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The main focal point of the global markets on Thursday is the Federal Reserve’s Interest rate decision which is scheduled to be released at 2 pm ET today. The Federal Reserve is expected to keep interest rates on hold at 2.25% but signal further tightening in December.

Futures on major US indices were trading in the Negative territory at the time of writing. Nasdaq 100 and S&P 500 futures inched down to 7166 and 2802.25 respectively at the time of writing.

On the data front, Initial Jobless Claims are scheduled to be released today at 8:30 am ET. Jobless claims are expected to come in at 213K.

European stocks were trading in the Positive territory on Thursday morning. The pan-European Stoxx 600 inched up more than 0.4% in the morning with almost every sector in the green. Travel and leisure outperformed its peers, up by 1.4%, on the back of positive earnings. Sodexo rose nearly 7% after presenting its full-year results, becoming one of the top gainers on Thursday.

Asia-Pacific markets closed broadly positive on Thursday. Bucking the overall trend, the Shanghai Composite closed lower by 0.22%. The Nikkei 225 advanced 1.82% for the day. The ASX 200 inched up 0.53% with the energy stocks gaining 0.49% for the day.

US Dollar Index futures inched up 0.10% to 96.08 at the time of writing. The dollar rose on Thursday, pulling further away from 2-1/2 week lows hit on Wednesday, as the market breathed a sigh of relief after the U.S. midterm elections and as investors turned their attention toward the Federal Reserve policy meeting.

In the Commodity Markets, Gold inched down to 1221.70 and Silver fell to 14.410 respectively at the time of writing. In news related to commodity markets, Crude prices rose on Thursday, recovering modestly from this week’s three-week lows, after record Chinese crude imports soothed some concern that demand in the world’s largest commodity buyer may be flagging just as global supply is rising.

In the Cryptocurrency Markets, Ethereum and Bitcoin fell to 206.46 and 6484.20 respectively at the time of writing. In news related to the cryptocurrency markets, Poloniex announced on Tuesday that it will be the first cryptocurrency exchange to offer trading for the pending bitcoin cash (BCH) hard fork amid an ongoing debate over the technology’s roadmap.

 

TECHNICAL SUMMARY

 

EUR/USD

EUR/USD D1

TRADE SUGGESTION- STOP BUY AT 1.14080 TAKE PROFIT AT 1.14280  STOP LOSS AT 1.13980

 

USD/JPY

USD/JPY D1

TRADE SUGGESTION-STOP SELL AT 113.630 TAKE PROFIT AT 113.430  STOP LOSS AT 113.730

 

NATURAL GAS

NATURAL GAS D1

TRADE SUGGESTION-STOP SELL AT 3.505 TAKE PROFIT AT 3.465  STOP LOSS AT 3.535

 

S&P 500

S&P 500 D1

TRADE SUGGESTION-STOP SELL AT 2808 TAKE PROFIT AT 2778  STOP LOSS AT 2823