https://go.ufx.com/ReDir.aspx?TLID=45354&UTM_Source=Youtube&UTM_Content=SiteReg&mktData=UFX_Channel Wall Street finished mixed after mixed economic data. The Dow Jones rose by 0.01%, the S&P 500 fell by 0.0%, and the NASDAQ added 0.26% to its value. Facebook shares fell by 0.31%, closing at 105.41 a share. The U.S. Dollar traded high against most major currencies as the Unemployment Claims result boosted investor optimism over the strength of the economy. Also, the New Home Sales came out less than expected at 495K vs. 500K forecast. No economic data is expected today due to Thanksgiving holiday. Gold fell, closing at $1071 an ounce. Crude Oil rose, closing at $43.08 a barrel. Today, the Crude Oil Inventories is expected at 2.5M vs.3.4M previously. The euro fell versus the dollar, closing at 1.0623. On the daily chart, the pair has broken below the support of 1.0820 and is trading with the RSI below 50. As long as the pair maintains these conditions, a drop towards 1.0500 is expected. Today, the M3 Money Supply is expected unchanged at 4.9%. The Pound rose versus the U.S. Dollar, closing at 1.5123. On the 1-hour chart, the pair is trading close to the upper band of the Bollinger Bands indicator. Maintaining this conditions may continue the bullish momentum and start a rise towards 1.5300. However, crossing below the lower band may start a reversal and a fall to around 1.5000. No economic data is expected today.
https://go.ufx.com/ReDir.aspx?TLID=45354&UTM_Source=Youtube&UTM_Content=SiteReg&mktData=UFX_Channel U.S. indices finished in the green on Tuesday (24/11/2015) as investors focused on global politics after Turkey shot down a Russian warplane near the Syrian border. The Dow Jones rose by 0.11%, the NASDAQ by 0.01%, and the S&P 500 added 0.12% to its value. Apple shares rose by 0.90%, closing at $118.81 per share. The U.S. Dollar traded higher against most major currencies as data showed that the U.S. economy grew more than initially estimated in the third quarter. The Prelim GDP came out better than expected at 2.1% vs 2.0% forecast. Today, the Unemployment Claims is expected at 273K vs 271K previously. High volatility is expected. Gold rose, closing at $1075 an ounce amid heightened geopolitical tensions after Turkey shot down a Russia fighter jet near the Syria border. Crude Oil rose, closing at $42.62 a barrel. The euro finished higher against the dollar on Tuesday (24.11.15) with the German IFO Business Climate coming out better than expected at 109.0 vs 108.3 forecast. On the Daily chart, the EUR/USD is trading above the support line at 1.0580. This condition may lead the pair towards 1.0800. However, with a negative Momentum indicator below 0, it is expected to break below the line to around 1.0450. The Pound finished lower against the dollar. On the 1-hour chart, the GBP/USD is holding below the bearish trend line with a negative RSI indicator below 50. Maintaining these conditions should lead to a fall towards 1.5000, while breaching the line may take it back to around 1.5250.
https://go.ufx.com/ReDir.aspx?TLID=45354&UTM_Source=Youtube&UTM_Content=SiteReg&mktData=UFX_Channel U.S. indices finished in the red on Monday (23/11/2015) after a week of strong gains. The Dow Jones fell by 0.17%, the NASDAQ by 0.05%, and the S&P 500 lost 0.12% from its value. Amazon shares rose by 1.65%, closing at $679.49 a share. The U.S. Dollar traded higher against most major currencies despite the release of disappointing U.S. housing sector data, as expectations for a December rate hike by the Federal Reserve continue to support the greenback. The Existing Home Sales came out less than expected at 5.36M vs 5.39M forecast. Today, the Prelim GDP is expected at 2.0% vs 1.5% previously. Gold fell, closing at $1069 an ounce to near five-and-a-half year lows, as the Federal Reserve spooked markets by holding an unscheduled meeting on Monday (23.11.15) morning to discuss the possibility of raising a key rate charged to commercial banks on loans. Crude Oil finished almost unchanged, closing at $41.95 a barrel as investors locked into profits from a Saudi Arabian-fueled rally ahead of next week’s critical OPEC meeting. The euro finished lower against the U.S. Dollar on Monday (23.11.15) as upbeat euro zone private sector survey data lent support, while expectations for more monetary easing continued to weigh. On the 1-hour chart, the EUR/USD is holding below a descending line with a negative RSI indicator below 50. Maintaining these conditions may drop the pair to around 1.0500. However, breaching the line could takethe EUR/USD back up towards 1.0700. The Pound finished lower against the U.S. Dollar. On the 4-hour chart, the GBP/USD is trading below the resistance line at 1.5180 with a negative Momentum indicator below 0. Holding these conditions could continue the descending trend to reach lower areas around 1.5000. However, recrossing the resistance may lead to a rise towards 1.5250.