Back
16 Aug 2013
Markets in red for second week, dollar advances
FXstreet.com (Edinburgh) -US markets are extending losses on Friday, dragging the main indices to the second weekly pullback amidst rising yields and mixed economic data. The greenback, in terms of the US Dollar index, continues it march north, hitting session highs beyond 81.40. At the moment of writing, DowJones is down 0.34%, followed by the S&P500, 0.48% and the Nasdaq, 0.09%.
Mixed sentiment from the cyclical improvement in the euro area plus the imminence of the Fed scaling back its bond buying programme have tilted the sentiment towards the bullish side, pushing the indices higher and trimming recent losses. The IBEX35 outperformed its peers, up 0.96% and seconded by the CAC40 and the FTSE100, advancing 0.75% and 0.26%, respectively. The EUR/USD is posting weekly losses for the first time in six weeks, testing lows around 1.3320 after climbing to fresh session peaks around at 1.3380.
Regarding commodities, the barrel of WTI is retreating 0.38% at $106.92 while the ounce troy of gold is extending its momentum, up 0.68% at $1,370.
Mixed sentiment from the cyclical improvement in the euro area plus the imminence of the Fed scaling back its bond buying programme have tilted the sentiment towards the bullish side, pushing the indices higher and trimming recent losses. The IBEX35 outperformed its peers, up 0.96% and seconded by the CAC40 and the FTSE100, advancing 0.75% and 0.26%, respectively. The EUR/USD is posting weekly losses for the first time in six weeks, testing lows around 1.3320 after climbing to fresh session peaks around at 1.3380.
Regarding commodities, the barrel of WTI is retreating 0.38% at $106.92 while the ounce troy of gold is extending its momentum, up 0.68% at $1,370.