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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 3303.20 and 29098 respectively at the time of writing.

On the U.S-China trade front, the U.S. President signed a partial trade deal with China on Wednesday, defusing an 18-month conflict that has hit global growth.

On the economic front, U.S. Initial Jobless Claims for the week ended 11th January is scheduled to be released today at 8:30 am ET. Claims are expected to rise to 216K from 214K in the previous week.

European equities were trading almost flat on Thursday morning. In the Cash Markets, the CAC 40 and the DAX 30 lost 0.01% and 0.20% respectively at the time of writing.

On the data front, German CPI (YoY) for December released earlier today came in at 1.5%. The CPI change was in line with market expectations.

Asia-Pacific stocks closed mixed on Thursday. The Nikkei 225 index edged up 0.07% to close at 23,933.13. The ASX 200 advanced 0.67% to close at 7,041.80. On the other hand, the Shanghai Composite fell 0.52% to finish its trading day at 3,074.08.

On the economic front, the Japanese Core Machinery Orders (YoY) for November released earlier today came in at 5.3%. Orders were above the consensus estimates of a fall of 5.4%.

US Dollar Index futures edged down 0.03% to 96.88 at the time of writing. Asian currencies rose today on hopes that the Sino-U.S. trade deal could herald warmer relations between the two countries and help to revive global growth.

In the Commodity Markets, Gold edged down to 1556.81 and Silver inched up to 17.970 at the time of writing. In news related to commodity markets, crude prices gained today after the signing of an initial U.S.-Chino deal, while U.S. crude stockpiles dropped more than expected. Gold prices dropped today as the Sino-U.S. trade deal optimism increased risk appetite, while concerns about tariffs and unresolved core issues remained.

In the Cryptocurrency Markets, Bitcoin and Ethereum fell to 8,634.23 and 161.51 respectively at the time of writing. In news related to the Cryptocurrency markets, prices of major cryptocurrencies were trading mostly lower on Thursday morning. Ethereum’s market capitalization fell to $17.57B at the time of writing.

 

TECHNICAL SUMMARY

 

GBP/USD

GBP/USD D1

TRADE SUGGESTION- STOP BUY AT 1.30520 TAKE PROFIT AT 1.30820 STOP LOSS AT 1.30370

 

NZD/USD

NZD/USD D1

TRADE SUGGESTION- STOP BUY AT 0.66440 TAKE PROFIT AT 0.66620 STOP LOSS AT 0.66350

 

USD/CAD

USD/CAD D1

TRADE SUGGESTION- LIMIT SELL AT 1.30390 TAKE PROFIT AT 1.30190 STOP LOSS AT 1.30490

 

AUD/USD

AUD/USD D1

TRADE SUGGESTION- STOP BUY AT 0.69180 TAKE PROFIT AT 0.69440 STOP LOSS AT 0.69050

 

NATURAL GAS

NATURAL GAS D1

TRADE SUGGESTION- STOP SELL AT 2.109 TAKE PROFIT AT 2.075 STOP LOSS AT 2.126

 

BRENT CRUDE

BRENT CRUDE D1

TRADE SUGGESTION- STOP SELL AT 64.36 TAKE PROFIT AT 63.76 STOP LOSS AT 64.66

 

DOW JONES

DOW JONES D1

TRADE SUGGESTION- LIMIT BUY AT 29075 TAKE PROFIT AT 29175 STOP LOSS AT 29025

 

NASDAQ 100

NASDAQ 100 D1

TRADE SUGGESTION- LIMIT BUY AT 9088 TAKE PROFIT AT 9128 STOP LOSS AT 9068