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18 Feb 2014
Session recap: USD under pressure; Oil above 102.50
FXStreet (San Francisco) - The US dollar traded under pressure on Tuesday as investors are reluctant to buy the Greenback as US economic data is not that good as they expected. EUR/USD conquered the 1.3750 position.
Stocks traded mostly higher on the day with the S&P 500 closing near to 2014 breakeven while the DJIA finished lower on Coca Cola Company's weaker than expected earnings report. The US oil jumped above 102.50.
Earlier in the day, the EUR/USD jumped above the 1.3750 area but bad housing and manufacturing data in the US hit risk appetite with the pair trading in consolidation the rest of the session. The EUR/USD closed the day at 1.3755, third positive day in the last four.
The GBP/USD extended its decline from 1.6820 reached on Monday. The Cable closed the day at 1.6680, with hourly and 4-hour charts showing bearish momentum. The USD/JPY advanced for second day with the pair testing February highs at 102.75 but declining post-data to 102.40.
The WTI accelerated Tuesday's session after jumping $1.10 from 101.75 to reach fresh 4-month high at 102.85 in the late American session. The US oil closed the session at 102.70.
Main headlines in the American session:
US: Net Long-Term TIC Flows tumble to $-45.9B in December
Canada: Canadian Portfolio Investment in foreign securities (Dec) at $ 3.71 B
NY Fed's Empire State Index 4.48 in February
US: NAHB Housing Market Index drops in February against forecasts
Wall Street closes mixed; S&P near to 2014 breakeven
Stocks traded mostly higher on the day with the S&P 500 closing near to 2014 breakeven while the DJIA finished lower on Coca Cola Company's weaker than expected earnings report. The US oil jumped above 102.50.
Earlier in the day, the EUR/USD jumped above the 1.3750 area but bad housing and manufacturing data in the US hit risk appetite with the pair trading in consolidation the rest of the session. The EUR/USD closed the day at 1.3755, third positive day in the last four.
The GBP/USD extended its decline from 1.6820 reached on Monday. The Cable closed the day at 1.6680, with hourly and 4-hour charts showing bearish momentum. The USD/JPY advanced for second day with the pair testing February highs at 102.75 but declining post-data to 102.40.
The WTI accelerated Tuesday's session after jumping $1.10 from 101.75 to reach fresh 4-month high at 102.85 in the late American session. The US oil closed the session at 102.70.
Main headlines in the American session:
US: Net Long-Term TIC Flows tumble to $-45.9B in December
Canada: Canadian Portfolio Investment in foreign securities (Dec) at $ 3.71 B
NY Fed's Empire State Index 4.48 in February
US: NAHB Housing Market Index drops in February against forecasts
Wall Street closes mixed; S&P near to 2014 breakeven