Markets witnessed mixed sentiments today, but positive vibes started to dominate traders, making risk assets more appealing afternoon, after the Federal Open Market Committee said it will keep the benchmark interest rates exceptionally low until late 2014 and Apple earnings doubled expectations. Stocks restored gains and the euro, while the dollar waned.
Apple Inc, the Technology giant and maker of iPhone and iPods, reported splendid quarterly earnings after the makrets closed yesterday, doubling analysts' expected earnings and featuring the earnings season so far, after reporting net income of $13.064 billion in last quarter or $13.87 a share, from $6.004 billion the year ago.
The dollar index, which measures the performance of the U.S dollar against a basket of currencies including the euro, the pound and the Japanese Yen, fell slightly from the opening level of 79.90 to trade around 79.70, recording the highest level at 80.355 while lowest at 80.77.
Accordingly, Gold rose sharply to trade around $17012.50 an ounce, from the opening level of $1666.59, recording the highest level of 1703.01 and lowest at 1648.97. Oil gained reaching an intraday of $100.08 a barrel from the opening levels of $99.25.
The euro was lifted up by the dollar afternoon, brushing asise early worries about the greek-debt talks in the morning. The EUR/USD pair to trade around $1.3098 from the opening level of $1.3035, while recording the highest level of $1.2931 and lowest level of $1.2931.
The British Pound gained slightly against the dollar as well, after a governmental report showed the U.K economy contracted more than forecasted in the fourth quarter, driving the GBP/USD pair to trade around $1.5639 from, the opening level of $1.5321, while recording the highest level of $1.5644 and lowest of $1.5529.
Finally, the Dollar steadied against the Japanese Yen, after governmental report showed the country's trade balance registered a deficit for the first time in 31 years. The USD/JPY pair trades around ¥77.61 from the opening level of ¥77.69, while recording the highest level of ¥78.28 and lowest levels of ¥77.56.