NZD/USD is trading at 0.57963, 0.02% down since previous day close. The weakness can be seen in Kiwi in early trade on Wednesday post release of country’s soft Employment data. The number of employed people fell by 0.2% weaker than expected rise by 0.4% & the Unemployment Rate grew to 3.9% from 3.6% in the previous month. This may affect an economic development & hence, weakened the pair NZD/USD. On global front, the strong USD & higher U.S bond yields ahead of the U.S FOMC meet due today with uncertain monetary outlook subdues the other basket of currencies. As seen in the chart, the pair is trading near lower trend-line of channel pattern & hence, wait & watch strategy may be recommended further.

AUS200 is trading at        6802, 0.03% up since previous day close. The mixed trading can be seen in Asina markets amid global cues. The better-than-expected US earning results & uncertain monetary outlook in today’s FOMC meeting creates mixed momentum in global equity markets. In Australia, the Building approvals fell by 4.6% weaker than previous figure 8.1% which may turn up negative for AUS200. The soft Chinese PMI figures made the index weaker to some extent since China & Australia are the trading partners. Upcoming event of U.S NFP data will remain in focus for the week. As seen in the chart, the index retraced down till MA (200) which indicates make-or-break situation. The cautious trading may be seen for the day in AUS200.

Gold is trading at $1980.44, 0.09% down since previous close. The downside continued to be seen in gold prices against the strong USD ahead of the U.S FOMC meeting which is to be concluded today with a focus on an interest rate decision. Besides this, the China posted weaker than expected PMI figures which further dragged down the gold prices since Chian is a top consumer of metals. Earlier, the gold surged up as tension looms over Israel & Hamas geo-political conflicts; for Gold is a safe haven instrument. Upcoming event of U.S Non-farm Payroll data will remain in focus for the week. As seen in the chart, the gold trading near resistance of previous highs & hence, either side breakout can be seen further.