UFX Daily Forex Currency Trading News 23-March-2016

Wall Street ended mixed yesterday as declines in consumer and telecom stocks offset a jump in healthcare shares.The Dow Jones fell by 0.23%, the S&P 500 by 0.09%, while the NASDAQ added 0.27% to its value. Amazon shares rose by 1.17%, closing at $560.48 a share.

The U.S. Dollar traded moderately higher against most major currencies as investors were cautious after a series of explosions in Brussels. Today, US New Home Sales is expected at 512K vs 494K previously.

Gold rose, closing at $1248 an ounce. Crude Oil fell, closing at $41.29 a barrel. Today, the Crude Oil Inventories is expected at 2.5M vs 1.3M previously.

The euro dropped versus the dollar after the terror attack in Brussels. Technically, according to the daily chart, as long as the EUR/USD is holding below the resistance at 1.1340, it is expected to drop towards 1.0800; crossing above the resistance may lead the pair to around 1.1600.

The Pound fell against the dollar after the release of disappointing U.K. inflation data. Technically, according to the daily chart, the GBP/USD is trading above the support line at 1.4125. Holding above this line may lead the GBP/USD towards 1.4650. However, breaking below the line could take the pair to around 1.3900.