EUR/USD: The pair fell from OUR identified resistance zone (given on the 15th February) on a 4 hour time frame. The next support is near the 1.08832 level and the resistance is 1.1387.
USD/JPY: The pair is trading below the downward trend line on a 4 hour time frame. The near term support is at 109.60 and the resistance is at 115.83.
GBP/USD: The pair has broken below the 50 and 100 day moving average on a 4 hour time frame. The next resistance is at 1.4229 and the support is 1.3852.
Asian markets closed mostly higher on the final trading day of the week. The Shanghai index was the best performer during the session and it closed higher with a gain of 0.95%. The index is down by 9.53% during the past 5 sessions.
European futures are trading higher during the early hours of trading. The DAX index is trading higher with a gain of 2.29%. The index is down by nearly 3.58% over the past five sessions.
The US markets are trading higher ahead of the Prel GDP data. The Dow Jones index was the best performer on the last trading day with a gain of 1.29%.
The Japanese core CPI y/y data came in at 1.1% at while the forecast was for 1.2%.
The Spanish Flash CPI m/m data came in at -0.8% and the previous reading was at -0.5%.
Crude Oil: The black gold is trading above its upward trend line on a 4 hour time frame. The next support is near the 31.28 and the resistance is 34.91.
Gold: The precious metal is trading below its downward trend line on a 4 hour time frame. The next resistance is at 1260 and the support is at 1219.
The VIX index dropped by 7.77% during the last session.
Top Economic data
|Day 1||13.30 GMT|
|ALL – G20 Meeting||USD – Prelim GDP q/q|