Feb 09


  • BY: Donal Kelly
  • February, 09th, 2016 20:09 +00:00

Good evening,

US indices fluctuate today after yesterday selloff and the DJIA is up 21.5 points at 16,048.55 (+0.13%) and the Nasdaq Composite is gaining 4,96 points at 4,288.71 (+0.12%).

Crude Oil is down for the fourth consecutive session with a loss of 1.48 $ at 28.21 $/barrel (-4.98%). Gold found resistance in area 1,200 and is trading at 1,191.9 $/oz (-0.50%).

In the FX market EurUsd is up 94 pips at 1.1286 (+0.84%) but the weak performance on the Nikkei triggered overseas assets sale owned by Japanese financial institutions and as a result the Yen is soaring. UsdJpy went below last  September low and now is trading at 115.06 (-0.68%).

Tomorrow at 15:00 GMT the FED chair testifies before the Congress to explain the current economic environment and monetary policy that FED is adopting. At the same time will be released in UK the NIESR GDP Estimate.

(20:05 GMT)