FXstreet.com (London) - Major US stock indices traded broadly positive on upbeat jobless claims. The DOW and S+P both consolidated gains this session. Nikkei opened gapped open to the upside off the back of US gains, gaining over 60bps
In early Asian trading the Dollar was flat across its major pairs today, broad picture looks like this: EUR/USD 1.4424/25 (+0.12%), Swissy 1.0261/64 (-0.14%), Cable 1.6153/57 (+0.22%), USD/JPY 92.34/35 (+0.03%).
EUR/USD has reversed direction and moves against of the Euro. Dollar confidence was boosted earlier today, when US jobless claims fell for the third time. Investors will extrapolate that these positive figures will also infer increasing likelihood of positive NFP data on Friday.
Valeria Bednarik, collaborator at FXstreet.com guides us on the technicals: while pair moving in a small consolidation range between 1.4300/1.4335 for the past hours. Ahead of U.S. employment data, investors could remain cautious during current session, keeping the pair range bound. Regional stock markets have mildly positive lead from U.S. stocks.
The pair is down almost 15 pips from the open and currently trades at 1.4306/8