Currencies
- EUR/USD: This pair is trading in a downward channel on a 4 hour time frame. The next support is near the 1.0518 level and the resistance is 1.0899.
- USD/JPY: The pair is trading in downward channel pattern on a 4 hour time frame. The near term support is at 121.35 and the resistance is at 12.63.
- GBP/USD: The pair is trading above its 50 day moving average on a 4 hour time frame.The next resistance is near 1.5530 and the support is 1.4952.
Indicators
Indices
- Asian markets closed lower by erasing some of their losses from yesterday. The Hang Seng index is the worst performer during the session and it is trading lower with a loss of 0.40%. The index is up 0.66% nearly during the past 5 sessions.
- European Futures are trading higher during the early hours of trading. The FTSE 100 index is trading higher with a gain of 0.59%. The index is up by nearly 1.89% over the past five sessions.
- The US futures are trading higher ahead of the unemployment claims data. The S&P500 index was the best performer yesterday with a gain of 0.12%.
Top News
- The Australian construction work done q/q came in at -3.6% while the previous reading was at 2.1%.
- The BAE and SAIC will build marine troop carrier prototypes and more investment could be on the way as the UK increase its defense budget.
- France consumer confidence remain unchanged
Market Sentiment
- Crude Oil: The black gold is trading below its downward trend line on a 4 hour time frame. The next support is near the 40.40 and the resistance is 44.74.
- Gold: The precious metal is trading near its 50 day moving average on a 30 minute time frame. The next resistance is at 1078 and the support is at 1064.
- The VIX index added 1.98% during the last session.
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Top Economic data
13:30 GMT
USD– Core Durable Goods orders m/m
13:30 GMT
USD – Unemployment Claims
Trends
