NZD/USD is trading at 0.62442, 0.02% up since previous day close. The Kiwi inches up on Friday post release of Trade Balance data which showed a rise in surplus by 427M higher than expectation -1310M. On global front, the mixed USD after U.S President Joe Biden said that a deal on raising U.S debt ceiling limit could be reached in this week, as the June 1 deadline approaches led buying pressure in other currencies. Earlier, the pair weakened against the strong USD on account of chances of higher rate hike amid higher inflation rate & strong employment figure. As seen in the chart, the pair is trading within the narrow range of MA (100) & MA (200); indicating either side breakout. The cautious trading may be suggested for the day in NZD/USD.

UK100 is trading at 7774.3, 0.06% up since previous close. The U.K markets edges higher on Friday following the U.S markets after U.S President Joe Biden said the deal for raising debt ceiling limit could be reached out in this week; which eased down the tension amongst the traders as the deadline is approaching. However, the fear of chances of aggressive rate hikes in the near future amid higher inflation rate & higher employment rate may remain significant for indices. The U. K’s GFK Consumer Confidence fell by 27 from 30 in the previous month which failed to create any negative effect on UK100. As seen in the chart, the index is consistently taking a support of short-term Moving Averages & MA (200) as well. Buying on dips may be recommended for the day in UK100

WTI Oil is trading at $72.43, 0.02% up since previous day close. The Oil prices inches up on Friday as fear over slowing demand from U.S eased down as the chances of passing an agreement for raising a limit may be reached out soon. On Wednesday, the U.S EIA report showed a rise in Oil inventory level by 5.0 mbpd against the expected fall of 1.5 mbpd. The weaker Chinese economic figures may turn out to be negative for Oil prices since China is a major consumer of Oil. The U.S is to issue its Baker Hughes report today which will remain vital for Oil prices. As seen in the chart, the Oil is trading near MA (20) which indicates the breakout if breached otherwise a reversal may be expected on an intraday basis.