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Futures on major US indices were trading in negative territory at the time of writing. S&P 500 and Nasdaq 100 futures inched down to 2878.8 and 7485.50 respectively at the time of writing.

On the economic front, Core CPI for May is scheduled to be released today at 8:30 am ET. The CPI is expected to rise by 0.2% on an MoM basis.

European equities were trading lower on Wednesday morning. In the Cash Markets, the CAC 40 and the DAX 30 fell 0.90% and 0.65% respectively at the time of writing.

According to market sources, eurozone deputy finance ministers supported the European Commission’s view that disciplinary action is warranted against Italy over its rising debt.

On the data front, French Non-Farm Payrolls (QoQ) for the first quarter released earlier today came in at 0.4%. Payrolls were above the market expectation of 0.3%.

Asia-Pacific stocks closed in negative territory on Wednesday. The Shanghai Composite fell 0.56% to end the trading day at 2,909.38. The Nikkei 225 inched down 0.35% to close at 21,129.72. The ASX 200 closed slightly lower at 6543.70 on Wednesday.

On the economic front, the Chinese CPI (YoY) for May released earlier today came in at 2.7%. It was its fastest pace since February 2018 and was in line with the market expectation. In addition, the Chinese PPI for May also out today, rose 0.6% year-on-year and met analyst expectations.

US Dollar Index futures edged up 0.02% to 96.65 at the time of writing. The pound gained today after U.K.’s main opposition party said it would try to introduce parliamentary legislation to prevent a no-deal Brexit.

In the Commodity Markets, Gold and Silver rose to 1332.77 and 14.745 respectively at the time of writing. In news related to commodity markets, crude prices fell today due to a weaker demand outlook and a rise in U.S. crude inventories despite expectations of extended supply cuts led by the OPEC.

In the Cryptocurrency Markets, Bitcoin and Ethereum rose to 8013.63 and 249.99 respectively at the time of writing. In news related to the cryptocurrency markets, the crypto market was trading mixed on Wednesday morning. The total market capitalization of the cryptocurrencies dropped to $253.1 billion from $254.3 billion a day earlier.

 

TECHNICAL SUMMARY

 

GBP/USD

GBP/USD D1

TRADE SUGGESTION- STOP BUY AT 1.27440 TAKE PROFIT AT 1.27670 STOP LOSS AT 1.27340

 

USD/JPY

USD/JPY D1

TRADE SUGGESTION- LIMIT SELL AT 108.360 TAKE PROFIT AT 108.210 STOP LOSS AT 108.440

 

EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- LIMIT SELL AT 122.720 TAKE PROFIT AT 122.540 STOP LOSS AT 122.820

 

AUD/USD

AUD/USD D1

TRADE SUGGESTION- LIMIT BUY AT 0.69430 TAKE PROFIT AT 0.69630 STOP LOSS AT 0.69330

 

NATURAL GAS

NATURAL GAS D1

TRADE SUGGESTION- LIMIT BUY AT 2.379 TAKE PROFIT AT 2.403 STOP LOSS AT 2.369

 

SILVER

SILVER D1

TRADE SUGGESTION- LIMIT BUY AT 14.725 TAKE PROFIT AT 14.790 STOP LOSS AT 14.695

 

NASDAQ 100

NASDAQ 100 D1

TRADE SUGGESTION- LIMIT SELL AT 7488 TAKE PROFIT AT 7458 STOP LOSS AT 7503

 

CAC 40

CAC 40 D1

TRADE SUGGESTION- LIMIT SELL AT 5365 TAKE PROFIT AT 5345 STOP LOSS AT 5375