Currencies
EUR/USD – moved up and broke through the resistance around the 1.12 level after good manufacturing PMI data out of Germany and the Eurozone.
USD/JPY – keeps moving up but will first have to deal with the resistance around the 101.26 level.
GBP/USD – with the UK initiating Article 50 beginning 2017 and comments that the exit from the EU could be within 2 years is adding further pressure on the GBP and we can see that we have reached the lowest level in over a month. A further drop and we will get to the lowest levels in the aftermath of the Brexit vote.
USD/CAD – after having reached the support around the 1.30 level on Thursday, we are trading again above the resistance at the 1.312 level. This comes after to moves, first in response to the weak Canadian data and further by the renewed drop in oil prices.
Indices
DAX 30 – we can clearly see that the downwards trend line is still holding firm and is having a hard time to cross this level.
S&P 500 – was not able to base itself above the resistance around the 2167 level, as also the energy sector dropped again on reduces expectation that the OPEC meeting will result in any agreement.
Commodities
Gold – is once again testing the support around the 1332 level. We can clearly see that this level is important, even when we zoom in on the 1 hour chart.
Oil – traded up for most of the day as it was reported that Saudi Arabia was willing to cut production by 1 mbpd if Iran freezes at its current levels. However, the likelihood of this happening was erased fairly quickly as this is something Iran is unlikely to do before reaching its stated output goal of 4 mbpd. More pessimism came after Saudi Arabia stated that it does not expect a deal and sees the current meeting more as a consultation session.
Commodities
Apple (NASDAQ:AAPL) – dropped midday as apparently sale of its new iPhone 7 outside the US is weak than expected.
Twitter – jumped by well over 20% on reports that it is getting closer to a deal to be sold, possible to Google (NASDAQ:GOOGL).