US stocks fell for a fourth day in a row $XAUUSD

  • US stocks fell for a fourth day, the longest slump since August with the market sentiment being soured by a disappointing Consumer Confidence report and cooling business activity
  • With the weaker US data and continuing issues in Europe, US Treasuries rallied with 10 Year Note Yields falling to 4 month lows
  • US reporting season continues with Exxon Mobile falling after missing earnings estimates. Amazon shares slumped after it announced it may lose money in the coming Q1
  • Leading the moves on the Dow was AXP which rallied 2.08% followed by XOM, MRK, AA and INTC falling 2.05%, 1.59%, 1.55% and 1.20%
  • DOW –0.16%, S&P500 -0.05% and NASDAQ 0.07%
  • EUR attempted to rally making a high of 1.3213 before failing, the AUD tested the 1.0700 level making a high of 1.0683 before falling
  • Gold was slightly higher overnight rallying by 0.5% due to the weaker USD. Oil was off 0.5% due to the disappointing US economic data
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