OctaFX | OctaFX Forex Broker
Open trading account

American equity markets pull back Thursday

The US Stock market experienced a slightly negative opening Thursday after the publication of economic data in the United States with much of the world eying the central bank action in Europe. In the US, Continuing Jobless Claims (January 27) came in at 3.224M, relative to a figure of 3.216M previously. In addition, Initial Jobless Claims (February 3) were reported at 366K, against expectations calling for only 360K.

Beginning with the indices and composites, the NASDAQ fell -0.04% as it settles in region of 3165.93, down -1.28 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1511.31, descending 0.62 points or -0.04% at the time of writing. Finally, the Dow Jones has moved lower at the opening as well, trading in the zone of 13968.32, presently -0.13% after a setback of -17.69 points.

Sectors are all mixed at the opening, however the Consumer Cyclical and Consumer non Cyclical sectors have distinguished themselves as the winners thus far, climbing +0.36% and +0.21% respectively. In other news, the price of crude has settled above USD $97.03 Thursday.

Forex: GBP/USD edges lower during ECB press conference

Despite some initial volatility, GBP/USD has avoided the sharp reaction seen elsewhere as ECB President Draghi´s delivered his policy statement and subsequent press conference.
Read more Previous

Forex: EUR/GBP plunges below 0.8600 on ECB and BoE

After the EUR/GBP plunge on incoming BoE Governor Carney's speech before the UK Parliament to test the 0.8600 mark, the 0.8636 opening price became resistant to any upside attempt. Then, ECB's Draghi press conference did the rest. The cross eased below the 0.8600 and found its current low at 0.8560 (-0.88% on the day).
Read more Next
Start livechat