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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 rose to 2874 and 25806 respectively at the time of writing.

In major news overnight, the yield on the 30-year Treasury bond fell to a record low on Thursday. The yield on the 30-year Treasury bond declined to 1.941% for the first time ever on the previous day.

On the economic front, U.S. Building Permits for July is scheduled to be released today at 8:30 a.m. ET. Permits are expected to rise to 1.270M from 1.232M in the previous month.

European equities were trading higher on Friday morning. In the Cash Markets, the DAX 30 and the CAC 40 gained 0.94% and 1.05% respectively at the time of writing.

On the data front, Eurozone Trade Balance for June released earlier today came in at 20.6B. Trade Balance was above the market expectation of 16.3B.

Asia-Pacific stocks closed mixed on the last trading day of the week. The Shanghai Composite inched up 0.29% to finish its trading day at 2,823.82. The Nikkei 225 added 0.064% to close at 20,418.81. On the other hand, the ASX 200 dropped 0.041% to close at 6,405.50.

The Chinese central bank earlier today set the official midpoint reference for the Yuan at 7.0312 per dollar. It was weaker than the market expectation of 7.0306 per dollar.

US Dollar Index futures edged up 0.11% to 98.12 at the time of writing. The pound rose today after a stream of resilient economic data this week calmed sentiment on the health of the British economy and as opposition parties launched plans to block a no-deal Brexit.

In the Commodity Markets, Gold and Silver inched down to 1514.02 and 17.148 respectively at the time of writing. In news related to commodity markets, crude prices gained today after a surge in U.S. retail sales eased concerns about a recession in the world’s top economy.

In the Cryptocurrency Markets, Bitcoin rose to 10,180.16 and Ethereum inched down to 184.39 at the time of writing. In news related to the Cryptocurrency markets, the CEO of major Cryptocurrency exchange Binance has predicted that the company will resume crypto-to-fiat operations in the U.S. within the next two months. Previously in June, the exchange said that it would be temporarily restricting services in the United States to open a new division to operate with Financial Crimes Enforcement Network Approval.

 

TECHNICAL SUMMARY

 

GBP/USD

GBP/USD D1

TRADE SUGGESTION- STOP BUY AT 1.20560 TAKE PROFIT AT 1.20860 STOP LOSS AT 1.20410

 

EUR/USD

EUR/ USD D1

TRADE SUGGESTION- STOP SELL AT 1.10810 TAKE PROFIT AT 1.10530 STOP LOSS AT 1.10950

 

USD/CAD

USD/CAD D1

TRADE SUGGESTION- STOP BUY AT 1.32960 TAKE PROFIT AT 1.33160 STOP LOSS AT 1.32860

 

AUD/USD

AUD/USD D1

TRADE SUGGESTION- LIMIT SELL AT 0.67860 TAKE PROFIT AT 0.67640 STOP LOSS AT 0.67970

 

BRENT CRUDE

BRENT CRUDE D1

TRADE SUGGESTION- STOP SELL AT 58.95 TAKE PROFIT AT 58.25 STOP LOSS AT 59.30

 

SILVER

SILVER D1

TRADE SUGGESTION- LIMIT SELL AT 17.170 TAKE PROFIT AT 17.070 STOP LOSS AT 17.220

 

CAC 40

CAC 40 D1

TRADE SUGGESTION- LIMIT SELL AT 5280 TAKE PROFIT AT 5315 STOP LOSS AT 5262

 

DAX 30

DAX 30 D1

TRADE SUGGESTION- LIMIT BUY AT 11500 TAKE PROFIT 11560 AT STOP LOSS AT 11470