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17 Jul 2013
US markets advance on Bernanke testimony
FXstreet.com (Edinburgh) -Shares in the US markets are extending the bullish momentum after Chairman Bernanke emphasized that the pace of bond purchases would remain data-dependent, and thus allowing some sort of flexibility regarding its size and/or duration. The greenback, gauged by the US Dollar index, is posting decent gains around 82.55 after dropping to weekly lows around 82.40. The DowJones is up 0.09%, followed by the Nasdaq, 0.28% and the S&P500, 0.35%.
The main indices in Europe closed with gains after Fed’s Bernanke conditioned QE tapering to the economic developments, giving the bourses an extra dose of optimism. The German DAX was the best performer, advancing 0.65%, followed by the CAC40, up 0.55% and the FTSE100, 0.24%. The single currency is trading on the back foot although keeping levels above 1.3100 the figure after briefly dropping to the vicinity of 1.3080.
When comes to commodities, the ounce troy of gold was again rejected around the key $1,300 level, now losing 1.17% at $1,276. The barrel of WTI is trading flat around $106.00.
The main indices in Europe closed with gains after Fed’s Bernanke conditioned QE tapering to the economic developments, giving the bourses an extra dose of optimism. The German DAX was the best performer, advancing 0.65%, followed by the CAC40, up 0.55% and the FTSE100, 0.24%. The single currency is trading on the back foot although keeping levels above 1.3100 the figure after briefly dropping to the vicinity of 1.3080.
When comes to commodities, the ounce troy of gold was again rejected around the key $1,300 level, now losing 1.17% at $1,276. The barrel of WTI is trading flat around $106.00.