7 Aug 2013
Markets retreat on ‘taper’ jitters, dollar tumbles
FXstreet.com (Edinburgh) -The trading floor in the US markets is showing a predominance of sellers, as the uncertainty involving the Fed’s next move regarding its bond buying keeps weighing on sentiment. The USD is prolonging its dreadful week, consolidating losses around the 81.30/25 region as risk-on trade prevails. At the moment, DowJones is losing 0.34% followed by the Nasdaq, 0.40% and the S&P500, 0.37%.
Across the Atlantic, bourses closed in a mixed tone after Carney’s forward guidance was less dovish than market expectations, hitting the UK stocks. Fed’s tapering chatter has also reignited concerns amongst traders, resulting in further pullbacks in some major indices. The FTSE100 was the worst performer, down 1.41% and followed by the DAX, 0.47%. On the gains’ side, the Spanish benchmark advanced 0.52% seconded by the CAC40, 0.15%. Positive day for the single currency, printing 7-week highs above 1.3340 vs. the buck, after dipping to 1.3260 during the European morning.
In the commodities’ realm, the barrel of WTI extends losses, down 1.01% at $104.24 while the ounce troy of the precious metal is advancing 0.21% at $1,285.
Across the Atlantic, bourses closed in a mixed tone after Carney’s forward guidance was less dovish than market expectations, hitting the UK stocks. Fed’s tapering chatter has also reignited concerns amongst traders, resulting in further pullbacks in some major indices. The FTSE100 was the worst performer, down 1.41% and followed by the DAX, 0.47%. On the gains’ side, the Spanish benchmark advanced 0.52% seconded by the CAC40, 0.15%. Positive day for the single currency, printing 7-week highs above 1.3340 vs. the buck, after dipping to 1.3260 during the European morning.
In the commodities’ realm, the barrel of WTI extends losses, down 1.01% at $104.24 while the ounce troy of the precious metal is advancing 0.21% at $1,285.