FXstreet.com (Barcelona) - European markets are going through mild declines on Thursday's early session, with investors attention on corporate earnings ahead of U.S. jobless claims report later today. Euro and Pound have softened to key support levels.
Eurostoxx 50 Index declines 0.6% while German DAX Index dips 0.5% and the same decline is registered on French CAC index. In the UK, the FTSE index edges down 0.15%.
Markets rally triggered after the Fed guaranteed an extension of low interest rates, and the maintenance of exceptional liquidity supportive measures, seems to have lost strength, and investors start to take profits after several days of gains.
Dollar picks up against Euro and Pound
EUR/USD has been rejected at 1.5010/20m, Asian session tops,m and the pair has slid below 1.5000 during European session to reach at 1.4925 low although the pair remains struggling at 1.4935 support.
GBP/USD attempted to pick up from Wednesday's low at 1.6535, but the pair was capped at 1.6625 during early Asian session, and the Pound has eased to back to test 1.6535 low at the moment of writing.
USD/JPY failure to break 90.00 resistance on Asian session has triggered a slight pullback with the Dollar dropping to 89.65 area, at the moment of writing, the pair trades at 91.70; 0.15% below the day opening price.