OctaFX | OctaFX Forex Broker
Open trading account
Back

US markets posting gains on US data, dollar advances firmly

Shares in the US markets are trading in the positive ground on Friday, after positive data in the US economy helped to allay jitters on the US ‘sequester’. The greenback, measured by the US Dollar Index, is advancing firmly and consolidating gains above the key level at 82.00
At the moment, DowJones is up 0.27% ahead of the S&P500 and the Nasdaq, advancing 0.24% and 0.32% respectively.

Markets in Euroland closed with losses on Friday, with the sole exception of the FTSE100, up 0.28% on the day. Market sentiment in the euro area remained depressed after the unemployment rate in the bloc ticked higher during January and the EMU CPI rose an annualized 1.8% in January, vs. 2.0% previous. The CAC40 retreated 0.62%, followed by the IBEX35 0.525 and the DAX, 0.43%. The single currency posted fresh multi-month lows in the area of 1.2960/65 in a context dominated by rising risk aversion on the US ‘sequester’, finding some buying interest later after positive comments by US President Barack Obama.

The commodities are trading in the defensive position, with the barrel of WTI losing 1.75% at $90.44 and the ounce troy of gold down 0.25% at $1574

Forex: GBP/USD keeps perfect range above 1.5000

After a brief raid bellow the 1.5000 frontier to reach the lowest level since July 2010 at 1.4985, the GBP/USD recovered the 1.50 position to return to the previous range between 1.5010 and 1.5045. Currently the pair is testing the bottom of the range at 1.5015.
Read more Previous

Forex: US Dollar Index consolidates gains above 82.00

The US Dollar Index, which tracks the greenback against its major rivals, is posting strong gains on Friday, boosted by the increasing risk aversion on the US ‘sequester’...
Read more Next
Start livechat