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Futures on major US indices were trading in positive territory at the time of writing. S&P 500 and Dow Jones futures inched up to 3324.50 and 29317 respectively at the time of writing.

In major news overnight, US Agriculture Secretary Sonny Predue announced that US farmers are expected to get a third and final part of trade war –related payments even though a trade deal with Beijing has been singed.

On the economic front, US Building Permits data for the December month is scheduled to release today. The Building Permits is expected to fall down to 1.468M

European equities were trading lower on Thursday morning. In the Cash Markets, the CAC 40 and the DAX 30 added 0.78% and 0.57% respectively at the time of writing.

On the data front, the British Retail Sales (MoM)for December released earlier today came in at -0.6%. The Retail Sales change was below the market expectations of 0.5%.

Asia-Pacific stocks closed mostly higher on Thursday. The Nikkei 225 rose 0.45% to finish its trading day at 24,041.80. The Shanghai Composite gained 0.05% to close at 3,075.50. The ASX 200 advanced 0.32% to close at 7,064.10.

On the economic front, the Chinese GDP (QoQ) (Q4) released earlier today came in at 1.5%. The GDP change for the fourth quarter was in line with the consensus estimates of 1.5%.

US Dollar Index futures edged up 0.16% to 97.215 at the time of writing. The dollar rose to 8-month high against yen on Thursday.

In the Commodity Markets, Gold and Silver rose to 1556.55 and 18.06 respectively at the time of writing. In news related to commodity markets, Crude prices steady as weeker growth in china offsets phase one deal optimism. Gold prices rises on Friday as investors are skeptical about whether the US and China can maintain this deal.

In the Cryptocurrency Markets, Bitcoin and Ethereum rose to 8943.1 and 170.98 respectively at the time of writing. In news related to the Cryptocurrency markets, one of the major crypto currency exchange Huobi joined hand with turkey based blockchain platform to cooperate with local player.

 

TECHNICAL SUMMARY

 

EUR/USD

EUR/USD D1

TRADE SUGGESTION- LIMIT BUY AT 1.1135 TAKE PROFIT AT 1.1175 STOP LOSS AT 1.1115

 

NZD/USD

NZD/USD D1

TRADE SUGGESTION- LIMIT BUY AT 0.6645 TAKE PROFIT AT 0.6675 STOP LOSS AT 0.6630

 

USD/CAD

USD/CAD D1

TRADE SUGGESTION- LIMIT BUY AT 1.3033 TAKE PROFIT AT 1.3053 STOP LOSS AT 1.3013

 

USD/NOK

USD/NOK D1

TRADE SUGGESTION- STOP BUY AT 8.8942 TAKE PROFIT AT 8.9042 STOP LOSS AT 8.8892

 

COFFEE

COFFEE D1

TRADE SUGGESTION- STOP BUY AT 112.20 TAKE PROFIT AT 113.50 STOP LOSS AT 111.50

 

SILVER

SILVER D1

TRADE SUGGESTION- LIMIT BUY AT 18.00 TAKE PROFIT AT 18.20 STOP LOSS AT 17.90

 

CAC 40

CAC 40 D1

TRADE SUGGESTION- LIMIT SELL AT 6090 TAKE PROFIT AT 6080 STOP LOSS AT 6095

 

DAX 30

DAX 30 D1

TRADE SUGGESTION- LIMIT BUY AT 13520 TAKE PROFIT 13580 AT STOP LOSS AT 13490