USD/CHF is trading at 0.89142 , 0.04% up since previous day close. The Swiss Franc appreciated post release of upbeat Trade Balance data which showed a rise in surplus by 4.53B versus 3.14B in the previous month. This indicates moderate recovery in manufacturing & industrial activities in economy. The traders will be looking forward to the result of Credit Suisse Economic Expectations data which is to be released today. The steady USD amid ongoing corporate earnings season & ahead of the Fed meet with an expectation of 25bps interest rate hike stance makes other currencies slightly positive. As seen in the chart, the pair is trading within the channel pattern & hence, buying in CHF may be suggested against the USD on daily basis.

AUS200 is trading at 7325, 0.06% up since previous day close. The Asian shares seems to be trading slightly on higher side amid resurging U.S markets post release of robust corporate result of Microsoft & Alphabet, the two major tech companies. Globally, the traders remain cautious over upcoming FOMC meeting which is to be held in the month of May with a hope of 25bps rate hike stance. On data front, the Australia’s CPI rate grew by 1.4% higher than expectation 1.3% which turned out to be slightly positive for AUS200. As seen in the chart, although the index is trading sideways yet it is consistently sustaining the short-term Moving Averages of period 10 & 20. Buying bias on corrective dips may be seen for the day in AUS200.

Silver is trading at $24.965, 0.08% down since previous close. The Silver slid down in the previous session however, the mixed trading can be seen in today’s session against the soft USD. Uncertainty towards interest rate hike in next meeting with a concern over cutting down inflationary pressure remain significant for precious metals. Earlier, the U.S issued CPI rate which grew by 0.1% lower than expected figure of 0.2%; turned out to be positive for Silver & negative for USD. The result of Advance GDP data will remain vital for commodities. The outcome of Chinese CB Leading Index will be closely monitored today. Slight buying bias may be recommended for the day in Silver.