U.S. indexes started this new quarter with new records. Dow Jones had only two points missing to reach a psychological rate of 14.000. NASDAQ was the strongest among others and added another 1.14%. Usually the growth of technological companies that traditionally were considered to be risky reveals that investors are risk averse and that's a good sign for the market in general. I anticipate a volatility growth.
Asia and Europe followed the U.S. in their positive projections. Investors expect for the first part of the U.S. Labor Market report.
USD/JPY showed us some weakness signs after the consolidation of 101.600-101.800 had been broken. We had a slight growth yesterday, the price got closer to 200 EMA that used to act as a support. But this growth seems to be weak, so I’ll consider trading with Put option. The price has a great downwards continuation after it failed to hold up above the previous high and broken the trend line. My middle-term target would be about 101.250.
Gold found its resistance of $1331, and coincidentally there is a reversal point of April 14, where from the price has fallen to $1241. Maybe we’ll see some sort of a rollback before this level is broken. On the today’s chart we may the resistance of $1326-28 inside this wide range. The support is $1325, breakout of which can cause traders who bought starting from $1240 to partially cover. The upper potential support of $1320 may be the target where it would restore its growth. The important rate is $1306.