Octa trading broker
Open trading account
Back

American equity markets bounce back Tuesday

The US Stock market experienced a positive opening Tuesday after yesterday stark pullback that left all indices trading in the red. In the United States, the Redbook Index (YoY) reported a growth of +1.5% in January 27, relative to +1.6% previously. Moreover, the Redbook Index (MoM) contracted -0.6%, from -0.5% previously.

Beginning with the indices and composites, the NASDAQ rose +0.33% as it settles in region of 3141.57, up +10.39 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1505.01, ascending +9.33 points or +0.62% at the time of writing. Finally, the Dow Jones has moved higher at the opening as well, trading in the zone of 13959.26, presently +0.17% after a jump of +78.19 points.

Sectors are all trading in the green at the opening, however the Healthcare and Consumer non-cyclical sectors have distinguished themselves as the winners thus far, climbing +0.76% and +0.64% respectively. In other news, the price of crude has settled above USD $96.86 Tuesday.

Forex: EUR/USD backs away from highs

The euro weakened and pulled back from session highs ahead of the NY opening, after French President Hollande called for medium-term EUR exchange targets. Also weighing on the EUR/USD is EUR/CHF which sank in the wake of SNB's Zurbruegg saying negative rates 'not on the cards'.
Read more Previous

Forex Flash: AUD/USD to watch out for 1.0362 and 1.0350 - Commerzbank

The Australian Dollar is under-performing broadly following the overnight RBA decision of leaving policy on hold, as expected, as the clear dovish bias of the accompanying statement leaves the door  open to lower rates.
Read more Next