For the first time in six months the price of the oil crossed the threshold of 50 dollars per barrel, after a drop in US crude inventories was recorded.
This decline has strengthened expectations for reducing the excess supply has in world oil markets.

Growth slowing in the UK

The UK growth slowed to 0.4% in the first quarter of 2016.
Also, the UK business investment in the first quarter fell by 0.5%, this is the second consecutive quarter of decline.

Spain’s economy continues to grow

Spanish statistics office reported that the domestic economy grew by 8% in the first quarter compared to the previous quarter, and by 4.3% compared to the same quarter last year.

GBP/USD

On a daily chart we can see that yesterday the pair broke above a diagonal resistance line.

What we are waiting for?

There is a resistance around the level of 1.4700, we want to see a technical correction which will test this area of the break.
If the area will be strong enough to support the pair after the correction, then we will be looking to see a divergence at the indicators of MACD and RSI, together with a bullish pattern.
When all these elements will appear ,we will be able to place the entry and exit levels of the trade.

The price of oil is at the height of more than six months

The Asian stock markets trading is in a mixed trend today, after the sharp gains in the world markets trading yesterday.
The oil supported the positive trend when trading around 50 dollars a barrel.

The trading day on Wall Street is expected to open with gains following the rise yesterday and also In the background of the European stock markets price increases.
Positive effect will come also from the increases in oil prices and also because of the compromise reached between the finance ministers of the Euro zone with the International Monetary Fund and Greece regarding a new bailout package.

Twitter

Twitter stocks fell yesterday by 2.6% to the lowest level since it was issued in 2013.

During the trading day yesterday, the price fell below the support level of 14.00, to a level of 13.61, but at the end of the day it managed to climb back up and ended the day at a price level of 14.03.

For Forex traders:
Buy between the levels of : 14.00 – 14.10.
Stop loss point : 13.75.
Take profit point : 16.00.

For Binary options traders:
A call option between the levels of : 14.00 – 14.10.
Expiry time : The end of May.

The German Dax index, which is one of the indices that fell sharply in the world, climbing so far today by 1.3%, and has risen by 16% from the low of February.

Microsoft announced about the dismissal of 1,850 employees from the mobile division, part of the effort to reduce costs of the part in which Microsoft finds it difficult to rise.
The move is expected to result in one-time cost of 950 million dollars which will be recorded in the current quarter.
The announcement comes after a previous layoffs from last year of 7,8000 employees.

New aid program for Greece

The finance ministers of the Euro zone and the IMF reached a compromise with Greece, and will inject her another 10.3 billion Euros, after the Greece Parliament approved an additional austerity measures