FXstreet.com (Barcelona) - US stocks rally continue today's American session after the Geithner today's speech on toxic assets plan. DJIA are rising 300 points, above 7.500.
Wall Street is posting gains in today's session on the revenue confidence on financials on Treasury assets plan. Dow Jones are rising 4.12%, Nasdaq are posting 3.60% gains and S&P 500 has climbed up 4.20%.
Timothy Geithner, U.S. Treasury Secretary, says today that despite It's not the biggest piece, it's an important piece to revive credit: It's the next step in the series of efforts we're taking to make sure that the banking system is doing what it should do, which is to provide credit for the economy,
The GBP/USD has risen around 90 pips, after it found support at 1.4450, to 1.4560 in the hour after the Geithner interview. EUR/USD has been rebounded above 1.3600 from the 1.3500 support, currently it is trading around 1.3610/20.
USD/JPY is back below 97.00 level after be rejected by the 97.31 resistance level. currently is trading around 96.80/90 level.