Markets Switch Focus to Busy Macro Calendar

After yesterday’s rise, markets are currently in the wait and see mood. We should not be surprised as today’s calendar is packed!

SP500 stopped on the 4480 horizontal resistance creating good occasion for a short-term drop.

DAX is currently bouncing of the mid-term down trendline.

GBPUSD is still locked inside of the sideways trend but soon we should see a breakout, which will give us a new direction.

NZDUSD is trading below crucial horizontal resistance and the sentiment is negative.

GBPJPY is aiming the 158 resistances again. Once we going to see a breakout, we will receive a very strong buy signal.

Gold created a significant bullish signal after the breakout from the triangle but the rise was quickly stopped on the first possible horizontal resistance. Demand for Gold is questionable and we cannot think about a proper buy signal if we are still below the 1875 USD/oz.

For a look at all of today’s economic events, check out our economic calendar.