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Futures on major US indices were trading in negative territory at the time of writing. Nasdaq 100 and S&P 500 futures inched down to 6607 and 2590 respectively at the time of writing.

On the data front, Core CPI for December is scheduled to be released today at 8:30 am ET. The CPI is expected to rise by 0.2% on a MoM basis. In addition, Baker Hughes Oil Rig Count for the week ended 11th January is also scheduled to be released today. The Oil Rig Count was 877 in the previous week.

European shares were traded slightly higher on Friday morning. The pan-European Stoxx 600 edged down 0.1% during early deals with almost every sector in Positive territory.

Asia-Pacific markets closed broadly higher on the last trading day of the week. The Shanghai Composite inched up 0.74% to close at 2553.83. The Nikkei 225 jumped around 1% to close at 20,359.70 on Friday. On the other hand, the ASX 200 inched down 0.36% to close at 5,774.60.

On the economic front, Australian Retail Sales (MoM) for November released earlier today came in at 0.4%. Sales growth was above the market expectation of 0.3%. In addition, Japanese Household Spending (MoM) for November also out today came in at 1.1%. It was above the consensus estimates of a growth of 0.2%.

The pound jumped on Friday after a newspaper report cited cabinet ministers as saying Britain could seek to delay its scheduled departure date from the European Union. The euro was headed on Friday for its biggest weekly rise in more than four months with the dollar weakening on cautious signals from the Federal Reserve about further rate hikes.

In the Commodity Markets, Gold and Silver rose to 1292.89 and 15.640 respectively at the time of writing. In news related to commodity markets, crude prices were on track for solid weekly gains today after stock markets were lifted by hopes the U.S. and China may soon resolve their trade disputes, and as OPEC-led crude output cuts started to tighten supply.

In the Cryptocurrency Markets, Ethereum fell to 116.63 and Bitcoin rose to 3660.10 at the time of writing. In news related to the cryptocurrency markets, Chinese internet censorship agency has approved a set of regulations on Thursday for blockchain service providers in the country that will take effect in mid-February.

 

TECHNICAL SUMMARY

 

GBP/USD

GBP/USD D1

TRADE SUGGESTION- STOP BUY AT 1.28200 TAKE PROFIT AT 1.28450  STOP LOSS AT 1.28100

 

USD/JPY

USD/JPY D1

TRADE SUGGESTION-LIMIT SELL AT 108.360 TAKE PROFIT AT 108.160  STOP LOSS AT 108.460

 

NATURAL GAS

NATURAL GAS D1

TRADE SUGGESTION-LIMIT BUY AT 3.010 TAKE PROFIT AT 3.090  STOP LOSS AT 2.970

 

CAC 40

CAC 40 D1

TRADE SUGGESTION-STOP SELL AT 4775 TAKE PROFIT AT 4735 STOP LOSS AT 4795