U.S. Futures Mixed Ahead Of Yellen’s Speech
AvaTrade | Apr 02, 2015 07:47AM ET
Daily Briefing
Currencies
- EUR/USD: The pair has broken its downward trend line aggressively on a 30 minute time frame. The next resistance is at 1.094 and the support is at 1.071.
- USD/JPY: The pair is trading below its downward trend line on a 30 minute time frame. The next support is at 118.38 and resistance at 120.16
- GBP/USD: The pair is moving in a sideway pattern on a 30 minute time frame. The resistance is near the 1.4872 and support is at 1.4719
Indicator
Indices
- Asian Markets closed mostly higher by building gains on top of yesterday. The Nikkei index is the best performing index during the session and it closed higher with a gain of 1.46%. The index is up nearly by 2.02% in the past 5 days.
- European stock futures are trading mixed during the early hours of trading. The CAC40 index is the best performing index during the session and it is trading higher with a gain of 0.05%. The index is up by almost 0.84% in the past 5 days.
- US futures are also trading lower ahead of the factory data. Most indices closed lower during the last session and the Dow index was the worst performer with a loss of 0.44%.
TOP News
- The Australian trade balance data printed much a reading of -1.26B as compared to the forecast of -1.28B
- The UK construction data came below the expectation of 59.7 while the final reading released today was at 57.8.
- The Italian manufacturing PMI came in at 53.3 when the previous reading was at 51.9
Things to Remember
Stop loss is your biggest friend so make sure you use it
Market Sentiment
- Gold: The precious metal has spiked up on a 30 minute time frame. The next support is near the 1170 and the next resistance is near the 1230.
- Crude Oil: The black gold has broken its downward trend line on a 30 minute time frame. The near term support is at the $45.78.0 mark and the resistance is at 51.70.
- VIX: Volatility index dropped nearly 4.62% on the last trading day.
News Agenda For Today
08:30 GMT
GBP – Construction PMI
12:30 GMT
CAD – Trade Balance
USD – Trade Balance
Get The News You Want
USD – Unemployment Claims
14:30 GMT
USD – Natural Gas Storage
Disclosure & Disclaimer: 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.
by Naeem Aslam
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