FXstreet.com (CÃ³rdoba) - Markets rose today in the U.S. with the Dow Jones up more than a hundred pips closing at 8550 a new highest since January. Stocks gain impulse from another report that showed a moderation in the economic downturn; this time was the ADP Employment index which had the smallest decline in six months. Also crude oil made the news reaching a new six-month high.
In the currency market the main receiver of benefits was the pound. GBP/USD rose constantly during the American session. Is up 0.40% being traded at 1.5118. If the day ends at this level for the GBP/USD it will be the highest closed since January 7th.
EUR/USD moved in sideways during most of the session. Now is at 1.3305 only 5 pips below opening price. The pair doesn't have a clear direction. On the downside could find support at 1.3270 and on the up side resistance at 1.3460.
USD/JPY lost all the gains of the Asian session falling from 99.07 to 98.20. Now the pair is trying to get strength back and start rising again. The zone of 98.20 remains as a strong support. On the upside 98.60 is an area to look for some resistance.
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