OctaFX | OctaFX Forex Broker
Open trading account

US markets back to pre-crisis levels, dollar in red

Equities in the US markets are trading well beyond 14,000 pts on Tuesday, posting multi-year highs in a context dominated by the celebratory mood. The greenback is now retracing prior gains, returning to the red territory as the risk-on mode is ruling.
At the moment, DowJones is up 1.10%, followed by the S&P500 and the Nasdaq, advancing 1.16% and 1.40%, respectively.

Markets in Europe closed in a ‘sea of green’ boosted by upbeat data from the services PMI prints and the increasing risk appetite. The DAX led the gains, up 2.32%, ahead of the IBEX35, 2.15% and the CAC40 2.09%. The single currency found buying interest after the positive PMI readings, pushing EUR/USD to the boundaries of 1.3080 although the upside faltered and retreated to the current area around 1.3050

Commodities are following the risk appetite trends today, with the barrel of WTI advancing 0.70% at $90.77 and the ounce troy of gold gaining 0.15% at $1574

Forex: EUR/USD recovers ground as stocks advance

After falling to fresh daily lows in the wake of strong ISM data, the EUR/USD saw a quick bounce during the American afternoon and managed to reverse intraday losses as the Dow reaches fresh record highs. At time of writing, EUR/USD is trading at the 1.3050 zone, 0.2% above its opening price.
Read more Previous

Forex: US Dollar Index finds support at 82.00

The greenback, tracked by the US Dollar Index, is trading in red on Tuesday, dragged by the increasing preference for riskier assets that dominated the markets throughout the session....
Read more Next
Start livechat