Currencies
Indices
1230AM GMT
CAD- Core Retail Sales m/m
2245PM GMT
NZD- Trade Balance
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
- EUR/USD- the pair has broken the ascending triangle to the upside on a 30 minute time frame. The RSI shows that the bias could be to the downside.
- USD/JPY- the pair has broken the upward trend line on a 30 minute time frame. However, the RSI shows bias could be to the upside.
- GBP/USD- the pair has broken its resistance level on a 30 minute time frame as predicted in our analysis yesterday. The price is trading above the 50 day and 100 day moving averages which confirms that the upward trend is still in play. .
Indices
- Asian Markets closed strongly up today by recovering their losses from yesterday. The Hang Seng index gained nearly 2.33% and was the best performing index during the Asian session.
- European stocks are also trading up during the early hours of trading today. The IBEX is the best performing index and it is up by almost 1.36%.
- US Indices closed once gain in another record territory on Friday. The Nasdaq was the best performer yesterday and closed with a gain of 0.35%
- Beijing has confirmed today that the country will fine tune their policies which will boost the growth in the country.
- Germany has released a statement in which Angela Markel said that she is committed to keep the Europe whole, Bloomberg reported
- UK’s finance minister will explain his plan that how the government will guarantee the risker mortgages.
- Do not let your emotions to take over your trading decision, as such will lead you in a disaster situation.
- Gold has finally taken its resistance level of $1300 which we have mentioned throughout last week. The bias could still be to the upside with next resistance near the $1340-1350 level.
- Oil- The black gold also fell from its resistance of $109-110 and the bias could still be towards the downside for further correction.
- VIX- Volatility index dropped by -2.10%.
1230AM GMT
CAD- Core Retail Sales m/m
2245PM GMT
NZD- Trade Balance
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