Session Recap: Dollar mix and bearish gold on risk appetite

By | Updated July 30, 2014 AAA

FXStreet (San Francisco) - Some risk appetite was seen on Monday as investors digested good news from Banco Espirito Santo in Portugal and better-than-expected earnings from Citigroup. Dollar traded mixed as it advanced versus Yen and Sterling but lost against the Euro.

The first of the three major central bankers spoke on Monday when Mario Draghi took the scene to say: nothing new. As Jamie Coleman commented in a recent article: "Hope Yellen is more interesting that Draghi."

With the relief in the Banco Espirito Santo, Euro traded higher to post its first positive day after two days of losses against the EUR/USD. The pair closed at 1.3620, up 0.09% on the day, having posted a daily high at 1.3641 and low at 1.3598.

The gold traded hard at the US opening bell and after losing around $30 the yellow metal tested lows since June 24 at 1,305. "Gold first slumped to $1316 but found some support from the recent uptrend but that broke at the the start of US trading and gold fell as far as $1301 in a quick move," said Adam Button from ForexLive. "Last at $1307 as buying ahead of the big figure helps."

Main headlines in the American session

Citigroup kick off earnings week with a win as Q2 earnings beat expectations

Wall Street and USD/JPY jump on risk appetite

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