Daily Briefing
Currencies
- EUR/USD: The pair is moving in a side way 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 trading below its downward trend line on a 30 minute time frame. The next support is at 117.14 and resistance at 119.16.
- GBP/USD: The pair is trading above its upward trend line on a 30 minute time frame. The resistance is near the 153.51 and support is at 1.4942.
Indices
- Asian Markets closed mostly flat on the final trading of the week. The Hang Seng index is the best performing index during the session and it closed higher with a gain of 0.03%. The index is down nearly by 0.50% in the past 5 days.
- European stock futures are trading mixed during the early hours of trading. The DAX index is the worst performing index during the session and it is trading lower with a loss of 0.08.%. The index is down by almost 2.66% in the past 5 days.
- US Indices futures are trading lower ahead of the US JOLTS data. Most indices closed lower during the last session and the S&P 500 index was the worst performer with a loss of 0.41%.
TOP News
- The Chinese CPI fell further this morning with the reading of 0.8%
- The Swiss unemployment data came in at 3.1% while the forecast was for 3.2%
- The French industrial production data printed a strong reading this morning. The data came in at 3.1%
Things to Remember Stops are there to protect you, so make sure to use them. Market Sentiment
- Gold: The precious metal has bounced from its support zone of 1228-1225 on a 4 hour time frame. The next support is near the 1200 and the next resistance is near the 1270.
- Crude Oil: The black gold has broken its downward trend line and it is trading above its upward trend line on a 30 minute time frame. The near term support is at the $46.0 mark and the resistance is at 55.10.
- VIX: Volatility index increased nearly 7.29% on the last trading day.
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.