USD/CAD is trading at 1.36437, 0.03% down since previous day close. The slight selling pressure can be noticed in USD/CAD ahead of the Bank of Canada (BoC) meeting due today wherein an unchanged monetary decision of interest rate at 5.00% is expected. Also, the traders will be looking forward to the result of key Employment data which is to be issued later in this week. On global front, the steady USD amid uncertain U.S Fed monetary outlook in its upcoming meeting in the month of September subdued the other currencies to some extent. As seen in the chart, although the pair is hovering above MA (10) & MA (20) yet an upper trend-line of channel pattern may prove to be a resistance zone. The cautious trading may be recommended for the day in USD/CAD.

AUS200 is trading at 7241.3, 0.07% down since previous close. The selling pressure can be observed in Asian shares on Wednesday after U.S & European shares struggled to trade positive on an account of weaker economic data from major economies. Last week, the AUS200 slightly moved on higher side as fear over Fed hawkish rate hike stance seemed to be easing down. However, the recent RBA’s monetary decision of leaving an interest rate at 4.10% same as previous reading made the index to trade sideways. The country’s GDP rate grew by 0.4% same as expectation which might support the AUS200 later-on in the session. As seen in the chart, the index is trading within the consolidation phase; still slight buying bias may be maintained for the day.

Silver is trading at $23.544, 0.12% down since previous close. The precious metals retreated on Wednesday as China & Europe showed weaker economic progress via poor PMI data released in earlier sessions; for this may lower down the consumption demand of industrial metal like Silver from major economies. The traders & investors will be looking forward to the result of U.S ISM Services PMI data due today. Earlier, the fear cooled down over chances of higher interest rate hike in upcoming Fed meet & hence, turned out to be positive for prices. As seen in the chart, the commodity is trading near long-term MA (100) & MA (200) & hence, wait & watch strategy may be adopted for the day.