Mixed sentiments continued to dominate financial markets on Tuesday, where rising trade surplus in China supported global confidence, moreover, investors’ concerns eased over the outlook of the European debt crisis after speculations mounted that Greece will avoid restructuring its debt.
Meanwhile, the import price index was released from the United States for the month of March, where import prices rose above expectations due to the recent rise in food and oil prices, while wholesale inventories increased in March above estimates.
Stocks in the United States extended their gains at opening on Tuesday supported by better than expected earnings, where the Dow Jones Industrial Average was higher by nearly 0.40% to trade around 12,735, while the S&P 500 index was also higher by 0.50% to trade around 1,353. European stock indexes traded higher as well before closing on Tuesday, where FTSE 100 was up by nearly 1.15% trading at 6010 and the DAX was also higher by nearly 1.40% to trade around 7515.
The U.S. dollar was little changed against a basket of major currencies on Tuesday, where the U.S. dollar index was trading at 74.76, compared with the opening level at 74.80. The Euro was also little changed against the Dollar, where the EUR/USD pair traded at $1.4367, compared with the opening level at $1.4368, and the British Pound was lower against the dollar, where the GBP/USD pair traded at $1.6367, down from the opening level at $1.6406.
Gold prices were slightly higher on Tuesday, where gold traded around $1516 an ounce, crude oil prices rose slightly on Tuesday, rising above $102 a barrel.
Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
About ForexMansion.com:
www.ForexMansion.com is a part of the Finance Mansion Network which operates global financial websites. Our goal is to provide our readers with the most accurate, quality and up-to-date technical analysis, fundamental analysis and news in order to assist them in making the right financial decisions.
The Finance Mansion Network includes www.FinanceMansion.com,www.ForexMansion.com, www.StocksMansion.com, www.CommoditiesMansion and many more.
