Daily FX Market Reviews - Pheme News Live
US Stock Market – U.S. indices finished mixed as investors feel tension over Greece's talks with the EU. The NASDAQ rose by 0.37%, the S&P 500 fell by 0.11%, and the Dow Jones lost 0.24% from its value. Technically, according to the daily chart, the NASDAQ has breached the resistance of 4,340 and its trading bullish supported by the 20 day Moving Average indicator and with MACD above 50. As long as the index maintains these conditions, a rise towards 4,500 can be expected. However, crossing below the resistance once again may push it down towards 4,200 areas.
Apple – Apple shares fell by 0.21%, closing at $128.45 a share. Technically, according to the daily chart, the share is trading in a bullish momentum supported by the MACD indicator. As long as the share is trading close to the upper band of the Bollinger Bands indicator, a rise towards $130.00 is expected. However, dropping towards the lower band may start a retracement towards $ 120.00 areas.
Last: 128.08
Resistance
|
130.00
|
133.00
|
135.00
|
Support
|
125.00
|
123.00
|
120.00
|
U.S. Dollar (USD) – The U.S. Dollar traded high against most major currencies after mix economic data in U.S. The Unemployment Claims came out at 283K vs. 304K previously while the Philly Fed Manufacturing Index came at 5.2, 1-year low. Today, the Flash Manufacturing PMI is expected at 53.7 vs. 53.9 previously.
Gold – Gold fell yesterday, closing at $1206 an ounce. According to the daily chart, although gold is trading bearish according to the MACD indicator, it’s holding above the bullish trend line. As long as gold holds above the bullish line it may rise towards $1,250, while breaking below the line may push it down to around $1,180.
Gold – Last: 1,207
Resistance
|
1220
|
1225
|
1230
|
Support
|
1200
|
1195
|
1190
|
Crude Oil – Crude Oil rose, closing at $52.03 a barrel, as the Crude Oil Inventories came out at 7.7M. Technically, according to the daily chart, oil has breached the 20-day Moving Average indicator and its trading in a bullish momentum supported by the RSI indicator. Should oil succeed in maintaining this condition, a rise towards $60.00 can be expected. However, crossing below the Moving Average line may start a reversal towards $45.00.
Crude Oil – Last: 52.00
Resistance
|
54.00
|
57.00
|
60.00
|
Support
|
40.00
|
48.00
|
45.00
|
Euro (EUR) – The euro fell versus the U.S. Dollar, closing at 1.1365. Technically, according to the 4-hour- chart the EUR/USD is trading in a triangle with RSI below 50. Breaching the upper side of the triangle may lift the pair towards 1.1500. However, crossing below the lower side may take it down towards 1.1300. Today, the French and the German Flash Manufacturing PMI are expected at 49.7 and 51.8 respectively.
EUR/USD – Last: 1.1364
Resistance
|
1.1400
|
1.1450
|
1.1480
|
Support
|
1.1300
|
1.1270
|
1.1240
|
British Pound (GBP) - The Pound fell versus the U.S. Dollar, closing at 1.5419 despite the CBI Industrial Order Expectations coming out better than expected. Technically, according to the daily chart, the pair is holding below the resistance of 1.5480 with MACD above 0. Should the pair succeed in breaching the resistance we might see a rise towards 1.550, while a failure may retrace it towards 1.5300.
GBP/USD - Last: 1.5416
Resistance
|
1.5450
|
1.5480
|
1.5520
|
Support
|
1.5380
|
1.5340
|
1.5300
|