US stocks were a little higher after the close on Wednesday in light holiday trading. The Dow Jones rose by 0.11%, the S&P 500 by 0.08%, and the NASDAQ added 0.04% to its value. The US dollar fell against a basket of major currencies on Wednesday on a weak CB Consumer Confidence report. Today, the US Unemployment Claims is expected at 240K vs. 245K previously. The Chicago PMI is expected at 62.2 vs. 63.9. Gold rose, closing at $1,287 an ounce. Crude Oil traded lower to close at $59.57 a barrel.
The euro rose to a 3-week high versus the dollar, to close at 1.1885. On the daily chart, the EUR/USD pair is trading below the resistance level at 1.1910. Holding below this level may lead the EUR/USD pair towards 1.17, while crossing above the level could take the pair towards 1.21. The pound traded higher against the US dollar, closing at 1.3394. On the 4-hour chart, the GBP/USD pair is trading in an ascending triangle pattern. Crossing the upper side of the pattern may take the GBP/USD pair towards 1.3550, while breaking below the lower side could drop the pair towards 1.3250.
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