consumer confidence

consumer confidence

UFX Daily Forex Currency Trading News 01-July-2015

21h ago
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https://go.ufx.com/ReDir.aspx?TLID=45354&UTM_Source=Youtube&UTM_Content=SiteReg&mktData=UFX_Channel Wall Street finished in the green with the Dow Jones rising by 0.13%, the S&P 500 by 0.27%, and the NASDAQ adding 0.57% to its value. Technically, according to the daily chart, the NASDAQ is trading above the support level of 4,365. Yahoo shares rose by 0.98%, closing at $39.29. The US Dollar traded high against most of the major currencies on data showing that US consumer confidence improved more than expected in June. The Greek default also buoys up safe-haven demand for the greenback. Today, expect high volatility with the ADP Non-Farm Employment Change and the ISM Manufacturing PMI due for release. Gold fell, closing at $1,172 an ounce. Crude Oil rose by 1.33%, closing at $59.10 a barrel. The euro fell 0.87% versus the dollar to close at 1.1138. On the daily chart, the pair is trading below the resistance of 1.1475 with the RSI indicator below 50. As long as the pair maintains these conditions a fall towards the next support level at 1.0850 is likely. However, breaching the RSI 50 may lead to a reversal in momentum and a rise towards 1.1475. Today, the Eurogroup Meetings are due to take place. The Pound fell versus the dollar, closing at 1.5684. On the daily chart, the pair is holding below the resistance level at 1.5930. If the MACD indicator remains above 0, a retest of the resistance level is possible. But should it drop below 0, a fall towards 1.5600 is likely. Today, the Manufacturing PMI is expected at 52.6 vs. 52.00 previously.