Futures on major US indices were trading in negative territory at the time of writing. S&P 500 and Dow Jones futures inched down to 2972.75 and 26815 respectively at the time of writing.
On the U.S.-China trade front, the U.S. Treasury Secretary said on Monday that the two economic powerhouses have a conceptual agreement on enforcement concerns.
On the economic front, U.S. JOLTs Job Openings for July are scheduled to be released later today at 10 am ET. Openings are expected to fall to 7.311M from 7.348M in the previous month.
European equities were trading lower on Tuesday morning. In the Cash Markets, the FTSE 100 edged up 0.10% and the CAC 40 lost 0.15% at the time of writing.
On the data front, French Industrial Production (MoM) for July released earlier today came in at 0.3%. The Production change was below the consensus estimates of a rise of 0.5%.
Asia-Pacific stocks closed mixed on Tuesday. The Shanghai Composite inched down 0.12% to close at 3,021.20. The ASX 200 declined 0.51% to finish its trading day at 6,614.10 on Tuesday. Bucking the trend, the Nikkei 225 added 0.35% to close at 21,392.10.
Official data released earlier today showed that Chinese producer prices dropped to their worst year-on-year contraction in three years. The Chinese PPI for August fell 0.8% on a year-on-year basis. The PPI change was, however, above the consensus estimates of a drop of 0.9%.
US Dollar Index futures edged up 0.14% to 98.39 at the time of writing. The yen dropped today as market participants looked for higher-risk currencies, emboldened by a report of German stimulus plans, weakening chances of a no-deal Brexit and hopes of a trade dispute breakthrough.
In the Commodity Markets, Gold and Silver inched down to 1493.49 and 17.899 respectively at the time of writing. In news related to commodity markets, crude prices advanced today on optimism that the OPEC and other producing countries may agree to extend output cuts to support prices.
In the Cryptocurrency Markets, Bitcoin and Ethereum fell to 10,229.20 and 181.59 respectively at the time of writing. In news related to the Cryptocurrency markets, Tether has launched its Chinese yuan-backed stablecoin, according to announcements on Monday. The stablecoin issuer also said that it will run on top of the Ethereum Blockchain as an ERC-20 token.
TECHNICAL SUMMARY
GBP/USD
GBP/USD D1
TRADE SUGGESTION- STOP BUY AT 1.23350 TAKE PROFIT AT 1.23630 STOP LOSS AT 1.23210
USD/JPY
USD/JPY D1
TRADE SUGGESTION- LIMIT BUY AT 107.320 TAKE PROFIT AT 107.500 STOP LOSS AT 107.230
USD/CAD
USD/CAD D1
TRADE SUGGESTION- STOP SELL AT 1.31750 TAKE PROFIT AT 1.31950 STOP LOSS AT 1.31650
AUD/USD
AUD/USD D1
TRADE SUGGESTION- LIMIT BUY AT 0.68515 TAKE PROFIT AT 0.68715 STOP LOSS AT 0.68415
BRENT CRUDE
BRENT CRUDE D1
TRADE SUGGESTION- STOP BUY AT 62.75 TAKE PROFIT AT 63.45 STOP LOSS AT 62.40
SILVER
SILVER D1
TRADE SUGGESTION- LIMIT BUY AT 17.850 TAKE PROFIT AT 17.920 STOP LOSS AT 17.815
DJ EURO STOXX 50
DJ EURO STOXX 50
TRADE SUGGESTION- LIMIT BUY AT 3490 TAKE PROFIT AT 3500 STOP LOSS AT 3485
DAX 30
DAX 30 D1
TRADE SUGGESTION- LIMIT BUY AT 12205 TAKE PROFIT 12245 AT STOP LOSS AT 12185
