Currencies
- EUR/USD: The pair is trading above its upward trend line on a 4 hour time frame. The next support is near the 1.0883 level and the resistance is 1.1387.
- USD/JPY: The pair is trading below its downward trend line on a 4 hour time frame. The near term support is at 113.79 and the resistance is at 118.25.
- GBP/USD: The pair is trading below its downward trend line on a 4 hour time frame. The next resistance is near 1.4726 and the support is 1.4369.
Indicators
Indices
- Asian markets closed mostly lower by erasing some of their gains from yesterday. The Nikkei index was the worst performer during the session and it closed lower with a loss of 5.41%. The index is down by 9.53% during the past 5 sessions.
- European futures are trading higher during the early hours of trading. The FTSE MIB index is trading higher with a gain of 0.10%. The index is down by nearly 3.58% over the past five sessions.
- The US futures are trading higher ahead of the JOLTS job data. The Nasdaq index was the worst performer on the last trading day with a loss of 1.81%.
Top News
- The Japanese M2 money supply data came in at 3.2% while the forecast was for 3.1%.
- The UK BRC retaisl sales monitor y/y data came in at 2.6% while the previous reading was at 0.1%.
Market Sentiment
- Crude Oil: The black gold is trading below its downward trend line on a 60 minute time frame. The next support is near the 27.87 and the resistance is 34.
- Gold: The precious metal is trading above its upward trend line on a 4 hour time frame. The next resistance is at 1210 and the support is at 1180.
- The VIX index increased by 11.21% during the last session.
Top Economic data
No News
Trends
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