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Asian markets rise on corporate earnings; Euro and Pound steady at mid-term highs

FXstreet.com (Barcelona) ? Asian markets are going through moderate gains on improved confidence after better than expected corporate earnings forecasts by Olympus and Nissan. Euro and Pound remain steady at high levels, while the Dollar dropped lower against the Yen.Japanese Nikkei Index adds 0.7%, and the Hong Kong Hang Seng Index rose another 0.7%, markets in Australia, New Zealand and India are going through losses.Olympus rose 12% on the back of a company earnings forecast of 40 billion Yen, against

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Yen Rallies After Asia Pacific Stocks Feed off Chinese Optimism

The Japanese yen is weaker on Wednesday after a renewed bout of economic optimism in China sparked broad-based equity rallies in the region.The Shanghai composite index rallied 6.12% after reports that Chinese authorities were poised to unveil broader stimulus plans to revive the region's economy.The Japanese Nikkei Finished the day 0.85% higher and the Hang Seng index rallied 2.47%. Also on Wednesday, Bank of Japan member Miyako Suda told reporters that rates at zero percent, or measures

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Mid-Morning Recap: Dow Flirting With One-Year Lows

(CEP News) - U.S. equities are losing ground on Wednesday following Tuesday's massive selloff. Investors doubt whether the U.S. stimulus plan is going to have any impact on the weakening economy, according to market strategists.Traders are watching the Nov. 21 low in the Dow Jones Industrial Average very closely, with the index only about 50 points away from testing it.The Dow Jones industrial average is down 62 points to 7491, the S&P 500 is down 7 points to 782 and

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US Markets up on better then expected earnings; Dollar stronger

FXstreet.com (Barcelona) ? U.S. stock markets are going through gains on Thursday as companies report better tan expected earning results in the first quarter. The Dollar has strengthened against Euro, Yen and Pound.Dow Jones Industrials Index trades 1.11% up while the Nasdaq Index adds 1.72% and S&P Index trades 1.18% above its opening level.On the macroeconomic front, Jobless claims have dropped unexpectedly by 14K to 631K, while labour costs posted the smallest increase on record. Furthermore personal income declined 0.32%

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German Zew Economic Expectations Index jumps to 31.1 in May; Euro rises further

FXstreet.com (Barcelona) - German ZEW Economic Expectations Index rose to 31.1 in May from 13.0 in April, which adds reasons to the view that the worst part of the downturn might be over.Economic expectations Index has increased well above the 20.0 reading forecasted by market analysts. The Euro has rallied further on the back of ZEW data reaching some pips below 1.3665 may 14 high.For more information, read our latest forex news.

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Australian Dollar / Iraqi Dinar converter (AUD / IQD) will convert the currency of AUSTRALIA, CHRISTMAS ISLAND, COCOS (KEELING) ISLANDS, HEARD ISLAND AND MCDONALD ISLANDS, KIRIBATI, NAURU, NORFOLK ISLAND, TUVALU in currency of IRAQ with the actual exchange rate.

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Commodity Currencies Could Benefit from Less Gloomy Fed Outlook

Positive comments from the Fed could help to support commodity currencies, according to strategists.The FOMC interest rate decision was relatively in line with expectations. However, some currency strategists said the Fed presented a less gloomy outlook on the economy.In the monetary policy statement, the central bank said there are some signs that the economic outlook is improving, with the stabilization in consumer spending and a slower pace of economic contraction.Although the economic outlook has improved modestly since

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