FXstreet.com (Córdoba) - The Dow Jones is rising 1.12% and trades at the highest level in more than a year. Crude oil is falling moderately but failed to join the rally in stocks and gold. The metal trades at $1,165 an ounce after reaching new record highs above $1,170. Dollar is falling across the board and rises only to the Yen. Greenback holds near intra-day lows.
The ecPulse.com analysis team affirms: Investors felt confidence today as lack of fundamentals from the world's leading economy helped boost growth outlook for the United States therefore the Dollar as always played a major role in markets; pressuring investors to turn away from low yielding assets in the search of higher yielding assets along with stocks.
The Dow Jones moved away from the highs, the index peaked at 10,495 posting a fresh year high and currently sets at 10,433. The Nasdaq is rising 1.20%.
EUR/USD trades at 1.4965/70 after being unable to break above 1.5000. The pair still trades inside a range. GBP/USD is rising for the first time after falling in the last four sessions. The pair is hovering around 1.6600 after finding support at 1.6585. USD/CHF failed so far to get back above 1.0100 and is consolidating losses but still moving in a range. The Yen is falling across the board. USD/JPY trades above 89.00 and the Dollar peaked at 89.20 (intra-day high).