USD/CAD is trading at 1.35400, 0.06% up since previous day close. The Canadian Dollar slightly moved up on Wednesday amid surging U.S bond yields & mixed USD ahead of the FOMC Powell speech at Jackson Hole Symposium later in this week. Earlier in this week, the PBoC cut-down its prime rates lower than expectation which weakened the market sentiments & hence, dragged down the major currencies. The Canada is to issue Retail Sales data today which will be closely monitored. As seen in the chart, the pair seems to be sustaining the higher levels of upper trend-line of channel pattern which acts as a major resistance level. Slight buying may be initiated in CAD against the USD on an intraday basis.

WTI Oil is trading at $79.76, 0.06% down since previous day close. The Oil prices seems to be trading flat on Wednesday post release of U.S American Petroleum Institute (API) report which showed a fall in Oil stocks level by 2.418 mbpd same in line with expected fall of 2.900 mbpd. The traders will be eying the outcome of U.S Energy Information Administration (EIA) report which will be revealed today. Earlier, the Saudi Arabia & Russia are to cut-down their oil output & supplies till end-December which pushed up the prices being largest oil producing countries. As seen in the chart, the Oil is trading near short-term Moving Averages of period 10 & 20 & hence, the cautious trading may be recommended for the day.

FRA40 is trading at 7244, 0.16% up since previous day close. The FRA40 is expected to open on higher note on Wednesday following an upside in global peers amid recovering positive sentiments. The traders remain cautious ahead of the earnings of NVIDIA company & U.S Jackson Hole Symposium speech which is to be held later in this week. However, the global markets traded on lower side earlier in this week after PBoC cut-down its Prime Lending Rates lower than expectation which signaled for slowing economic growth. The result of French PMI figures will remain vital for the day. As seen in the chart, the index sustained the cluster support with heavy trading volume & is showing a reversal phase. Buying bias may be established for the day in FRA40.