12 Nov 2013
Data and taper chatter weighing on markets
FXstreet.com (Edinburgh) -Shares in the US trading floor are giving ground on Tuesday, following weaker than expected sentiment tracked by the NFIB index and renewed rumours regarding QE tapering. The greenback, in terms of the US Dollar index, found decent support around the 81.00 handle, bouncing to the current area of 81.15/20. At the moment DowJones is retreating 0.33% followed by the S&P500, 0.39% and the Nasdaq, 0.23%.
Disappointing corporate earnings reports dragged the main indices lower in the Old Continent, with the IBEX35 dropping 0.84% and seconded by the CAC40 and the DAX, down 0.61% and 0.34%, respectively. The EUR/USD is consolidating daily gains beyond 1.3400 the figure after bottoming out near 1.3360 post-German CPI.
When comes to commodities, the ounce troy of the precious metal is losing 1.26% at $1,265 while the barrel of WTI plummets more than 2% to $93.10.
Disappointing corporate earnings reports dragged the main indices lower in the Old Continent, with the IBEX35 dropping 0.84% and seconded by the CAC40 and the DAX, down 0.61% and 0.34%, respectively. The EUR/USD is consolidating daily gains beyond 1.3400 the figure after bottoming out near 1.3360 post-German CPI.
When comes to commodities, the ounce troy of the precious metal is losing 1.26% at $1,265 while the barrel of WTI plummets more than 2% to $93.10.