A sharp decline in exports from Japan

According to Japanese Finance Ministry data, the Japanese exports fell in April for a seventh month, following a slowdown in global growth and the strengthening of the yen.
The exports fell by 10.1% compared with the same month last year.

US Unemployment claims

The US Labor Department said that the number of US initial jobless claims fell last week to 278 thousand compared with to 294 thousand in the previous week.
Economists had forecast a sharp fall of more than 270 thousand claims.

Silver

The main trend of the Silver is an uptrend as we can see on a daily chart.

During the last 3 weeks, there is a decline, part of a technical correction, and the price is moving towards a support area of 16.00.

On 4 hours chart there is a diagonal support line who can meet with the price around the 16.00 level, if the technical correction will make its way to test this level.

What are we waiting for?

First we are waiting for the price of the silver to continue the technical correction, until it will stops around the level of 16.00.
Then we will be waiting for a bullish pattern to appear, from a daily chart and up to an hour chart.
After a strong bullish pattern will appear, we will be able to enter with a trade which will continue with the upward trend.

For Forex traders:

Buy between the levels of : 16.00 – 16.10.
Stop loss point : 15.80.
Take profit point : 18.00.

For Binary options traders:
A call option between the levels of : 16.00 – 16.10.
Expiry time : The end of June.

The rating agency Moody’s lowered its US growth forecast

Moody’s economists lowered the growth forecast for the US economy in 2016 from 2.3% to 2%.
Moody’s languished her decision due to a decreased in demands to business investments.

Moody’s also lowered her growth forecast for the developed economies in 2016 to 1.7%, 0.2% below the previous forecast.

The UK retail sales beat the early forecasts

The quantity of goods sold in stores and on the Internet rose in April by 1.3%, compared to March and against Bloomberg survey which predicted an increase of 0.6%.
The increase came after two months of declines in retail sales.

EUR/JPY
The main trend of the pair is a downtrend but on 4 hours chart we can try an enter to an intra-day trade, a part of a technical correction up.

As seen on the chart, there is a diagonal support line which supporting the pair 4 times in the last 10 days.

The last 4 hours candle was a bullish one which crossed up the moving average 13, with that, the average of the RSI is above his 50 line.

For Forex traders:

Buy between the levels of : 123.50 – 123.70
Stop loss point : 123.00
Take profit point : 125.50.

For Binary options traders:
A call option between the levels of : 123.50 – 123.70
Expiry time : The end of May 19.

The US dollar at the height of seven weeks

The dollar index climbed to a record seven weeks after the protocol of the meeting of the Federal Reserve which released yesterday showed that the central bank is about to raise the interest rates as early as June.
In May the US dollar rose compared to all 16 major currencies around the world.

Tension on Wall Street ahead of the Fed’s Protocol

Investors around the world waiting for the publication of the protocol of the last meeting of the Federal Reserve later today (19:00 GMT+1) which may well bring clues about the planned interest rate policy of the central bank.

Wall Street futures signaling on a stable opening of the trading day with a tendency to decline, in accordance with the trend on the European stock exchanges.

APPLE

The recent trend of the stock is a downtrend and so far in 2016 it went down by 16%.
In the last few days the stock have reached a support area, around the level of 93.40, a strong support area as we can see on a weekly chart.

On a daily chart we can see that battle of the last few days around this support area, at first the price of the stock broke down this level but soon after the price went up above it.
The price went up also because of a tailwind which came after Berkshire Hathaway (BRKA), the conglomerate run by Warren Buffett purchased more than 9.8 million shares in Apple during the first quarter (It was Berkshire’s first investment in Apple)

As we can see on the daily chart, beyond that the price is next to a support area, against the last decline of the price of the stock, there is a bullish divergence at the histogram of the MACD.

For Forex traders:

Buy between the levels of : 93.00 – 93.40
Stop loss point : 92.60.
Take profit point : 98.00.

For Binary options traders:
A call option between the levels of : 93.00 – 93.40
Expiry time : The end of May.