Currencies
Indices
- EUR/USD- the pair has formed a descending triangle pattern on a 30 minute time frame. The price has broken the upward trend line , which shows a weakness in the price.
- USD/JPY- the price is approaching a resistance zone on a 30 minute time frame. The pair is trading above the 50 and 100 day moving averages, showing that the bulls have taken control.
- GBP/USD- the pair has formed a descending triangle pattern on a 30 minute time frame. The RSI shows that bias could be to the downside in the short to medium term.
Indices
- Asian Markets started the week on a positive note and closed strongly up today. The Nikkei 225 index soared by 4.94% and was the best performing index during the Asian session.
- European stocks are trading mixed during the early hours of trading. The IBEX 35 is best performing index and is up by almost 0.46%.
- U.S. Indices closed sharply higher on Friday. The Dow Jones was the best performer, closing with a gain of 1.38%
- 23 Billion Yuan of sovereign bonds offered by the Chinese Government will hit the market this year, Bloomberg reported.
- The daily average contracts traded on the stock exchange for the Nikkei 225 soared to 153,000, which is the highest volume since 2000.
- It is widely believed by analysts that Germany’s court will not interfere with the European Central Bank’s plan to buy bonds of struggling countries, Bloomberg reported
- Stops are your biggest friends, so embrace them rather than hate them.
- Gold firmly below the $1400 and the price action has finally broken towards the downside. However, there is a support near the 1370 level, which could push the price back up.
- Oil- The black gold is trading above the $95 level and the uptrend for Crude oil remains strong, as the price is above the 50-and 100-day moving averages.
- VIX- Volatility index dropped by -8.96% on Friday.
No News
Trend
DISCLOSURE & DISCLAIMER:
The above is for informational purposes only and NOT to be construed as specific trading advice. responsibility for trade decisions is solely with the reader.
by Naeem Aslam