FXstreet.com (Barcelona) - European markets have opened the week on a mild bid tone, with investors confidence lifted up by upbeat corporate earnings. Euro and Pound remain trading within flat channels.
Eurostoxx 50 Index trades 0.25% up, while German DAX Index adds 0.60%, and the French CAC Index advances 0.4%. In the UK, the FTSE Index adds 0.25% on early trade.
Markets have continued celebrating positive earnings reports; shares of Eletctrolux AB, Swedish home appliance maker have jumped 10% after releasing higher than expected earnings in te third quarter. On the negative side, shares of ING Groep have declined 6.2% after the bank's announced its plan to split its banking from its insurance operations.
Euro and Pound trading sideways
EUR/USD has been unable to break above 1.5060 resistance on its second attempt, seen during Asian session, and the pair has remained trading in range from 1.5015 to 1.6000.
GBP/USD remains moving within a range from 1.6250 session low to 1.6325 on the upside, a level which is being tested at the moment, after its decline from 1.6690 high on Friday.
USD/JPY fell from 92.20 on early Asian session to find support at 91.55 befre attemting to pick up, although the Dollar was capped at 91.95. At the moment of writing, the pair moves at 91.75.