Wall Street finished in the red as oil prices dropped below $40. The Dow Jones fell by 0.45%, the S&P 500 by 0.64%, and the NASDAQ lost 1.10% from its value. Apple shares fell, closing at $106.13.
The U.S. Dollar traded high against most major currencies as the statements from the Federal Reserve continue to support U.S economy. The New Home Sales remained unchanged at 512K. Today, the Core Durable Goods Orders and the Unemployment Claims are expected at -0.2% and 267K respectively.
Gold fell, closing at $1,223 an ounce. Crude Oil fell, closing at $39.53 a barrel after the Crude Oil Inventories came at 9.4M vs. 2.5M forecast.
The euro fell versus the dollar, closing at 1.1178. Technically, according to the 4-hour chart, the pair has crossed below the bullish trend line and is trading below the 20-day Moving Average line. Breaching the bullish trend line once again may push the pair up towards 1.1350 areas. However, failing to do so may continue the negative momentum and drop the pair to around 1.1000.
The Pound fell versus the dollar, closing at 1.4114. Technically, according to the 4-hour chart, the pair is trading near the lower band of the Bollinger Bands indicator with the RSI below 50. Climbing towards the upper band may start a reversal and a rise towards 1.4500. However, crossing below the lower band may push the pair down towards 1.13900. Today, the Retail Sales is expected at -0.7% vs. 2.3% previously.