OctaFX | OctaFX Forex Broker
Open trading account

US Markets in red as NFP still weights

FXstreet.com (Barcelona) - Equities in the US markets are trading in the defensive territory on Monday, as traders are still digesting the poor data from March Payrolls alongside some logic profit taking. The greenback, tracked by the US Dollar Index, is advancing against its major rivals although still below the 83.00 handle.
At the moment, DowJones is down 0.23% followed by the S&P500 and the Nasdaq, retreating 0.01% and 0.04%, respectively.

Bourses in Europe mostly closed the day with gains, recovering ground after last week’s sell-off, against the backdrop of increasing jitters on Portugal. The FTSE100 was the best performer, advancing 0.43% and followed by the CAC40, 0.09% and the DAC, 0.05%. The Spanish benchmark retreated 0.14%. The single currency was rejected in the area of 1.3040, falling later to the current area around the psychological mark at 1.3000.

In the commodities space, the barrel of WTI is up 0.39% at $93.06 while the ounce troy of gold is down 0.19% at $1,572.

Forex Flash: USD and CAD may rebound soon – UBS

On Friday the US and Canadian labor market data for March disappointed, notes the UBS analyst team. According to UBS analysts, March was a challenging month with heavy snow that caused an unusual strong distortion to traffic.
Read more Previous

Forex: US Dollar Index consolidates gains below 83.00

The greenback, measured by the US Dollar Index, is advancing firmly on Monday, consolidating gains below the key 83.00 handle and partially retracing last week losses....
Read more Next
Start livechat