FXstreet.com (Barcelona) - U.S. markets are sharing the optimism seen in European markets and they're going through gains at the opening: Euro and Pound have rallied against the Dollar.
Dow Jones is going through gains by 2.06% and the Nasdaq Index adds 1.96% while S&P Index rises 2.37% shortly after the opening bell, driven by financials and energy.
In the macroeconomic domain, Initial Jobless Claims have pointed out to further decline on employment, with jobless claims rising at their fastest pace since 1982. The ECB has released its decision to cut its main interest rate by 25 bp to 1.25%, its lowest level in History, without giving any hint on the adoption of non-standard measures.
Euro and Pound stronger
Euro and Pound have posted strong rallies from European session lows. The GBP/USD The Pound's has increased 400 pips from 1.4275 level ahead of the European session opening to levels above 1.4680 resistance (downtrendline off 1.5720 high on Dec 17), reaching right below the 1.4725/35 resistance level (Mar 25 high).
EUR/USD has rallied from 1.3245 low on European session to 1.3495 level to ease afterwards to levels below 1.3445 support.
USD/JPY has reached to a fresh 4-week high at 99.00; right below the 100.00 level, although it has fallen afterwards below the 99.45 support level (Apr 1 high).