EUR/USD: The pair is trading above its upward trend line on a 4 hour time frame. The next support is near the 1.1058 level and the resistance is at 1.1581.
USD/JPY: The pair has pierced the lower band of the Bollinger band on a 4 hour time frame. The near term support is at 106.17 and the resistance is at 113.73.
GBP/USD: The pair is trading above its 50 (1.4456) and 100 (1.4315) day moving average on a 4 hour time frame. The next resistance is at 1.4844 and the support is 1.4121.
Asian markets closed mostly lower on the final trading of the week. The Nikkei index was the best performer during the session and it closed lower with a loss of 3.61%.
European futures are trading lower during the early hours of trading. The CAC40 index is trading lower with a loss of 1.38%.
The US markets are trading lower ahead of the core PCE price index data. The NASDAQ index was the worst performer on the last trading day with a loss of 1.19%.
The New Zealand, ANZ business confidence data came in at 6.2 while the previous reading was at 3.2.
The Australian PPI q/q data came in at -0.2%, in contrast to the previous reading of 0.3%.
Crude Oil: The black gold is trading above the 50 day (43.78) moving averages on a 4 hour time frame. The next support is near the 42.50 and the resistance is 50.02.
Gold: The precious metal has broken its 50 day moving average (1236.61) towards the upside on a 4 hour time frame. The next resistance is at 1300 and the support is at 1230.
The VIX index dropped by 9.32% during the last session.
Top Economic data
|13:30 GMT||13:30 GMT|
|CAD – GDP m/m||USD – Core PCE price index | Employment Cost Index|