Feb 24


  • BY: Donal Kelly
  • February, 24th, 2016 20:33 +00:00

Good evening,

US indices opened in negative territory but recovered and now both S&P500  and Nasdaq Composite turned into the green, and DJIA down 15.75 points at 16,416.03 (-0.10%).

Market sentiment turned positive during the session as Crude Oil left negative territory and now is trading at 32.17 $/barrel (+0.94%), risk reversal trades thus decreased intraday and Gold is off its intraday high and is trading at 1,230.5 $/oz(+0.65%).

In the FX market EurUsd is flat at 1.1008 and GbpUsd is losing ground for the third consecutive session at 1.3828 (-0.67%) and GbpJpy is down for the seventh consecutive session, thanks to the combined weakness of the British Pound and the rally of the Japanese Yen.

US Housing data was below the consensus but analysts claim that inventories are not soaring.

Tomorrow morning the most relevant events will be UK GDP at 09:30 GMT and Eurozone CPI at 10:00 GMT. At 13:30 GMT will be released US Durable Goods Orders.

(20:25 GMT)