US stocks were higher after the close on Friday. The Dow Jones rose by 0.88%, the S&P 500 by 0.70%, and the NASDAQ added 0.83% to its value. The US dollar traded higher against a basket of major currencies shrugging off weaker than expected payroll data, but gains were capped by a surge in the Canadian dollar amid bullish employment data. Gold fell on Friday, closing at $1,320 an ounce. Crude Oil fell on Tuesday, as investors fretted over rising US production to near record highs, dampening positive sentiment, which followed a report OPEC members deepened production cuts in December.
The euro fell versus the dollar on Friday, closing at 1.2045. On the 1-hour chart, the EUR/USD pair is holding above the bullish trendline. Holding above the trendline may lift the pair towards 1.2150, while breaking below may change the momentum and start a reversal towards 1.1950. The pound rose versus the dollar on Friday, closing at 1.3581. On the 8-hour chart, the GBP/USD pair is trading below the resistance level at 1.36. Holding below this resistance may lead the pair towards 1.3490, while breaching the line could take it up towards 1.37.
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