Wall Street finished with gains on a volatile session; Dollar and Yen moved away from the lows
02 Nov, 2009 @ 04:37 pm ET | written by FXStreet
FXstreet.com (Córdoba) - The Dow Jones rose 0.78% and ended at 9,789 after recovering from 9,680. Equities in the U.S. started with gains boosted by a better-than-expected increase in the U.S. manufacturer ISM. But later, financial stocks sent main stocks indexes down. In the last hours stocks regained the upside and finished with gains. Crude oil also rose and gold ended above $1,054 an ounce.
EUR/USD peaked at 1.4845 but failed to hold and during the American session and pulled back to 1.4725. Currently the pair is testing a resistance zone at 1.4765/70 and trades 0.37% above today's opening price. GBP/USD fell below 1.6400 to 1.6350 and now is hovering near 1.6400 and trades only a few pips below the price it had at the beginning of the day.
The Yen managed to pullback from the lows of the day across the board during the American session. USD/JPY rose to 90.69 (intra-day high) but then pulled down to 90.20. Against European currencies, the Yen also managed to move away from the highs and is posting mix results for the day.
.
Copyright 2008 FOREXSTREET S.L, All rights reserved
Related Articles:
- Forex: USD/JPY below 90.00 Nov 23, 09
- Forex: Yen falls against European currencies Nov 23, 09
- EUR/USD Current Price: 1.4964 Nov 23, 09
- Pound trapped around 1.6600 Nov 23, 09
Sponsored Articles:
- Are These 4 Emotional Pitfalls Sabotaging Your Trading? Nov 12, 2009 4:46PM
- Q&A With Robert Prechter: Why Technical Analysis Beats Out Fundamental Analysis Nov 12, 2009 4:43PM
- Finance's Euphoria: The Epilogue - What Record High Dollar Volume of Trading Says About Confidence Nov 06, 2009 4:32PM


US
UK
Chinese
Japanese
Hong Kong
Spanish
Deutsch
Portuguese
Korean
French
Russian



RSS Most read
Australia
Canada
EMU
Japan
Swiss
England
US

