Dow futures losing momentum

The Dow Jones Industrial Average lost value on the stock market immediately after Trump’s abrupt decision of asking then-FBI Director James Comey to end his investigation on Michael Flynn. It lost 121 points to finally trade at 20,813 points. Meanwhile in U.K. the Average Earnings Index + Bonus data for March and its Claimant Count Change for April, will be both communicated at 08:30 GMT today.

source: CNBC ; Investing ; Reuters ; Shutterstock.com

Eurozone yearly CPI for April is due to be released at 09:00 GMT, and the readings for this event is important to follow as it could impact the EUR. Additionally, the Energy Administration Information (EIA) will release the U.S. Crude oil inventories data at 14:30 GMT. After climbing up for the previous two days, crude oil fell in Asian market Wednesday with the Brent crude futures at 0.81 low as it traded at $51.23 a barrel.

Japan releases its First-Quarter GDP at 23:50 GMT, this report is a key indicator for Japan’s economic health and may affect the country’s assets. The Australian stock was seen trading lower today by 1.11 percent today hitting a one-month low again. Elsewhere, the FTSE 100 and the DAX is also expected to open lower today.

Technical Analysis

EUR/GBP

EUR/GBP

In yesterday night’s session, the currency pair was seen recording much volatility on the forex market. It continued this trend further today as it fluctuated during the morning hours. It was last seen on a bearish candle at the 0.85889 level around 04:00 UTC. The U.S. dollar lost value in Asia, and this may impact the EUR/GBP more today. It is expected to follow a downtrend, thus fall further.

JPN225

JPN225

The Japanese Nikkei 225 gained momentum as from 10:00 UTC to close this bullish trend by 13:00 UTC at 19957 points. The index was trading lower by 0.58 percent earlier today after reports displayed that Donald Trump shared sensitive information with Russia. On Wednesday, the Nikkei 225 started tumbling as from 01:00 UTC to record its lowest level at 19786 points for today at 03:00 UTC. It may fluctuate through today.

USD/JPY

USD/JPY

An analysis of today’s USD/JPY pair depicts a downtrend for this one as it is seen hovering under the Ichimoku Cloud indicator. The currency pair lost 0.43 percent at 112.62 yen around 02:00 UTC. It is expected to experience a change in trend around 10:00 UTC today and this could be a good opportunity to invest on. Japan’s GDP data may impact this asset, consider using the Classic Binary tool for further trading.

Things to watch on the market

Tip 1

Investors should consider currency pairs like the EUR/GBP, GBP/USD, and GBP/JPY. It is also recommended to follow the FTSE 100 index and the FTSE MIB F-JUN16 index.


Tip 2

Consider trading the EUR/USD, EUR/JPY, EUR/AUD, EUR/CAD and EUR/CHF pairs, along with the DAX F-JUN16 index. The BRENT CRUDE OIL-APR16 is highly recommended.


Tip 3

Pay attention to currency pairs like the EUR/JPY, USD/JPY, GBP/JPY, and the AUD/JPY pairs. Also analyse trends of the Nikkei 225 and the TOPIX index for the Classic Binary tool today.