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Asian markets, flat after ?stress test?; Euro, Pound and Yen consolidate
FXstreet.com (Barcelona) ? Asian markets have remained little moved on Friday after U.S. Treasury reported that the 19 largest banks would need $75 billions to be well capitalized, a lower than expected figure. Euro and Pound and Yen have been consolidating during Asian session.Japanese Nikkei index adds 0.2% reversing opening losses, while South Korean Kospi Index trades 0.4% above its opening level, and Australian S&P Index fell 0.7%.Banking shares have been higher today despite rises were narrow in all cases;
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Forex: USD/JPY: Dollar will reach 100.00 in June; 105.00 max. level in September ? CIBC
FXstreet.com (Barcelona) ? Recent Dollar weakness, which has driven the pair down to 95.10 low today, is about to end, as the Dollar will reach levels around 100.00 in June according to CIBC World Markets.The Exchange rates Forecast by CIBC world markets forecasts the Dollar to reach levels at 100.00 in June and peak at around 105.00 in September, before pulling back to 97.00 in December.For next year, CIBC World Markets forecasts further Dollar weakness, to drive the pair to
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Forex: USD/CAD rises 0.50% so far today to test 1.2435
FXstreet.com (Barcelona) - USD/CAD is testing 1.2435 resistance level after rising 0.50% so far today from opening price at 1.2377. Currently the pair is trading around 1.2425/35.Along the European session, USD/CAd has been trade in a small range between 1.2390 and 1.2435. Yesterday, USD/CAD lost 0.25% from opening price at 1.2408, reaching 1.2505 as maximum and 1.2327 as minimum, to close the day at 1.2376.According to the Mataf.net analyst team, USD/CAd is in consolidation movement: 1,2392. USD CAD is in
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U.S. Markets open with moderate gains; Euro gives back previous gains
FXstreet.com (Barcelona) ? U.S stock markets are going through moderate gains at the opening times, cheered by better than expected quarterly earnings by Apple and Ebay. The Euro has lost most of the gains pocketed during the European session, Pound and yen remain in range.Dow Jones Industrial Index remains edges up 0.18% while the Nasdaq Index adds 0.32% and the S&P Index trades 0.43% above its opening level minutes after the opening bellShares of Apple and Ebay have surged after
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Forex: USD/JPY: Dollar attempts recovery from 97.65 low
FXstreet.com (Barcelona) ? The Dollar has posted in Asian session an slight upward move after bouncing back at 97.65 low, reaching right below 98.50 level ahead of European session opening.Resistance levels might lie at 98.50 (Apr 16 low), and 98.70 (Apr 17 low), in caser of rising above here, the Dollar might fond resistance at 99.30/40 area (Apr 8 low). On the downside, immediate support lies at 98.00 and 97.65 (Apr 20 low) and below there 97.25 (mar 31 low).EUR/JPY
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U.S. Markets, up at the Opening; Euro and Pound higher
FXstreet.com (Barcelona) ? Stock markets in the U.S. are going through gains in the at the opening buoyed by a string of better than expected corporate earnings news. Euro and Pound are rallying in early U.S. session.Dow Jones Industrials trades 0.62% above its opening level, while the Nasdaq Index adds 0.69% and S&P Index trades 0.63% above its opening level.Ford, American Express and Microsoft shares have risen after releasing positive earnings results in the 1Q. On the macroeconomic front, U.S.
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U.S. Stock markets dip after House sales data; Yen and Euro slightly stronger
FXstreet.com (Barcelona) ? U.S. stock markets have reversed moderate gains at the opening, after the release of U.S. Existing home sales; The Euro tries to pick up and the Dollar softened against the Yen.Dow Jones Industrials drop 0.54% below their opening level, while the Nasdaq Index loses 0.34% and the S&P Index trades 0.28% below its opening price.The Euro has dropped to 1.3000 from intra-week high at 1.3088, and at the moment of writing trades at 1.3035 resistance level. USD/JPY,
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Forex: AUD/USD rises 1.10%, testing 0.7200 level
FXstreet.com (Barcelona) - AUD has risen around 85 pips against the USD from 0.7115, in the Early European morning, to reach today's high at 0.7200. currently, AUD/USD is trading around 0.7190/0.7200 after rising 1.10% so far today from 0.7121 opening price.Yesterday the pair rose 0.85% from opening price at 0.7063, reaching 0.7156 as maximum and 0.7030 as minimum, to close the day at 0.7122.The Varengold Bank Research Team says: The AUD/USD has been trading in a bearish trend phase and
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