FXstreet.com (Barcelona) - Wall Street is trading higher today's session continuing the European markets advance on the opening week. Markets has been fueled by the commodities rally and speculations on better than expected earnings reports. Dollar is under pressure against the Euro Yen and Swissy.
Dow Jones posts 0.52% daily gains to consolidate levels above 9,000; S&P 500 advances 0.61% and Nasdaq is reaching 0.55% daily gains.
On the commodity land, oil is climbing 2.00 so far today to trade above 73.00 level, Gold is advancing 0.85% to levels close to $1,058/oz.
The Dollar has been unable to break 90.35/45 resistance against the Yen during the European session and USD/JPY has fallen around 65 pips from 90.45, 2-week high at 90.45, to trade below 90.00, close to 89.60.
EUR/USD has reached the 1.4800 zone after rising 0.50% today from opening price action at 1.4720 to the current 1.4795/1.4805 zone. GBP/USD has fallen below 1.5/800 level again and it is trading 0.40% lower than opening price action.
USD/CHF has extend losses against the Swissy after rejecting at 1.0350 resistance in the early European session to break MA200 hourly chart at 1.0325, MA55 at 1.0290 and test the September 24 low at 1.0230 in a 120 pips decrease movement.