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Futures on major US indices were trading mixed at the time of writing. Nasdaq 100 and S&P 500 futures inched up to 10027 and 3046 respectively at the time of writing.

On the economic front, CB Consumer Confidence for June is scheduled to be released today at 10 am ET. The index reading is expected to rise to 91.8 from 86.6 in the previous month.

European equities were trading mostly lower on Tuesday morning. In the Cash Markets, the FTSE 100 and the CAC 40 were down 1.19% and 0.73% respectively at the time of writing.

On the data front, the final estimate of the UK GDP for the first quarter was released on Tuesday. The QoQ rate of change in the GDP was -2.2%. The GDP was below the market expectation of a fall of 2.0%.

Asia-Pacific markets closed in positive territory on Tuesday. The ASX 200 index rose 1.43% to close at 5,897.90. The Nikkei 225 added 1.33% to close at 22,288.14. The Kospi index inched up 0.71% to finish its trading day at 2,108.33.

On the economic front, China’s Manufacturing PMI for June released earlier today came in at 50.9. The Manufacturing PMI was above the consensus estimates of 50.4.

US Dollar Index futures inched up 0.19% to 97.58 at the time of writing. Safe-haven currencies dropped today as hopes of an economic turnaround lifted riskier assets. The pound fell today after the UK PM promised a Rooseveltian boost to public spending.

In the Commodity Markets, Silver rose to 17.920 and Gold edged down to 1769.60 at the time of writing. In news related to commodity markets, crude prices fell today as investors booked profits and Libya’s state oil company flagged progress on talks to resume exports. Gold prices were on track for its best quarter in more than four years, as concerns over increasing cases of the COVID-19 and its economic fallout increased the bullion’s demand.

In the Cryptocurrency Markets, Bitcoin and Ethereum rose to 9143.97 and 224.89 respectively at the time of writing. In news related to the cryptocurrency markets, prices of major cryptocurrencies were trading mostly higher on Tuesday morning. Bitcoin’s market capitalization rose to $168.42B at the time of writing.

 

TECHNICAL SUMMARY

 

GBP/USD

GBP/USD D1

TRADE SUGGESTION- LIMIT SELL AT 1.22800 TAKE PROFIT AT 1.22300 STOP LOSS AT 1.23000

 

USD/JPY

USD/JPY D1

TRADE SUGGESTION-  LIMIT BUY AT 107.700 TAKE PROFIT AT 108.100 STOP LOSS AT 107.500

 

EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- LIMIT BUY AT 120.600 TAKE PROFIT AT 121.000 STOP LOSS AT 120.400

 

AUD/USD

AUD/USD D1

TRADE SUGGESTION- LIMIT SELL AT 0.68680 TAKE PROFIT AT 0.68410 STOP LOSS AT 0.68810

 

NATURAL GAS

NATURAL GAS D1

TRADE SUGGESTION- STOP BUY AT 1.750 TAKE PROFIT AT 1.786 STOP LOSS AT 1.732

 

SILVER

SILVER D1

TRADE SUGGESTION- LIMIT BUY AT 17.800 TAKE PROFIT AT 18.100 STOP LOSS AT 17.650

 

NASDAQ 100

NASDAQ 100 D1

TRADE SUGGESTION-  STOP BUY AT 9980 TAKE PROFIT AT 10080 STOP LOSS AT 9930

 

DOW JONES

DOW JONES D1

TRADE SUGGESTION- LIMIT SELL AT 25420 TAKE PROFIT AT 25020 STOP LOSS AT 25620