US stocks lose momentum

FXStreet (Córdoba) - Wall Street rose in the first hour but then lost momentum and pulled back while European markets finished mostly in positive territory.

The FTSE 100 gained marginally 0.04%, the Dax rose 0.20% while the FTSE MIB lost 0.20%. In Wall Street the Dow Jones was falling 0.20% while the Nasdaq was up 0.27%. The S&P 500 moved away from the highs after hitting a new record at 1.989.

The forex market remained steady with the Aussie consolidating gains across the board while the Pound held near daily lows. Gold was falling modestly still trading above $1,300 while crude oil pulled back below $104 a barrel.

USD/CAD making hard work of upside -TD Securities

Shaun Osbourne, Chief FX Strategist at TD Securities explained that they thought USD/CAD had a chance of rallying this week but the markets are making hard work of it, even as the USD picked up more obviously elsewhere yesterday.
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EUR/USD holding up on 1.3450

EUR/USD is trading at 1.3464, down -0.01% on the day, having posted a daily high at 1.3475 and low at 1.3455.
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