USD/CAD is trading at 1.35888, 0.09% up since previous day close. The Canadian Dollar (CAD) surged up against the soft USD as traders remain cautious ahead of the result of FOMC Meeting Minutes due to be issued today. On global front, the lesser chances of interest rate hike in near future as hinted by Fed member turned out to be positive for other currencies. Last week, the Canada posted Employment figures which showed a rise in number of employed people by 63.8K from 39.9K & the Unemployment Rate fell to 5.5% against the expectation 5.6%. As seen in the chart, the pair USD/CAD seems to be sustaining the cluster higher levels & hence, slight buying may be seen in CAD against the USD if reversed.

GER30 is trading at 15508.3, 0.19% up since previous close. The European shares surged up following an upside in U.S markets ahead of the FOMC Meeting Minutes event which is to be held today. Earlier in this week, the Fed member hinted for a dovish stance in next Fed meeting which pushed up the equity markets. However, the concern looms over escalating geo-political tensions between Middle-East regions & rising Crude Oil prices. The German Industrial Production fell by 0.2% against the expected fall of 0.1% while the focus will be on Final CPI data which is to be released today. As seen in the chart, the index seems to be showing a reversal phase from cluster lows & hence, buying on dips may be suggested on an intraday basis.

WTI Oil is trading at $86.17, 0.04% up since previous day close. The Oil prices inches up on Wednesday post release of U.S API report which showed a fall in Oil stocks level by 4.21 mbpd against the expected fall of 0.092 mbpd. Earlier in this week, the prices recovered as Hamas troop attacked the Israel over this weekend killing hundreds of people; disrupting Oil supplies from top Oil producing country. The supply concern as Russia & Saudi Arabia seems to be cutting down the Oil production level by 1.3 mbpd will remain supportive for prices on long run. However, the focus remains on FOMC Minutes release event due today. Buying bias may be established for the day in WTI Oil.