GBP/USD is trading at 1.22263, 0.04% up since previous day close. The Sterling Pound seems to be trading on higher side against the soft USD after the Fed member Jefferson hinted a likelihood for a pause in rate hike in next Fed meeting amid higher U.S Treasury bond yields. Also, the traders remain cautious over ongoing geo-political conflict between Hamas & Israel over this weekend. On data front, the BRC Retail Sales Monitor grew by 2.8% lower than expectation 3.1% while the traders will be looking forward to the result of FPC Meeting Minutes due to be released today. As seen in the chart, the pair reversed up from major support level & is trading near MA (10) & MA (20) which acts as a crucial level. Slight buying may be recommended for the day in GBP/USD.

AUS200 is trading at 7069.3, 0.09% up since previous close. The Asian shares rallied on higher side on Tuesday after U.S markets showed an upward momentum as Fed member hinted for a dovish stance in next Fed meeting. Earlier, the index AUS200 slid down amid soft global cues like surging U.S bond yields, escalating geo-political tensions & rising Crude Oil prices. In Australia, the Westpac Consumer Sentiment grew by 2.9% from -1.5% in the previous month which cushioned the index AUS200. As seen in the chart, the index is trading near cluster lows which acts as a major support level & also, seems to be sustaining the lower trend-line of channel pattern Reversal momentum can be expected if AUS200 trades on higher side & hence, slight buying may be recommended.

Gold is trading at $1861.44, 0.08% up since previous close. An upward momentum can be seen in gold prices since last two sessions amid rising geo-political tension between Gaza & Israel as Hams attacked the Israel over this weekend; for Gold is a safe-haven instrument. Also, the Fed member hinted a dovish stance in upcoming Fed meet on an account of rising U.S bond yields which cushioned the precious metals. The focus will be on the result of U.S PPI data due to be released this week. As seen in the chart, the gold almost sustained the major support level of long-term MA (200) & is currently trading near MA (100). Slight buying bias may be seen for the day in gold.