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Wall Street falls with negative economic data

|Includes: SPDR Dow Jones Industrial Average ETF (DIA), FXE, GLD, SPY, USO, UUP
US stock markets fell on monday 1st of August.
Silver and Gold closed lower.
The Euro was lower by one figure vs the USD in a day with strong volatility.
West Texas Intermediate Crude Oil closed around $96 per barrel.

The Big Picture

On monday 1st of August, US stock markets started the day higher but closed lower with the negative economic data and the continuing debt debate that is expected to be solved early this week.

Source: Bespoke Investment Group

 

Outlook

S&P 500 presents resistance 1308 to 1312 points and support at 1210 points

Gold presents resistance at $1645 to $1656 and support at $1580 and below at $1.568 to $1548.

The Euro euro presents resistance at $1,4750 and support at $1,40 and below at $1,3730.

Crude Oil presents resistance at $102,40 to $104 and support around $91,40.


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