News from the USA

The future contracts on Wall Street show a slight price declines of around 0.1% in the leading indices.
Yesterday the trading day closed with sharp gains.

Apple shares rising by 0.5% before the opening of the trading day, after yesterday it jumped by 3.7% following an exposure about Berkshire Hathaway holding company of the billionaire Warren Buffett, which acquired 9.8 million shares of consumer electronics giant in the first quarter.

London Bureau of Statistics reported this morning that the UK inflation slowed unexpectedly in April.
The CPI rose by 0.3% after rising by 0.5% in March, led by aviation and clothing prices.

USD/JPY

The main trend of the pair is a downtrend, as seen on a daily chart.

In the last two weeks the pair made his way to re-test a resistance diagonal line.
The current resistance level is 109.50, next to resistance line.

What we are waiting for?
First we are waiting to see that the pair will stop at this resistance area, then we’ll be waiting for a bearish pattern, it can be on lower time frames of 4 hour or an hour chart.
Another option is to see the pair crossing above the resistance line and then dropping back below it, this kind of a false break will be a good entry signal as well.

Wall Street futures contracts pointing on stability at the start of the trading day at the leading indicators,after last week the stock exchanges completed a third consecutive week of declines.

The price of the oil is rising:

The price of the oil went up by 1.5% to a around price level of 48 dollars a barrel, a record of about six months.
The rise came after the US investment bank Goldman Sachs raised its target price for the oil from 45 dollars a barrel to 50 dollars by the end of 2016.

Disappointing news from China:

Line of disappointing economic news published in China during the weekend,and they confirmed that the world’s second-largest economy is experiencing a slowdown.
The industrial output, investment and the retail sales in April, all rose by less than expected.

Industrial output increased in the past month by 6% on an annualized basis, compared to a forecasts of 6.5% and an increase of 6.8% in March.

Investments in fixed assets were up by 10.5% on an annualized basis, compared with expectations to a rise of 10.9% and 10.7% in the first quarter of this year.

The retail sales slowed to a level of 10.1%, against an expectation of a sharp rise in of 10.5%.

Wall Street stock markets closed another negative week.The S&P 500 went down by 0.5% last week and closed at his lowest level of the month, 2046.61
It was the index’s third consecutive week of decline.
The Dow Jones index fell last week by 1.2% and closed at his lowest level since late March, 17535.32.
It was the Dow Jones third week of decline.
The NASDAQ Composite Index lost 0.4% on a weekly summary, a negative week for the fourth consecutive time and ended at the price level 4717.68.

Last Friday the price of the oil retreated from a high of six months but finished his fifth weekly gain in six weeks, due to expectations that global oil production will decline, together with the recovery of demand, will help to reduce the excess supply to global oil markets.
On a weekly summary the price of the oil went up by 3.5% to a price level of 46.37 dollar per barrel.

The US dollar strengthened last Friday to a record of six weeks and on his way to a second consecutive week of rise, after the retail sales data and a stronger than expected consumer confidence published in the US reinforced expectations that the Federal Reserve may raise interest rates this year.

In view of the strengthening of the dollar, the price of gold fell last week for the first time in three weeks, and closed at a price level 1274.3.

Disappointing UK Industrial Production

The UK manufacturing output rose by 0.1% in March, contrary to the forecasts of 0.2%.
Summarizing the quarter, the manufacturing output in the UK contracted by 0.4% in the first quarter of the year.

NZD/USD

On a daily chart we can see that the latest trend of the pair were an up trend.
On Monday the pair broke down the diagonal support line which supported the pair.
In latest hours, the pair is re-testing the area that was broken down.

We can see it much clearer on 4 hours chart.

As long as the pair doesn’t climb back above the diagonal line, and if this line will become to be a resistance, it will give us a sign of the end of the up-trend, and it will be an opportunity for us to join in with the new move down.
The area of 0.6800 should act as a resistance, and from there we will be looking for a strong bearish pattern that will bring us to action.

For Forex traders:

Sell between the levels of : 0.6800 – 0.6770.
Stop loss point : 0.6850.
Take profit point : 1.6650.

For Binary options traders:
A put option between the levels of : 0.6800 – 0.6770.
Expiry time : May 13.

Amazon shares jumped by 3.4% yesterday and reached to a record high of 703.07 dollars.
The analysts of investment bank Bernstein estimated that the share price may rise by nearly 50% to the price of 1,000 dollars over the next year.
The bank analysts raised their target price for the online retailer the next 12 months from 770 dollars to 1,000 dollars.