Wall Street stocks closed higher on Tuesday, as gains in the Technology, Consumer Goods, and Utilities sectors lifted the market. The Dow Jones rose by 0.19% and the NASDAQ added 0.19% to its value. The US dollar pared back gains against the other major currencies, while the euro remained on the back foot as rising political risk in the Eurozone weighed. Today, the 10-year Bond Auction is expected at 2.34 vs. 2.6. Gold rose, closing at $1,235 an ounce. Crude prices fell more than 1%, pressured by growing gasoline stockpiles in the United States as evidence of a burgeoning revival in the US shale production could complicate efforts by OPEC and other producers to supply glut.
The euro fell, closing at 1.0685. On the 4-hour chart, the EUR/USD pair is trading below the resistance level at 1.0812 with the MACD indicator below 0. Holding below this level may lead the pair back towards 1.05. However, breaching above the level could take it towards 1.10. Today, the German 10-year Bond Auction is expected at 0.36. The pound traded higher versus the dollar, closing at 1.2506. On the 1-hour chart, the pound is holding above the support level of 1.2415. Maintaining above this level could take it towards 1.27. However, crossing below this level may lead it towards 1.22.