FXstreet.com (Córdoba) - Stocks rose in America and in Asia but ended mostly in red in Europe. Crude oil jumped and rose to year highs. Main stock indexes in the U.S. finished at the highest level in 12-months. The Pound was favored by comments on its monetary program and rose sharply across the board. On the other side, the Yen tumbled to 2-week lows. Dollar finished with mix results after recovering from fresh year lows.
A late rally in the U.S. sent main stock indexes to the highest level in a year. The Dow Jones ended above 10,000 for the second day in a row. Energy stocks offset the drop in financials, boosted by the rise in crude oil. The barrel reached a fresh high for the year and ended above $77. Third quarter results from Citigroup and Goldman Sachs disappointed investors.
The ecPulse.com analysis team affirms: Stocks in the United States closed on Green after swinging all day long due to investors' fears and doubts about earnings report presented by Goldman Sachs and Citigroup, which even as they presented better than expected results markets reaction came negative and they led the decline in stocks throughout today's trading session.
The Dollar fell during the Asian session to fresh 14-month lows across the board but then recovered. EUR/USD ended near the same opening prices. Dollar failed to hold below 1.4900 and continues under pressure, closer to 1.50.
Cable jumped across the board on comments that the monetary program of the Bank of England is working properly. GBP/USD jumped from 1.6000 to 1.6300 but failed to break above. The pair rose for the third consecutive day and on Thursday posted the biggest daily gain since June. The Pound also rose sharply against JPY, CHF and EUR.
The Yen plunged across the board and trades at a 2-week low against majors. USD/JPY jumped above 90.00 to 90.80. The pair ended above 90.50 suggesting that the rally of the Dollar may continue. EUR/JPY close the day at the highest level since August 13 at 135.25. GBP/JPY rocketed and rose from 143.00 to 147.30 and finished near intra-day highs. The pair broke an important downtrend line in daily charts.