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Futures on major US indices were trading in positive territory at the time of writing. Nasdaq 100 and S&P 500 futures inched up to 7388 and 2851 respectively at the time of writing.

The Federal Reserve will hold a two-day policy review meeting beginning later today. No change in policy is expected and Interest rates are expected to hold at 2.5%. The decision will be announced on Wednesday at 2 p.m. ET.

On the economic front, Factory Orders for January are scheduled to be released today at 10 am ET. Orders are expected to rise by 0.3% on a MoM basis.

European equities were trading higher on Tuesday morning. In the Cash Markets, the FTSE 100 and the CAC 40 inched up 0.66% and 0.46% respectively at the time of writing.

On the data front, U.K. Claimant Count Change for February released earlier today came in at 27K-above the market expectation of 13.1K.

Asia-Pacific markets closed slightly lower on Tuesday. The Nikkei 225 declined 0.08% to finish the trading day at 21,566.85. The Shanghai Composite slipped 0.18% to close at 3,090.98. The ASX 200 closed fractionally lower at 6,184.80.

The Reserve Bank of Australia’s March policy meeting minutes released earlier today showed it noted that trade tensions “remained a continued source of uncertainty for the global outlook.”

The pound edged higher today due to broad dollar weakness against its rivals as investors waited cautiously for developments on Brexit negotiations with less than two weeks before the U.K. is due to leave the European Union. The yen rose on Tuesday, benefiting from a U.S. dollar hit by concern over the U.S. economy and expectations that the Federal Reserve will prove accommodative at a meeting this week.

In the Commodity Markets, Silver and Gold inched up to 15.325 and 1306.89 respectively at the time of writing. In news related to commodity markets, Gold prices rose today on expectations that the U.S. Federal Reserve will maintain a dovish tone at its policy meeting this week.

In the Cryptocurrency Markets, Bitcoin and Ethereum inched up to 3967.12 and 137.13 respectively at the time of writing. In news related to the cryptocurrency markets, Japanese financial regulators have reportedly introduced new regulations for cryptocurrency margin trading, local news agency Nikkei reported on March 18. The Cabinet of Japan has reportedly approved draft amendments to Japan’s financial instruments and payment services laws, limiting leverage in cryptocurrency margin trading at two to four times the initial deposit.

 

                                     TECHNICAL SUMMARY

 

EUR/USD

EUR/USD D1

TRADE SUGGESTION- STOP BUY AT 1.13570 TAKE PROFIT AT 1.13770 STOP LOSS AT 1.13470

 

USD/JPY

USD/JPY D1

TRADE SUGGESTION- LIMIT SELL AT 111.275 TAKE PROFIT AT 111.075 STOP LOSS AT 111.375

 

EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- STOP BUY AT 126.300 TAKE PROFIT AT 126.500 STOP LOSS AT 126.200

 

AUD/USD

AUD/USD D1

TRADE SUGGESTION-STOP SELL AT 0.70970 TAKE PROFIT AT 0.70770 STOP LOSS AT 0.71070

 

BRENT CRUDE

BRENT CRUDE D1

TRADE SUGGESTION- LIMIT BUY AT 67.90 TAKE PROFIT AT 68.40 STOP LOSS AT 67.65

 

SILVER

SILVER D1

TRADE SUGGESTION- LIMIT BUY AT 15.290 TAKE PROFIT AT 15.360 STOP LOSS AT 15.260

 

NASDAQ 100

NASDAQ 100

TRADE SUGGESTION- LIMIT BUY AT 7380 TAKE PROFIT AT 7410 STOP LOSS AT 7365

 

DAX 30

DAX 30 D1

TRADE SUGGESTION- LIMIT BUY AT 11765 TAKE PROFIT AT 11815 STOP LOSS AT 11740