Daily Market Review - 02/25/2014

US Stock Market

NASDAQ

US indices finished the trading session higher, supported by a rally in healthcare stocks and European indices. The S&P 500 rose by 0.62%, the Dow Jones by 0.64%, and the NASDAQ added 0.69% to its value. Technically, according to the daily chart, as long as the NASDAQ is trading above the support of 3,635, it should keep the positive momentum towards 3,750 points. The MACD indicator is holding above 0 which also supports the trend.

Euro (EUR)

EURUSD

The euro finished unchanged against the US Dollar yesterday despite the German Ifo Business Climate coming out better than expected at 111.3 vs. 110.7. Technically, according to the daily chart, the EUR/USD is converging into a Triangle pattern after failing to breach the upper band of the Bollinger Band indicator. Maintaining these conditions may lead to a fall to around 1.3650, while crossing above the upper Bollinger Band may take the pair higher.

Pound (GBP)

GBPUSD

The Pound rose against the US Dollar, led by new highs in the FTSE and a better forecast for the BBA Mortgage Approvals. Technically, the GBP/USD is trading above the support level of 1.6630. According to the daily chart, the pair is expected to retain it positive momentum towards 1.6700. However, crossing below this level may lead the pair towards 1.6550 again. Today, the BBA Mortgage Approvals is expected to come out at 47.9K vs. 46.5K previously.

eBay

eBay

eBay’s shares rose by 3.13% closing at $56.30 after the company decided to stay with PayPal. Technically, provided the share price holds above the support of $55.50 and above the Moving Average 20, it should rise towards $59.00, but not before testing the next resistance level at $57.50.

Gold

Gold

Gold rose by 0.94% to close at $1,336, led by weak Chinese housing data. Technically, according to the daily chart, as long as the RSI is maintaining a solid bullish momentum and gold is holding above 1,312, it may rise towards the resistance of $1,360. However, falling below this may lead gold to around 1,300 again.

The post Daily Market Review – 2/25/2014 appeared first on Citrades.

DISCLOSURE: Information on IntelliTraders should not be seen as a recommendation to trade binary options or forex. IntelliTraders is not licensed nor authorized to provide advice on investing and related matters. Information on the website is not, nor should it be seen as investment advice. Clients without sufficient knowledge should seek individual advice from an authorized source. Binary options and forex trading entails significant risks and there is a chance that clients lose all of their invested money. Past performance is not a guarantee of future returns.

This website is independent of binary brokers featured on it. Before trading with any of the brokers, clients should make sure they understand the risks and check if the broker is licensed and regulated. We recommend choosing a regulated broker. In accordance with FTC guidelines, IntelliTraders has financial relationships with some of the products and services mention on this website, and IntelliTraders may be compensated if consumers choose to click these links in our content and ultimately sign up for them.

IntelliTraders does not accept any liability for loss or damage as a result of reliance on the information contained within this website; this includes education material, price quotes and charts, and analysis. Please be aware of the risks associated with trading the financial markets; never invest more money than you can risk losing. The risks involved in trading binary options are high and may not be suitable for all investors. The IntelliTraders Network is educational material and not trading advice. Trade at your own risk.

© 2025 IntelliTraders, inc. All rights reserved. Privacy Policy Terms & Conditions