OctaFX | OctaFX Forex Broker
Open trading account
Back

American equity markets open positively Monday

The US Stock market experienced an upbeat and positive opening Monday, as investors eye the looming March 1 deadline in the US. Beginning with the indices and composites, the NASDAQ rose +0.55% as it settles in region of 3179.64, up +17.27 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1522.49, ascending +6.96 points or +0.46% at the time of writing. Finally, the Dow Jones has moved high at the opening as well, trading in the zone of 14040.27, presently +0.28% after a movement of +39.70 points.

Sectors are nearly all in the green currently, however the Energy and Technology sectors have distinguished themselves as main winners thus far, advancing +0.59% and +0.56% respectively. In other news, the price of crude has settled below USD $93.49/bbl Monday.

Session Recap: Euro firmer as Italian centre-left party leads polls

The European session was relatively quiet with most currencies reversing their Asian bias. The US dollar trades lower overall, with the euro wavering around 1.3300 as investors await news from the Italian election. First exit polls show Italy's centre-left leads in election. Elsewhere, the yen retraced early losses versus the dollar and the pound remains under pressure after Moody's downgraded the UK. The Aussie is a tad firmer as it shrugged off disappointing Chinese data, while the CAD remains virtually unchanged.
Read more Previous

Forex: GBP/USD tests 1.5100 for support

Following the early plunge to 1.5074, the GBP/USD spent the trading day moving above 1.5100 but mostly limited below 1.5150. With the NY session ahead, the pair fell back to test the 1.5100 mark, where it held.
Read more Next
Start livechat