Currencies-
EUR/USD: The pair is trading above its 50 day moving average (1.1296) on a 4 hour time frame. The next support is near the 1.1058 level and the resistance is at 1.1427.
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USD/JPY: The pair is trading in support zone of 109.15 -108.72 on a 4 hour time frame. The near term support is at 107.64 and the resistance is at 112.74.
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GBP/USD: The pair is trading above its 50 (1.4416) and 100 (1.4290) day moving averages on a 4 hour time frame. The next resistance is at 1.4845 and the support is 1.4220.
Indicators
EUR/USD: The pair is trading above its 50 day moving average (1.1296) on a 4 hour time frame. The next support is near the 1.1058 level and the resistance is at 1.1427.
USD/JPY: The pair is trading in support zone of 109.15 -108.72 on a 4 hour time frame. The near term support is at 107.64 and the resistance is at 112.74.
GBP/USD: The pair is trading above its 50 (1.4416) and 100 (1.4290) day moving averages on a 4 hour time frame. The next resistance is at 1.4845 and the support is 1.4220.
Indices
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Asian markets closed mostly lower on the final trading day of the week.. The Nikkei index was the worst performer during the session and it closed lower with a loss of 3.51%.
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European futures are trading lower during the early hours of trading. The CAC40 index is trading lower with a loss of 0.37%.
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The US markets are trading higher ahead of the advance GDP q/q data. The S&P500 index was the best performer on the last trading day with a gain of 0.16%.
Top News
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The Australian import prices q/q data came in at -3.0% while the previous reading was at -0.3%.
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The Bank of Japan has kept its monetary policy unchanged.
Market Sentiment
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Crude Oil: The black gold is trading above the upward trend line on a 4 hour time frame. The next support is near the 42.55 and the resistance is 48.91.
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Gold: The precious metal has broken its 50 day moving average (1242.61) towards the upside on a 4 hour time frame. The next resistance is at 1270 and the support is at 1231.
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The VIX index dropped by 1.36% during the last session.
by Naeem Aslam