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Session Recap: Market on Dollar pro-risk mode

With a risk appetite boosted by upbeat data from the services PMI prints and the US stocks market in a 'sea of green', the USD is trading firm against its major competitors. While the EUR/USD remains pegged at the 1.3030 area, the GBP/USD's recovery has been capped at 1.5200 and launched to the 1.5100 zone.

The USD/JPY has been unable to trada above the 93.50 and the AUD/USD tested levels above the 1.0250. Major crosses remain well within their recent ranges as investors hold a cautious mood ahead of the ECB and BoE decisions and the so-awaited NFP report.

American equity markets surge Tuesday

US: ISM Non-Manufacturing PMI surprises by rising to 56.0 in February

Troika to suggest loan extension options for Ireland and Portugal and resume aid talks with Cyprus

Forex: GBP/USD drops on US ISM non-manufacturing PMI

Forex: EUR/USD hits daily low after ISM

Fundamental Afternoon Wrap: Euro PMIs and Central Bank meets in focus

Forex: USD/JPY testing session highs on better US ISM

Forex: USD/CAD extends recovery to 1.0290

Euro hovers over 1.3000, but for how long?

Forex: GBP/USD threatens 1.5100

Forex: AUD/USD remains capped by 1.0250

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

Forex: EUR/GBP recovers to 0.8630

After falling from 0.8635 to 0.8585, 1-week low, the GBP/USD has been trading on recovery mode with the pair rising to test the 0.8630 level. Currently the pair is trading at 0.8625, 0.12% above opening price.
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Forex Flash: Dow Jones on record high, but easy-money fuelled move not to last - Societe Generale

The market reaction is changing, says Kit Juckes, head of currency strategists at Societe Generale, who argues that despite "the Dow may made a new all-time high, and asset prices from housing to wine to art to the FTSE will all be dragged higher in the US equity market’s wake, fewer and fewer other markets are following suit and that is as clear a sign as any that the whole hyper-correlated easy-money fuelled move is running out of steam."
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