OctaFX | OctaFX Forex Broker
Open trading account
Back

US markets in green on US data, dollar retreats

Equities in the US markets are extending the upside on Thursday, printing fresh record highs after the improvement of the US labour market added extra support to the risk appetite. The US Dollar Index is markedly lower against its rivals, just bouncing from session lows around 82.14
As of writing, the DowJones is advancing 0.24%, followed by the S&P500 and the Nasdaq, down 0.13% and 0.14%.

Markets in Europe closed with gains after the ECB and the BoE left their monetary policies unchanged, supported as well by well-received Spanish bond auctions. The CAC40 led the winners, advancing 0.53%, seconded by the IBEX35 and the DAX, up 0.36% and 0.26%, respectively. The single currency found relief on Draghi’s press conference, climbing to the boundaries of 1.3120 after testing year lows at the end of the NA session on Wednesday.

Commodities are inching higher, with the barrel of WTI up 1.01% at $91.35 and the ounce troy of gold following suit, up 0.03% at $1575

Forex: GBP/USD backs away from highs

Despite broad dollar weakness and the fact that the BoE left its policy unchanged versus some expectations of an increase in the amount of QE, the pound failed to hold gains and surrendered most of them during the NY session.
Read more Previous

Forex: EUR/GBP extends advance to 0.8730

The Euro is trading at March highs against the Sterling following the bullish Draghi's speech on growth expectations. The EUR/GBP has advanced around 100 pips in the American session from 0.8635 to break above the 0.8700 level and reach 0.8730, fresh highs since February 25th.
Read more Next
Start livechat