US Markets extend gains, US dollar still weak
FXstreet.com (Barcelona) - The US markets are extending their momentum on Thursday, again propped up by optimistic prospects regarding the US 'fiscal cliff', despite recent headlines talking about little progress has been made in late talks.
On the opposite direction, the US Dollar Index, which gauges the greenback against its major competitors, is declining for the second consecutive session, closer to November lows in the boundaries of the psychological mark at 80.00
As of writing, DowJones is up 0.38%, with S&P500 and Nasdaq following suit at 0.51% and 0.65%, respectively.
European bourses closed the day in a 'sea of green', against a backdrop of increasing optimism about the resolution of the 'fiscal cliff', as the leitmotif that traders have found today to justify the general upbeat tone.
In the meantime, the single currency has pierced the key 1.3000 figure, although it retreated afterwards towards the mid 1.2950s on J.Boehner's comments. At the moment, the euro is trading at 1.2975 against the greenback, or advancing 0.16%.
The IBEX35 led the flock gaining 1.74%, followed by the CAC40 1.53% and the FTSE100 1.15%.
The troy ounce of gold and the barrel of crude oil WTI are both advancing at $1,730 and $88.10, respectively.
On the opposite direction, the US Dollar Index, which gauges the greenback against its major competitors, is declining for the second consecutive session, closer to November lows in the boundaries of the psychological mark at 80.00
As of writing, DowJones is up 0.38%, with S&P500 and Nasdaq following suit at 0.51% and 0.65%, respectively.
European bourses closed the day in a 'sea of green', against a backdrop of increasing optimism about the resolution of the 'fiscal cliff', as the leitmotif that traders have found today to justify the general upbeat tone.
In the meantime, the single currency has pierced the key 1.3000 figure, although it retreated afterwards towards the mid 1.2950s on J.Boehner's comments. At the moment, the euro is trading at 1.2975 against the greenback, or advancing 0.16%.
The IBEX35 led the flock gaining 1.74%, followed by the CAC40 1.53% and the FTSE100 1.15%.
The troy ounce of gold and the barrel of crude oil WTI are both advancing at $1,730 and $88.10, respectively.
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