FXstreet.com (Barcelona) - U.S stock markets have opened with moderate gains on Tuesday following European markets, Euro and Pound rallies seem to have come to stand by, and the same accounts for the Dollar-Yen.
Wall street seems to be following the upward path of European stocks, which have recovered partially losses posted on Monday's sell-off.
Dow Jones Industrial Index is going through gains by 0.47%, and Nasdaq adds 1.21%. S&P 500 Index gains 0.54% shortly after the opening bell. Marks & Spencer, biggest UK clothing retailer has risen 12% and Anglo American Plc, 8.1% up have been the largest gainers.
Majors trading sideways
Majors are consolidating after yesterdays bounce, EUR/USD remains trading in a range from 1.3285 to 1.3340 after having bounced at 1.3200 low on early European session.
GBP/USD The pound has remained trading in a range within a 1.4255 support level and 1.4345 resistance during the whole European session, after having rallied from 1.4110 low hit yesterday.
USDJPY rally has stalled at 98.65 resistance level and failure to break above there has brought about a decline to 98.20 on early U.S. session.