Currencies
- EUR/USD: This pair is trading in a downward channel on 4 hour time frame. The next support is near the 1.0528 level and the resistance is 1.0899.
- USD/JPY: The pair has formed an ascending triangle pattern on a 4 hour time frame. The near term support is at 122.20 and the resistance is at 12.52.
- GBP/USD: The pair is trading below its downward trend line on a 4 hour time frame.The next resistance is near 1.5405 and the support is 1.5009.
Indicators
Indices
- Asian markets closed lower by adding to their losses on top of yesterday. The Shanghai index is the worst performer during the session and it is trading lower with a loss of 1.02%. The index is down 1.99% nearly during the past 5 sessions.
- European Futures are trading lower during the early hours of trading. The FTSE MIB index is trading lower with a loss of 1.01%. The index is down by nearly 1.57% over the past five sessions.
- The US futures are trading lower ahead of the FOMC meeting minutes. The S&P Index was the worst performer yesterday with a loss of 0.66%.
Top News
- The Australian wage price index data came in at 0.6% which matched the forecast.
- E- cigarette sales rapidly lose their charm as sales have fallen sharply.
Market Sentiment
- Crude Oil: The black gold has crossed the 50 day moving average towards the upside on 30 minute time frame. The next support is near the 41.22 and the resistance is 44.26.
- Gold: The precious metal has tumbled and the support of 1050 is very much under the focus on a 4 hour time frame. The next resistance is at 1100.
- The VIX index added 3.74% during the last session.
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or
remove ads
.
Top Economic data
13:30 GMT
USD – Building Permits
15:30 GMT
USD – Crude Oil Inventories
Trends
Disclosure & 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.
by Naeem Aslam