Currencies
08:30 GMT
- EUR/USD- the pair is trading within the symmetrical triangle on a 30 minute time frame. The price has broken its downward trend line.
- USD/JPY- the price action is trading within the symmetrical triangle on a 30 minute time frame. The RSI shows bias could be towards the upside.
- GBP/USD- the price is trading within the symmetrical triangle on a 30 minute time frame. The RSI suggests bias could be towards the downside.
- Asian Markets closed mixed today, weighed by losses occurred on Wall Street yesterday. The Hang Seng was the worst performer among Asian markets, which closed with a loss of 0.40%
- European stocks are also trading mixed at the open today. The IBEX 35 is leading the losses and is down by almost -0.58%.
- U.S. Indices snapped a winning streak on Wall Street, and closed with some mild losses. The S&P500 was the worst performer, closing with a loss of 0.09%
- Rating agency Fitch confirmed today that slower growth in the U.S and in the Europe may affect their ratings negatively.
- Moody also echoed similar idea for the U.S., and confirmed that if the nation does not control its debt loan by 2013, a downgrade in its rating could be on cards.
- Death toll increased to 90 after a natural disaster hit Oklahoma.
- Never move your stops in a losing position
- Gold gathered a strong momentum after forming a double bottom on a 30 minute time frame which we tweeted as the price formed this pattern.
- Oil- The black gold is trading with its resistance level, and the growth sentiment remains mild.
- VIX- Volatility index increased by 4.75% yesterday.
08:30 GMT
GBP – CPI y/y
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