USD/CAD is trading at 1.33467, 0.02% down since previous day close. The mixed trading can be seen in in currencies on Thursday as USD & bond yields steadies at 5-month lows on account of uncertain FOMC monetary bet in the month of March. Also, the volatile Oil prices deepens the selling pressure in CAD since both the instruments are directly correlated. The Canada’s CPI rate grew by 0.1% against the expected fall of -0.1% which cushioned the pair USD/CAD earlier in this week. The result of Retail Sales data will remain a key concern for the day. As seen in the chart, the pair USD/CAD is trading below the resistance level & further buying may be recommended in CAD against the USD on each & every corrective dip.

Gold is trading at $2036  .44, 0.06% up since previous close. The range bound trading can be seen in gold prices against the steady USD on uncertain view over Fed’s future monetary stance. The ultra-dovish BoJ stance & leaving its interest rate steady at -0.10% led the selling pressure in gold & YEN. On Wednesday, the China left its Prime Loan Rate steady as expected which may revive the consumption demand of Gold & hence, pushed up the prices slightly; for China is a top consumer of metals. The result of U.S Jobless Claims & Final GDP data will remain in focus for the day. As seen in chart, the gold is still hovering near major resistance level & hence, a breakout is expected if breaches the level.

US100 is trading at  16867, 0.09% up since previous day close. The U.S markets slightly recovered after plunging down to weekly lows in the previous session amid mixed sentiments over FOMC future monetary stance. Also, the weakness in Japan’s stock market on an account of scandal with country’s biggest auto-maker Toyota-Daihatsu led the selling pressure in U.S markets to some extent. Other than this, the factors like volatile Crude Oil prices & ceasefire talks between Israel & Hamas remains significant for global markets. The result of Final GDP & Unemployment Claims data will remain in focus for the day. As seen in the H4 chart, the index corrected down till Fibo level 23.6 which turns into major support level & so, the cautious trading may be recommended for the day.