EUR/USD: The pair is trading below its downward trend line on a 4 hour time frame. The next support is near the 1.0710 level and the resistance is 1.1062.
USD/JPY: The pair is moving in a side way pattern 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 bounced from our Identified Support zone (given on the 29th Feb) on a 4 hour time frame. The next resistance is at 1.4167 and the support is 1.3685.
Asian markets closed mostly higher on the first trading day of the week. The Hang Seng index was the best performer during the session and it closed higher with a gain of 1.67%. The index is down by 9.53% during the past 5 sessions.
European futures are trading lower during the early hours of trading. The DAX index is trading lower with a loss of 0.29%. The index is down by nearly 3.58% over the past five sessions.
The US markets are trading lower ahead of the ISM Manufacturing PMI data. The S&P500 index was the worst performer on the last trading day with a loss of 0.82%.
The Japanese unemployment rate data came in at 3.2% at while the forecast was for 3.3%.
The Chinese manufacturing PMI data came in at 49 and the previous reading was at 49.4.
Crude Oil: The black gold is trading above its upward trend line on a 4 hour time frame. The next support is near the 32.40 and the resistance is 34.91.
Gold: The precious metal is trading above its 50 and 100 day moving average on a 4 hour time frame. The next resistance is at 1260 and the support is at 1219.
The VIX index popped by 3.74% during the last session.
Top Economic data
|9:30 GMT||13.30 GMT||15:00 GMT||Tentative|
|GBP – Manufacturing PMI||CAD – GDP m/m||USD – ISM Manufacturing PMI||NZD – GDT Price Index|