FXstreet.com (Barcelona) - U.S. markets are mixed shortly after the opening times on Tuesday with investors concerned by a weak string of earning reports from major companies. Euro, Yen and Pound continue moving sideways.
Dow Jones index edges down 0.12% while the Nasdaq Index trades 0.63% above its opening price and the S&P Index inches down 0.05% minutes after the opening bell.
The Bank of Canada has trimmed its overnight rate by 25 basis points to 0.25% against the market consensus to keep rates on hold at 0.50%. Meanwhile, the Bank has warned about a deeper than expected recession, as measures adopted to reactivate economy could take longer than expected to enact. The immediate reaction has been the Canadian Dollar weakening across the board.
The Pound strengthens slightly
The Pound is showing a somewhat stronger pace than other majors and, after its second attempt has broken above the 1.4600 level, reaching a fresh intra-day high at 1.4640.
The Euro has found support at 1.2910 ahead of the U.S. session opening and rises again towards resistance area between 1.2990 and 1.3000.
USD/JPY remains moving sideways in a range between 97.70 and 98.40.
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