US stocks were mixed after the close on Tuesday, as gains in the Telecoms, Financials, and Healthcare sectors were offset by losses in Utilities, Technology, and Oil & Gas. The Dow Jones rose by 0.49%, the S&P 500 by 0.15%, and the NASDAQ lost 0.19% from its value. The US dollar rose to a 3-week high against a basket of major currencies after upbeat wholesale inflation data suggested that weakness in inflation could be waning ahead of the Federal Reserve’s interest rate decision. Today, the Federal Funds Rate is expected a 1.50%, vs. 1.25% previously. Gold prices remained at 5-month lows amid dollar strength. Crude Oil traded lower, closing at $57.55 a barrel, as investors focused on this week’s US inventory data.
The euro traded lower against the US dollar. On the 1-hour chart, the EUR/USD pair is trading above the support level at 1.1730. Holding this condition should push the pair higher towards 1.20, while falling back below the support level may start a strong negative trend dropping towards 1.15. Today, the Employment Change is expected at 0.4% vs. 0.4% previously. The pound traded lower against the US dollar. On the 8-hour chart, the GBP/USD pair is trading above the support level at 1.3040. Holding this condition should push the cable higher towards 1.36, while falling below the support level may start a strong negative trend dropping towards 1.28. Today, the Average Earnings Index is expected at 2.5% vs. 2.2% previously.
© Prabhu for Forex Videos, 2017. |
Permalink |
No comment |
Add to
del.icio.us
Post tags: Forex video, news
Feed enhanced by Better Feed from Ozh
Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices. STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice from registered financial broker or institution if you wish to trade on global markets and ensure you are familiar with the risks.
