Daily Briefing : May 15, 2013
AvaTrade | May 15, 2013 07:19AM ET
- EURUSD- the pair has broken its support zone on a 30 minute time frame. The RSI is showing that the bias could be to the downside.
- USDJPY- the price has broken out of a bullish flag pattern on a 30 minute time frame. The RSI is showing bias could be to the upside.
- GBPUSD- the price action is trading within the major support zone on a 30 minute time frame. RSI suggests bias could be towards the upside.
- Asian Markets closed strongly up today. The Nikkei index closed at the highest level in five years with a gain of 2.29%
- European stocks are struggling to find their direction as Germany narrowly avoided the recession. The DAX is leading the gains and it is up by almost 0.09%.
- US Indices logged another day of record gain yesterday. The S&P500 closed at its highest level of 1650 with a gain of 1.01%
- The GDP data released for the French economy showed that the country’s GDP fell 0.2% in the last quarter. This is the third recession for the French economy in five years, according to Bloomberg.
- Duvvuri Subbarao, the governor of the reserve bank of India confirmed today that they will also factor in the slow pace of inflation since 2009 in their policy decision next month, Bloomberg reported
- You can be wrong in trading and you will be but, you cannot afford to be stubborn.
- Gold has continued its slide on Tuesday, as the dollar is becoming stronger. Most of this slide was down to a weak Chinese economic data.
- Oil- The black gold is trading with an ascending triangle on a 30 minute time frame, before an important Crude inventories data release later on today.
- VIX- Volatility index increased by 1.75% yesterday.
08:30 GMT
GBP – Claimant count Change
09:00 GMT
EUR – Flash GDP q/q
09:30 GMT
GBP- BOE Inflation Report
GBP – Gov King Speaks
12:30 GMT
CAD – Manufacturing Sales m/m
12:30 GMT
USD – PPI m/m
14:30 GMT
USD – Crude Oil Inventories
Earnings
- Cisco
- Allianz
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The Above Is For Informational Purposes Only And Not To Be Construed As Specific Trading Advice. Responsibility For Trade Decisions Is Solely With The Reader.
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by Naeem Aslam
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