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Futures on major US indices were trading in positive territory at the time of writing. Nasdaq 100 and S&P 500 futures inched up to 6937.50 and 2713 respectively at the time of writing.

On the U.S.-China trade front, a new round of trade talks began in Beijing today with higher-level talks involving U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Thursday and Friday.

European equities were trading higher on Monday morning. In the Cash Markets, the CAC 40 and the DAX 30 were inched up 0.78% and 0.67% respectively at the time of writing.

On the data front, U.K. GDP (Preliminary reading) for the fourth quarter was released on Monday. The QoQ rate of change in the GDP was +0.2%. The GDP growth was below the market expectations. In addition, U.K. Manufacturing Production for December released earlier today came in at -0.7%. The Production change was below the consensus estimates.

Asia-Pacific markets ended mixed on Monday. The Shanghai Composite advanced 1.36% to close at 2,653.90. The ASX 200 inched down 0.18% with the heavily weighted financial subindex falling 1.15% on Monday. The Japanese share markets were closed on Monday for a public holiday.

The pound extended its fall today after data indicated that Britain’s economy last year grew at its slowest since 2012, with Brexit uncertainty hitting investment. The dollar rose on Monday as concerns grew that U.S.-China talks this week would not heal a rift over trade between the two countries.

In the Commodity Markets, Silver and Gold inched down to 15.640 and 1305.75 respectively at the time of writing. In news related to commodity markets, crude prices fell today as drilling activity in the U.S. picked up and a refinery fire in the U.S. state of Illinois resulted in the shutdown of a large crude distillation unit.

In the Cryptocurrency Markets, Bitcoin inched down to 3649.60 and Ethereum rose to 119.74 at the time of writing. In news related to the cryptocurrency markets, most cryptocurrency prices were little changed on Monday morning in Asia. Meanwhile, the saga surrounding Canadian major cryptocurrency exchange QuadrigaCX continued to develop over the weekend, as regulators got involved. On Feb. 8, Reuters reported that the Ontario Securities Commission started an investigation into the crypto exchange.

 

TECHNICAL SUMMARY

 

GBP/USD

GBP/USD D1

TRADE SUGGESTION- STOP SELL AT 1.29130 TAKE PROFIT AT 1.28930 STOP LOSS AT 1.29230

 

USD/JPY

USD/JPY D1

TRADE SUGGESTION- LIMIT BUY AT 110.100 TAKE PROFIT AT 110.300 STOP LOSS AT 110.000

 

EUR/JPY

EUR/JPY D1

TRADE SUGGESTION-LIMIT BUY AT 124.550 TAKE PROFIT AT 124.750 STOP LOSS AT 124.450

 

AUD/USD

AUD/USD D1

TRADE SUGGESTION-LIMIT SELL AT 0.70840 TAKE PROFIT AT 0.70640 STOP LOSS AT 0.70940

 

GOLD

GOLD D1

TRADE SUGGESTION- LIMIT SELL AT 1307 TAKE PROFIT AT 1303 STOP LOSS AT 1309

 

NATURAL GAS

NATURAL GAS D1

TRADE SUGGESTION- LIMIT BUY AT 2.670 TAKE PROFIT AT 2.710 STOP LOSS AT 2.650

 

S&P 500

S&P 500 D1

TRADE SUGGESTION- LIMIT BUY AT 2710 TAKE PROFIT AT 2730 STOP LOSS AT 2700

 

BTCUSD

BTCUSD D1

TRADE SUGGESTION- LIMIT BUY AT 3635 TAKE PROFIT AT 3715 STOP LOSS AT 3595