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Daily Briefing- US Futures Lower Ahead Of US NFP Data

ByAvaTrade
AuthorAvaTrade
Published 04/01/2016, 06:18 AM
Updated 02/02/2022, 05:40 AM
IT40
-0.48%
JP225
-2.26%
VIX
-6.03%

Currencies

  • EUR/USD: The pair has broken its resistance zone of 1.1377-1.1344 on a 4 hour time frame. The next support is near the 1.1058 level and the resistance is at 1.1493.

  • USD/JPY: The pair has broken is consolidating in a sideway pattern on a 4 hour time frame. The near term support is at 110.11 and the resistance is at 114.83.

  • GBP/USD: The pair is trading above its 50 (1.4244) and 100 (1.4279) day moving averages on a 4 hour time frame. The next resistance is at 1.4845 and the support is 1.4220.

Indicators

Capture

Indices

  • Asian markets closed mostly lower on the final trading day of the week. The Nikkei index was the worst performer during the session and it closed lower with a loss of 3.55%.

  • European futures are trading lower during the early hours of trading. The FTSE MIB index is trading lower with a loss of 1.37%.

  • The US markets are trading lower ahead of the US NFP data. The NASDAQ index was the best performer on the last trading day with a gain of 0.01%.

Top News

  • The UK nationwide HP m/m data came in at 0.8% while the previous reading was at 0.4%.

  • The Spanish manufacturing PMI data came in at 53.4 in contrast to the forecast of 53.8.

Market Sentiment

  • Crude Oil: The black gold is trading below the 100 day (38.90) and the 50 day (39.54) moving averages on a 4 hour time frame. The next support is near the 35.84 and the resistance is 41.90.

  • Gold: The precious metal has broken its 100 day moving average (1240.52) towards the downide on a 4 hour time frame. The next resistance is at 1260 and the support is at 1195.

  • The VIX index popped by 2.88% during the last session.

Trend

by Naeem Aslam

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