NZD/USD is trading at 0.62341, 0.22% up since previous day close. The Kiwi saw an upward momentum post release of country’s Employment data. The number employed people grew by 0.8% from 0.5% in previous month & Unemployment Rate lowered down to 3.4% as against the expectation of 3.5%. Last week, the pair USD/JPY weakened heavily post Bank of Japan (BoJ) meet wherein an interest rate was left unchanged at -0.10% as expected & hinted for monetary tightening if required in future course of time. Upcoming FOMC meeting & U.S Non-farm Payroll data release will remain in focus for the week. A further upside may be expected in NZD/USD & hence, buying bias may be adopted for the day.

UK100 is trading at 7791, 0.09% down since previous day close. The selling pressure can be seen in UK markets as traders waits for the result of FOMC meeting which is to be concluded late today. Also, an upcoming U.S NFP data release event later in this week will remain significant for equities. On regional front, the U.K issued Final Manufacturing PMI data which rose to 47.8 from 46.6 in the previous month which turned out to be slightly positive for UK100 earlier. The market will be looking forward to the result of Final Services PMI data which is to be issued on Thursday. As seen in the chart, the index is trading near Fibo level 23.6 which indicates the chances of either side breakout momentum. Wait & watch strategy may be recommended for the day.

Gold is trading at $2016.41, 0.16% up since previous close. The Gold seems to be turning positive since last session; after crossing over the major consolidation phase formed in the last week. The steady USD ahead of the FOMC meeting & U.S NFP data release event due later in this week remained supportive for precious metals. Earlier, the prices moved on higher side as the global outlook turned positive over precious metals & equity markets. The not-so-good Chinese PMI figures released over last weekend made the Gold slightly weaker since China is a major consumer of metals. As seen in the chart, the gold crosses over the sideways trading & hence, any corrective dip may be recommended as buying opportunity in Gold.