Filed Under:
Forex pairs in this Article » EUR/USD
FXstreet.com (Edinburgh) - Consumer Confidence above expectations, upbeat earnings reports from Pfizer Inc. (PFE) and Ford Motor Co. (F) and a better tone from the EM universe are lifting stocks on Tuesday.

The sharp sell-off in the emerging markets that sparked in the second half of last week seems to be overdone, at least for now, giving the riskier assets a bout of much needed oxygen. The greenback, gauged by the DXY, is extending its winning streak to three sessions so far, hovering over 80.60 at the moment. As of writing, DowJones is up 0.59% followed by the S&P500, 0.57% and the Nasdaq, 0.12%.

In the Old Continent, markets finally managed to leave behind the red territory and closed in a ‘sea-of-green’, with the beleaguered IBEX35 outperforming its peers, up 1.24% and seconded by the CAC40 and the DAX, up 0.98% and 0.62%, respectively. In the FX space, the EUR is slipping back to the 1.3660/50 region after struggling to follow through the 1.3680/90 barrier.

In the commodities’ space, the ounce troy of the precious metal and the barrel of WTI are facing opposite realities, down more than 1% around $1,250 and gaining 1.65% at $97.30, respectively.
comments powered by Disqus