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Futures on major US indices were trading in positive territory at the time of writing. S&P 500 and Dow Jones futures rose to 2918.55 and 26333 respectively at the time of writing.

On the economic front, the API reported late on Tuesday that U.S. crude inventories rose by 4.100 million barrels for the week ended October 04. Inventory data from the EIA will be released today at 10:30 a.m. ET. The EIA is expected to report a rise of 1.413 million barrels in US crude inventories for the week ended 04 October.

European equities were trading higher on Wednesday morning. In the Cash Markets, the FTSE 100 and the CAC 40 added 0.63% and 0.71% respectively at the time of writing.

Asia-Pacific stocks closed mixed on Wednesday. The Nikkei 225 lost 0.61% to close at 21,456.38. The ASX 200 declined 0.71% to close at 6,546.70. On the other hand, the Shanghai Composite inched up 0.39% to finish its trading day at 2,924.86.

On the data front, Westpac Consumer Confidence Change for October released earlier today came in at -5.5%. The index change was below the market expectation of a fall of 0.3%.

US Dollar Index futures edged down 0.09% to 98.71 at the time of writing. The U.S. dollar was flat today as hopes for a breakthrough in Sino-U.S. trade talks waned, sending traders into safe-haven assets. The Pound today remained near a month low on deepening uncertainty over Brexit.

In the Commodity Markets, Gold fell to 1501.46 and Silver inched up to 17.750 at the time of writing. In news related to commodity markets, crude prices declined today as tensions escalated between China and the U.S. ahead of this week’s trade talks, raising uncertainties for global economic growth and oil demand. Gold prices rose today as fading hopes for progress in Sino-U.S. trade talks hit risk appetite, while markets also awaited clues on monetary easing by the U.S. central bank.

In the Cryptocurrency Markets, Bitcoin edged down to 8,176.81 and Ethereum rose to 183.19 at the time of writing. In news related to the cryptocurrency markets, according to an official announcement published on Tuesday, UNICEF has launched a cryptocurrency fund to support open source technology benefiting children and young people around the world. UNICEF thus became the first U.N. organization to hold and make transactions in cryptocurrency, namely Ether and Bitcoin.

 

TECHNICAL SUMMARY

 

GBP/USD

GBP/USD D1             

TRADE SUGGESTION- STOP SELL AT 1.22250 TAKE PROFIT AT 1.21950 STOP LOSS AT 1.22400

 

NZD/USD

NZD/USD D1    

TRADE SUGGESTION- LIMIT BUY AT 0.63100 TAKE PROFIT AT 0.63260 STOP LOSS AT 0.63020

 

USD/CAD

USD/CAD D1

TRADE SUGGESTION- LIMIT SELL AT 1.33070 TAKE PROFIT AT 1.32870 STOP LOSS AT 1.33170

 

AUD/USD

AUD/USD D1

TRADE SUGGESTION- STOP BUY AT 0.67400 TAKE PROFIT AT 0.67600 STOP LOSS AT 0.67300

 

BRENT CRUDE

BRENT CRUDE D1

TRADE SUGGESTION- LIMIT BUY AT 58.60 TAKE PROFIT AT 59.30 STOP LOSS AT 58.25

 

SILVER

SILVER D1

TRADE SUGGESTION- STOP BUY AT 17.760 TAKE PROFIT AT 17.860 STOP LOSS AT 17.710

 

CAC 40

CAC 40 D1

TRADE SUGGESTION- STOP BUY AT 5485 TAKE PROFIT AT 5510 STOP LOSS AT 5472

 

DAX 30

DAX 30 D1

TRADE SUGGESTION- LIMIT BUY AT 12062 TAKE PROFIT 12112 AT STOP LOSS AT 12037