U.S. Futures Higher After Bullard’s Comment
AvaTrade | Apr 16, 2015 05:12AM ET
Daily Briefing
Currencies
- EUR/USD: The pair is above its upward trend line trading line on a 30 minute time frame. The next resistance is at 1.108 and the support is at 1.0520.
- USD/JPY: The pair is consolidating on a 30 minute time frame. The next support is at 118.38 and resistance at 121.18.
- GBP/USD: The pair is trading in an upward channel on a 30 minute time frame. The resistance is near the 1.4970 and support is at 1.4694.
Indicator
Indices
- Asian Markets closed mostly higher by recovering their posse from yesterday. The Shanghai index was the best performing index during the session and it closed higher with a gain of 2.71%. The index is up nearly by 10.36% in the past 5 days.
- European indices futures are trading lower during the early hours of trading. The CAC 40 index is the worst performing index during the session and it is trading lower with a loss of 0.49%. The index is up by almost 3.05% in the past 5 days.
- US futures are also trading lower ahead of the economic data. Most indices closed lower during the last session and the Dow index was the worst performer with a loss of 0.45%.
TOP News
- TheAustralian employment data data came in at 37.7K while the forecast was for 14.9K.
- The Australian unemployment rate dropped further and came in at 6.1% while the forecast was 6.5%. The reading was at 0.3%.
- Fed member Bullard, said yesterday that rate hike is important in order to address for the coming boom.
Things to Remember
Stop loss is your biggest friend so make sure you use it
Market Sentiment
- Gold: The precious metal is consolidating on a 30 minute time frame. The next support is near the 1180 and the next resistance is near the 1240.
- Crude Oil: The black gold is trading firmly above its upward trend line on a 30 minute time frame. The near term support is at the $51.50 mark and the resistance is at 53.15.
- VIX: Volatility index dropped nearly -6.07% on the last trading day.
News Agenda For Today
13:30 GMT
USD – Building Permit
13:30 GMT
USD – Unemployment Claims
15:00 GMT
USD – Philly Fed Manufacturing Index
Get The News You Want
15:00 GMT
USD – Natural Gas Storage
Trends
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