EUR/USD: The pair has broken out of the side way pattern towards the upside on a 4 hour time frame. The next support is near the 1.1083 level and the resistance is 1.1350.
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 has broken a wedge pattern towards the downside on a 4 hour time frame. The next resistance is near 1.4526 and the support is 1.4147.
Asian markets closed mostly higher by erasing some of their losses from yesterday. The Nikkei index was the best performer during the session and it closed higher with a gain of 2.28%. 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 0.10%. The index is down by nearly 3.58% over the past five sessions.
The US markets are trading higher ahead of the Philly Fed Manufacturing index data. The S&P index was the best performer on the last trading day with a gain of 1.65%.
The Australian unemployment rate data came in 6.0% at while the forecast was for 5.8%.
The Chinese CPI data came in at 1.8% and the previous reading was at 1.6%.
Crude Oil: The black gold is trading below its downward trend line on a 4 hour time frame. The next support is near the 26.02 and the resistance is 33.52.
Gold: The precious metal is trading below its downward trend line on a 4 hour time frame. The next resistance is at 1216 and the support is at 1180.
The VIX index dropped by 7.74% during the last session.
Top Economic data
|12:30 GMT||13:30 GMT||19:00 GMT|
|AUD – Australian employment change data | unemployment rate||USD – Philly Fed manufacturing index||FOMC Meeting Minutes | Unemployment claims|