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16 Jul 2013
Profit taking is dragging markets lower, dollar retreats
FXstreet.com (Barcelona) -US equities are trading on the back foot on Tuesday, as market participants are cashing up recent gains after indices climbed to record levels on Monday. The greenback, gauged by the US Dollar index, is retreating to the mid 82.00s area ahead of tomorrow testimony by Fed’s Bernanke. The S&P500 is down 0.48% followed by the Nasdaq, 0.31% and the DowJones, 0.30%.
Bourses across the pond closed in a ‘sea of red’ on mixed signals from the German ZEW Survey and poor result from the trade balance in the euro area. The IBEX35 retreated 0.72%, followed by the CAC40, 0.71% and the FTSE100, 0.45%. The shared currency finally managed to break above 1.3100 the figure, climbing to session highs in the boundaries of 1.3160.
In the commodities’ realm, the ounce troy of the precious metal is advancing 0.53% at $1,290 while the barrel of WTI is down 0.47% at $105.82.
Bourses across the pond closed in a ‘sea of red’ on mixed signals from the German ZEW Survey and poor result from the trade balance in the euro area. The IBEX35 retreated 0.72%, followed by the CAC40, 0.71% and the FTSE100, 0.45%. The shared currency finally managed to break above 1.3100 the figure, climbing to session highs in the boundaries of 1.3160.
In the commodities’ realm, the ounce troy of the precious metal is advancing 0.53% at $1,290 while the barrel of WTI is down 0.47% at $105.82.