NZD/USD is trading at 0.72169, 0.18% down since Wednesday. The firmer USD ahead of the result of U.S NFP data later in this week turned out to be crucial for its counterpart currencies. On data front, the ANZ Commodity Prices grew by just 1.3% lower than previous figure 2.3% which slightly weigh down the NZD/USD. On Tuesday, the GDT Price Index fell by 0.9% weaker than previous figure 0.2% which suppressed the pair NZD/USD. Globally, uncertain outlook towards U.S monetary policy & QE tapering talks in next FOMC meeting remains significant for NZD/USD. Slight selling bias may be suggested in the NZD/USD since the pair almost crossed down the MA (10 & MA (20).

Copper is trading at $10037.64, 0.09% down since previous close. The profit-booking can be seen in base metals in the previous session after rallying to record high levels earlier. The steady USD ahead of the U.S NFP data release which is to be held on Friday subdued the global commodities to some extent. Also, uncertainty towards Fed tapering talk remains vital for metals. The better than expected Chinese PMI figures indicate a progress in manufacturing & industrial activities; supporting the Copper prices since China is a major consumer of base metals. Sideways trading may be recommended for the day in Copper since the commodity is floating near major support level of MA (10) & MA (20).

GER30 is trading at 15575, 0.03% down since Wednesday. The global indices seem to be trading cautious ahead of U.S Non-farm Payroll which is to be released on Friday. Earlier in a week, the GER30 tested record high levels amid progressive recovery in economic conditions & evenly distribution of Covid-19 vaccine doses. The German Final Services PMI remained steady at 52.8 as expected whereas the Retail Sales fell by 5.5% weaker than expectation 2.4%. The ECB Chief Lagarde is to deliver a speech on Friday which will be closely monitored. As seen in the chart, the index is within a bullish channel pattern & hence, a strong breakout can be seen if sustained the MA (10) & MA (20) levels. Buying n dips may be recommended for the day.