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 (109.26) 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 closed mostly higher by adding to their gains on top of yesterday. The Nikkei index was the best performer during the session and it closed higher with a gain of 3.23%.
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 unemployment claims data. The NASDAQ index was the best performer on the last trading day with a gain of 1.55%.
The Australian unemployment rate data came in at 5.7% while the previous reading was at 5.8%.
The Australian employment change data came in at 26.1K in contrast to the previous reading of -0.7K.
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 6.80% during the last session.
Top Economic data
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|GBP – MPC official Bank Rate | Official Bank rate||USD – CPI m/m | Core CPI | Unemployment claims|