USD/CHF is trading at 0.93558, 0.08% up since previous day close. The safe haven currencies seem to be appreciating against the soft USD ahead of the U.S Fed Powell testifying speech wherein some focus will be showcased on future monetary policy stance. Also, the outcome of key U.S NFP data later in this week will remain significant for overall market instruments. The Swiss nations’ Retail sales dropped by 2.2% as expected while the Manufacturing PMI contracted to 48.9 much below the expectation 50.4. The traders will be looking forward to the result of CPI data release today. Wait & watch strategy may be adopted for the day in USD/CHF since the pair is trading at make or break point.

AUS200 is trading at 7293.3, 0.11% up since previous close. The Asian shares surges up in early trade on Monday; gulping the lower Chinese GDP forecast over this weekend. The strong global cues amid steady USD ahead of U.S Fed Powell speech & U.S Non-farm Payroll data release later in this week. Last week, the China posted better than expected PMI figures & few U.S companies revealed better quarter earnings figures which turned positive for global markets. The traders will be monitoring the outcome of RBA meet on Tuesday with a rate hike expectation of 25bps. As seen in the chart, the INDIA50 took a strong support of long term MA (100) & may test the next resistance of previous highs. Buying on dips may be seen for the day in AUS200.

WTI Oil is trading at $79.02, 0.06% down since previous day close. The Oil prices retreated in early trade on Monday after China forecasted lower GDP rate for the year 2023 which may affect the demand of Oil since China is top Oil consuming country. Earlier, the prices tested almost $80 post release of U.S Baker Hughes report which showed a fall in Oil rig counts by 8 leading to 592 from 600 in the previous week. The result of U.S Fed Chair speech & U.S NFP figures will remain for Oil prices. The traders will be looking forward to API & EIA estimated for the week. As seen in the chart, the Oil is trading near upper trend-line of channel pattern which indicates make or break momentum on short to medium term basis.