FXstreet.com (Barcelona) - US stocks has risen further after a doubtful start on Consumer Confidence and Richmond Manufaturing index has posted better than expected. Technology, consumer and retailers are the session winners. Euro and Sterling has recovered its initial losses and USD/CHF is testing lowest 4-month levels.
Consumer Confidence has posted the biggest jump since 2003 to reach 54.9 pts in May, its highest level in eight months, from 40.8 in April. Richmond Fed Manufacturing Index has jumped to the positive field, rising to 4 in May from -9 in April. This data has fuelled optimism the worst of the recession is behind us.
Dow Jones is rising 2.43%, more than 200 pts to post the index above 8,480. S&P 500 is advancing 2.46% and the index has risen above 900.00 key level and the Nasdaq is jumping 3.21% so far today.
GBP/USD has posted new 6-month high at 1.5970 after recovering its initial losses, currently the pair is trading around 1.5920/35, 0.10% above opening price. EUR/USD has tested 1.4000level again and it has been rejected back to 1.3970. USD/CHF is testing its 4-month low reaching las Friday, currently the pair is trading around 1.0840/50.
After falling around 55 pips in the European session from 95.15 to find support at 94.60, USD/JPY has recovered its initial losses to test the 95.00 level again. Current, in the American session, the pair is trading around 94.85/95, at the same price of today's opening.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment