The dollar remains stable as the market mood cools

This is what you need to know to trade today Tuesday, October 12:

In the absence of high-impact macroeconomic data, the perception of risk became the main driver of the market movement at the beginning of the week. With major US stock indices turning south after spending the first hours of the session in positive territory, the US dollar index regained its traction and was up 0.27% on Monday.

Risk aversion became prominent once again during the Asian trading hours on Tuesday, as the Nikkei 225 and the Shanghai Stock Exchange fell more than 1%. Later in the day, the ZEW Economic Sentiment Survey for the euro zone and Germany, the NFIB Business Optimism Index, and US job openings and job turnover data will appear on the economic calendar. However, market participants are likely to stay focused on the market mood ahead of Wednesday’s key US inflation report.

Wall Street: The S&P 500 was down 0.69% and the Dow Jones industrial average fell 0.72% on Monday. In addition to Friday’s disappointing jobs report, renewed concerns about defaulting Chinese realtors also appear to have caused market participants to take a cautious stance. Pressed by a 1.45% drop in the Communications Services Index, the Nasdaq Composite Technology Index fell 0.65%. Major US banks, such as Bank of America, JPMorgan Chase and Citigroup, will report third-quarter earnings by the end of the week.

The renewed strength of the DOLLAR in the second half of the day forced the pair on Monday EUR/USD to close in negative territory. The pair remains close to the 15-month low it set at 1.1529 as it consolidates its losses.

The USD/JPY advanced to its highest level since late 2018 and appears to have entered a consolidation phase above 113.00 on Tuesday. After surpassing 10% in the prior week, the 10-year US Treasury yield hit a four-month high of 1.636%, fueling the USD / JPY rally.

The GBP/USD showed little to no reaction to the UK employment report, which showed that the ILO unemployment rate fell to 4.5% in August, and continues to move sideways around 1.3600. Other details of the publication revealed that the average income including bonds increased 7.2% annually.

For the second consecutive trading day, gold it fluctuated in a very tight range above $ 1,750. Wednesday’s Consumer Price Index (CPI) data in the United States could be the next big catalyst for the XAU/USD, currently posting modest losses of around $ 1,760.

So much AUD/USD What NZD / USD they managed to post gains on Monday supported by rising commodity prices, especially copper.

cryptocurrencies: Bitcoin renewed highs of several months to the beginning of the week and closes at $ 60,000. Ethereum is trading near $ 3,500 on Tuesday and appears to be having a hard time attracting investors, who are focused on BTC.