EUR/USD: The pair has broken its upward trend line on a 4 hour time frame. The next support is near the 1.1083 level and the resistance is 1.1487.
USD/JPY: The pair has broken its downward trend line on a 4 hour time frame. The near term support is at 109.60 and the resistance is at 115.83.
GBP/USD: The pair is trading in an upward channel on a 4 hour time frame. The next resistance is near 1.4726 and the support is 1.4369.
Asian markets closed mostly higher by adding to their gains from yesterday. The Shanghai index was the best performer during the session and it closed higher with a gain of 2.83%. The index is down by 9.53% during the past 5 sessions.
European futures are trading higher during the early hours of trading. The FTSE index is trading higher with a gain of 0.11%. The index is down by nearly 3.58% over the past five sessions.
The US markets are trading higher ahead of Empire State manufacturing data. The Dow index was the best performer on the last trading day with a gain of 1.96%.
The Chinese new loans data came in at 2510B in contrast to previous reading of 598B.
The Chinese money supply data came in at 14.0% while the previous reading was at 135%.
Crude Oil: The black gold has broken its downward trend line on a 4 hour time frame. The next support is near the 29.68 and the resistance is 33.46.
Gold: The precious metal has broken the critical level of 1200 on a 4 hour time frame. The next resistance is at 1234 and the support is at 1164.
The VIX index dropped by 9.74% during the last session.
Top Economic data
|09:30 GMT||10:00 GMT||13:30 GMT|
|GBP – CPI y/y||EUR – German ZEW Economic Sentiment||NZD – Manufacturing Sales m/m|