USD/CAD is trading at 1.36317, 0.06% up since previous day close. The flat trading can be seen in Canadian Dollar amid mixed global sentiments over suspicious chances of interest rate hike in Fed’s near-term monetary policy meeting. The rising geo-political tension between Hamas & Israel led volatile movement in currencies. The Canada’s Manufacturing Sales grew by just 0.7% from 1.6% in the previous month & the Wholesale Sales rose by 2.3% from 0.0%. The result of CPI data remains in focus for the day. As seen in the chart, the pair USD/CAD seems to be sustaining the cluster higher levels & hence, a make-or-break situation may be recommended for the day in USD/CAD.

CHNIND is trading at 6098.3, 0.04% down since previous close. The mixed trading can be seen in Chinese stocks ahead of the release of key economic data due on Wednesday. Earlier, the slight sell-off can be seen in CHNIND as U.S CPI rate grew by 0.4% higher than expectation 0.3% which increases the chance of interest rate hike in near future. Last week, the China’s CPI rate showed no change against the expected rise of 0.2% while the PPI rate fell by 2.5% from -3.0% in the previous month. The concern looms over escalating geo-political tensions between Middle East regions & rising Crude Oil prices. As seen in the chart, the index is hovering near MA (10) & MA (20) which indicates that a reversal can be seen if sustained otherwise a breakdown can be expected.

Gold is trading at $1915.44, 0.16% up since previous close. The flat to higher side trading can be seen in safe-haven gold against the mixed USD on account of uncertain chances of interest rate hike in next Fed meeting. The U.S CPI data showed a rise in rate by 0.4% against the expected rise of 0.3%. Besides this, the rising geo-political tension between Gaza & Israel as Hams attacked Israel over this weekend made the precious metals like gold & silver to trade on higher side. The result of U.S Retail Sales data will remain in focus for the day. As seen in the chart, the gold is trading not only above MA (100) & MA (200) but also above MA (10) & MA (20). This indicates a buying pressure at lower levels in gold for the day.