ECB interest-rate & U.S job data

The market prepares for ECB interest-rate and guidance for future policies. ECB expected to hold interest-rate unchanged and maintain the hawkish outlook on the economy. On Tariff ground, President Trump will sign the plan this week, exempting Mexico and Canada after protests from Republican.

Aside from ECB and tariff, investors attention will be focused on job data tomorrow.

Asian & European Stock market

Asian stock market bounced from low. Nikkei up 115.35 points (+0.54%) to 21,368.07, Shang Hai Composite up 17.63 points (+0.54%) to 3,271.46 and Australia ASX 200 up 40.90 points (+0.69%) to 5,942.90. European stock market mixed before ECB. DAX Germany down 0.31%, FTSE UK down 0.01%, and Euro STOXX 600 up 0.17%.

Technical Analysis

Dow Jones Industrial Average (INDU)

The index bounced from the daily SMA 100 in the previous day and closed above its opening level. It seems the triangle pattern on the chart is valid and will become the area of movement for Dow Jones Industrial Averages. Traders will observe

Dollar Tree Inc (DLTR)

DLTR under heavy selling pressure after the company reported miss in earnings result and provide a gloomy outlook. The gap down in share prices brought DLTR near the daily SMA 200 and could become an opportunity for traders who look for a long-term position. Traders need a strong reversal candle before entering a position.

FedEx Corporation (FDX)

FDX is another stock to watch as the share prices move inside triangle consolidation. It is also supported by the daily SMA 100. Long position from the level near $230.00 is the choice to take. A short position could be taken from the top of the triangle. Meanwhile, traders will wait for a breakout of the triangle.