Tuesday, August 14, 2018



Fundamental Highlights

After a four day losing streak, the Dow has regained momentum as the Turkish Lira rebounded 8% against the U.S. Dollar. The main direction of the U.S. market remains unknown but is definitely depending on any news that comes up from the tensions between the United States and other countries such as China, Turkey and Russia. US Retail Sales data will also act as a catalyst do and a positive surprise to the upside could provide fresh stimulus.

Technical Analysis

The Dow Jones rose 112.22 points during yesterday's session. Today's move may be oriented towards the 25168.0 area. Once it reaches that area it could rise in the direction of the 25322.0 resistance level.

Support: 25168.0 25124.5
Resistance: 25322.0 25388.0

Chart (H1)