Todays’ market summary

  • The Dollar weakening continues.

  • Futures on three main US stock indexes are mixed.

  • Brent is edging higher.

  • Gold prices are rebounding.

Top daily news

Equity index futures are mixed currently ahead of US retail sales report today at 14:30 CET following a retreat on Wall Street Thursday. Facebook shares lost 2.03% underperforming market ahead of reports today Meta is being sued for £2.3bn in a class action lawsuit that claims 44 million Facebook users in the UK had their data exploited after signing up to the social network, Apple stock lost 1.9% Thursday.

Forex news

Currency Pair Change
EURUSD +0.07%
GBPUSD +0.12%
USDJPY -0.38%

 

The Dollar weakening continues currently. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, slipped 0.1% Thursday after the US Labor Department report above-forecast 230 thousand Americans sought unemployment benefits over the last week, up from 207 thousand the previous week.

Both EUR/USD and GBP/USD continued their climbing yesterday. Both Pound and euro are higher against the Dollar currently. AUD/USD joined USD/JPY’s continued sliding yesterday with both the yen and Australian dollar higher against Greenback currently.

Stock market news

Indices Change
Dow Jones Index +0.03%
Nikkei Index -1.21%
Hang Seng Index -0.59%
Australian Stock Index -0.33%

 

Futures on three main US stock indexes are mixed currently with US 10-year Treasury note yields down at 1.766%. US stock market resumed retreating Thursday as Fed Governor Lael Brainard signaled that rates will rise in March to combat inflation while wholesale prices inflation hit a new 12-month record in December. The three main US stock benchmarks recorded daily losses in the range of 0.5% to 2.5% led by tech stocks.

European stock indexes are mixed currently after closing lower Thursday led by household goods shares. Asian indexes are mostly retreating today led by Nikkei as data showed Japan's wholesale inflation accelerated to 8.5% over year in December, the second fastest pace on record.

Commodity market news

Commodities Change
Brent Crude Oil +0.79%
WTI Crude +0.73%

 

Brent is edging higher. Prices ended lower yesterday after the US Energy Information Administration on Wednesday indicating total domestic crude oil inventories fell 4.8 million barrels last week but this decline was more than offset by a stock build across refined products. The US oil benchmark West Texas Intermediate (WTI) ended down 0.6% but is higher currently. Brent crude lost 0.2% to $84.47 a barrel on Thursday.

Gold market news

Metals Change
Gold +0.26%

 

Gold prices are rebounding today. February gold slid 0.3% closing at $1821.40 Thursday, recording the first daily drop in five sessions.


Want to get more free analytics? Open Demo Account now to get daily news and analytical materials.

This overview has an informative character and is not financial advice or a recommendation. IFCMarkets. Corp. under any circumstances is not liable for any action taken by someone else after reading this article.

Feed news Join Telegram

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD holds higher ground near 1.0200 amid upbeat mood

EUR/USD holds higher ground near 1.0200 amid upbeat mood

EUR/USD is trading close to 1.0200 after the Eurozone Sentix data improved slightly in August. The US dollar pares strong NFP-inspired gains amid risk-on flows. Moody’s cut Italy’s credit rating amid political jitters. US-China tensions over Taiwan loom.

EUR/USD News

GBP/USD clings to gains below 1.2100 amid USD retreat

GBP/USD clings to gains below 1.2100 amid USD retreat

GBP/USD is holding onto the recovery gains below 1.2100, supported by a weaker US dollar amid a positive shift in risk sentiment. Bumper US NFP data ramped up aggressive Fed tightening expectations. UK political woes and a dovish BOE rate hike could cap the pound's upside. 

GBP/USD News

Gold needs to crack $1,763 to extend the downside

Gold needs to crack $1,763 to extend the downside

Gold price nurses losses after impressive US NFP-inspired sell-off. US dollar eases in tandem with the Treasury yields amid a better mood. XAU/USD looks south towards $1,750, as 75 bps Sept Fed rate hike bets rise.

Gold News

Top 3 Cryptos Price Prediction: Faux strength or resurgence of bullish momentum?

Top 3 Cryptos Price Prediction: Faux strength or resurgence of bullish momentum?

Bitcoin price shows a resurgence of buying pressure as the eastern markets open fresh to a new week. This development could turn sour if BTC fails to overcome a significant hurdle.

Read more

FXStreet Premium users exceed expectations

FXStreet Premium users exceed expectations

Tap into our 20 years Forex trading experience and get ahead of the markets. Maximize our actionable content, be part of our community, and chat with our experts. Join FXStreet Premium today!

BECOME PREMIUM

Majors

Cryptocurrencies

Signatures