OctaFX | OctaFX Forex Broker
Open trading account
Back

Session Recap: USD broadly mixed

Indecision is the theme of the day on Tuesday as the euro failed to sustain gains versus the dollar after a promising start to the NY session, where EUR/USD rallied toward 1.3074 only to fall back to the 1.3015 zone afterward. However, the Aussie is holding onto gains versus the greenback, underpinned by gold, while the pound is among the worst performers once again, weighed by disappointing data from the UK which saw GBP/USD falling its lowest levels since June 2010. Elsewhere, crosses are mostly flat on the day while stocks trade lower in Wall Street.

Main Headlines in Europe (in chronological order):

Germany: February Annual inflation at lowest level since November 2010

Germany: Wholesale Price Index up 0.1% in February

United Kingdom Jan Industrial Production (MoM) down to -1.2% and (YoY) -2.9%

Greece Industrial Production (YoY) decreases to -4.8% in Jan

Spanish borrowing costs fall at short-term debt auction

Forex Flash: What to do with EUR/USD? – UBS and Commerzbank

Fundamental Morning Wrap: New BoJ team to hit the ground running?

Forex Flash: 2014 eyed as bounce back year in terms of global growth – NAB

Buba head says EU crisis not over yet

US: NFIB Business Optimism Index rises less than expected, at 90.8 in February

European markets higher, FTSE 100 up despite UK data

Rehn defends Eurozone’s austerity policy

American equity markets open cautiously on European concerns

Commodities Brief – Gold makes failed attempt at 1600, crude oil overtakes 93.00 mark

Forex Flash: Advanced economies underpin weak performance – NAB

The soft patch seen in global activity through the middle of last year resulted in an increase in the amount of idle capacity in the big advanced economies. By the end of 2012 around 20% of industrial capacity in the G7 was lying unused but unemployment had not risen in step with this softening in the pace of growth. The G7’s unemployment rate has been around 8.5% since early 2011 with a fall in the US jobless rate offsetting higher unemployment in the Euro-zone.
Read more Next
Start livechat