CurrenciesEUR/USD: The pair has broken its resistance zone of 1.1377-1.1344 on a 4 hour time frame. The next support is near the 1.1058 level and the resistance is at 1.1493.
USD/JPY: The pair has broken is consolidating in a sideway pattern on a 4 hour time frame. The near term support is at 110.11 and the resistance is at 114.83.
GBP/USD: The pair is trading above its 50 (1.4244) and 100 (1.4279) day moving averages on a 4 hour time frame. The next resistance is at 1.4845 and the support is 1.4220.
EUR/USD: The pair has broken its resistance zone of 1.1377-1.1344 on a 4 hour time frame. The next support is near the 1.1058 level and the resistance is at 1.1493.
USD/JPY: The pair has broken is consolidating in a sideway pattern on a 4 hour time frame. The near term support is at 110.11 and the resistance is at 114.83.
GBP/USD: The pair is trading above its 50 (1.4244) and 100 (1.4279) day moving averages on a 4 hour time frame. The next resistance is at 1.4845 and the support is 1.4220.
Indicators
Indices
Asian markets closed mostly lower on the final trading day of the week. The Nikkei index was the worst performer during the session and it closed lower with a loss of 3.55%.
European futures are trading lower during the early hours of trading. The FTSE MIB index is trading lower with a loss of 1.37%.
The US markets are trading lower ahead of the US NFP data. The NASDAQ index was the best performer on the last trading day with a gain of 0.01%.
Top News
The UK nationwide HP m/m data came in at 0.8% while the previous reading was at 0.4%.
The Spanish manufacturing PMI data came in at 53.4 in contrast to the forecast of 53.8.
Market Sentiment
Crude Oil: The black gold is trading below the 100 day (38.90) and the 50 day (39.54) moving averages on a 4 hour time frame. The next support is near the 35.84 and the resistance is 41.90.
Gold: The precious metal has broken its 100 day moving average (1240.52) towards the downide on a 4 hour time frame. The next resistance is at 1260 and the support is at 1195.
The VIX index popped by 2.88% during the last session.
by Naeem Aslam