Wall Street finished in the red on Friday, while still ending the week with modest gains. The Dow Jones fell by 0.11%, the S&P 500 by 0.05%, and the NASDAQ lost 0.08% from its value. The US dollar rose slightly against other major currencies on Friday, after the release of mixed US economic reports. The Core Durable Goods Orders came out less than expected at -0.1% vs. 0.5% forecast and the New Home Sales better at 733K vs.. 654K forecast. Today, the Richmond Manufacturing Index is expected at 22 vs. 30 previously. Gold rose by 0.63%, closing at $1,274 an ounce. Crude Oil rose by 0.38%, closing at $58.41 a barrel.
The euro rose by 0.10% versus the dollar on Friday, closing at 1.1864. On the 1-hour chart, the pair is trading above the 20-day Moving Average with the RSI indicator above 50. Holding above these levels may lead to a rise towards 1.90, while breaking below the 20-day Moving Average could cause a reversal towards 1.18. No economic data is expected today due to the European bank holiday. The pound fell by 0.11% versus the dollar, closing at 1.3363 after the Current Account came out worse than expected at -22 billion vs. 21.5 billion. On the 2-hour chart, the pair is trading close to the mid-band of the Bollinger Bands indicator. Breaching above the mid-band could cause a rise towards 1.3450.. Failing to do so might cause a drop towards .3250. No economic data is expected today as UK banks will be closed in observance of Boxing Day.
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