FXstreet.com (Barcelona) - U.S. markets have opened on Thursday with moderate gains in the first hour of trading, while housing and unemployment data was grim, The Dollar has posted gains against Euro and Yen.
Stock markets have opened with moderate gains, Dow Jones has risen 1.50% and the Nasdaq is 0.86% higher in the first hour of trading. On the macroeconomic front, initial jobless claims have risen to the highest level since 1982, while new home sales have plunged 10% instead of the 1% forecasted.
EUR/USD has opened the session rallying towards 1.2810, but it has been unable to hold at such levels and it has dropped back through 1.2760 level to 1.2740 so far on its way back towards 1.2700 support level.
GBP/USD has hold upper levels quite better than the Euro; the Sterling remains struggling with the 1.4360 resistance level after having rallied from 1.4161 intra-day low in Asian session.
The Yen has extended losses and, after two attempts, Dollar seems to have succeeded above 98.00, reaching 98.55 so far, after having remained practically flat during the European trading session.