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Wall Street closing: Dow breaks three day gains

FXStreet (Guatemala) - U.S. stocks closed lower Tuesday after a bad start. The Dow Jones industrial breaking a three-day streak of gains. We are into corporate earnings again while commodities are also setting the tone with drops in base metals on global growth fears with a new report from the Asian Development Bank that cut its growth forecast for China.

To start out, stock futures for the Dow Jones industrial average were down about 260 points on the back of the losses in European markets. Meanwhile, U.S. stocks then traded in a narrow range for most of the US shift session after opening lower. Miners were slammed following a 2% decline in copper prices and Glencore down more than 10 percent. The Nasdaq Composite hit a session low of 4,866.60 due to the iShares Biotechnology ETF (IBB), which closed down 3.16 percent.

EUR/USD was closing below the cluster of hourly MA's.

GBP/USD neutral/bearish - FXStreet

Valeria Bednarik, chief analyst at FXStreet noted that the GBP/USD pair advanced up to 1.5505 with the European opening, but once again failed to sustain gains beyond the critical level, and eased down to the 1.5430 region by the end of the US session.
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NZD/USD: resting up on the 1hr 200 SMA

NZD/USD is currently trading at 0.6747 with a high of 0.6754 and a low of 0.6747.
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