US markets trading in red, fiscal cliff' weights
Forex pairs in this Article »
EUR/USD
FXstreet.com (Barcelona) -The US markets are grinding lower on Tuesday, dragged to the negative territory by jitters on the US 'fiscal cliff', as the US political leaders seem to struggle to find common ground in order to avert a jump back to recession.
In the same direction, the dollar - measured by the US Dollar index - has intensified its downside, falling for the third consecutive session and penetrating the psychological support at 80.00, as risk appetite continues to swell in the broader markets.
At the moment, the DowJones is losing 0.03% followed by the S&P500 and the Nasdaq, down 0.22% and 0.45% respectively.
Across the pond, markets in Euroland closed mixed on Tuesday, as the main focus was again the Greek debt and the ECB supervisory role that will be discussed again in the next Eurogroup meeting on December 12. News however came in from the single currency, breaking above the key mark at 1.3100 although retracing to levels just below it at the moment. The euro continues to ignore the 'fiscal cliff' woes, riding instead the wave of increasing risk appetite that pushed EURUSD from 1.2660 in November to today's tops.
The French CAC40 gained 0.39% and the IBEX35 has followed suit advancing 0.17%. On the other hand, the UK's benchmark posted marginal losses, 0.04%.
The price of the ounce troy of gold continues in the red territory after a sell-off has sparked in the Asian session, trading at $1,696 or -1.45% as of writing. The barrel of WTI is navigating the same waters, down 0.58% at $88.57/bbl after three consecutive days of gains.
In the same direction, the dollar - measured by the US Dollar index - has intensified its downside, falling for the third consecutive session and penetrating the psychological support at 80.00, as risk appetite continues to swell in the broader markets.
At the moment, the DowJones is losing 0.03% followed by the S&P500 and the Nasdaq, down 0.22% and 0.45% respectively.
Across the pond, markets in Euroland closed mixed on Tuesday, as the main focus was again the Greek debt and the ECB supervisory role that will be discussed again in the next Eurogroup meeting on December 12. News however came in from the single currency, breaking above the key mark at 1.3100 although retracing to levels just below it at the moment. The euro continues to ignore the 'fiscal cliff' woes, riding instead the wave of increasing risk appetite that pushed EURUSD from 1.2660 in November to today's tops.
The French CAC40 gained 0.39% and the IBEX35 has followed suit advancing 0.17%. On the other hand, the UK's benchmark posted marginal losses, 0.04%.
The price of the ounce troy of gold continues in the red territory after a sell-off has sparked in the Asian session, trading at $1,696 or -1.45% as of writing. The barrel of WTI is navigating the same waters, down 0.58% at $88.57/bbl after three consecutive days of gains.
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