Currencies
Indices
09:00 GMT
- EUR/USD- the pair has broken its downward trend line. The RSI is showing that the bias could be to the upside.
- USD/JPY- the price fell from its resistance level on a 30 minute time frame. This resistance level was given in our analysis on Friday. The RSI is showing bias could be to the downside.
- GBP/USD- the price action has bounced from its support zone. The RSI suggests bias could be towards the upside.
Indices
- Asian Markets closed mixed. The Japan’s Nikkei built up further gains in the early hours of trading, but these gains were capped by a stronger yen later on during the session. The Nikkei index closed with a minor loss of 0.16%
- European stocks are returning to log further gains, ahead of an important economic data release. The FTSE MIB is leading the gains and is up by almost 0.61%.
- U.S. Indices logged another day of gain on Monday. The S&P500 recorded its another record close and finished the day with a gain of 0.02%
- European officials finished their meeting on a positive note, by approving the first emergency aid payment for Cyprus and Greece .
- David Cameron, British Prime Minister confirmed that he will back a bill authorizing the referendum by 2017 to decide Britain’s future in the EU
- The Yen came back from its four years low against the dollar.
- You can be wrong in trading and you will be but, you cannot afford to be stubborn.
- Gold has made a comeback on the back of a weaker dollar on Tuesday after three continuous down sessions.
- Oil - The black gold is in a sideways pattern on a 30 minute time frame.
- VIX - Volatility index dropped by -0.32% yesterday.
09:00 GMT
EUR – German ZEW Economic Sentiment
Earnings
- Intesa
- Banc pop
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