US markets advancing on Syria and Payrolls; dollar slumps

FXstreet.com (Edinburgh) -Quite a volatile session on Friday, with shares in the US trading floor now reverting the initial negative footing and printing decent gains to close the week in the positive ground. Renewed jitters on Syria after comments by Russian President V.Putin added to the increasing uncertainty surrounding the region. The sentiment was also swinging after August’s Payrolls caught market participants off guard, coming in at 169K vs. 180K expected. The greenback, gauged by the US Dollar index, is now bouncing off lows after falling to test weekly lows around 82.10, retracing almost the whole weekly advance. At the moment, DowJones is up 0.32% followed by the S&P500 , 0.38% and the Nasdaq, 0.28%.

August’s report from the US labour market boosted the main indices in Euroland on Friday, sparking speculations that the Fed may postpone its QE tapering, offsetting at the same time disappointing data from Germany’s trade balance and industrial production. The IBEX35 led the wines, advancing 1.23%. The CAC40 and the DAX followed suit, up 1.06% and 0.49%, respectively. The single currency bounced sharply from the vicinity of 1.3100 the figure to 1.3190 in the wake of the results from NFP, although retracing some ground to the current 1.3160/65 region afterwards.

In the commodities’ land, the barrel of WTI is rallying almost 2% to $110.51 while the ounce troy of gold is gaining 1.02% at $1,387.