Daily Briefing
Currencies
- EUR/USD The pair is trading above its upward trend line on a 30 minute time frame. The next resistance is at 1.1211 and the support is at 1.089.
- USD/JPY: The pair is trading below its downward trend line on a 30 minute time frame. The next support is at 117 and resistance at 121.06
- GBP/USD: The pair is moving in a sideway pattern on a 30 minute time frame. The resistance is near the 1.5112 and support is at 1.4745
Indices
- Asian Markets closed mostly lower by erasing their gains from yesterday. The Nikkei 225 index is the worst performing index during the session and it closed lower with a loss of 1.39%. The index is up nearly by 2.02% in the past 5 days.
- European stock futures are trading lower during the early hours of trading. The DAX index is the worst performing index during the session and it is trading lower with a loss of 1.44%. The index is up by almost 0.84% in the past 5 days.
- US futures are also trading lower ahead of the unemployment data. Most indices closed lower during the last session and the NASDAQ index was the worst performer with a loss of 2.36%.
TOP News
- The German consumer confidence data came in at 10 while the forecast was for 9.7.
- Greece central bank’s governor wants to have more debt relief as the country is pinned by the ECB.
Things to Remember
Stop loss is your biggest friend so make sure you use it
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Market Sentiment
- Gold: The precious metal is trading above its upward trend line on a 30 minute time frame. The next support is near the 1140 and the next resistance is near the 1230.
- Crude Oil: The black gold is above its upward trend line on a 30 minute time frame. The near term support is at the $46.0 mark and the resistance is at 48.50.
- VIX: Volatility index gained nearly 13.36% on the last trading day.
News Agenda For Today
09:30 GMT
GBP – Retail Sales m/m
12:30 GMT
USD – Unemployment Claims
13:30 GMT
CAD – BOC Gov Poloz Speaks
14:30 GMT
USD – Natural Gas Storage
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.