Job data, trade deal back in-focus

The easing of U.S-Iran tension brought the equity market higher. Today, traders and investors will focus on job data. Unemployment expected to come out at 3.5% while non-farm employment grows 162k. Next week, U.S and China expected to sign phase one trade deal to put more optimism in the market.

Asian & European Stock market

The Asian stock market moves notably higher today. Japan’s stock market up 110.70 points (+0.47%) to 23,850.57, China stock market down 2.59 point (-0.08%) to 3,092.29, and Australia ASX 200 up 54.80 points (+0.80%) to 6,929.00. The European stock market also rallying. DAX Germany up 0.21%, UK FTSE down 0.06%, Euro STOXX600 up 0.10%

Technical Analysis

Dow Jones Industrial Average (INDU)

Up, up and away toward 29,000. Traders better avoid short positions in the equity market yet as DJIA continues to print fresh high. The index might breakout above 29,000 and reach 30,000 in the future. Easing tension in the U.S-Iran conflict could add the fuel to move higher.

Dunkin Brands Group (DNKN)

DNKN overall trend turned bearish since the share prices fell below the daily SMA 200. Recently, the share prices form a double bottom pattern and manage to bounce higher. Currently, DNKN is trading near the daily SMA 200. Will the share prices continue its upward movement? Alternatively, will it get rejected and start a new bearish leg?