NZD/USD is trading at 0.61060, 0.06% down since previous day close. The Kiwi weakened to some extent against the steady USD as Fed Governor Waller hinted for less possibility for rate cut in the month of March. On data front, the Business NZ Manufacturing Index fell to 43.1 from 46.5 in the previous month while the GDT Price Index rose by 2.3% from 1.2% previously. These created mixed trading in the pair NZD/USD. The result of CPI data will remain in focus which is due to be issued in next week. As seen in the chart, the pair corrected down from major resistance of previous highs & is hovering near MA (10) & MA (20). This indicates an either side breakout on short term basis. Slight selling bias may be recommended for the day in NZD/USD.

WTI Oil is trading at $74.02, 0.10% up since previous day close. The Oil prices surges higher on Friday post release of U.S Energy Information Administration (EIA) report which showed a fall in Oil inventory levels by 2.5 mbpd against the expected fall of 0.6 mbpd. Also, the steady USD amid lesser chances of interest rate cut in the month of March & rising conflicts in the Middle-East regions with more attacks on Gaza & supply disruption from Red Sea made the Oil prices volatile. The U.S is to issue its Baker Hughes report today which will remain in focus. As seen in the chart, the Oil almost crossed over the short-term MA (10) & MA (20) which indicates the slight buying bias for the day.

GER30 is trading at  16618, 0.12% up since previous day close. The European shares inches up on Friday amid positivity in technology sector with regards to development in AI which led the buying bias in global equity markets. Earlier, the index slid down amid weak Chinese economic outlook & mixed bet over rate cut stance in Fed’s future monetary policy meet; as hinted by Fed official Waller. On data front, the German ZEW Economic Sentiment climbed to 15.2 from 12.8 in the previous month which failed to create any positive impact on GER30. As seen in the chart, the index corrected till Fibo level 23.6 which acts as an immediate support level. The index seems to be sustaining that level & hence, slight buying bias may be suggested for the day in GER30.