Forex Videos

The Wall Street finished mixed yesterday with S&P 500 falling by 0.02%, NASDAQ rising by 0.04% and Dow Jones adding 0.02% to its value. The US Dollar traded higher against most major currencies on speculation that Interest rates hikes may appear sooner than expected while the European Central Bank's recent decision to lower rates boosted demand for the dollar. Gold rose by 0.49% to close at $1,260 an ounce. Crude oil fell by 0.09% to close at $104.32 a barrel. The Euro fell versus US Dollar with pair still maintaining a near 4 month low as a result of Interest rate cuts in Europe. As long as the Moving averages 20 and the pair is expected to fall to around 1.35. However breaching the resistance of 1.3670 may lead the pair to around 1.3750. The Pound fell versus US Dollar on soft Manufacturing Production data. The Cable has crossed below the bullish trend line and is expected to continue falling towards 1.67. Today the Unemployment rate at 6.7% vs. 6.8% previously.