FXstreet.com (Barcelona) - U.S. markets have opened with moderate gains in Wednesday driven by financials and technologicals, risk aversion seems to have loosened and the Euro has taken back lost ground, while Dollar - Yen returned to trade above 100.00.
Dow Jones Index trades 0.65% above the opening level, while the Nasdaq Index adds 1.55% on strength on technological shares. S & P Index is up 1.03% minutes after the opening bell.
On the macroeconomic front, Canadian housing starts have been a positive surprise,, posting a 13.7% increase in March to an annual rate of 154,700 houses.
USD/JPY back above 100
The Dollar yen has been the biggest mover in European and U.S. session so far, after decline from 100.85 Asian session high, the Dollar has dropped to 99.45 intra-day low on early European session to rise back past 100.00 reaching resistance level at 100.25/35 at the moment of writing
EUR/USD has bottomed at 1.3165 level in early European session and the Euro has risen past resistance level at 1.3225/40 taking back all the losses posted during the Asian session.
GBP/USD has followed a similar pattern, after bouncing at 1.4640, the Pound has broken above 1.4710 although the pair does not seem strong enough to take off from the mentioned level.