U.S. indices finished trading in the green in response to the release of a positive Unemployment Claims report. The Dow Jones rose by 0.36%, the NASDAQ added 0.12% to its value, and the S&P 500 increased by 0.29%, breaking its all-time high record. Technically, according to the daily chart, as long as the S&P 500 is trading above the 10 Moving Average line, it is expected to maintain the positive momentum and rise towards 2,050. However, crossing below the line may take the index back towards 1,900.
Microsoft shares rose by 0.60% after a 61.71% increase in its cash flow compared to the same quarter last year. Technically, according to the daily chart, as long as the share is holding above the bullish trend line and with the RSI indicator above 50, it is expected to rise to around 48.00. Crossing below the line may cause a retracement towards 40.00.
Gold fell, closing at $1,278 an ounce. Technically, according to the 8-hour chart, gold is trading in a negative momentum and has broken the support of $1,282. As long as it holds below $1,282, a fall towards $1,270 is expected. However, breaching the support may see a return to around $1,300.
Crude Oil fell, closing at $93.82 a barrel, after by the release of positive U.S. data. Technically, according to the 4-hour chart, oil is in a negative trend. If oil remains below the negative trend line and the RSI indicator holds below 50, it may continue falling towards $92.00.
The euro rose versus the U.S. Dollar as the French and the German PMI came out higher than anticipated. Technically, according to the daily chart, the EUR/USD is trading in a bearish momentum, supported by the MACD indicator, having broken the support of 1.3290. This may take the pair towards 1.3200, while a trend reversal may lead it to around 1.3400.
The Pound fell against the U.S. Dollar after the Retail Sales report disappointed at 0.1% vs. 0.4% forecast. Technically, the GBP/USD is trading below the support of 1.6700 with the RSI below 50. Maintaining the bearish momentum might drop the pair towards 1.6500. However, a trend reversal may see a rise towards 1.6700, and breaching this could test 1.6800 as the new resistance level.