Factory best selling STEEL TUBE to Bulgaria Factory

Energy Shares Lower Market
Join UFX!

https://bit.ly/1LCq0XV

Wall Street ended lower on Monday, as losses in the Consumer Goods, Oil & Gas and Technology sectors led shares lower.The Dow Jones fell by 0.28%, the S&P 500 by 0.53%, and the NASDAQ lost 0.56% from its value. Google shares rose 1.03%, closing at $782.58.

The U.S. Dollar was little changed against the other majors on Monday, as overall confidence in the U.S. economy continued to lend some support to the greenback. Today, the Prelim GDP is expected at 3.0% vs 2.9% previously.

Gold rose, closing at $1193 an ounce. Crude Oil ended higher, closing at $46.92a barrel, after Iraq’s oil minister said he was “optimistic” that Wednesday’s crunch OPEC meeting will yield an agreement on output cuts.
Euro steady in face of upcoming Italian referendum
The euro held steady at 1.0614, although the gains were expected to remain in check amid concerns over an upcoming referendum in Italy. Technically, according to the 1-hour chart, the EUR/USD is trading below the resistance line at 1.0650. Holding below this line may lead the pair back towards 1.0500. However, breaching above could take it to around 1.0800. Today, the Spanish Flash CPI y/y is expected at 0.5% vs. 0.7% previously.
Pound recovering in face of Brexit
The Pound traded higher versus the dollar as hopes for a resilient UK economy in the face of the Brexit process allowed sterling to hold some gains against a weakening US Dollar. Technically, according to the 4-hour chart, the pound is holding above the support line at 1.2365. Remaining above this line could take the GBP/USD towards 1.2700, while breaking back below may lead the pair to around 1.2150. Today, the Net Lending to Individuals m/m is expected at 4.8B vs. 4.7B previously.