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US stocks erased gains, USD strengthened

FXStreet (Córdoba) - Equities in the US opened in positive territory but turned to the downside and erased gains, while European markets finished mixed after the referendum. The FTSE 100 rose 0.27%while the Dax climbed marginally 0.01%; the FTSE MIB lost 0.74% and the Cac 40 declined 0.08%. On the first day of trading of Alibaba, the Nasdaq was falling 0.55%, the S&P 500 was losing 0.12% and the Dow Jones was up 0.06%. The last two indexes reached intraday record highs.

In the currency market, the pound was pulling back sharply, after the official results of the referendum while the US dollar gained momentum across the board; EUR/USD was trading at 2014 lows, around 1.2930 and USD/JPY slightly below 109.00.

Gold was falling after being unable to hold above $1,220 and was testing the key short term support around $1,215. Crude oil was falling more than 1% trading barely above $92.00 a barrel.

CAD and crosses short-term technicals - TDS

Analysts at TD Securities gave us a snap shot at the short term technicals for the CAD and crosses.
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