Wall Street finished in the green higher after the close on Wednesday as gains in the Technology, Healthcare, and Basic Material sectors led shares higher. The Dow Jones rose by 0.14% and the NASDAQ added 0.50% to its value. The US dollar made modest gains on Wednesday as the Federal Reserve held steady as expected, but signalled an upbeat view on the economy and the prospect of sticking to a forecast of as many as three rate hikes this year. Today, the Unemployment Claims is expected at 251K vs. 259K previously. Gold rose by 0.23%, closing at $1,212 an ounce. Crude Oil rose by 1.40%, closing at $53.55 a barrel.
The euro fell by 0.27% versus the dollar, closing at 1.0780. On the 4-hour chart, the pair has breached the 20-day Moving Average with the MACD indicator above 0. Holding above these levels may lead the pair near 1.0850. However, breaking below the level may cause a drop towards 1.0650. Today, the European Central Bank president Mario Draghi is due to speak. The pound rose by 0.63% versus the dollar, to close at 1.2658. On the 4-hour chart, the pair is trading below the resistance level at 1.2725. Holding below the resistance may lead it towards 1.25. However, with the RSI indicator above 50, we might see the pair breaching the resistance and rising towards 1.2750. Today, the MPC official bank rate vote is expected to remain at 0,0,9 and the official rate at 0.25%.