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Futures on major US indices were trading in positive territory at the time of writing. Dow Jones and S&P 500 futures inched up to 24407 and 2944 respectively at the time of writing.

On the earnings front, Alibaba and Tsakos Energy are scheduled to release their quarterly results before the market open on Friday.

On the economic front, Canada’s Retail Sales data for March is scheduled to be released today at 8:30 am ET. Retail Sales are expected to fall by 10.0% on a month-on-month basis.

European equities were trading slightly lower on Friday morning. In the Cash Markets, the CAC 40 and the DAX 30 were up 0.45% each at the time of writing.

On the data front, UK’s Retail Sales (MoM) for April released earlier today came in at -18.1%. Retail Sales were below the consensus estimates of a fall of 16.0%.

Asia-Pacific markets closed in negative territory on the last trading day of the week. The ASX 200 dropped 0.96% to close at 5,497.00. The Shanghai Composite fell 1.89% to finish its trading day at 2,813.77. The Nikkei 225 declined 0.8% to close at 20,388.16.

On the Interest-rate front, the Bank of Japan maintained its short-term interest rate target at -0.1% and a pledge to guide a 10-year government bond yield around 0% on Friday. The BoJ also unveiled a lending program to channel about $280 billion to small businesses hit by the China-linked virus.

On the data front, Japan’s National Core CPI (YoY) for April released earlier today came in at -0.2%. Core CPI was below the market expectation of a fall of 0.1%.

US Dollar Index futures inched up 0.42% to 99.81 at the time of writing. The US dollar advanced today after Sino-US tensions boosted demand for safe-haven currencies.

In the Commodity Markets, Silver inched down to 17.030 and Gold rose to 1733.39 at the time of writing. In news related to commodity markets, crude prices dropped today as tensions increased between Beijing and Washington, and doubts grew about the pace of demand recovery from the pneumonia-causing virus crisis.

In the Cryptocurrency Markets, Bitcoin and Ethereum fell to 9,166.42 and 202.90 respectively at the time of writing. In news related to the cryptocurrency markets, prices of major cryptocurrencies were trading lower on Friday morning. Bitcoin’s market capitalization fell to $168.51B at the time of writing.

 

TECHNICAL SUMMARY

 

EUR/USD

EUR/USD D1

TRADE SUGGESTION- STOP SELL AT 1.08950 TAKE PROFIT AT 1.08550 STOP LOSS AT 1.09150

 

USD/JPY

USD/JPY D1

TRADE SUGGESTION- LIMIT SELL AT 107.560 TAKE PROFIT AT 107.160 STOP LOSS AT 107.760

 

EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- LIMIT SELL AT 117.200 TAKE PROFIT AT 116.800 STOP LOSS AT 117.400

 

AUD/USD

AUD/USD D1

TRADE SUGGESTION- STOP SELL AT 0.65200 TAKE PROFIT AT 0.64940 STOP LOSS AT 0.65330

 

NATURAL GAS

NATURAL GAS D1

TRADE SUGGESTION- STOP BUY AT 1.690 TAKE PROFIT AT 1.726 STOP LOSS AT 1.672

 

SILVER

SILVER D1

TRADE SUGGESTION- STOP BUY AT 17.000 TAKE PROFIT AT 17.300 STOP LOSS AT 16.850

 

NASDAQ 100

NASDAQ 100 D1

TRADE SUGGESTION- LIMIY BUY AT 9330 TAKE PROFIT AT 9430 STOP LOSS AT 9280

 

DOW JONES

DOW JONES D1

TRADE SUGGESTION- LIMIT BUY AT 24350 TAKE PROFIT AT 24750 STOP LOSS AT 24150