Breaking news – 10:30 (GMT+1)

The unemployment rate in the EU have reached to a low of seven-year

The Euro zone unemployment rate in April remained at 10.2%, according to forecasts.
However, the unemployment rate of the European Union’s fell to 8.7%, a record low of 7 years.

In May, the German unemployment rate reached a low of 6.1%, it’s lowest unemployment rate since 1990, the year then West Germany merged with East Germany.

Trading opportunity 10:00 (GMT+1)

GBP/JPY

On a daily chart the pair arrived to a strong resistance, around the level of 164.00.
At today’s high, the pair touched the level of 163.87.

gbp.jpy d 30.5.16

On 4 hours chart there is a bearish divergence at the indicators of MACD and RSI, compared to the last move of the pair.
Also, we got a bearish engulfing pattern.

gbp.jpy 4h 30.5.16

For Forex traders:
Sell between the levels of : 162.75 – 162.00.
Stop loss point : 164.05
Take profit point : 157.15

For Binary options traders:
A put option between the levels of : 162.75 – 162.00.
Expiry time : June 10.

Market News Briefing – 08:30 (GMT+1)

Wall Street earnings season – the worst since the global crisis

The season financial statements for the first quarter came to a close on Wall Street and major US corporate profits have fallen sharply since the global financial crisis.

The earnings per share of 98.4% of the companies in the S&P 500 who have already published their statements regarding the first quarter, fell by 7% over the same period a year earlier, the sharpest fall since the third quarter of 2009.

The energy sector suffered from the fall in oil prices, with a decline 108% in the quarter.
Many energy companies posted heavy losses in the quarter, and a number of companies reached insolvency and bankruptcy.

Weakness was also recorded at the revenue of S&P 500, which shrank by 1.7% in the quarter – the fifth consecutive quarter of decline in revenues over the first quarter.