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Poor jobs data is dragging US markets lower

FXstreet.com (Barcelona) - Markets in the US are trading on the back foot on Wednesday, dragged by below-expectations revenues from companies and disappointing ADP report figures, ahead of the FOMC meeting due later. The greenback, gauged by the US Dollar Index, is following suit hovering over 81.55/60 in a context dominated by the risk appetite.
As of writing, DowJones is retreating 0.65%, seconded by the S&P500 and the Nasdaq, down 0.64% and 0.75%, respectively.

Bourses in Europe closed mixed again, as poor US data weighted on the indices. Losses in the IBEX35 (0.38%) and the CAC40 (0.31%) have contrasted with gains in both the DAX and the FTSE100, up 0.51% and 0.33%, respectively. Positive day for the single currency so far, posting fresh multi-week highs in the vicinity of 1.3240, although retreating later to the current area of 1.3195/3200.

Commodities are plummeting on Wednesday, with the barrel of WTI down 2.71% at $90.93 and the ounce troy of gold losing 1.83% at $1,444.

Forex: GBP/USD consolidates below 1.5600

After being unable to break above the 1.5600 mark, GBP/USD turned lower and staged a short-lived setback that was contained by 1.5545, where the 20-hour SMA and a static support level (high Apr 29) converge.
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Forex: US Dollar Index around 81.60/65 ahead of FOMC

The greenback, tracked by the US Dollar Index, is trading in the defensive ground on Wednesday, extending the decline for the sixth consecutive session from tops in the area of 83.35/40 on April 24th to...
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