EUR/USD is trading at 1.06648, 0.36% up since previous day close. The EURO strongly appreciated on Tuesday after ECB Chair Christine Lagarde hinted for chances of interest rate hike in the month of July. Earlier, the pair was trading weaker on rising inflationary concern globally, volatile Crude Oil prices & ongoing conflict between Ukraine & Russia. The result of Euro-zone Flash Manufacturing & Services PMI figures will remain in focus today. The pair may strengthen further if data comes out to be positive. As seen in the monthly chart, the pair EUR/USD seems to be trading on major support level of previous lows & also, the stochastic indicator is hovering sideways which clearly signals for buying bias on short to medium term basis.

Coffee is trading at $215.05, 0.02% up since previous day close. The Coffee prices seems to be trading in volatile zone amid changes in climatic conditions in Brazil which lowered down the production & supplies of beans; for Brazil is a major producer of Coffee. Besides this, the steady USD amid global cues led Brazilian Real (BRL) to trade on higher side which might remain bullish for Coffee prices as Brazilian farmers may fetch more profits while exporting the beans to U.S. Uncertain fed chances of raising interest rate in the next meeting will remain vital for Coffee prices. As seen in the chart, the Coffee is trading near MA (100) which indicates make or break situation on short term basis.

AUS200 is trading at 7138, 0.09% up since previous day close. The Asian shares seem to be trading on higher side following the global peers amid improvement in market sentiments. On Monday, the news spurred in that U.S President Joe Biden is considering easing tariffs on Chinese imports which cushioned the overall markets. The country’s PMI data release showed slightly weaker figures which failed to create any major impact on AUS200. Earlier, the index slid down on an account of worsening Covid-19 situation China, Fed’s decision of raising interest rate by 50 bps & the rising tension between Russia & Ukraine. As seen in the chart, the AUS200 moved up from previous lows & is expected to show breakout if breaches MA (10) & MA (20) range.