Octa trading broker
Open trading account

US markets heading south, greenback stronger

Equity markets in the US are broadly losing ground at the beginning of the trading week, following suit after the European close. Renewed concerns over the health of the euro zone have echoed on the Spanish and Italian debt markets, pushing yields higher. The greenback, measured by the US Dollar Index, is ticking higher on Monday, as the risk aversion is prevailing among traders. The USD is hovering over the area around 79.60, posting fresh highs at the same time.
As of writing, the DowJones is down triple digits or 0.89%, ahead of the S&P500 and the Nasdaq, losing 0.95% and 1.26%, respectively.

Markets in Euroland closed with sharp losses after renewed debt woes were orbiting around markets, directly impacting in higher Spanish and Italian bond yields. Losses were led by the IBEX35, down 3.77% followed by the CAC40 and the DAX, retreating 3.01% and 2.49%, respectively. The single currency is markedly lower against the greenback, easing to the 1.3525 region as of writing. Poor data out of the unemployment in Spain and a soft print out of the Sentix index have collaborated with the decline.

A stronger USD is weighting on the barrel of WTI, down 1.56% at $96.24, while the ounce troy of gold is gaining 0.33% at $1676

Forex: USD/CAD hovering over 0.9985/90

The Loonie continues to strengthen against the greenback since last week’s tops in the vicinity of 1.0100, despite the prevailing risk-off tone among traders....
Read more Previous

Forex: US Dollar Index in session highs, around 79.60

The US Dollar Index, which tracks the greenback against its major competitors, is heading north on Monday as risk aversion is reining in the global markets. Renewed fears about...
Read more Next