AUD/USD is trading at 0.67094, 0.12% up since previous day close. The Aussie appreciated in early trade on Thursday post release of upbeat employment data. The number of employed people rose to 53.0K against the expectation 20.8K & the Unemployment Rate fell to 3.5% against estimation of 3.6%. These led into buying pressure in AUD/USD. Globally, the soft USD as U.S CPI inflation rate cooled down by 0.1% lower than anticipated rise of 0.2% further pushed up the Aussie. The progressive inflationary situation in China supports antipodean currencies since China & Australia are the trading partners. As seen in the chart, the AUD/USD is trading near MA (200) which indicates strong breakout if breached.

US100 is trading at 12973.3, 0.02% down since previous close. The U.S markets witnesses the correction phase after making recent highs earlier in this week. On Wednesday, the U.S issued its inflation rate data which showed a rise of 0.1% lower than expectation 0.2% which signaled for controlled inflationary pressure & limits the chances of higher interest rate hikes in near future. However, the growing tension between U.S & China over Taiwan & suspicious Fed next monetary stance may poise to be vital for indices. The result of U.S PPI & Unemployment Claims data will be closely monitored for the day. As seen in the chart, the US100 is firmly trading within the bullish channel pattern & hence, the buying bias may be established at lower levels.

WTI Oil is trading at $82.99, 0.21% up since previous day close. The soft USD as U.S issued better than expected CPI data which indicates controlled inflationary pressure; resulting into higher demand of energy products led buying bias in Oil prices on Wednesday. This overshadowed the negative effect in the commodity post US Energy Information Administration (EIA) estimate release whish showed a rise in Oil inventory level by 0.6 mbpd against the expected fall of 1.0 mbpd. The recent Oil output & supplies cut as mentioned by OPEC+ in its latest meeting made the commodity expensive. As seen in the chart, the Oil surpassed the major resistance of previous highs & so, buying on lower levels may be recommended for the day.