Currencies
- EUR/USD: This pair is trading below its 20 day moving average on a 4 hour time frame. The next support is near the 1.0635 level and the resistance is 1.1006.
- USD/JPY: The pair has formed a symmetrical triangle pattern on a 4 hour time frame. The near term support is at 119.55 and the resistance is at 122.82
- GBP/USD: The pair is trading below its downward trend line on a 4 hour time frame.The next resistance is near 1.5332 and the support is 1.4800.
Indicators
Indices
- Asian markets closed higher on the first trading day of the week. The Shanghai index is the best performer during the session and it closed higher with a gain of 1.76%. The index is up by 0.71% during the past 5 sessions.
- European markets are trading lower during the early hours of trading. The FTSE MIB index is trading higher with a gain of 0.30%. The index is down by nearly 3.79% over the past five sessions.
- The US futures are trading lower ahead of the EZ consumer confidence report. The DOW index was the worst performer on the last trading day with a loss of 2.10%.
Top News
- The NZD credit card spending came in at 8.5%while the previous reading was for 7.5%.
- The German PPI m/m data came in at -0.2% matching the forecast.
Market Sentiment
- Crude Oil: The black gold trading below its downward trend line on a 4 hour time frame. The next support is near the 31.13 and the resistance is 39.50.
- Gold: The precious metal is consolidating in a aside way pattern on a 4 hour time frame. The next resistance is at 1079 and the support is at 1045.
- The VIX index popped 9.29% during the last session.
Top Economic data
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Trends
