NZD/USD is trading at 0.62523, 0.02% up since previous day close. The mixed trading can be seen in USD ahead of the release of U.S CPI data due today which made the other currencies to trade flat to slightly higher side. Last week, the better-than-expected U.S Non-farm Payroll data turned out to be suppressive for other currencies. On data front, the New Zealand’s Building Consents fell by 10.6% from 8.5% in the previous month which failed to create any negative impact on NZD/USD. Globally, uncertain Fed future monetary stance will remain vital for currencies. As seen in the chart, the pair seems to be testing the major resistance of previous highs & hence, wait & watch strategy may be build-up for the day in NZD/USD.

WTI Oil is trading at $71.47, 0.04% up since previous day close. The Oil prices slightly inches up on Thursday on an account of rising conflicts in the Middle-East regions with more attacks on Gaza & supply disruption from Red Sea. This overshadows the negative effect in prices after U.S EIA report showed a rise in Oil inventory levels by 1.3 mbpd against the expected fall of 0.2 mbpd. Earlier, the prices retreated after the Saudi Arabia, world’s largest Oil exporter cut-down the prices of its exports to Asia & parts of Europe. Globally, the slowing demand from China & uncertain FOMC future monetary view makes the Oil volatile. Sideways trading may be recommended for the day in WTI Oil.

US30 is trading at  37816, 0.09% up since previous day close. The U.S markets seems to be trading slightly on positive side amid upcoming inflation rate data which may affect the Fed monetary stance in forthcoming meetings. Earlier in this week, the US30 recovered as technology shares outperforms over optimism looms on AI hype & exposure. Last week, the U.S issued robust Nonfarm Payroll data which made the rate-cut decision suspicious in the upcoming Fed meetings. The result of Jobless Claims data remains in focus for the day. As seen in the weekly chart, the index is trading in a buying zone since it successfully breached the channel pattern & hence, an upside may be maintained further. Buying on dips may be suggested for the day in US30.