GBP/USD is trading at 1.20270, 0.02% down since previous day close. The mixed trading can be seen in major currencies as USD steadies ahead of the U.S FOMC Minutes which is to be released on Thursday. Last week, the US issued higher inflation rate change as compared to previous figures & posted strong Retail Sales data which may raises the chances of aggressive rate hikes in the next Fed meeting. The U.K’s Rightmove HPI failed to show any changes in the figures versus previous rise of 0.9%. The result of Manufacturing & Services PMI data will remain in focus on Tuesday. As seen in the chart, the pair is trading near correction level of Fibo 23.6 & hence, make or break situation can be seen further.

AUS2000 is trading at 7278.3, 0.06% up since previous close. The AUS200 showed slight bounced back on Monday but still remains steady as traders & investors are waiting for the result of U.S FOMC Meeting Minutes release on Thursday. Last week, the higher PPI & CPI rate change as issued by U.S raises the aggressive rate hike fear in Fed’s next meeting which limits the upside in global markets. In Australia, the number of employed people fell by 11.5K weaker than expectation 19.8K & the Unemployment Rate rose to 3.7% from 3.5% in the previous month. As seen in the chart, the index contracted down till MA (10) after testing the previous highs which act as resistance zone. Buying on corrective dips may be suggested for the day in AUS200.

WTI Oil is trading at $77.01, 0.16% down since previous day close. The Oil prices retreated to some extent on Monday as North Korea fired two more ballistic missiles off its east coast in order to warn U.S forces to halt the military drills. The recent U.S Baker Hughes report showed mild changes in Oil rig counts as compared to last week. Last week, the U.S President Biden announced Oil SPR sale worth 8 million in order to meet the growing demand which made the prices weaker. The trend in commodities widely depends upon the outcome of FOMC Meeting Minutes, API & EIA reports which are to be released this week. Selling on pullback may be suggested for the day in WTI Oil on daily basis.