD On global front, the soft US NFP data weakened the USD & cushioned the other basket of currencies. As seen in the chart, the pair successfully crossed over the major resistance of triple tops which indicates a buying bias on lower levels on an intraday basis.

Gold is trading at $1836.32, 0.42% up since previous close. A strong breakout can be seen in Gold forming recent highs above $1830 against the soft greenback. Last week, the U.S issued weaker than expected Non-farm Payroll data which showed a rise in employment figure by just 266K much lower than expectation 990K. This limits the chances of Fed tapering measures & also, may continue to keep interest rate lower. Globally, unveiling stimulus plan by U.S President Biden & progressive Covid-19 vaccine supplies remains supportive for Gold. As seen in the chart, the commodity strongly crossed MA (100) & is heading northwards; suggesting buying bias on the daily basis.

US30 is trading at 34752, 0.37% up since previous day close. The record high levels can be seen in US30 on Monday after traders & investors remains optimistic over keeping interest rate steady at lower side amid soft U.S NFP data which shows instable employment status. Also, this may restrict the chances of U.S tapering down the bond-buying program which again cushioned the US30. This overshadows the Yellen’s statement of probability of raising interest rate in near term. The result of U.S CPI & Retail Sales will be closely monitored on weekly basis. As seen in the chart, the index is consistently trading in a bullish channel pattern with a RSI line moving towards resistance level of 70. Buying on correction may be suggested for the day in US30.