USD/CHF is trading at 0.88327, 0.06% up since previous day close. The mixed USD ahead of the release of U.S NFP data release due today turned out to be positive for safe haven instruments. However, uncertain Fed monetary outlook will remain vital for major currencies. On data front, the Swiss nations’ Retail Sales fell by 2.2% from 1.0% in the previous month whereas the KOF Economic Barometer rose to 91.1 against the expectation 90.9. The result of Manufacturing PMI will remain in to focus for the day. As seen in the chart, the pair USD/CHF is trading near upper trend-line of channel pattern as well as near the MA (100). These acts as major resistance zone; signaling for a reversal phase. Buying may be initiated in CHF against the USD for the day.

US30 is trading at  34843, 0.02% up since previous day close. The U.S markets trades flat to higher side up on Friday as traders remain cautious ahead of U.S NFP figures which will be out today. Also, the Chinese PBoC is to cut down its FX reserve requirement ratio which turned out to be supportive for market sentiments. The U.S Core PCE Price Index remained steady at 0.2% as expected & the Jobless Claims fell to 228K from 232K in the previous month. The focus will be on the result of ISM Manufacturing PMI figures due to be issued today. As seen in the chart, the index is trading within the bullish channel pattern & also, above the short-term Moving Averages. This indicates for a strong buying momentum on short to medium term basis.

WTI Oil is trading at $83.80, 0.32% up since previous day close. The Oil prices surges up on Friday after Russin Deputy Minister said that Moscow has reached a new deal OPEC+ peers to cut down the Oil supplies further & may announce more output cuts in next week. On Wednesday, the U.S issued Energy Information Administration (EAI) report which showed a fall in Oil inventory levels by 10.6 mbpd against the expected fall of 2.2 mbpd. This signaled for shortage in Oil supplies & hence, pushed up the prices. Besides this, the potential supply disruptions from Tropical Storm Idalia further supports the prices. Strong breakout may be observed in Oil if breaches the cluster resistance levels.