fising
Active+ Member
- Messages
- 2,907
- Joined
- Aug 9, 2007
- Messages
- 2,907
- Reaction score
- 1,027
- Points
- 101
FXstreet.com (Córdoba) – Equities worldwide fell on Friday and ended the week with losses. In the U.S. the Dow Jones fell on Friday for the third consecutive session and lost 0.43%, the Nasdaq dropped 0.80%.
Main stocks indexes posted year highs on Monday and Tuesday but after the FOMC announcement started to fall, ending an important upside rally. Economic numbers where mixed, suggesting that the economic recovery may take time.
Commodities also fell. Crude oil rose slightly on Friday ending at $66 a barrel, but on Monday was traded at $72. Gold also posted losses and finished at 991 a/oz.
Yen consolidates gains
The Yen was the best performer and rose across the board, breaking key support levels, suggesting that could continue rising. Dollar recovered, helped by the fall in equities, after falling to year lows against the Euro and the Swiss Franc but is still facing selling pressure. Cable, on the other side, was among the worst currencies and fell across the board posting multi-month lows across the board.
Main stocks indexes posted year highs on Monday and Tuesday but after the FOMC announcement started to fall, ending an important upside rally. Economic numbers where mixed, suggesting that the economic recovery may take time.
Commodities also fell. Crude oil rose slightly on Friday ending at $66 a barrel, but on Monday was traded at $72. Gold also posted losses and finished at 991 a/oz.
Yen consolidates gains
The Yen was the best performer and rose across the board, breaking key support levels, suggesting that could continue rising. Dollar recovered, helped by the fall in equities, after falling to year lows against the Euro and the Swiss Franc but is still facing selling pressure. Cable, on the other side, was among the worst currencies and fell across the board posting multi-month lows across the board.
