US stocks were higher after the close on Wednesday led by technology shares. The Dow Jones rose by 1.25%, the S&P 500 by 0.94%, and the NASDAQ added 1.03% to its value. The US dollar rose against a basket of currencies on Wednesday on strong US industrial data. Today, the US Building Permits is expected at 1.28 million vs. 1.30 million previously and the unemployment Claims at 250K vs. 261K. Gold fell, closing at $1,325 an ounce. Crude Oil traded higher closing at $64.05 a barrel.
The euro fell from a 3-year high versus the dollar, to close at 1.2176. On the 1-hour chart, the EUR/USD pair is trading below the resistance at 1.22. Holding below this line may lead the EUR/USD pair towards 1.20, while crossing above the line could take the pair towards 1.24. The pound traded higher against the US dollar, hitting a fresh post-Brexit high. On the daily chart, the GBP/USD pair is trading close to the upper band of the Bollinger Bands indicator. Remaining near this band may lead the pair towards 1.41, while breaking below the mid-band could take it towards 1.36.
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