Better US data are bolstering markets, dollar advances

FXstreet.com (Edinburgh) -Results above estimates from the US GDP Annualized during the second quarter and decent reading from the weekly report on the labour market are propping up the second consecutive advance in the markets on Thursday. With the situation in Syria in the back burner – at least temporarily – buyers are slowly returning to the markets, lifting the indices. The greenback, measured by the US Dollar Index, is extending recent gains, hovering over session highs around 82.00 the figure. At the moment DowJones is up 0.31%, followed by the S&P500, 0.42% and the Nasdaq, 0.90%.

A calmer situation in the Syrian front prompted investors to return to the markets and lift the main European indices to their first session with gains after three straight pullbacks. The FTSE100 was the best performer led by telecom giant Vodafone Group PLC (VOD), advancing 0.82% and followed by the CAC40, 0.65% and the DAX, 0.45%. The EUR/USD remains on the back footing as the USD inflows continue to prevail, dragging the pair to weekly lows around 1.3220/15.

In the commodities’ realm, both the ounce troy of the precious metal and the barrel of crude WTI are retracing recent important gains, down 0.55% at $1,411 and 0.42% at $109.64.