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19 Sep 2013
Markets retreat as profit taking prevails
FXstreet.com (Edinburgh) - US markets are trading on the defensive ground on Thursday, as investors are cashing up recent strong gains after Wednesday’s Fed-induced boost. The greenback, gauged by the US Dollar Index, is posting a decent bounce off yesterday’s lows, hovering over session peaks around 80.40. At the moment DowJones is losing 0.19% followed by the S&P500, 0.16%. On the opposite direction, the Nasdaq is advancing 0.09%.
Bourses in Euroland closed with strong gains following their American peers after a dovish Fed kept the status quo in its meeting on Wednesday. The FTSE100 and the IBEX35 were the leaders, up 1.01% ahead of the CAC40, 0.85% and the DAX, 0.67%. The shared currency is trading on the softer side, dragging the EUR/USD to lows around 1.3515/10 after climbing to multi-month highs near 1.3570 this morning.
In the commodities’ land, the ounce troy of gold is rallying 4.99% at $1,372 while the barrel of WTI is retreating 0.88% at $107.10.
Bourses in Euroland closed with strong gains following their American peers after a dovish Fed kept the status quo in its meeting on Wednesday. The FTSE100 and the IBEX35 were the leaders, up 1.01% ahead of the CAC40, 0.85% and the DAX, 0.67%. The shared currency is trading on the softer side, dragging the EUR/USD to lows around 1.3515/10 after climbing to multi-month highs near 1.3570 this morning.
In the commodities’ land, the ounce troy of gold is rallying 4.99% at $1,372 while the barrel of WTI is retreating 0.88% at $107.10.