USD/CAD is trading at 1.36696, 0.02% down since previous day close. The Canadian Dollar (CAD) seems to be trading in a tight range ahead of the result of Employment data which is to be issued today. On Wednesday, the BoC left an interest rate was unchanged as expected at 5.00% which weakened the CAD. On global front, the steady USD on account of escalating tension U.S & China over tech trade issues & uncertain U.S Fed monetary outlook in its upcoming meeting in the month of September subdued the other currencies. 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.

JAP225 is trading at 32310.3, 0.03% down since previous close. Like other global shares, the Japanese index slid down on Friday as tenson between U.S & China escalated after the former imposes few export curbs on Chinese tech companies in retaliation to Chinese actions. However, the Japan’s better than expected economic data may turn to be supportive later on. The Current account showed a surplus of 2.77T from 2.35T in the previous month while Final GDP Price Index grew by 3.5% against the expectation 3.4%. Uncertain Fed monetary outlook will remain vital for indices. As seen in the chart, the index JAP225 is trading near short- term Moving Averages of period 10 & 20 which indicates the chances of either side momentum on daily basis.

Gold is trading at $1924.44, 0.06% up since previous close. The mild recovery can be seen in gold prices on Friday amid mixed USD post FOMC members speech signaling for conservative monetary approach in the near future. The tension between U.S & China may affect the consumption demand of metals. Earlier, the fear cooled down over chances of higher interest rate hike in upcoming Fed meet & hence, turned out to be positive for gold prices. The result of U.S Final Wholesale Inventories data will remain in to focus for the day. As seen in the chart, the commodity is trading near Fibo level 50.0 which indicates a reversal phase if sustained the level. Slight buying bias may be adopted for the day.