FXstreet.com (Córdoba) - Wall Street finished with gains on Thursday. The Dow Jones rose 0.63% and the Nasdaq 0.64%; extending a global rally in stocks. Gold is holding above $1055 a/oz after posting a new record high at $1060. Dollar is stable across the board consolidating losses.
The rise in stocks weakened the Dollar that continues under pressure across the board. Currencies tied to commodities are holding at multi-month highs.
EUR/USD is facing resistance at 1.4800 and is building a support zone at 1.4770. The pair is rising for the fourth time out of the last five sessions. GBP/USD failed to hold on top of 1.6100 but remains above 1.6050. The pair could end the day above 1.6000 for the first time since late September.
USD/JPY continues to move sideways, around 88.40/45. A break above 88.70 could give momentum to the pair. On the other side, if it falls below 88.10, Yen could rise further.