OctaFX | OctaFX Forex Broker
Open trading account
Back

US markets and dollar in red on jobs data

FXstreet.com (Barcelona) - Red is the dominating colour in the US markets on Wednesday, after the disappointing result from the ADP report in March is weighting on sentiment ahead of Friday’s Non-farm Payrolls. The US Dollar Index, which tracks the greenback, is also trading on the back foot and consolidating losses below the key 83.00 handle.
DowJones is losing 0.51% followed by the Nasdaq, 0.83% and the S&P500, 0.83%.

Bourses in Euroland also closed in the red territory on Wednesday following the softer-than-expected US data from ADP and ISM Non manufacturing. The Spanish benchmark led the losses, down 1.81%, seconded by the CAC40 and the FTSE100, losing 1.32% and 1.08%, respectively.
The single currency broke above the key level of 1.2800 and climbed to the boundaries of 1.2870 after the poor ADP data in the US economy, although trimming some gains at the moment around 1.2840/45.

Commodities are getting hammered, with the barrel of WTI retreating 2.18% at $95.07 and the ounce troy of gold following suit, down 1.49% at $1,552.

Forex Flash: Geopolitical tensions in Asia highlight risk – Deutsche Bank

The escalating tensions between North and South Korea continue to dominate market headlines overnight. The KRW dropped to a six-month low against the Greenback after the latest news that South Korean workers were refused access to an industrial park (Gaeseong zone) jointly run between the two countries for the first time since 2009.
Read more Previous

Crude oil falls tests 95.00 level

Crude oil has experienced a tumultuous fall after multiple failed attempts at the 97.00 level Wednesday. With the publication of some lackluster US economic data, including a notable lower-than-expected ADP employment figures, crude broke below above the 96.00 level to test the USD $95.00/bbl barrier in these moments. In particular, the recent negative price action suggests crude oil could be in the process of forming a top, as rsi are showing holding negative.
Read more Next
Start livechat