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Wall Street saw declines all around with the NASDAQ falling by 1.00%, the Dow by 0.43%
and the S&P by 0.67%. The US dollar, however, gained versus most of the majors as talks
to form a Greek government failed, fueling concern the nation may leave the shared currency.
In commodities, Gold fell by 0.18%, closing at $1,540 an ounce. Crude also fell by 0.54%
to close at $92.77 a barrel, the lowest in five months..
Turning now to currencies, traiding below resistance at 1.2780, keeps the EUR/USD's
momentum negative, with the pair possibly testing 1.2625 again. However, should the
pair break below 1.2625, it may reach 1.2850 again. The RSI points to the trend remaining
bearish. Overall, the pair traded with a low of 1.2680 and a high of 1.2758. Today sees
Bank Holidays in both Germany and France. Similarly, the GBP/USD is maintianing resistance
at 1.6060, pointing to a bearish trend, even though it might test 1.5876. If the pair breaks
down below this it may reach 1.5800. Claimant Count Change came out much better at -13.7K
than the expected 4.9K. Finally, the AUD/USD will also continue its
bearish trend if it maintains resistance at 0.9980. Breaking 0.99 could cause it to test
support at 0.9865.