USD/CHF is trading at 0.89146, 0.12% down since previous day close. The selling pressure can be observed in safe-haven currencies on Thursday amid mixed US Dollar over uncertain FOMC monetary outlook in upcoming meeting & ongoing U.S-China trade woes. Earlier, the weaker Chinese & European Services PMI figures affected the positive global sentiments & hence, the major currencies slid down. The Swiss nations’ GDP rate failed to show any major kind of changes while the traders will be eying the result of Foreign Currency Reserves data which is to be issued today. As seen in the chart, the pair crossed over MA (100) & may test the next resistance of MA (200) if selling continued in CHF against the USD.

CHNIND is trading at 6333, 0.02% down since previous day close. The Chinese shares traded on lower side after U.S imposes export restrictions on China’s tech companies which aggravated the tensions between both the countries. Also, the Chinese Trade Balance data showed a fall in exports as compared to imports to 488B from 576B in the previous month. Earlier, the country posted weaker than expected Services PMI figures which remained suppressive for CHNIND. Uncertain Fed monetary outlook in the upcoming meeting of September remains vital for indices. As seen in the chart, the index is trading above the short-term Moving Averages of period 10 & 20 which indicates a make-or-break situation on daily basis.

WTI Oil is trading at $87.18, 0.06% up since previous day close. The Oil prices edges higher post release of U.S American Petroleum Institute (API) report which showed a drop-down in Oil stocks level by 5.521 mbpd against the expected fall of 1.429 mbpd. This signals for lower storage & supplies against the steady demand across the globe. On Wednesday, the Saudi Arabia & Russia announced their Oil output cuts plan of 1 million bpd & 300,000 bpd respectively until year-end. This widely cushioned the prices. The result of U.S EIA report will remain into focus for the day. As seen in the chart, the Oil crossed over the major resistance levels of previous high & hence, buying bias may be initiated for the day.