Daily Briefing
Currencies
- EUR/USD: The pair has broken its inverted triangle pattern on a 30 minute time frame. The next resistance is at 1.15 and the support is at 1.10.
- USD/JPY: The pair is moving in a side way pattern on a 30 minute time frame. The next support is at 117.23 and resistance at 118.83.
- GBP/USD: The pair has broken out of a reverse head and shoulder pattern on a 30 minute time frame. The resistance is near the 1.5747and support is at 1.4793.
Indices
- Asian Markets closed mostly higher by recovering some of their losses from yesterday. The Nikkei index is the best performing index during the session and it closed higher with a gain of 0.16%. The index is down nearly by 5.16% in the past 5 days.
- European stock futures are trading lower during the early hours of trading. The IBEX index is the worst performing index during the session and it is trading lower with a loss of 1.14%. The index is up by almost 6.39% in the past 5 days.
- US Indices futures are trading lower ahead of the FOMC statement. Most indices closed lower during the last session and the NASDAQ index was the worst performer with a loss of 1.90%.
TOP News
- Apple (NASDAQ:AAPL) has reported a record quarter yesterday and have sold 74.5 million iPhones.
- Greek stocks are being constantly punished and is at its 2012 low, as the debate between the new government and its creditors moving towards the boiling point with no solution in sight.
- Apple new watch is coming in April, which could be as famous as the iPhones.
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Things to Remember
Stops are there to protect you, so make sure to use them.
Market Sentiment
- Gold: The precious metal is forming a reverse head and shoulder pattern on a 30 minute time frame. The price is trading above its upward trend line. The next support is near the 1272 and the next resistance is near the 1330.
- Crude Oil: The black gold has formed a descending triangle pattern on a 30 minute time frame. The near term support is at the $43.0 mark and the resistance is at 50.
- VIX: Volatility index dropped nearly 10.95% on the last trading day.
News Agenda For Today
15:30 GMT
USD – Crude Oil Inventories
19:00 GMT
USD – Federal Funds Rate
19:00 GMT
USD – FOMC Statement
20:00 GMT
NZD– Official Cash Rate
20:00 GMT
NZD– RBNZ Rate Statement
21:45 GMT
NZD – Trade Balance
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.