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US Futures Higher Ahead Of Core Durable Data

Published 04/26/2016, 06:22 AM
Updated 02/02/2022, 05:40 AM

Currencies

  • EUR/USD: The pair is trading below its 50 day moving average (1.1291) on a 4 hour time frame. The next support is near the 1.1058 level and the resistance is at 1.1377.

  • USD/JPY: The pair is retracing back to its 20 day moving averages (110.60) on a 4 hour time frame. The near term support is at 107.63 and the resistance is at 113.82

  • GBP/USD: The pair is trading above its 50 (1.4315) and 100 (1.4243) day moving averages on a 4 hour time frame. The next resistance is at 1.4517 and the support is 1.4007.

Indicators
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Indices

  • Asian markets closed mostly lower by adding losses on top of yesterday. The Nikkei index was the worst performer during the session and it closed lower with a loss of 0.49%.

  • European futures are trading higher during the early hours of trading. The FTSE MIB index is trading higher with a gain of 1.52%.

  • The US markets are trading higher ahead of the core durable goods order data. The Dow index was the best performer on the last trading day with a loss of 0.18%.

Top News

  • BP (LON:BP) is surging 3.5% after beating on underlying earnings.

  • Saudi Armco valued at up to 2.5 trillion, according to Prince Mohammed Bin Salman.

Market Sentiment

  • Crude Oil: The black gold is trading above the 50 day (42.29) moving averages on a 4 hour time frame. The next support is near the 40.87 and the resistance is 45.91.

  • Gold: The precious metal is consolidating in a side way pattern on a 4 hour time frame. The next resistance is at 1260 and the support is at 1210.

  • The VIX index popped by 6.51% during the last session.

Top Economic data

09:00 GMT 15:00 GMT
EUR – German Ifo business Climate USD –New Homes Sales

Trends

Trend

by Naeem Aslam

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