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January 27, 2015 - US Futures Flat Ahead of US Consumer Confidence Data
Trading the News Profitably
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.
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%.
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%.
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
09:00 GMT - GBP – Prelim GDP q/q
13:30 GMT - USD – Core Durable Goods Orders m/m
USD – CB Consumer Confidence
USD – New Home Sales
By AvaTrade FX Insight
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