Wall Street finished in the red with Technology leading the drop. The Dow Jones fell by 0.04%, the S&P 500 by 0.29%, and the NASDAQ lost 0.85% from its value. The US dollar traded higher against the other major currencies with the Final GDP and Pending Home Sales coming out with a good result. Today, the Chicago PMI and the Personal Spending is expected at 62.1 and 0.2% respectively. Gold fell by 1.47%, closing at $1,325 an ounce. Crude Oil fell by 0.87%, closing at $64.66 a barrel.
The euro fell by 0.74% versus the dollar, closing at 1.2311. On the 1-hour chart, the pair is trading above the support level at 1.2297 with the RSI below 0. As long as the pair holds above the line, a rise towards 1.24 can be expected. However, crossing below the level may drop the pair towards 1.2250. Today, the German Prelim CPI is expected unchanged at 0.5%. The pound fell by 0.54% versus the dollar, closing at 1.4080. On the 4-hour chart, the pair is trading in an ascending channel with a negative momentum indicator. Breaking below the lower line of the channel may drop the pair towards 1.39. Breaching the upper side may lift it towards 1.42. Today, the Current Account and the Final GDP are expected at -24B and 0.4% respectively.