FXstreet.com (Córdoba) - Wall Street open lower on Tuesday, retreating from year highs and dropping after three days. The Dow Jones is falling 0.40% and the Nasdaq is 0.25% lower. Investors start to focus on the reporting season. Johnson & Johnson reported highest third-quarter earnings but showed lower sales. Intel is expected to announce results after the close.
Gold is also pulling back after posting a new record high. The price of the oz holds above 1,060. Crude-oil is up and trades above $73 a barrel.
Markets in Europe are falling at a moderate pace. In London the FTSE 100 is 0.40% lower and in Germany, the DAX is falling 0.70%. The ZEW German economic sentiment showed an unexpected fall.
Cable is extending it recovery across the board. GBP/USD is now on the positive side, continuing its recovery from 4-month low. The pair currently trades above 1.5830. Against the Euro, the Pound is pulling back from a 6-month low. EUR/GBP has fallen below 0.9360 after the opening bell at Wall Street and is near the opening price.
EUR/USD is holding above 1.4800 but moved away from intra-day high. The pair rose to 1.4875, posting a fresh year high but later pulled back to 1.4805. The Dollar is slightly down against the Yen. USD/JPY fell to 89.45, posting a fresh intra-day high, but the pair is now testing levels above 89.70.