https://go.ufx.com/ReDir.aspx?TLID=45354&UTM_Source=Youtube&UTM_Content=SiteReg&mktData=UFX_Channel US indices traded mixed on Tuesday (06/10/2015) ending a five-day winning streak, as investors eyed upcoming quarterly reports that are expected to show a dip in corporate earnings. The Dow Jones rose by 0.08 %, the NASDAQ fell by 0.69%, and the S&P 500 lost 0.36% from its value. The US Dollar traded lower against most major currencies on Tuesday (06/10/2015) as dampened expectations for a US rate hike before the end of the year continued to weigh on the greenback. The Trade Balance report came out lower than expected at -48.3B vs -47.6B forecast. Gold rose, closing at $1147 an ounce as the International Monetary Fund cut its forecast for global economic growth for the second time this year. Crude Oil finished higher, closing at $49.05 a barrel. The euro traded higher against the dollar as diminished expectations for a rate hike by the Federal Reserve this year pushed the greenback lower. Technically, according to the Daily chart, the EUR/USD is holding above the bullish trend line. Maintaining this condition should keep the pair risng to around 1.1500, but breaking below the line may lead to a reversal and start a fall to lower areas around 1.0900. The Pound finished higher versus the dollar after the Housing Equity Withdrawal q/q came out better than expected at -10.9B vs -12.5B forecast. Technically, according to the 4-hour chart, the pair is trading between the higher bands of the Bollinger bands. Staying here may lift the pair towards 1.5350, while breaking below the mid-band could take the pair to lower areas around 1.5100.
https://go.ufx.com/ReDir.aspx?TLID=45354&UTM_Source=Youtube&UTM_Content=SiteReg&mktData=UFX_Channel US indices finished higher on Monday (05/10/2015) as investors bet the Federal Reserve will not raise interest rates this year. The Dow Jones rose by 1.85%, the NASDAQ by 1.56%, and the S&P 500 added 1.83% to its value. The US Dollar traded lower against most major currencies on Monday (05/10/2015) as downbeat US service sector data further dampened optimism over the strength of the economy. The ISM Non-Manufacturing PMI came out lower than expected at 56.9 vs 58.0 forecast. Today, the Trade Balance is expected at -47.6B vs -41.9B previously. Gold fell, closing at $1135 an ounce, as a wave of disappointing economic indicators exacerbated fears of a global recession. Crude Oil finished higher, closing at $46.27 a barrel. The euro traded higher against the dollar despite disappointing service sector data. Technically, according to the 1-hour chart, the EUR/USD is trading between the lower bands of the Bollinger bands. Maintaining this condition may take the EUR/USD down towards 1.1050, while crossing above the mid-band may lift the pair towards 1.1300. The Pound trimmed gains versus the dollar after data showed that service sector activity in the UK expanded at a slower rate than expected last month. Technically, according to the Daily chart, the pair is trading in a channel between the resistance of 1.5788 and the support of 1.5114. Breaking below the lower side of the channel should lead the pair towards 1.5000, while crossing the upper side may take it to around 1.5900.
https://go.ufx.com/ReDir.aspx?TLID=45354&UTM_Source=Youtube&UTM_Content=SiteReg&mktData=UFX_Channel The US jobs announcement failed to meet expectations and came in at only 142,000 at Friday’s NFP report. The report signals a sharp decline in growth, and saw the Dollar weaken against most major currencies. The decline sparked doubts about the strength of the US economy and is likely to delay the Fed’s decision to raise interest rates by the end of the year. The unemployment rate remained at 5.1% The EUR/USD posted moderate gains on Friday, before closing at 1.1211, a rise of 0.14%. The British Pound also rose against the US Dollar, settling at 1.5165, a rise of 0.22%, on weak US jobs data and strong construction data out of the UK. Meanwhile, the USD/CAD pair fell to a 2-week low after the release of US jobs data, hitting 1.3186, before settling down 0.20% at 1.3243. Crude Oil rose sharply on Friday as US oil rigs fell. WTI Crude for November delivery closed up 1.81% at $45.55. Brent Crude also settled up, at $48.17, an increase of 1.01%. Gold surged 2% on disappointing US jobs data. COMEX Gold settled up $22.10 at $1,135.90. Silver for December delivery rose to $15.21 an ounce, an increase of 4.82%. US stock indices ended up in a sharp reversal, rising over 1% on Friday. The S&P 500 gained 1.43%, settling at 1,951.36, while the NASDAQ also jumped 1.74% and finished at 4,707.78. The DOW jumped 1.23% and settled at 16.472.37.
https://go.ufx.com/ReDir.aspx?TLID=45354&UTM_Source=Youtube&UTM_Content=SiteReg&mktData=UFX_Channel US indices ended higher on Wednesday (30/09/2015) after the biotechnology sector bounced back on the last day of this quarter. The Dow Jones rose by 1.47%, the NASDAQ by 2.28%, and the S&P 500 added 1.91% to its value. The US Dollar traded higher against most major currencies yesterday (30/09/2015) on a strong US Non-Farm employment report. Today, the Unemployment Claims is expected 273K vs 267K previously and the ISM Manufacturing PMI at 50.8 vs 51.1 previously. Gold finished lower, closing at $1114 an ounce. Crude Oil rose, closing at $45.32 a barrel. The euro fell vs the dollar on disappointing monthly inflation in the euro zone. Technically, according to the weekly chart, the EUR/USD is trading in an ascending triangle pattern. Breaking below the lower side of the pattern may lead the EUR/USD towards 1.0600; breaching the upper side could take it to around 1.1700. The Pound traded lower versus the dollar despite better than expected UK economic data. Technically, according to the 8-hour chart, the GBP/USD has broken below the support line at 1.5170. Remaining here may lead the GBP/USD to around 1.5000 while recrossing it could take the pair towards 1.5330.
https://go.ufx.com/ReDir.aspx?TLID=45354&UTM_Source=Youtube&UTM_Content=SiteReg&mktData=UFX_Channel Wall Street finished mixed after Tuesday’s close, as gains in the Healthcare, Basic Materials and Industrials sectors led shares higher while losses in the Technology, Consumer Services and Consumer Goods sectors led shares lower. The Dow Jones rose by 0.30%, the S&P 500 by 0.12%, and the NASDAQ lost 0.59% from its value. The US Dollar traded high against most major currencies amid growing concerns over China’s economy and despite uncertainty over a potential rate hike this year. Today, the ADP Non-Farm Employment Change is expected at 192K vs. 190k previously and later in the day high volatility can be expected as Federal Reserve Chair Janet Yellen speaks. Gold fell, closing at $1127 an ounce. Crude Oil rose, closing at $44.85 a barrel. The euro rose slightly versus the dollar, closing at 1.1249. According to the daily chart, the pair is trading close to the Moving Average 20 and with the RSI indicator above 50, and a return towards 1.1300 is expected. However, failing to breach the Moving Average 20 may lead to a reversal in momentum and a drop towards 1.1200. Today, the German Retail Sales is expected at 0.2% vs. 1.4% previously. The Pound fell slightly versus the dollar, closing at 1.5151. Technically, according to the 4-hour chart, the pair is trading above the support level of 1.5140. Breaking below this level may lead to a drop towards 1.5050. However, failure to do so could cause a retracement towards 1.5250. Today, the Current Account is due for release.