Daily Briefing
Currencies
- EUR/USD: The pair is trading near the support zone (1.0732-1.0711) on a 30 minute time frame. The next resistance is at 1.108 and the support is at 1.071.
- USD/JPY: The pair is trading above its upward trend line on a 30 minute time frame. The next support is at 118.38 and resistance at 121.18
- GBP/USD: The pair is trading below its downward trend line on a 30 minute time frame. The resistance is near the 1.4846 and support is at 1.4526
Indicator
Indices
- Asian Markets closed mostly higher on the first trading day of the week. The Hang Seng index is the best performing index during the session and it closed higher with a gain of 2.25%. The index is up nearly by 10.36% in the past 5 days.
- European indices futures are trading lower during the early hours of trading. The CAC 40 index is the worst performing index during the session and it is trading lower with a loss of 0.26%. The index is up by almost 3.05% in the past 5 days.
- US futures are also trading lower ahead of the federal budget balance data. Most indices closed higher during the last session and the Dow Jones 30 index was the best performer with a gain of 0.55%.
TOP News
- The Chinese trade balance data printed another disappointing reading this morning. The print came in at 3.1B while the forecast was for 43.4B
- Apple (NASDAQ:AAPL) watch sells out fast
Things to Remember
Stop loss is your biggest friend so make sure you use it
Market Sentiment
- Gold: The precious metal is making higher highs on a 30 minute time frame. The next support is near the 1180 and the next resistance is near the 1240.
- Crude Oil: The black gold has spiked up on a 30 minute time frame. The near term support is at the $51.50 mark and the resistance is at 54.
- VIX: Volatility index dropped nearly -3.90% on the last trading day.
News Agenda For Today
23:00 GMT
NZD – NZIER Business Confidence
Trends
