European markets edge higher Thursday

FXstreet.com (Barcelona) - European stock indices continued to rise Thursday –beginning with the indices and composites, the EURO STOXX 50 grew +0.27% as it settles in region of 2668.44, up +7.06 points in these moments. In addition, the FTSE 100 index is trading in positive territory, operating at 6348.79, advancing +22.94 points or +0.36% at the time of writing. Finally, the DAX broke slightly higher, oscillating in the zone of 7852.07, after a movement of +41.43 points and up +0.53%.

In terms of commodities, the price of gold and silver is trading at USD $1557.60 and $27.58 per oz. respectively. In addition, the price of crude is negotiating a price of USD $94.51/bbl.

Apr 11, 2013

Fundamental Morning Wrap: JPY & USD - Key levels and record highs

On a slow morning for economic data, price action and institutional research, there has been a general focus on both JPY and USD. At a time when Yen is making multi year lows, and sits just below the psychological $100.00 level, in the US stocks and bonds are making record highs. The two nations have unprecedented easing programmes in place, and during the market lull many analysts are taking the opportunity to take a thorough look at the surrounding situations.

Forex: GBP/USD testing resistance at 1.5389/93

The GBP/USD surged higher Thursday, en route to fresh session highs at the 1.5389/93 level during European trading. Having already ruptured resistance, the cross is now recording a steadfast advance of +0.38% above its opening.