365 Stock market news

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

Singapore’s economy grew at a faster pace and more than expected in the first quarter, mainly due to an increase in production.
Singapore’s GDP in the first quarter grew at an annual rate of 0.2% compared with the previous three months.

EUR/USD

On a daily chart we can see that the main trend of the pair is an uptrend.
There is a diagonal support line which supported the pair a few times on his way up, and right now it supporting it once again.

On 4 hours chart we can see a bullish divergence at the MACD which went into effect after receiving a bullish pattern.

For Forex traders:
Buy between the levels of : 1.1130 – 1.1150.
Stop loss point : 1.1100.
Take profit point : 1.1300.

For Binary options traders:
A call option between the levels of : 1.1130 – 1.1150.
Expiry time : The end of May 25.

The US trading day is expected to open today with a slight increases, continuing of the positive trend from Europe at this time.

In the mean time, the price of the oil is dropping for the fifth day in a row and traded around the price level of 48 dollars a barrel.

The rating agency Moody’s lowered the credit rating of Deutsche Bank by one level.
Moody’s warned that the bank’s performance was weak in recent times, after her profits fell in the last quarter.

CAD/CHF

On a daily chart we can see that the main trend of the pair is an uptrend.
There is a diagonal support line which supported the pair a few times on his way up, and right now it supporting it once again.

The support area is between the levels of 0.7500 – 0.7540.
We can try and schedule an entry with the uptrend on lower time frames.

For Forex traders:
Buy between the levels of : 0.7500 – 0.7540.
Stop loss point : 0.7495.
Take profit point : 0.7650.

For Binary options traders:
A call option between the levels of : 0.7500 – 0.7540.
Expiry time : The end of May.

The German statistics office: “There are positive signs for the local economy”

German GDP in the first quarter grew by 0.7%, mainly due to the increase in domestic consumption.
The GDP grew an annualized 2.7%, this growth in the first quarter is more than double that of the fourth quarter of 2015 which was only of 0.3%.

Expectations to moderate declines at the start of trading on Wall Street

The future contracts on Wall Street pointing to declines of 0.1% in the leading indices, after on Friday the stock markets were closed with rising prices.