Dollar Up as Euro Dives

U.S. Stock Market

U.S. indices closed lower on Wednesday due to losses in the Telecoms, Oil & Gas and Basic Materials sectors. The Dow Jones and the S&P 500 both fell by 0.22% and the NASDAQ lost 0.23% of its value. Technically, according to the daily chart, the NASDAQ is trading above the support line at 7,700. Holding there may lead the index towards 8,000 while dipping below the line could take it down to around 7,500.

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Optimism Over Trump Economy Pumps Up Dollar

U.S. Stock Market

Wall Street finished in the green with the Dow Jones up by 0.55%, the S&P 500 growing 0.88%, and the NASDAQ adding 1.32%. Technically, according to the 1-hour chart, the Dow has breached the resistance of 26,565, supported by the RSI above 50. As long as the index maintains this level of performance, a rise towards 26,750 can be expected. However, crossing below the line may start a reversal towards 26,450.

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Home Sales Fail to Deliver for the Dollar

U.S. Stock Market

Wall Street finished mixed, after energy shares rose while Financial and Consumer Goods stocks let the side down. The Dow Jones fell by 0.18%, the S&P 500 increased 0.10%, and the NASDAQ added 0.22% to its value. Technically, according to the 1-hour chart, the S&P is trading in a triangle with the RSI above 50. Breaching above the upper side may lead the index towards 2,950, while crossing below the lower side may push it down to around 2,870.

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Disappointing New Homes Data Depresses Dollar

U.S. Stock Market

Wall Street finished in the green on Thursday, with the markets closed on Friday due to the Good Friday holiday. The Dow Jones rose by 0.42%, the S&P 500 was up 0.16%, and the NASDAQ added 0.02% to its value. Technically, according to the 1-hour chart, the NASDAQ is positive, trading above the bullish trend line with the RSI above 50. Under these conditions, we might see a rise towards 7,800, although crossing below the line may start a reversal towards 7,600.

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Lower Unemployment Claims Boost Dollar

U.S. Stock Market

U.S. indices closed higher on Thursday as gains in the industrials sector helped offset weakness in energy stocks. The Dow Jones rose by 0.42%, the S&P 500 was up 0.16%, and the NASDAQ added 0.02% to its value. Technically, according to the daily chart, the S&P is trading below the resistance line at 2,940. This should push the index down to around 2,800 but crossing above the line may start a positive trend towards 3,000.

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Slight Wage Growth Doesn’t Impress the Dollar

U.S. Stock Market

U.S. indices were down on Wednesday as drops for leading healthcare shares took the shine off a series positive corporate earnings reports and strong economic data from the United States and China. The Dow Jones fell by 0.01%, the S&P 500 dropped 0.23%, and the NASDAQ lost 0.05% of its value. Technically, according to the 1-hour chart, the Dow is trading back above the bullish trend line. As long as this remains the case, a rise towards 26,600 can be expected. However, dipping below the line might start a negative trend to around 26,200.

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Dollar Dismisses Subpar Production Data

U.S. Stock Market

U.S. indices were up on Tuesday, thanks to gains in the Basic Materials, Oil & Gas and Financials sectors. The Dow Jones rose by 0.26%, the S&P 500 increased by 0.05%, and the NASDAQ added 0.30% to its value. Technically, according to the 4-hour chart, the NASDAQ is holding above the bullish trend line. As long as it stays there, a climb towards 7,750 is expected. However, dipping below the line could start a slump to around 7,550.

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Gold and Oil Down, Dollar Little Changed

U.S. Stock Market

U.S. stocks closed lower on Monday, following losses in the Oil & Gas, Financials and Basic Materials sectors. The Dow Jones fell by 0.10%, the S&P 500 dropped 0.06%, and the NASDAQ lost 0.10% of its value. Technically, according to the 1-hour chart, the S&P is trading below the resistance at 2,912, which might cause it to drop towards 2,850. Climbing above the line, however, could lift it to around 2,950.

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Consumer Sentiment Dip Drags Down Dollar

U.S. Stock Market

U.S. stocks closed higher on Friday, thanks to gains in the Financials, Basic Materials and Industrials sectors. The Dow Jones rose by 1.03%, the S&P 500 by 0.66%, and the NASDAQ added 0.46% to its value. Technically, according to the 1-hour chart, the Dow is trading below the resistance line at 26,450, which may push the index down towards 26,250, while breaching above the line could take it up to around 26,500.

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Dollar Up as Unemployment Claim Down

U.S. Stock Market

U.S. stocks were mixed on Thursday, with gains in the Industrials and Telecoms sectors alongside losses for Healthcare and Technology shares. The Dow Jones fell by 0.05%, the S&P 500 rose by 0.01%, and the NASDAQ lost 0.21% of its value. Technically, according to the 4-hour chart, the S&P is trading below the resistance line at 2,895, which may push the index down towards 2,820, while breaching above the line could take it up to around 2,950.

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