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Stocks in Asia were seen trading mixed on Friday as investors digest the US GDP data released on Thursday.
The Japanese benchmark Nikkei 225 index edged 0.34% higher, ending the session at 14,632.38 points, while Tokyo’s Topix index gained 0.06% to 1,201.41 points. Read more
West Texas Intermediate (WTI) was seen trading higher as it heads for its first monthly gain since February as crude supplies dropped at the delivery point for New York contracts. Brent crude was steady in London as the commodity is expected to reach a second straight monthly advance, boosted by the supply worries over the ongoing turmoil in Ukraine and Libya. Read more
EUR/GBP recently corrected up after the pair reached the sell target 0.8100 that was set in our earlier report for this currency pair. The latest upward correction from this support level stopped at the 38.2% Fibonacci Correction of the preceding minor downward impulse wave 1 of the currently active 3rd intermediate impulse (3) from the end of April (as you can see from the daily EUR/GBP chart below). Read more
S&P 500 recently reached the buy target 1920.00 that was set in our earlier report for this index. The price previously reversed sharply up from the combined support zone lying between the support trendline from February, the lower daily Bollinger Band, 38.2% Fibonacci Correction of the preceding minor impulse 1 and the support level 1860.00. Read more
