USD/CHF is trading at 0.90895, 0.36% up since Thursday. The Swiss Franc moved on higher against the soft USD amid weaker than expected U.S Advance GDP & Jobless Claims data which has been released on Thursday. Besides this, the U.S Fed failed to live up to the traders & investors expectations over tapering down the bond purchases program despite progressive economic conditions & stable labor sector which forced greenback to trade lower & CHF stronger. The result of Retail Sales data remains in focus for the day. As seen in the chart, the pair is floating below the short term MA (10) & MA (20) indicating the possibility of downside trading. Further buying may be recommended in CHF against the USD with a target of 0.90500 on daily basis.

Natural gas is trading at $2.893, 0.17% down since previous close. The Natural gas prices slid down post release of Energy Information Administration (EIA) report which shows a rise in Natural gas inventory level by 15B as against the expected build-up of 8B. Besides this, the mounting Covid-19 cases results into lockdown in many countries & hence, affecting the consumption demand of commodity. The changing climatic condition in U.S & European slows down the demand of heating fuels; further adding on the selling pressure. As seen in the chart, the Natural gas almost reversed down from major resistance level of previous highs & hence, slight selling bias may be maintained on daily basis.

CHNIND is trading at 10747, 0.41% down since Thursday. The Asian shares slipped amid selling pressure in global indices & slight recovery in USD. The China released mixed PMI figures wherein the Manufacturing PMI fell to 51.1 as against the expectation 55.9 & the Non-Manufacturing PMI rose to 54.9 versus estimation 51.8. These indicate steady level of progress in manufacturing & industrial activities. Earlier in a week, the CHNIND traded higher as Fed left an interest rate unchanged as expected; but, failed to line up with an expectation of bond purchase tapering. As seen in the chart, index crossed down the MA (10) & MA (20) & is, now, trading near previous lows which act as a major support level. Slight selling may be seen in CHNIND on daily basis.