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9 Jan 2015
US Session recap: Greenback mixed but closing strongly
FXStreet (Guatemala) - The US session gave us little in the way of activity in the G10's with markets now 'normalising' after thin holiday trading.
Stocks were the main carrier of risk appetite in the session. The Dow Jones Industrials was up 1.84% and wrapped up the day at 17,907.87 while the S&P 500 was up 1.79% to close 2,062.13 and the Nasdaq Composite finished at 4,736.19 after moving up by 1.84% on the day. the greenback was finishing higher across the board while Gold was down by 0.27% to 1,207.40, oil stablizing with WTI at $48.75 and 10 year yields finishing up 4.5 basis points to 2.01%.
The EUR/USD was at the mercy of outlooks and noise around the ECB and Fed digesting Evan's recent dovish commentary and details coming through from Draghi emphasising the Central Banks current stance on requirements for QE ahead of the next ECB rate decision. The pair met supply at 1.1820 resistance and drifted back down through the levels scored on a recovery from the overnight lows down at 1.1754.
GBP/USD staged a minor bounce in the early stages of the, through 1.5080 resistance and onto 1.5120 before meeting decent offers that capped the bids and left the pair back into the hands of the bears, pressing on 1.5080 support.
USD/JPY started to recover from the slide in the 119.80 region that took the pair below the pivot and stabilised at 119.40 before drifting back into yesterdays US business highs.
AUD/USD struggles to claim a convincing hold of the 0.81 handle but for the most part of the session, supply has been met with demand within a tight channel of 30 pips.
NZD/USD, in a similar fashion, kept the greenback at bay and remained bid in the face of offers capping rallies through the 0.7820 resistance. The kiwi was outperforming again across the board and manage to stage a rally of over half a cent on the session, extending the week's gains.
Key events:
Initial Jobless Claims (Jan 2)
Stocks were the main carrier of risk appetite in the session. The Dow Jones Industrials was up 1.84% and wrapped up the day at 17,907.87 while the S&P 500 was up 1.79% to close 2,062.13 and the Nasdaq Composite finished at 4,736.19 after moving up by 1.84% on the day. the greenback was finishing higher across the board while Gold was down by 0.27% to 1,207.40, oil stablizing with WTI at $48.75 and 10 year yields finishing up 4.5 basis points to 2.01%.
The EUR/USD was at the mercy of outlooks and noise around the ECB and Fed digesting Evan's recent dovish commentary and details coming through from Draghi emphasising the Central Banks current stance on requirements for QE ahead of the next ECB rate decision. The pair met supply at 1.1820 resistance and drifted back down through the levels scored on a recovery from the overnight lows down at 1.1754.
GBP/USD staged a minor bounce in the early stages of the, through 1.5080 resistance and onto 1.5120 before meeting decent offers that capped the bids and left the pair back into the hands of the bears, pressing on 1.5080 support.
USD/JPY started to recover from the slide in the 119.80 region that took the pair below the pivot and stabilised at 119.40 before drifting back into yesterdays US business highs.
AUD/USD struggles to claim a convincing hold of the 0.81 handle but for the most part of the session, supply has been met with demand within a tight channel of 30 pips.
NZD/USD, in a similar fashion, kept the greenback at bay and remained bid in the face of offers capping rallies through the 0.7820 resistance. The kiwi was outperforming again across the board and manage to stage a rally of over half a cent on the session, extending the week's gains.
Key events:
Initial Jobless Claims (Jan 2)