USD/CHF is trading at 0.92534, 0.03% down since previous day close. The strong USD ahead of the outcome of U.S inflation data release which is to be held on Tuesday led a selling pressure in other basket of currencies. Also, the robust U.S NFP data showed a progress in employment figures which turned out to be negative for Swiss Franc (CHF); since this may raises the chances of higher interest rate in the next FOMC meet. On data front, the Foreign Currency Reserves remained steady at 754B same as previous figures while the result of CPI data will be closely monitored today. As seen in the chart, the pair is trading near the major support of previous lows which strongly indicates the possibility of breakdown if breached otherwise a reversal can be seen if sustained.

GER30 is trading at 15299.3, 0.04% down since previous close. The slight negative momentum can be observed in GER30 as upcoming U.S CPI data release creates mixed sentiments amongst the traders & investors. Last week, the Fed members hinted for hawkish stance in the forthcoming meeting in their speech on account of progressive employment rate which weighs down the indices. Improving Chinese economic conditions may remain positive for global markets on medium term basis. Ongoing Euro-group meeting & German WPI data release remains vital for GER30. As seen in the chart, the index successfully crossed over the major resistance level; however, a small correction can be seen post rally on short term basis. The cautious trading may be recommended for the day.

Gold is trading at $1859.24, 0.07% down since previous close. The sell-off continued to be seen in Gold prices against the strong USD ahead of the U.S CPI data release event which is to be held on Tuesday. Last week, the few Fed members hinted a hawkish stance in the next fed meeting amid better than expected U.S Non-farm Payroll figures. This strengthened the USD & weakened down the precious metals. Earlier, progress in Chinese economic conditions remained bullish for metal prices & hence, Gold shot up to $1960 since China is a top consumer of precious metals. As seen in the chart, the further correction in Gold may test the Fibo level 38.2 & hence, slight selling pressure may be noticed only on intraday basis.