USD/CAD is trading at 1.34050, 0.09% up since previous day close. The Canadian Dollar (CAD) strengthened despite weaker result of Building Permits data which fell by 18.8% against expected fall of 4.3% while the focus will be on the outcome of Trade Balance data which will be out today. The mixed USD on upcoming FOMC meeting & optimism over signing of U.S debt ceiling bill into law by U.S President Joe Biden over the weekend led a buying bias in currencies. The traders will be looking forward to Bank of Canada (BoC) meeting which is due today. As seen in the chart, the pair USD/CAD is consistently trading within the sideways channel pattern & hence, slight buying bias may be established for the day.

UK100 traded at 7642, 0.06% up since previous day close. The U.K markets seems to be trading flat to higher side amid mixed global sentiments. Majorly, the traders & investors remain cautious over FOMC monetary stance in its upcoming meeting as U.S showed an increase in employment figure, which can raise a chance of rate hike. Earlier, the indices moved on higher side as global sentiments improved over signing up of U.S debt ceiling bill by President Joe Biden to avert the debt repayment till January, 2025. As seen in the chart, the index UK100 fell off to lower levels of MA (200) which acted as major support zone. Although, it showed a reversal yet the ADX line is still trading below level 25. Buying on dips may be suggested for the day in UK100.

WTI Oil is trading at $71.41, 0.31% down since previous day close. The Oil prices continued to slide down despite bearish estimates from American Petroleum Institute (API) report wherein the Oil stocks level fell by 1.710 mbpd against the expected rise of 1.50 mbpd. Earlier in this week, the Saudi Arabia announced a supply cut for the year 2024 starting from the month of July of 9 mbpd in its OPEC+ meeting which boosted up the prices, though the momentum remained short-lived. The uncertain chances of interest rate hike amid upbeat U.S Non-farm Payroll figures remains volatile for Oil. The result of EIA report will remain in focus for the day. Slight selling bias may be established for the day in WTI Oil.