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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 inched up to 3012 and 27116 respectively at the time of writing.
On the economic front, Canada’s Core Retail Sales for July is scheduled to be released later today at 8:30 a.m. ET. Sales are expected to rise by 0.2% on a month-on-month basis.
European equities were trading slightly higher on Friday afternoon. In the Cash Markets, the FTSE 100 and the CAC 40 added 0.14% and 0.32% respectively at the time of writing.
On the data front, German PPI (MoM) for August released earlier today came in at -0.5%. The index change was below the market expectation of a fall of 0.2%
Asia-Pacific stocks closed in Positive territory on the last trading day of the week. The ASX 200 added 0.20% to close at 6,730.80. The Nikkei 225 inched up 0.16% to close at 22,079.09. The Shanghai Composite rose 0.24% to finish its trading day at 3,006.45.
On the interest rate front, the Chinese central bank cut its 1-year loan prime rate by 5 basis points to 4.2% on Friday. It was the second month in a row that the central bank cut its new one-year benchmark lending rate. The People’s Bank of China, however, kept its 5-year loan prime rate unchanged at 4.85%.
On the economic front, Japan’s National Core CPI (YoY) for August released earlier today came in at 0.5%. The index change was in line with market expectations.
US Dollar Index futures inched up 0.10% to 98.00 at the time of writing. The Pound rose against the dollar today on optimism that Britain and the European Union will avoid a disorderly Brexit on 31st October.
In the Commodity Markets, Gold and Silver inched up to 1501.16 and 17.773 respectively at the time of writing. In news related to commodity markets, crude prices rose today on fresh tensions in the Middle East after a key Saudi Arabian Supply hub was knocked out in an attack on 14th September.
In the Cryptocurrency Markets, Bitcoin and Ethereum rose to 10,168.11 and 218.42 respectively at the time of writing. In news related to the Cryptocurrency markets, the U.S. House Financial Services Committee is planning to question the Securities and Exchange Commission about cryptocurrencies and Facebook’s Libra project on 24th September, according to a notice on the House of Representatives’ website.
TRADE SUGGESTION- STOP SELL AT 1.24940 TAKE PROFIT AT 1.24640 STOP LOSS AT 1.25090
TRADE SUGGESTION- STOP BUY AT 107.940 TAKE PROFIT AT 108.120 STOP LOSS AT 107.850
TRADE SUGGESTION- LIMIT BUY AT 1.32650 TAKE PROFIT AT 1.32850 STOP LOSS AT 1.32550
TRADE SUGGESTION- STOP SELL AT 0.67880 TAKE PROFIT AT 0.67680 STOP LOSS AT 0.67980
BRENT CRUDE D1
TRADE SUGGESTION- STOP BUY AT 64.70 TAKE PROFIT AT 65.35 STOP LOSS AT 64.37
NATURAL GAS D1
TRADE SUGGESTION- STOP BUY AT 2.553 TAKE PROFIT AT 2.583 STOP LOSS AT 2.538
DJ EURO STOXX 50
DJ EURO STOXX 50 D1
TRADE SUGGESTION- LIMIT BUY AT 3550 TAKE PROFIT AT 3564 STOP LOSS AT 3543
DAX 30 D1
TRADE SUGGESTION- LIMIT BUY AT 12443 TAKE PROFIT 12477 AT STOP LOSS AT 12426