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For the 24 hours to 23:00 GMT, the USD declined 0.43% against the CHF and closed at 1.0049.

In economic news, Switzerland's producer and import price index declined 0.5% on an annual basis in January, higher than market expectations for a drop of 0.2%. The index had registered a rise of 0.6% in the prior month.

In the Asian session, at GMT0400, the pair is trading at 1.0053, with the USD trading slightly higher against the CHF from yesterday's close.

The pair is expected to find support at 1.0033, and a fall through could take it to the next support level of 1.0012. The pair is expected to find its first resistance at 1.0086, and a rise through could take it to the next resistance level of 1.0118.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, the USD rose 0.25% against the CAD and closed at 1.3295.

Data indicated that Canada's manufacturing shipments unexpectedly fell 1.3% on a monthly basis in December, confounding market consensus for an advance of 0.4%. In the previous month, manufacturing shipments had registered a revised drop of 1.7%. Meanwhile, the nation's new housing price index remained unchanged on a monthly basis in December, meeting market expectations and compared to a similar reading in the preceding month.

In the Asian session, at GMT0400, the pair is trading at 1.3303, with the USD trading 0.06% higher against the CAD from yesterday's close.

The pair is expected to find support at 1.3241, and a fall through could take it to the next support level of 1.3180. The pair is expected to find its first resistance at 1.3352, and a rise through could take it to the next resistance level of 1.3402.

Going ahead, investors would closely monitor Canada's existing home sales for January, slated to release later in the day.

The currency pair is trading above its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, the AUD rose 0.25% against the USD and closed at 0.7104.

LME Copper prices rose 1.0% or $58.5/MT to $6178.5/MT. Aluminium prices declined 0.6% or $11.0/MT to $1829.0/MT.

In the Asian session, at GMT0400, the pair is trading at 0.7092, with the AUD trading 0.17% lower against the USD from yesterday’s close.

Elsewhere in China, Australia’s largest trading partner, the consumer price index (CPI) rose 1.7% on an annual basis in January, compared to a rise of 1.9% in the prior month. Market had expected the CPI to record an unchanged reading. Furthermore, the nation’s producer price index (PPI) advanced 0.1% on a yearly basis in January, undershooting market consensus for a rise of 0.3%. In the preceding month, the PPI had registered a gain of 0.9%.

The pair is expected to find support at 0.7065, and a fall through could take it to the next support level of 0.7039. The pair is expected to find its first resistance at 0.7125, and a rise through could take it to the next resistance level of 0.7159.

Moving ahead, traders would await Australia’s CBA manufacturing and services PMIs and unemployment rate, set to release next week.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, Gold rose 0.44% against the USD and closed at USD1315.70 per ounce.

In the Asian session, at GMT0400, the pair is trading at 1315.40, with gold trading slightly lower against the USD from yesterday’s close.

The pair is expected to find support at 1307.60, and a fall through could take it to the next support level of 1299.80. The pair is expected to find its first resistance at 1320.30, and a rise through could take it to the next resistance level of 1325.20.

The yellow metal is trading above its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, Silver rose 0.16% against the USD and closed at USD15.59 per ounce.

In the Asian session, at GMT0400, the pair is trading at 15.54, with silver trading 0.29% lower against the USD from yesterday’s close.

The pair is expected to find support at 15.44, and a fall through could take it to the next support level of 15.34. The pair is expected to find its first resistance at 15.65, and a rise through could take it to the next resistance level of 15.75.

The white metal is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.

For the 24 hours to 23:00 GMT, Crude Oil rose 0.93% against the USD and closed at USD54.46 per barrel, amid expectations that the US will extend its deadline for implementing additional tariffs on Chinese goods.

In the Asian session, at GMT0400, the pair is trading at 54.63, with oil trading 0.31% higher against the USD from yesterday’s close, amid US sanctions against Venezuela and Iran and led by supply cuts by the Organisation of the Petroleum Exporting Countries.

The pair is expected to find support at 53.47, and a fall through could take it to the next support level of 52.31. The pair is expected to find its first resistance at 55.40, and a rise through could take it to the next resistance level of 56.17.

Crude oil is trading above its 20 Hr and 50 Hr moving averages.

Daily Pivots: (S1) 1.1260; (P) 1.1285; (R1) 1.1321; More.....

Intraday bias in EUR/USD remains neutral at this point and further decline is expected with 1.1341 resistance intact. On the downside, break of 1.1249 will target 1.1215 low first. Break will resume larger down trend from 1.2555 to 1.1186 fibonacci level. However, considering mild bullish convergence condition in 4 hour MACD, break of 1.1341 resistance will suggest short term bottoming. Intraday bias will be turned back to the upside to extend the consolidation from 1.1215 with another rising leg.

In the bigger picture, as long as 1.1814 resistance holds, down trend down trend from 1.2555 medium term top is still in progress and should target 61.8% retracement of 1.0339 (2017 low) to 1.2555 at 1.1186 next. Sustained break there will pave the way to retest 1.0339. However, break of 1.1814 will confirm completion of such down trend and turn medium term outlook bullish.

Daily Pivots: (S1) 1.2755; (P) 1.2816; (R1) 1.2860; More....

Intraday bias in GBP/USD remains on the downside as fall from 1.3217 is in progress. As noted before, we're holding on to the view that rebound from 1.2391 has completed at 1.3217 already, after rejection by 1.3174 key resistance. Further decline should be seen to retest 1.2391 low. On the upside, break of 1.2958 resistance is needed to be the first sign of short term bottoming. Otherwise, further decline is expected even in case of recovery.

In the bigger picture, the rejection by 1.3174 key resistance revived the original view on GBP/USD. That is, decline from 1.4376 is possibly resuming long term down trend from 2.1161 (2007 high). Firm break of 1.2391 will solidify this bearish case and target 1.1946 (2016 low). However, decisive break of 1.3174 will invalidate this bearish case again and turn outlook bullish.

Daily Pivots: (S1) 1.0030; (P) 1.0064; (R1) 1.0085; More....

Intraday bias in USD/CHF remains neutral from consolidation below 1.0098 temporary top. Further rally is expected as long as 0.9988 support holds. On the upside, above 1.0098 will target 1.0128 first. Break will confirm resumption of up trend from 0.9186. Next target will be 100% projection of 0.9541 to 1.0128 from 0.9716 at 1.0303. However, break of 0.9988 will indicate rejection by 1.0128 and turn intraday bias to the downside for 0.9716 support again.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9716 will dampen this bullish view and at least bring deeper fall to 0.9541 key support.

Daily Pivots: (S1) 110.26; (P) 110.69; (R1) 110.92; More...

USD/JPY's decline from 111.13 extends today but stays above 110.00 resistance turned support. Intraday bias remains neutral first. At this point, focus remains on whether USD/JPY could sustain above 61.8% retracement of 114.54 to 104.69 at 110.77. If yes, further rise could be seen back to 114.54 resistance. However, break of 110.00 will suggest that it's actually rejected after the rebound from 104.69 was skewed slightly upwards. In that case, the original bearish view will be revived and further fall should be seen through 108.49 support.

In the bigger picture, the stronger than expected rebound from 104.69 mixed up outlook. We'd turn neutral for now first. On the upside, firm break of 110.77 resistance will suggest that fall from 114.54 has completed at 104.69 already. Such decline is seen as a leg in the corrective pattern from 118.65, which might be finished too. Decisive break of 114.54 will confirm this case and target 118.65 and above. On the downside, break of 108.49 support will turn focus back to 104.62/9 support zone instead.