EUR/USD: The pair has broken its upward trend line on a 4 hour time frame. The next support is near the 1.114 level and the resistance is at 1.1586.
USD/JPY: The pair bounced from our identified support zone of (108.14-107.63) on a 4 hour time frame. The near term support is at 106.17 and the resistance is at 113.82.
GBP/USD: The pair is trading in a downward wedge pattern on a 4 hour time frame. The next resistance is at 1.4517 and the support is 1.4006.
Asian markets closed mostly higher by erasing some of their losses from yesterday. The Hang Seng Shanghai index was the best performer during the session and it closed higher with a gain of 3.6%.
European futures are trading higher during the early hours of trading. The DAX index is trading higher with a gain of 0.68%.
The US markets are trading higher ahead of the Building permit data. The S&P index was the best performer on the last trading day with a gain of 0.65%.
Greece creditors have asked for more austerity measures
Netflix stocks plunged last night after earning report as the company missed on its forecast growth number.
Crude Oil: The black gold is trading above the 50 day (40.38) 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 is trading above its 100 day moving average (1233) on a 4 hour time frame. The next resistance is at 1260 and the support is at 1179.
The VIX index dropped by 9.32% during the last session.
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|09:00 GMT||13:30 GMT||13:30 GMT|
|EUR – German ZEW Economic sentiment||USD – Building permit||CAD – RBA Gov Stevens Speaks|