dow jones

dow jones

UFXMarkets Daily Forex Currency Trading News 22-July-2014

1h ago
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Wall Street finished yesterday's trading in the red amid fears the crises in Gaza and Ukraine may begin to threaten global economic recovery. The NASDAQ fell by 0.17%, the Dow Jones by 0.28%, and the S&P lost 0.23% from its value. The U.S. Dollar traded higher versus its major counterparts, as investors monitor events in Ukraine and Gaza from the safe haven of the greenback. Today, Core CPI, CPI, and Existing Home Sales are expected. Gold rose, closing at $1,312 an ounce on demand from investors seeking safe harbor from geopolitical tensions. Crude Oil rose, closing at $102.72 a barrel. The euro fell versus the U.S. Dollar, closing at 1.3525. The EUR/USD is trading above the support of 1.3510. As long as the pair maintains this condition, a rise towards 1.3570 can be expected. However, breaking the support may drop it towards 1.3480 areas. The Pound fell against the U.S. Dollar to close at 1.7069. The GBP/USD is trading in a channel and is expected to rise to around 1.7150. However, crossing below the support level of 1.7060 may take the pair towards 1.7000. Today, the Public Sector Net Borrowing is expected at 10.3B vs. 11.5B and CBI Industrial Order Expectations at 9 vs. 11 previously. The Canadian Dollar finished unchanged versus the U.S. Dollar. The currency pair is bullish, rising by around 100 pips since last week. The USD/CAD is expected to retain this momentum and rise towards 1.0900. However, falling below the bullish trend line may see a return to around 1.0650.