Lower Dole Claims Delight Dollar Traders

U.S. Stock Market

Wall Street finished mixed on Thursday, following gains in the Utilities, Oil & Gas and Consumer Goods sectors and losses for Basic Materials, Telecoms and Consumer Services stocks. The Dow Jones rose by 0.29%, the S&P 500 fell 0.02%, and the NASDAQ lost 0.39% of its value. Technically, according to the 4-hour chart, the Dow is trading above the 20-day moving average, which might lead to a rise towards 25,000. However, with the RSI indicator below 50, the index is expected to break below the SMA and fall to the region of 24,000.

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Dollar Drops as Rate Hike Hopes Dwindle

U.S. Stock Market

Wall Street finished in the green on Wednesday, thanks to gains in the Basic Materials, Technology and Consumer Services sectors. The Dow Jones rose by 0.64%, the S&P 500 climbed 0.54%, and the NASDAQ added 0.95% to its value. Technically, according to the 1-hour chart, the S&P 500 is trading below the 20-day moving average and with the RSI indicator below 50, the index is expected to drop towards the region of 2,550. Breaching above the line once again, however, may lift it to around 2,800.

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Dollar Inches Higher After Sign of Rising Inflation

U.S. Stock Market

Wall Street’s fortunes were mixed on Tuesday, with gains in the Consumer Goods, Utilities and Healthcare sectors and losses for Financials, Industrials and Basic Materials stocks. The Dow Jones fell by 0.22%, the S&P 500 by 0.04%, and the NASDAQ added 0.16% to its value. Technically, according to the 4-hour chart, the NASDAQ is trading below the bearish trend line, which may take it down towards 6,600. Crossing above the line, on the other hand, could lead it up to around 6,800.

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Brexit Doubts Pressure the Pound

U.S. Stock Market

U.S. stocks ended a volatile session slightly higher on Monday, helped by gains in the technology sector, though uncertainty over Britain's exit from the European Union kept investors on edge about global growth. The Dow Jones rose by 0.13%, the S&P 500 by 0.17%, and the NASDAQ added 0.74% to its value. Technically, according to the 1-hour chart, the S&P 500 is trading above the 20-day Moving Average and could now climb towards 2,800, although crossing below the SMA may change the momentum and push the index down in the direction of 2,500.

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Dollar Drops Due to Disappointing Jobs Data

U.S. Stock Market

U.S. indices were down on Friday, after losses across the Technology, Consumer Services and Basic Materials sectors. The Dow Jones fell by 2.24%, the S&P 500 by 2.33%, and the NASDAQ lost 3.05% of its value. Technically, according to the 1-hour chart, the Dow is trading above the support line at 24,300. If it falls through the support, we might see a decline towards 24,200, while staying above it may mark the start of a climb to around 24,500.

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Disappointing Jobs Data Drags Dollar Down

U.S. Stock Market

Wall Street finished mixed after the Fed suggested it will slow the pace of rate hikes. The Dow Jones fell by 0.32% and the S&P 500 dropped 0.15%, while the NASDAQ added 0.42% to its value. Technically, according to the 1-hour chart, the NASDAQ has breached the 30-day Moving Average line and its trading positive with the RSI above 50. As long as the index maintains this performance, a rise towards 7,000 can be expected. However, crossing below the average line may drop it to around 6,700.

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Dollar Down Slightly During Day of Mourning

U.S. Stock Market

Yesterday was a day of mourning in the United States following the death of former president George H. W. Bush, with no trading on Wall Street. U.S. indices finished in the red on Tuesday after the Dow Jones fell by 3.10%, the S&P 500 dropped 3.24%, and the NASDAQ lost 3.80% of its value. Technically, according to the 8-hour chart, the Dow is trading near the lower Bollinger band, with the RSI below 50. Should the index succeed in breaching the mid-band, we might see a rise towards the upper band around 26,000, while failure to do so may continue the bearish momentum and push the index down towards 24,500.

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Trumps Trade Tweets Cause Dollar Jitters

U.S. Stock Market

Wall Street closed lower on Tuesday, following losses across the Industrials, Technology and Financials sectors. The Dow Jones fell by 3.10%, the S&P 500 by 3.24%, and the NASDAQ lost 3.80% of its value. According to the 2-hour chart, as long as the S&P 500 is trading above the bullish trend line it is expected to rise to around 2,800, while breaking below it may take the index down towards 2,550.

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US-China Truce Results in Rally for Dollar’s Rivals

U.S. Stock Market

U.S. indices were up yesterday, due to gains in the Oil & Gas, Basic Materials and Technology sectors. The Dow Jones rose by 1.13%, the S&P 500 by 1.09%, and the NASDAQ added 1.51% to its value. Technically, according to the 2-hour chart, the Dow is trading above the 20-day Moving Average and could now climb towards 25,950, while crossing below the SMA may change the momentum and push the index down in the direction of 25,650.

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U.S. Manufacturing Makes Dollar Greater

U.S. Stock Market

Wall Street close higher on Friday, thanks to gains in the Telecoms, Utilities and Healthcare sectors. The Dow Jones was up 0.79%, the S&P 500 rose by 0.81%, and the NASDAQ added 0.79% to its value. Technically, according to the 4-hour chart, NASDAQ is trading above the 20-day Moving Average and could now climb towards 7,180. However, crossing below the line may change the momentum and push the index down in the direction of 6,800.

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