USD/CHF is trading at 0.87450, 0.04% down since previous day close. The slight selling pressure can be seen in Swiss Franc against the USD as market waist for the result of U.s inflation figures which are to be issued on Thursday. Last week, the soft Non-farm Payroll data weakened the USD & slightly cushioned the other basket of currencies. On data front, the Swiss nation’s SECO Consumer Climate fell to 27 from 30 & the Manufacturing PMI contracted to 38.5 from 44.9 in the previous month. The result of Unemployment Rate will remain vital for the day. As seen in the chart, the pair seems to be hovering near short-term Moving Averages & hence, the cautious trading may be recommended for the day.

JAP225 is trading at 32193.3, 0.04% up since previous close. The mixed trading can be seen in Japanese stocks ahead of the U.S CPI data release event which is to be held on Thursday; indicating the status of inflation scenario in an economy.  The weaker U.S NFP data may limit the chances of more interest rate hikes in U.S & hence, created mixed sentiments amongst the traders & investors. The Bank of Japan left an interest rate steady at -0.10% as expected; however, hinted for monetary tightening if required in future course of time. The result of Current Account data will remain in focus for the week. As seen in the chart, the JAP225 is trading near Fibo level 23.6 which acts as a major support level & hence, wait & watch strategy may be built-up for the day.

Gold is trading at $1937.76, 0.07% down since previous close. The flat to lower side trading can be seen in gold prices against the mixed USD ahead of the outcome of U.S CPI data which is due on Thursday. Last week, the U.S issued weaker NFP data which signals for less hawkish Fed monetary stance & hence, may remain supportive for gold late on. Globally, the Fitch downgraded the U.S economy from AAA to AA+ on account of economic slowdown which dragged down the commodities. Optimism over Chinese stimulus aid will remain vital for gold prices. As seen in the chart, the Gold is trading near Fibo level 23.6 & hence, either side breakout can be suggested for the day.