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Asian markets decline on Banks; Pound picks up

FXstreet.com (Barcelona) ? Asian stock markets have gone through a sell session for the second time in a row this week on the back sharp declines in of financials. Meanwhile the Pound has bounced up against the Dollar after yesterday?s sell off.Tokyo Nikkei Index has declined 3.3% and Australian S&P Index fell 2.5%, Singapore?s and Hong Kong?s stock markets have also posted declines beyond 3% on Tuesday.Financials and energy firms have lead declines on Tuesday, following Wall Street?s path, banks?

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U.S. markets soared; Euro, Pound and Swiss Franc strengthen

FXstreet.com (Córdoba) ? Markets soared today in the U.S. Dow Jones gain 215 points finishing at 8426. S&P Index rose 3.40% and had the highest close since January at 907.20. Optimism increase after a good housing report and also an increase in construction spending for the first time after six months. Also crude oil futures had a great day, closing at $54.40 a barrel (five-month high). European currencies where among the winners of today session. EUR/USD rallied today and

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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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Relatively Quiet Day for Canadian Dollar Ahead of Thursday BOC MPR

It's a relatively quiet day for the Canadian dollar as it shows modest moves against the U.S. dollar following a negative open to the North American session Wednesday.USD/CAD has traded in a fairly tight range through most of the overnight session. Ahead of the open the cross hit a high of 1.2476 CAD. However, the U.S. dollar was unable to hold its gains and the cross is under significant pressure trading below 1.2350 CAD.Minor Canadian data is

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U.S. markets open mixed; Euro and Pound rallies, capped

FXstreet.com (Barcelona) ? Stock markets in the U.S. are mixed on Tuesday as investors remain cautious about the results of banks? stress tests, on the back of rumours of 10 banks in need of capital to withstand the current crisis. Euro and Pound Pull back from medium-term highs.Dow Jones Industrials Index edges up 0.26% while the Nasdaq Index slides 0.50% and the S&P Index practically at its opening level in the first hour of trading.On the macroeconomic front

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Pandemic Concerns Drags Euro Lower Against U.S. Dollar

(CEP News)- Concern over a swine flu pandemic is causing global equities to selloff and investors to move into safe havens like the U.S. dollar.The news has caused a significant selloff in U.S. equity futures, which are down over 1% on the day, ahead of the North American open.Meanwhile, the U.S. dollar has made major gains against the euro. EUR/USD has been in a significant down trend since the Asian session. Ahead of the open the euro is down over

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U.S. markets open with losses on swine flu fears; Euro, down on low volatility session

FXstreet.com (Barcelona) ? Following declines in Asian and European markets, Wall street has opened the week on weak note amid concerns about the economic consequences of swine flu. Euro ticks down while, Pound and Yen remain little moved in absence of macroeconomic news.Dow Jones Industrial Index drops 0.66% with the Nasdaq index 0.82% down, and S&P Index trading 0.76% below the opening level.Shares of travel such as airlines and cruise ship operators have been seriously hit on Monday after swine

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Asian markets mixed, Dollar and Yen, stronger

FXstreet.com (Barcelona) ? Asian stock markets have been fluctuating between positive and negative territory on Wednesday as concerns over the results of banks? ?stress test? have brought risk aversion to the markets. Euro and Pound have declined from yesterday?s highs and the Yen has appreciated across the board.With Japanese markets closed for bank holiday, Australia?s S&P/ASX 200 Index edged down 0.8%, while South Korea?s Kospi fell 0.4%. China?s Shanghai Composite Index gained 1%.Banks and commodity producers have been the

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European markets advance; Euro and Pound give away gains

FXstreet.com (Barcelona) ? European stock markets have risen on Monday following increases in Asia on growing belief that the worst part of the economic crisis is already over. Euro and Pound have depreciated slightly during European trading time.Eurostoxx 50 Index adds 0.72%, while German DAX index rises 1.65% and French CAC Index trades 1.07% above its opening level. London FTSE stock market is closed for holidays.On the macroeconomic front, Euro Zone manufacturing PMI edged up to 36.8 in April, from

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