EUR/USD
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EUR/USD - Daily Briefing- European futures lower While US closed - 09/07/2015 (GMT)

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  • Timeframe : 1H

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Indices
Asian Markets closed higher by erasing some their losses from yesterday. The Nikkei index is the best performing index during the session and it is closed higher with a gain of 0.49%. The index is down nearly by 5.72% in the past 5 days.
European futures are trading lower during the early hours of trading. The DAX index is the worst performing index during the session and it is trading lower with a loss of 0.38%. The index is down by almost 3.06% in the past 5 days.
US futures are closed today for the labor day holiday. Most indices closed lower during the last session and the DOW index was the worst performer with a worst of 1.65%.
TOP News
China cuts economic growth for the year 2014 to 7.3% from previous reading of 7.4%
The Australian ANZ job advertisement data came in it 1.0% while the previous reading was at -0.5%.
The Japanese leading indicator data printed the reading of 104.9 matching the forecast.
Things to Remember
Use your stops and manage the risk
Market Sentiment
Gold: The precious metal trading below the 50 and 100 day moving average on a 4 hour time frame. The next support is near the 1116 and the next resistance is near the 1140.
Crude Oil: The black gold has bounced sharply back up on a 4 hour time frame. The near term support is at the $42 mark and the resistance is at 47.
VIX: Volatility index popped nearly 15.23% on the last trading day.
This member did not declare if he had a position on this financial instrument or a related financial instrument.

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