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Markets in red, all eyes on Ukraine

FXStreet (Edinburgh) - The Dow (-0.2%) is testing the area around the 16,000 pts amidst a continuation of the negative sentiment towards the riskier assets.

Both the S&P500 and the Nasdaq are following suit, retreating 0.16% and 0.19%, respectively, as market participants gauge the referendum in Crimea on Sunday. The greenback, in terms of the DXY, is extending the negative streak for the third session around 78.55/50.

Same scenario in Euroland, with China and Ukraine behind today’s pullbacks. The only exception was the German DAX, up 0.43% for the day. The IBEX35 led the losers, falling 1.39%, followed by the CAC40,0.80% and then FTSE100, 0.40%. The single currency is finishing the week in a solid note, clinging to the 1.3900 handle after hitting 1.3940 in the European afternoon.

In the commodities’ land, the barrel of WTI is recovering from recent losses, up 0.62% near the $99.00 mark. Same path is following the ounce troy of the precious metal, advancing 0.55% at levels shy of $1,380.

GBP/USD ends the week above 1.6600

The GBP/USD is on track to close lower after 2 weeks of gains as the Cable was unable to recover completely after being rejected from the 1.6800 area last Friday.
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Flash: JPY outpeferforming, 100.76 sighted - Scotiabank

Eric Theoret, Currency Strategist at Scotiabank noted that JPY is outperforming.
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