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US stocks close down amid geopolitical and summer low trade

FXStreet (San Francisco) - Wall Street closed down on Tuesday as investors remain concerned about Ukraine conflict and the lack of resolution. In addition, low volume trading added pressure to the bulls.

The Dow Jones declined 9.44 points or 0.06% to finish the day at 16,560.54; the S&P 500 eased 3.17 pts or 0.16% to close at 1,933.75; while the Nasdaq Composite lost 12.08 pts or 0.27% to 4,389.25.

EUR/USD consolidates above 1.3350

The EUR/USD is about to finish the session trading barely below 1.3370.
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DXY: Improved medium term setup - JPMorgan

The bullish breakout above the key 81.00/50 resistance zone suggests an improved medium term setup for the broad USD picture, notes John Normand and Niall O'Connor, FX Strategists at JP Morgan.
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