Markets advance, eyes on earnings, Ukraine

FXStreet (Edinburgh) - US markets reverted a negative start on Tuesday, amidst renewed concerns on Ukraine and the continuation of the earnings season.

DowJones is now losing 0.12% while the S&P500 and the Nasdaq area advancing 0.16% and 0.50%, respectively. The DXY, which tracks the greenback vs. its major competitors, is trading deep into the negative ground, falling back to sub-80.00 levels.

Renewed geopolitical tensions have weighed on investors in Euroland, dragging the main indices to close the session with losses. The IBEX35 retreated 1.19% followed by the FTSE100, 0.49% and the CAC40, 0.25%. The EUR/USD is following the risk-on trade, regaining the 1.3800 handle and posting fresh weekly highs at the same time.

In the commodities’ space, the barrel of WTI is rallying more than 2% near $102.70 while the ounce troy of the precious metal is up 0.85% near $1,310.

EUR/JPY plummets below 141.00

The EUR/JPY dropped further during the American session and reached a fresh weekly low at 140.06.
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GBP/USD the highs; oscillates in 1.6740's

The USD is considerably lower on a lack of risk sentiment and the pound has taken cable on a rally onto the 1.67 handle where it currently consolidates in the 1.6740’s.
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