Tech sector lifts market Join UFX! https://bit.ly/1QVjsVV Wall Street finished higher as gains in the Technology, Healthcare and Basic Materials sectors lifted the market. The Dow Jones rose by 0.14%, the S&P 500 by 0.03%, and the NASDAQ added 0.50% to its value. Apple shares rose 6.10%, closing at $128.75. Apple reclaimed the throne as the world's top smartphone seller for the first time in five years on Tuesday, beating out rival Samsung in units shipped for the holiday quarter and boosting revenues with a strong showing for its new, top-of-the-line iPhone 7 Plus. The U.S. Dollar made modest gains on Wednesday as the U.S. Federal Reserve held steady as expected, but signaled an upbeat view on the economy and the prospect of sticking to a forecast of as many as three rate hikes this year. Today, the Unemployment Claims is expected at 251K vs. 259K previously. Gold rose 0.23%, closing at $1,212 an ounce. Crude Oil rose 1.40%, closing at $53.55 a barrel, with the Crude Oil Inventories coming out at 6.5M vs. 2.6M previously. The euro fell 0.27% versus the dollar, closing at 1.0780. On the 4-hour chart,the pair has breached the 20-day Moving Average, with the MACD indicator above 0. Holding above these levels may lead it towards 1.0850, while breaking below the line could cause a drop towards 1.0650. Today, ECB President Mario Draghi is due to speak. The Pound rose 0.63% versus the dollar to close at 1.2658. On the 4-hour chart, the pair is trading below the resistance level at 1.2725. Holding below this level may drop it towards 1.2500. However, with the RSI indicator above 50, we might see the pair breaching the resistance and rising towards 1.2750. Today, the MPC Official Bank Rate Vote is expected to remain at 0-0-9 and the Official Bank Rate at 0.25%.
Visibility: 81
Duration: 2m 38s
Rating: 3