FXstreet.com (Barcelona) - U.S. markets are going through gains after a hesitant opening, boosted by better than expected manufacturing and housing data, which has triggered risk appetite sending Euro and Pound higher.
Dow Jones Industrials Index advanced 1.2%, while the Nasdaq Index adds 0.7% and the S&P Index trades 1.2% higher, one hour after the opening bell.
On the macroeconomic domain, U.S. Manufacturing ISM rose to 55.7 in October, from 52.6 in September, well above the 53.3 reading expected by market analysts. Furthermore, Pending home sales increased at a 6.1% pace in October, to 110.1. Year on year, sales increased 21.2%.
Euro and Pound favoured by positive data
EUR/USD bounced at 1.4735 on early U.S session and extended rally, on the back of U.S. data, above 1.4790 session high to hit 1.4845 high so far.
GBP/USD bounced at 1.6330 day low ahead of U.S. opening and boosted through 1.6400 on the back of U.S. data, reaching 1.6435 high before easing to 1.6415 at the moment of writing.
USD/JPY recovery from 89.15 low hit during early Asian session has extended above 90.30 session high to reach a new high at 90.70.