Currencies
- EUR/USD: The pair is trading below the 50 and 100 moving average on a 60 minute time frame. The next resistance is at 1.132 and the support is at 1.09.
- USD/JPY: The pair is consolidating in a side way pattern on a 60 minute time frame. The next resistance is at 123.31 and the support is at 118.58.
- GBP/USD: The pair is trading below the downward trend line on a 60 minute time frame. The resistance is near the 1.5505 and the next support is at 1.52.
Indicators
Indices
- Asian Markets closed lower by adding to losses on top of yesterday. The Hang Seng index was the worst performing index with a loss of 0.79% and over the last 5 days it is down by 0.74%.
- European futures are trading higher during the early hours of trading. The FTSE MIB index is the best performing index during the session and it is trading higher by 0.48%. The index is up nearly 3.60% nearly during the past five days.
- US futures are trading lower ahead of the GDP q/q. The NASDAQ index was the worst performer during the last session and it closed loss by 0.43%.
TOP News
- The Japanese – Tokyo core CPI data came in at -0.2% which matched the expectations.
- The Bank of Japan kept its monetary policy unchanged.
Things to Remember
Use your stops and manage the risk
Market Sentiment
- Crude Oil: The black gold has broken its downward trend line on a 60 minute time frame. The next support is at 40.06 and the resistance is at 48.41.
- Gold: The precious metal is trading below its 100 and 50 day moving average on a 60 minute time frame. The next support is at 1129 and the resistance is at 1162.
- The VIX index popped nearly 1.95% during the last session.
Top Economic data
12:30 GMT
USD – Employment Cost Index q/q
12:30 GMT
CAD – GDP m/m
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