Wall Street finished mixed on Tuesday, as stocks digested a slew of earnings with Goldman Sachs leading the Dow lower and the NASDAQ holding ground after positbve news from Netflix, while investors showed concern over political developments sorrounding healthcare. The Dow Jones fell by 0.25%, the S&P 500 gained 0.06%, and the NASDAQ added 0.47% to its value. The US dollar traded lower against the other major currencies on Tuesday, amid growing investor doubt over President Donald Trump's ability to deliver on his economic agenda, after a healthcare bill aimed at replacing Obamacare failed to garner enough votes. Today, Building Permits is expected at 1.2 million vs. 1.68 million previously. Gold traded higher on Tuesday, trading at $1,242 an ounce. Crude Oil traded higher on Tuesday, closing at $46.44 a barrel.
The euro traded higher versus the dollar, closing at 1.1556, as traders continued to expect the European Central Bank to taper its ultra accomodative monetary policy measures. On the 1-hour chart, the pair is trading above its resistance with the ADX indicator above 20. Maintaining these conditions may take the pair even higher towards 1.17, while breaking below the line may start a bearish trend towards 1.1350. The pound traded lower versus the dollar, closing at 1.3042. On the 2-hour chart, the pair is trading below the mid-band of the Bollinger Band indicator at 1.3059 with an RSI indicator below 50. Crossing above the mid-band can take the pair up towards 1.3220, while dropping below the lower band may start a stong retracement falling back to 1.28. The CPI data came out weaker than expected at 2.6% vs. 2.9% forecast.