US Futures Lower as labour strike ends in Kuwait | Investors Hope for Q2 Earning Recession to end | UK Economic and Crude inventory data under focus

 » European markets and US futures are trading lower despite Wall Street had another stellar day with the momentum being powered by the major US indices which are all signaling a strong bullish outlook. No matter which US index you look at, the strength of the bulls can easily be measured. One of the most encouraging…

Daily Briefing: European markets look towards Draghi’s Speech

EUR/USD: The pair is trading above its upward trend line on a 4 hour time frame. The next support is near the 1.1058 level and the resistance is at 1.1477.
USD/JPY: The pair is trading below its downward trend line on a 4 hour time frame. The near term support is at 107.89 and the resistance is at 114.83.
GBP/USD: The pair is trading above its 50 (1.4198) and 100 (1.4222) day moving averages on a 4 hour time frame. The next resistance is at 1.4845 and the support is 1.4220.