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.
Asian markets traded mostly higher by adding gains on top of yesterday. The Nikkei index was the best performer during the session with a gain of 0.61%.
European futures are trading higher during the early hours of trading. The CAC40 index is trading higher with a gain of 0.37%.
The US markets are trading higher ahead of the existing home sales data. The NASDAQ index was the worst performer on the last trading day with a loss of 0.42%.
The Swiss consumption indicator data came in at 1.53 while the previous reading was at 1.45.
The Australian MI leading index m/m data came in at % in contrast to the previous reading of -0.2%.
Crude Oil: The black gold is trading above the 100 day (34.82) and the 50 day (37.66) moving averages on a 4 hour time frame. The next support is near the 36.06 and the resistance is 43.91.
Gold: The precious metal trading near the 50 day moving average (1238.53) on a 4 hour time frame. The next resistance is at 1270 and the support is at 1179.
The VIX index dropped by 0.22% during the last session.
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|GBP –Average Earnings Index 3m/y | Claimant Count Change||EUR – ECB President Draghi Speaks||USD – Crude Oil Inventories|