UFX Daily Forex Currency Trading News 14-April-2015

U.S. indices finished in the red as losses in the Utilities, Industrials and Oil & Gas sectors led shares lower. The NASDAQ fell by 0.15%, the S&P 500 by 0.46%, and the Dow Jones lost 0.45% from its value. Facebook shares rose by 1.18%, closing at $83.01 a share.

The U.S. Dollar fell slightly against most major currencies but remained supported by growing expectations for a U.S. rate hike in the coming months. Today, the Core Retail Sales is expected at 0.7% vs. -0.1%, the PPI at 0.3% vs. -0.5%, and Retail Sales expected at 1.1% vs. -0.6% previously.

Gold fell, closing at $1,199 an ounce. Crude Oil rose, closing at $51.99 a barrel.

The euro fell versus the U.S. Dollar, closing at 1.0572, close to a 12-year low as tensions between Greece and its creditors remained high and ahead of a flurry of key U.S. economic data later this week. The EUR/USD is trading in a descending channel with the MACD indicator below 0. Staying in the channel could lead to a fall towards 1.0450. However, breaching the upper line of the channel may see a retracement towards 1.0700. Today, the German WPI is expected at 0.2% vs. 0.5% previously.

The Pound rose versus the U.S. Dollar, closing at 1.4668. The Cable is trading between the Bollinger bands close to the lower, with the RSI indicator below 50. Maintaining these conditions may lead the pair to a drop towards 1.4500. However, rising towards the upper band may take it to around 1.4800. Today, the CPI is expected at 0.0%, the PPI Input at -0.5% vs. 0.2% and the RPI at 1.0%.

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