MARKET WRAP: Trade Optimism Moved Markets Higher

Fundamental analysis of Forex market

US futures opened higher and European markets followed this momentum in the positive direction


  • The S&P 500 Index gained 0.2 percent as of 15:00 London time, while the Nasdaq Composite Index jumped 0.51 percent and the Dow Jones Industrial Average rose less than 0.16 percent.
  • The Stoxx Europe 600 dropped 0.2 percent.
  • The MSCI Emerging Market Index lost 0.3 percent.


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  • The Bloomberg Dollar Spot Index gained 0.2 percent.
  • The Euro maintained its critical level of 1.12 but eased 0.27 percent to $1.1214, the yen also dropped about 0.1 percent to 111.58 per dollar.
  • The British pound lost some its gain from yesterday and dropped 0.41 percent to $1.3116, breaking its four consecutive days of gain.


  • The yield on 10-year Treasuries dropped about one basis point to 2.51 percent.
  • Germany’s 10-year yield fell one basis point to negative 0.004 percent.
  • Britain’s 10-year yield lost one basis point to 1.086 percent.


  • WTI dropped  0.05 percent to $62.43 a barrel.
  • Gold dropped 0.54 percent to $1,283 an ounce.

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