Daily Analysis 2014-06-02
EURUSD is getting support at the 1.36 level. For now, the pair is moving according to the 200 EMA (daily chart), and may go up to 1.367 in the near term.
AUDUSD made a doji candle on Friday. That, combined with today's loss of the reversal pattern, could result in the pair going much lower!
CRUDE OIL is up after getting support from the fast EMA. Still, the 103 level can be a strong resistance, so there might be a correction before the commodity continues its move up.
GOLD is trading down and can't find bottom. The next major support is at 1200.
S&P500 is at an ALL TIME HIGH again. We will hear this term at least a couple of more times this year! For the near term, a correction may be getting closer, and if so, support will be at 1900.
PAY ATTENTION - this week we have massive economic news that can deeply affect the markets!
11:30 - Manufacturing PMI (GBP)
17:00 - ISM Manufacturing PMI (USD)