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For more currency & commodity news & info, visit http://ufx.co/UFXM-youtube Wall Street closed Friday in the green with the indices continuing to reach new highs and rising for the last 4 weeks with no signs of ending and with finance and technology leading the gains. Microsoft rose by 2.32% to close at $34.87. The S&P 500 gained by 1.03%, NASDSAQ rose by 0.18% and Dow Jones added 0.28% to its value. Technically, according to the 1 hour chart, NASDAQ is trading in an ascending channel and is expected to keep the positive momentum towards 3,550. The Dow Jones remains bullish but the index is in near overbought condition according to the RSI indicator and retracement towards 15,260 is expected. In Commodities, Gold fell by 1.02% closing at $1355.34 an ounce affected by better than expected economic data. Technically, according to the daily chart, the key support level is at $1,336. Breaking below this level could lead the precious metal towards $1,300 areas. The RSI indicator holding below 50 supports the bearish trend as well. Crude Oil prices climbed by 1.03% to close at $96.02 a barrel as U.S. Prelim Consumer Sentiment data rose more than expected in May. Technically, according to the 4-hour chart, we notice a "Symmetrical Triangle" pattern and the "Black Gold" is expected to rebound towards 94.70 again. The US Dollar finished the trading week stronger versus most majors currencies over concerns about the developing economic crisis in the Euro Zone, pushing the investors to the safe haven of the greenback. Prelim Consumer Sentiment came out better than expected at 83.7 vs. 77.9. No major economic data is expected today. The Euro declined versus the U.S dollar after the better than expected economic data in the U.S added to expectations for a near term end to the Federal Reserve's bond buying program. Technically, according to the weekly chart, we notice a "Head & Shoulders" pattern and the EUR/USD is expected to keep the negative momentum towards 1.2740. The pair is also trading below the Moving Average 20 indicator which supports the bearish trend as well. Today, the German and the French banks is expected to be closed. The Pound declined against the U.S Dollar but rose versus the Euro and the Japanese Yen after the Governor of the Bank of England published the forecast for U.K growth in the last inflation report. Technically, according to the 4-hour chart and using "Fibonacci Retracement", the pair has completed the expected retracement. Holding below the support level of 1.5200 will keep the negative momentum towards 1.5090. No major economic data is expected today. The Canadian dollar declined versus the US dollar after Core CPI data came out worse than expected at 0.10% vs. 0.20% and Wholesale Sales at 0.30% vs. 0.40%. Technically, according to the weekly chart, we notice an "Ascending Triangle" and the pair is climbing towards the key resistance of 1.0310. Breaching above this level could lead the pair towards 1.0445. No major economic data is expected today.