Currencies
- EUR/USD: The pair is trading below its downward trend line on a 60 minute time frame. The next support is at 1.2811 and the next resistance is at 1.3113.
- USD/JPY: The pair is trading above its upward trend line on a 60 minute time frame. The next support is at 103.89 and resistance at 109.18
- GBP/USD: The pair is trading above its upward trend line on a 60 minute time frame. The resistance is near the 1.6560 and the support is at 1.6246.
Indices
- Asian Markets closed mostly lower on the first trading of the week. The Hang Seng was the worst performing index during the session and it closed lower with a loss of 1.23%. The index is down nearly by 2.35% in the past 5 days.
- European stock markets are trading lower during the early hours of trading. The IBEX 35 index is the worst performing index during the session and it is trading lower with a loss of 0.17%. The index is up by almost 1.04% in the past 5 days.
- US Indices futures are trading lower ahead of PPI data. Most indices closed lower on Friday and theNASDAQ index was the worst performer with a loss of 0.29%.
TOP News
- The US treasury secretary has said over the weekend that Japan and EU needs to do more to stimulate the global growth
- Death cross on Russell 2000 could topple the rally
- Tesco (LONDON:TSCO) has announced that it has overestimated its expected profit by 250 million pound.
Things to Remember
- Stops are your biggest friends so make sure use them.
Market Sentiment
- Gold: The precious metal is trading below its downward trend line on 60 minute time frame and the near term support is at 1200 while the resistance is at 1220.
- Crude Oil: The black gold is under tremendous selling pressure and the support of $90 is in focus. The resistance is at 94.
- VIX: Volatility index gained nearly 0.67% yesterday.
NEWS Agenda For Today
13:00 GMT: EUR – Draghi Speaks
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.