Currencies
12:30 GMT
DISCLOSURE & DISCLAIMER:
- EUR/USD- the pair has bounced from its support on a 30 minute time frame. The RSI is showing that the bias could be to the upside.
- USD/JPY- the price is trading in a bullish channel on a 30 minute time frame. The RSI is showing bias could be to the downside.
- GBP/USD- the price action is trading in downward channel a 30 minute time frame. RSI suggests bias could be towards the upside.
- Asian Markets closed mostly up today. The Nikkei index took a breather from its record highs, and closed with a loss of -0.39%
- European stocks are also trading off their highs which they made yesterday. The IBEX is leading the losses and it is down by almost -0.37%.
- U.S. Indices logged another day of record gains yesterday. The S&P500 closed with a gain of 0.52%
- Japanese economic data released today showed that the country’s economy grew at an annualized rate of 3.5% per quarter.
- George Osborne confirmed yesterday that he is sticking to his budget consolidation plan for the British economy.
- The Economic Research Department in Ireland have increased their forecast for the country’s economic growth for this year.
- Never move your stops in a losing position.
- Gold has broken the key level of $1400 yesterday and it is trading below the 50 day and 100 day moving average.
- Oil - The black gold has broken the ascending triangle pattern to the downside on a 30 minute time frame. The demand for the crude oil remains low
- VIX - Volatility index increased by 0.31% yesterday.
12:30 GMT
USD - Building Permits
12:30 GMT
USD - Core CPI m/m
12:30 GMT
USD - Unemployment Claims
14:00 GMT
USD - Philly Fed Manufacturing Index
14:30 GMT
USD - Natural Gas Storage
Earnings
- Walmart
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