11 Nov 2013
Session Recap: Veterans Day with little action
FXstreet.com (Chicago) – Veterans Day seems to have been commemorated with little action as equity markets along futures contracts had low volatility throughout the journey. The Fed and FOMC will make announcements this Thursday. In the meantime, last Friday’s fuel charge seems to last for the USD and worldwide markets.
Winning stocks in Wall Street
In Wall Street, equity markets were very quiet with the Dow printing 0.14% gains, the Nasdaq up 0.01% and the S&P 500 up 0.07%. In the afternoon of the American session, not much took place.
Oil rebounds
Oil was able to print 0.53% advancements and technical readings manifest a gradual ascend that continues with no apparent strong resistance.
Gold declines
Gold traded towards the ground throughout Monday extending the bearish channel evidenced in hourly charts after the fall from the $1,300 key psychological level. Offered at $1,282.60, the dollar’s strength subdued the metals contract.
What’s ahead
Market participants seemed to linger on last Friday’s sentiment after the release of better than expected NFP data that pushed the USD higher against most currencies. This Thursday, the FOMC’s Yellen along the Fed’s Bernanke will give speeches about the US economy and the most recent economic results.
Winning stocks in Wall Street
In Wall Street, equity markets were very quiet with the Dow printing 0.14% gains, the Nasdaq up 0.01% and the S&P 500 up 0.07%. In the afternoon of the American session, not much took place.
Oil rebounds
Oil was able to print 0.53% advancements and technical readings manifest a gradual ascend that continues with no apparent strong resistance.
Gold declines
Gold traded towards the ground throughout Monday extending the bearish channel evidenced in hourly charts after the fall from the $1,300 key psychological level. Offered at $1,282.60, the dollar’s strength subdued the metals contract.
What’s ahead
Market participants seemed to linger on last Friday’s sentiment after the release of better than expected NFP data that pushed the USD higher against most currencies. This Thursday, the FOMC’s Yellen along the Fed’s Bernanke will give speeches about the US economy and the most recent economic results.