Some positive data lifted the mood of investors in the first formal session of the year on Tuesday.
The U.S. manufacturing ISM did not disappoint, as a few hours ago, the construction PMI UK grew by more than expected, and away from the critical value of 50 points that separates contraction from expansion of the sector.
Also, the Dow Jones closed up important on Tuesday, although the European stock markets had not had the best of its days. In the session on Wednesday the situation repeated: the indices operate on the old continent with mixed results, and again DAX 30 is the only one of the important references to win a modest 0.4%.
As for currencies, the dollar, which fell on Tuesday on all fronts, is slowly recovering positions against the euro, pound sterling and Swiss franc. But rising oil price, which exceeds $102 per barrel of WTI make investors giving strength to their currencies pegged, the Canadian dollar and Mexican peso.
The yen, meanwhile, leaves hopes, and is not far from its historic peak, which was hit a few months ago - 75.55. However, for the very short term, it seems that you can go back several positions, especially in the U.S. session on Wednesday.
There are several gaps that remain in different assets with the opening week, which invariably will be covered, and that in all cases favor the dollar. This factor is to be considered as they are far from being covered, and these movements coincide with the recovery that the dollar has now.
No relevant data are expected for the U.S. session, so that the opening of Wall Street is in the crosshairs of the operators. It is advisable to place positions at the time.
The U.S. manufacturing ISM did not disappoint, as a few hours ago, the construction PMI UK grew by more than expected, and away from the critical value of 50 points that separates contraction from expansion of the sector.
Also, the Dow Jones closed up important on Tuesday, although the European stock markets had not had the best of its days. In the session on Wednesday the situation repeated: the indices operate on the old continent with mixed results, and again DAX 30 is the only one of the important references to win a modest 0.4%.
As for currencies, the dollar, which fell on Tuesday on all fronts, is slowly recovering positions against the euro, pound sterling and Swiss franc. But rising oil price, which exceeds $102 per barrel of WTI make investors giving strength to their currencies pegged, the Canadian dollar and Mexican peso.
The yen, meanwhile, leaves hopes, and is not far from its historic peak, which was hit a few months ago - 75.55. However, for the very short term, it seems that you can go back several positions, especially in the U.S. session on Wednesday.
There are several gaps that remain in different assets with the opening week, which invariably will be covered, and that in all cases favor the dollar. This factor is to be considered as they are far from being covered, and these movements coincide with the recovery that the dollar has now.
No relevant data are expected for the U.S. session, so that the opening of Wall Street is in the crosshairs of the operators. It is advisable to place positions at the time.
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