U.S. Futures Flat Ahead Of US Consumer Confidence Data
AvaTrade | Jan 27, 2015 04:36AM ET
Daily Briefing
Currencies
- EUR/USD: The pair has broken its inverted triangle pattern on a 30 minute time frame. The next resistance is at 1.15 and the support is at 1.10.
- USD/JPY: The pair is moving in a side way pattern on a 30 minute time frame. The next support is at 117.23 and resistance at 118.83.
- GBP/USD: The pair is forming a reverse head and shoulder pattern on a 30 minute time frame. The resistance is near the 1.5747and support is at 1.4793.
Indicators
Indices
- Asian Markets closed mostly higher by recovering some of their losses from yesterday. The Nikkei index is the best performing index during the session and it closed higher with a gain of 1.71%. The index is down nearly by 5.16% in the past 5 days.
- European stock futures are trading lower during the early hours of trading. The FTSE MIB index is the worst performing index during the session and it is trading lower with a loss of 0.07%. The index is up by almost 6.39% in the past 5 days.
- US Indices futures are trading lower ahead of the consumer confidence data. Most indices closed higher during the last session and the NASDAQ index was the best performer with a gain of 0.30%.
TOP News
- Easy jet has produced a phenomenal earning this morning and is trading higher with a gain of 4.2%.
- The Australian NAB Business confidence data came in at 2 while the previous reading was at 1.
- The Chinese CB leading index m/m also came in at 1.1% beating the previous reading of 0.8%.
Things to Remember
Manage your stops not the expectations.
Market Sentiment
- Gold: The precious metal is pulling back from its highs and it is trading below its 1300 level on a 30 minute time frame. The price is trading above its upward trend line. The next support is near the 1272 and the next resistance is near the 1330.
- Crude Oil: The black gold is trading in a weekly support zone on a weekly time frame but still treading below the 50 day moving average on a 30 minute time frame. The near term support is at the $43.0 mark and the resistance is at 50.
- VIX: Volatility index dropped nearly 6.84% on the last trading day.
News Agenda For Today
Get The News You Want
09:00 GMT
GBP – Prelim GDP q/q
13:30 GMT
USD – Core Durable Goods Orders m/m
15:00 GMT
USD – CB Consumer Confidence
USD – New Home Sales
Trend
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