FXstreet.com (Barcelona) - European markets are going slightly up on early Friday's session as buyers came to take profit from low levels after Thursday's decline. Euro and Pound continue softening against the Dollar.
Eurostoxx 50 Index trades 0.6% up, while the German DAX Index advances 0.7%, and the French CAC Index trades 0.65% up in the first two hours of trading. In the UK, the FTSE Index adds 0.73%.
In absence of key macroeconomic data, markets have returned to green after two consecutive days of declines although, with the year end approaching, and after a rally of about 25% over the current year, the feeling on equity markets seems to have turned to neutral.
Euro and Pound continue weakening
GBP/USD attempts to pick up from yesterday low at 1.6605 have been capped twice at 1.6670/75 area, and the Pound has reversed dropping about 100 pips during European session so far, to reach a intra-week low at 1.6560.
EUR/USD recovery from Thursdsay's low at 1.4845 has been capped at 1.4935 area, and the Euro has declined during European session to test 1.4880 support area at the moment of writing.
USD/JPY remains trading below 89.00, after its latest recovery attempt was capped at 89.10. The Dollar Yen moves in a range from 88.65 and 89.10.