FXHIGHWAY

 Breaking News

Dollar slides slightly on profit-taking, Asian shares mixed.

News Date: 9/11/2015 00:23:24
 

Asian shares posted mixed results on Monday, and while downward pressure came from the higher probability of a Fed rate hike, an upward pressure came from the soaring dollar, which devalued Asian currencies, potentially boasting their exporting capabilities. Japan's Nikkei index rallied to a ten-week high, gaining 1.93% for the day, while China's Shanghai index rose 1.63%. India's Nifty fell a heavy 1.78%, while Korea's KOSPI index lost 0.43%.

 

Wall Street ended Friday on mixed levels as well, with Dow Jones gaining 46 points, or 0.26% to 17,910. S&P 500 fell 0.03% to 2,099, while NASDAQ rose 19 points, or 0.38% to 5,147.

 

Dollar eased down in early Monday trading, but was still near its multi-months high. Dollar index DXY fell 0.18% to 99.11. It fell 0.24% against Euro to 1.0766. It lost 0.11% against Sterling to 1.5070. Dollar kept its offensive against Yen however, rising a further 0.18% to 123.38.

 

Euro was modestly up, with its index gaining 0.21% to 86.88. It rose 0.14% against Sterling to 0.7144. It gained 0.41% against the battered Yen to 132.82.

 

Crude oil prices recovered, with Brent futures for December up 36 cents, or 0.76% to $48.53 a barrel. U.S. oil futures rose 35 cents, or 0.80% to $44.64 a barrel.

 

Canadian dollar rose in tandem with oil, gaining 0.12% to C$1.3290 per dollar. Australian dollar rose 0.11% to $0.7052.

 

Gold futures ticked up $4.30, or 0.40% to $1,092 an ounce. Silver futures rose 4 cents, or 0.30% to $14.73 an ounce.

 

Investors will be waiting for an array of economic reports, most notably China's CPI for October, forecast to come at 1.5% y\y, lower than September's 1.6%. a low result will further stoke fears of a slowing in China's economic activity, bringing stocks down.

 

From Germany, September's trade balance is forecast at 20.3B, a shade higher than August's 19.6B. a higher than expected result would push Euro higher, and vice versa.

Latest news

After the long collapse, the American labor market is achieving some relative recovery, as the number of added jobs yesterday reached 4,800 million jobs, which exceeded all expectations, and came as
07-2020 03 00:34:55

Beginning with the latest developments in commodities, the gold futures contracts started this morning with a rise of 0.70%, to be traded at 1784.56 dollars an ounce, after opening at 1771.61 dollar
07-2020 01 03:47:05

Oil prices continued to lose their losses after the recovery in demand decreased, due to the high number of injuries they suffer, and Brent crude fell by the same percentage 2%, which in turn pays to
06-2020 29 05:49:33

The US dollar concluded its research for the week, sticking to its gains, which means that the demand remains on the latter, and this is due to it being a safe haven in light of fears and concerns ab
06-2020 26 06:34:32

The US stock indexes on Wall Street ended their trading high, thanks to the support of the economic data that led them to the rise, which showed that the contraction of the economy in the manufacturi
06-2020 24 00:45:21

More News

Logs

Advertisements