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American equity markets open negatively Monday

The US Stock market experienced a slightly positive opening Monday amidst a respite of economic data in the United States. Beginning with the indices and composites, the NASDAQ fell -0.19% as it settles in region of 3187.57, up -5.98 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1515.72, descending -2.23 points or -0.15% at the time of writing. Finally, the Dow Jones has moved lower at the opening as well, trading in the zone of 13951.31, presently -0.30% after a decline of -41.66 points.

Sectors are all in the red at the opening, however the Energy and Basic Materials sectors have distinguished themselves as the losers thus far, contracting -0.60% and -0.62% respectively. In other news, the price of crude has settled above USD $95.39 Monday.

Forex: USD/JPY consolidating below 93.50

After breaking 93.00 in the European session and touching the 93.50, the USD/JPY is trading in consolidation mode following the latest bullish movement from 92.50. Currently the USD/JPY is trading at 93.25, 0.55% positive on the day.
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Forex Flash: USD/CAD targets 1.0185/1.02 near-term – TD Securities

The CAD is driven more by the “usual suspects” of commodity prices and interest rate differentials than risk appetite, and USD/CAD gains on Friday were mainly moved by weak employment data. Tomorrow, BoC’s Carney & Macklem will testify in Ottawa while President Obama delivers the State of the Union.
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