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Futures on major US indices were trading in positive territory at the time of writing. Nasdaq 100 and Dow Jones futures inched up to 7951.25 and 26971 respectively at the time of writing.

In major news overnight, Federal Open Market Committee minutes from its last meeting released on Wednesday showed that some policymakers felt there was not yet a strong case for easing.

On the economic front, U.S. Core CPI for June is scheduled to be released today at 8:30 a.m. ET. The Core CPI is expected to rise by 0.2% on a month-on-month basis.

European equities were trading around the flatline on Thursday morning. In the Cash Markets, the CAC 40 edged up 0.01% and the FTSE 100 dropped 0.09% at the time of writing.

U.S. President Donald Trump administration said on Wednesday that it would investigate whether France’s planned digital services tax is an unfair trade practice that targets American technology giants.

On the data front, the German CPI (MoM) for June released earlier today came in at 0.3%. The CPI growth was in line with market expectations.

Asia-Pacific stocks mostly closed in positive territory on Thursday. The ASX 200 added 0.39% to close at 6,716.10. The Nikkei 225 advanced 0.51% to finish its trading day at 21,643.53. The Shanghai Composite edged up 0.08% to close at 2,917.76.

On the economic front, the Japanese Tertiary Industry Index (MoM) for May released earlier today came in at -0.2%. The index change was below the consensus estimates of a fall of 0.1%.

US Dollar Index futures inched down 0.18% to 96.56 at the time of writing. The pound gained today due to broad-based dollar weakness, though traders remained cautious about the currency’s outlook on growing economic headwinds and political fears.

In the Commodity Markets, Gold and Silver inched down to 1414.21 and 15.148 respectively at the time of writing. In news related to commodity markets, crude prices touched a six-week high today as oil rigs in the Gulf of Mexico were evacuated ahead of a storm.

In the Cryptocurrency Markets, Bitcoin and Ethereum fell to 11,720.04 and 272.74 respectively at the time of writing. In news related to the cryptocurrency markets, Bitcoin prices plunged more than 10% today as markets appeared to react to criticism of Facebook’s Libra from the Fed Chief.

 

TECHNICAL SUMMARY

 

EUR/USD

EUR/USD D1

TRADE SUGGESTION- STOP BUY AT 1.12760 TAKE PROFIT AT 1.12960 STOP LOSS AT 1.12660

 

USD/JPY

USD/JPY D1

TRADE SUGGESTION- STOP SELL AT 108.075 TAKE PROFIT AT 107.925 STOP LOSS AT 108.145

 

USD/CAD

USD/CAD D1

TRADE SUGGESTION- LIMIT SELL AT 1.30580 TAKE PROFIT AT 1.30350 STOP LOSS AT 1.30680

 

AUD/USD

AUD/USD D1

TRADE SUGGESTION- STOP BUY AT 0.69790 TAKE PROFIT AT 0.69940 STOP LOSS AT 0.69720

 

BRENT CRUDE

BRENT CRUDE D1

TRADE SUGGESTION- LIMIT BUY AT 67.10 TAKE PROFIT AT 67.80 STOP LOSS AT 66.80

 

SILVER

SILVER D1

TRADE SUGGESTION- LIMIT BUY AT 15.200 TAKE PROFIT AT 15.270 STOP LOSS AT 15.170

 

NASDAQ 100

NASDAQ 100 D1

TRADE SUGGESTION- LIMIT BUY AT 7941 TAKE PROFIT AT 7971 STOP LOSS AT 7926

 

DAX 30

DAX 30 D1

TRADE SUGGESTION- LIMIT SELL AT 12339 TAKE PROFIT 12301 AT STOP LOSS AT 12358