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Futures on major US indices were trading mixed at the time of writing. Dow Jones and S&P 500 futures inched up to 25169 and 3008.12 respectively at the time of writing.

On the economic front, US Pending Home Sales for May is scheduled to be released today at 10 am ET. Home Sales are expected to rise by 19.7% on a month-on-month basis.

European equities were trading higher on Monday morning. In the Cash Markets, the DAX 30 and the CAC 40 were up 0.28% and 0.01% respectively at the time of writing.

On the data front, the Eurozone Consumer Confidence for June released earlier today came in at -14.7. Consumer Confidence was in line with market expectations.

Asia-Pacific markets closed in negative territory on the first trading day of the week. The ASX 200 index dropped 1.51% to close at 5,815. The Nikkei 225 declined 2.3% to close at 21,995.04. The Kospi index fell 1.93% to finish its trading day at 2,093.48.

On the economic front, Japan’s Retail Sales (YoY) for May released earlier today came in at -12.3%. Retail Sales were below the consensus estimates of a fall of 11.6%.

US Dollar Index futures edged down 0.01% to 97.36 at the time of writing. The US dollar rose today as a rise in COVID-19 infections and the re-imposition of curbs to halt its spread had traders worried that a global economic recovery could be derailed even before it had taken root.

In the Commodity Markets, Silver and Gold inched down to 17.720 and 1769.02 respectively at the time of writing. In news related to commodity markets, crude prices fell today as COVID-19 cases advanced in the US and other places, leading some nations to resume partial lockdowns that could drop oil demand. Gold gained today as concerns over a surge in coronavirus cases worldwide reduced optimism about a swift economic recovery, boosting demand for the bullion.

In the Cryptocurrency Markets, Bitcoin rose to 9065.62 and Ethereum fell to 222.98 at the time of writing. In news related to the cryptocurrency markets, prices of major cryptocurrencies were trading mostly higher on Monday morning. Bitcoin’s market capitalization rose to $166.97B at the time of writing.

 

                                            TECHNICAL SUMMARY

 

GBP/USD

GBP/USD D1

TRADE SUGGESTION- STOP SELL AT 1.23050 TAKE PROFIT AT 1.22550 STOP LOSS AT 1.23300

 

USD/JPY

USD/JPY D1

TRADE SUGGESTION-  STOP BUY AT 107.500 TAKE PROFIT AT 107.900 STOP LOSS AT 107.300

 

EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- LIMIT BUY AT 120.970 TAKE PROFIT AT 121.370 STOP LOSS AT 120.770

 

AUD/USD

AUD/USD D1                                                          

TRADE SUGGESTION- STOP SELL AT 0.68670 TAKE PROFIT AT 0.68400 STOP LOSS AT 0.68800

 

NATURAL GAS

NATURAL GAS D1

TRADE SUGGESTION- STOP BUY AT 1.640 TAKE PROFIT AT 1.676 STOP LOSS AT 1.622

 

SILVER

SILVER D1

TRADE SUGGESTION- LIMIT SELL AT 17.790 TAKE PROFIT AT 17.490 STOP LOSS AT 17.940

 

NASDAQ 100

NASDAQ 100 D1

TRADE SUGGESTION- LIMIT SELL AT 9770 TAKE PROFIT AT 9670 STOP LOSS AT 9820

 

DOW JONES

DOW JONES D1

TRADE SUGGESTION- LIMIT SELL AT 25150 TAKE PROFIT AT 24750 STOP LOSS AT 25350