EUR/USD: The pair is trading below its downward trend line on a 4 hour time frame. The next support is near the 1.1141 level and the resistance is at 1.1495.
USD/JPY: The pair has broken is 20 day moving average (109.01) towards the upside on a 4 hour time frame. The near term support is at 106 and the resistance is at 110.74.
GBP/USD: The pair is trading in a downward channel on a 4 hour time frame. The next resistance is at 1.4845 and the support is 1.4220.
Asian markets trading 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 0.44%.
European futures are trading lower during the early hours of trading. The DAX index is trading higher with a loss of 0.03%.
The US futures are trading lower ahead of the consumer sentiment data. The DOW index was the best performer on the last trading day with a gain of 0.10%.
The Chinese GDP q/y data came in at 6.7% while the previous reading was at 6.8%.
The Chinese industrial production y/y data came in at 6.8% in contrast to the previous reading of 5.4%.
Crude Oil: The black gold is trading above the 100 day (38.88) but below the 50 day (39.99) moving averages on a 4 hour time frame. The next support is near the 39.25 and the resistance is 43.02.
Gold: The precious metal has broken its 100 day moving average (1232.61) towards the upside on a 4 hour time frame. The next resistance is at 1260 and the support is at 1208.
The VIX index dropped by 0.87% during the last session.
Top Economic data
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|CAD– Manufacturing Sales||USD – Prelim Uom Consumer Sentiment|