OctaFX | OctaFX Forex Broker
Open trading account

US markets in red as Chinese woes loom

Equities in the US markets are trading in the defensive position at the beginning of the week, as the likeliness of Chinese measures to counteract the worrying bubble in the housing sector could hamper the recovery of the domestic demand. The greenback, gauged by the US Dollar Index, is trading flat above the 82.00 mark, as markets remain directionless so far.
DownJones is down 0.33%, followed by the S&P500, 0.29% and the Nasdaq, 0.36%.

Markets in Euroland closed in the mix territory on Monday, as China and the so-called US ‘sequester’ undermined investors’ confidence. The IBEX35 advanced 0.72%, seconded by the CAC40, 0.27% while the FTSE100 and the DAX retreated 0.52% and 0.21%, respectively. The single currency is clinging to the 1.3000 level and trading in a narrow range between 1.2980 y 1.3020, reflecting the lack of direction in the markets.

In the commodities space the barrel of WTI is extending the recent bearishness, losing 1.17% at $89.63 while the ounce troy of the precious metal is posting meagre gains at $1572, or 0.02%

Forex: USD/CAD testing overnight highs above 1.0300

Renewed weakness surrounding the Canadian dollar is pushing the cross above the key mark of 1.0300 on Monday, after bottoming in the proximity of 1.0280...
Read more Previous

Forex: US Dollar Index flat above 82.50

The greenback, measured by the US Dollar Index, is trading almost unchanged on Monday, meandering between 82.30 and 82.50 in response to the lack of direction prevailing in the markets...
Read more Next
Start livechat