Markets marginally up as Ukraine weighs on sentiment

FXStreet (Edinburgh) - US equities are wobbling between gains and losses at the beginning of the week, as geopolitical jitters keep weighing on investors’ sentiment.

At the moment DowJones is up 0.03% followed by the S&P500 and the Nasdaq, advancing 0.06% and 0.11% respectively. The US dollar, tracked by the DXY, is grinding lower around the 79.50 region, down for the fourth consecutive session.

The DAX was the only loser on Monday amongst the main indices in Euroland, retreating 0.28% while the FTSE100 and the CAC40 closed with gains, up 0.20% and 0.10%, respectively. The single currency is trading almost unchanged around 1.3880 amidst an anaemic volume and very low volatility.

In the commodities’ space, the barrel of WTI is retreating 0.46% above the $99.00 mark. The ounce troy of the precious metal is up 0.53% around $1,310.

FOMC can maintan its USD negative bias - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes recent events that allow the FOMC to maintain its dollar negativity bias.
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GBP/JPY back above 172.00

The GBP/JPY bottomed on Monday at 171.76, the lowest price in a week and then during the American session bounced to the upside and trimmed losses.
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