Although investors continue to be optimistic since Europe agreed to adopt a plan that would eradicate the debt crisis and bring stability in the financial system, correctional movements are generating some losses.
After a sharp rise on Thursday, when optimism was generated by the plans that would ease the European debt crisis, investors are catching their breath and some losses are seen in the currency and commodity markets.
However stock markets are continuing their rallies, where the MSCI Asia Pacific Index rose today by 1.3% at 15:05 in Tokyo, setting the highest weekly close since 2009 at 7.4%.
The better than expected US data also helped sustain the upside movement seen in the stocks markets. Where in Europe FTSE 100 rose as of this writing by 0.14% and DAX rose 0.47%.
The U.S. economy grew in 2.5% in the third quarter, up from 1.3% growth in the second and 0.4% in the first, easing fears that the biggest economy in the world would slip into recession.
Economic data is absent today from Europe and UK, yet the US will release its income and spending reports as well as the University of Michigan consumer confidence, all expected to improve from the previous month.
Currencies are moving in relatively tight ranges, where the dollar index is at 75.00, while the euro fell slightly trading around 1.4175 as of this writing. The pound is trading around 1.6105 and the yen is around 75.85.
The AUD fell slightly in a correctional movement trading around 1.0680, while the CHF has weakened trading around 0.8635. As the US dollar rose today, crude oil fell to $92.55 per barrel, while gold fell to $1736.40 per ounce.
Read more Forex Market Analysis here!
