US stocks were mixed after the close on Friday, as gains in the Utilities, Technology, and Basic Materials sectors led shares higher, while losses in the Industrials, Financials, and Consumer Services sectors led shares lower. The Dow Jones fell by 0.11% and the NASDAQ added 0.09% to its value. The US dollar traded lower against the other majors on Friday, after weaker than expected inflation and retail sales data. Today, the Empire State Manufacturing Index is expected at 7.2 vs. 5.2 previously. Gold traded higher, closing at $1,228 an ounce. Crude Oil rose, closing at $47.90 a barrel.
The euro traded higher versus the dollar despite a surprise fall in Eurozone industrial output. On the 1-hour chart, the EUR/USD pair is holding below the resistance level at 1.0950. Maintaining below this level could take the pair towards 1.0750, while crossing above may lead the pair towards 1.1050. The pound fell against the dollar on Friday, closing at 1.2881. On the 4-hour chart, the GBP/USD pair is trading in a channel between the support at 1.2850 and the resistance at 1.2985. Breaching above the upper side of this channel could lead the pair towards 1.32, while dropping below the lower side may take it towards 1.27.