NZD/USD is trading at 0.63345, 0.02% up since previous day close. The Kiwi slightly gained on Tuesday as FPI rate rose by 1.7% & the Inflation Expectations stood at 3.30% from 3.62% in the previous month. On Monday, the Business NZ Services Index climbed to 54.5 as compared to 52.0 in the last month which further cushioned the pair. However, the pair is facing some sort of downside pressure as USD steadies ahead of the U.S inflation data release event which is due today. The result of Visitor Arrivals data will remain in focus for the week. As seen in the chart, the pair is trading between the short & long term Moving Averages which clearly indicates the make or break situation. Slight buying may be recommended further.

US100 is trading at 12511.8, 0.12% up since previous day close. The U.S markets slightly edges higher on Tuesday as traders remain cautious ahead of the result of U.S CPI data release which is due today. Besides this, the US100 saw a range bound momentum since last few sessions amid mixed view over interest rate hike decision in the next meeting on account of higher employment rate. Globally, the soft Oil prices on account of U.S Oil SPR sale led buying pressure in equity markets. The speech of the few FOMC members will be closely watched today. As seen in the chart, the index moved up from previous lows & MA (200) which acted as support levels. Buying may be continued further if inflation rate data shows some kind of progress.

WTI Oil is trading at $79.19, 0.02% down since previous day close. The Oil prices slid down after U.S President announced Oil SPR sale worth 8 million in order to meet the growing demand. Last Friday, the U.S Baker Hughes report showed a rise in oil rig counts by 10 leading to 609 from 599 in the previous week. On global front, the steady USD ahead of the U.S CPI data release led slight selling pressure in dollar denominated commodities like WTI Oil. On long term basis, an increase in consumption demand from China further may push up the prices since China is a major consumer of Oil. The result of U.S API report will remain in focus for the day. Wait & watch strategy may be build-up for the day in WTI Oil.