EUR/USD: The pair is trading below its 50 day moving average on a 4 hour time frame. The next support is near the 1.1058 level and the resistance is at 1.1377.
USD/JPY: The pair has broken its ascending triangle pattern towards the downside on a 4 hour time frame. The near term support is at 110.11 and the resistance is at 114.83.
GBP/USD: The pair is trading below its 50 (1.4166) and 100 (1.4209) day moving averages on a 4 hour time frame. The next resistance is at 1.45174 and the support is 1.43902.
Asian markets closed mostly lower on the first trading day of the week. The Nikkei Shanghai index was the worst performer during the session and it closed lower with a loss of 3.40%.
European futures are trading lower during the early hours of trading. The CAC40 index is trading lower with a loss of 1.53%.
The US markets are trading higher ahead of the NAHB housing data. The DOW index was the worst performer on the last trading day with a loss of 0.16%.
The UK’s right move HPI m/m data came in at 1.3% matching the previous estimate.
The Australain new motor vehicle sales m/m data came in at 2.2% in contrast to the previous reading of 0.0%.
Crude Oil: The black gold is trading below its 50 day (39.94) on a 4 hour time frame. The next support is near the 36.06 and the resistance is 42.91.
Gold: The precious metal is forming a symmetrical triangle patten on a 4 hour time frame. The next resistance is at 1260 and the support is at 1179.
The VIX index dropped by 0.73% during the last session.
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