Market news
02.05.2011, 12:22

European session:

The Dollar Index snapped a nine-day decline, while oil dropped and equities climbed after President Barack Obama said al-Qaeda leader Osama bin Laden was killed by U.S. operatives in Pakistan.
The Swiss franc weakened versus a majority of its most- traded peers. The yen snapped two-day gains versus the euro and the dollar following reports of bin Laden’s death and data that showed European manufacturing accelerated.
Oil futures fell 2.2 percent to $111.46 a barrel on the New York Mercantile Exchange after President Obama said Bin Laden was killed by a team of U.S. operatives after a firefight at a house in Pakistan.
The MSCI Asia Pacific Index of shares added 0.7 percent, the Stoxx Europe 600 Index rose 0.3 percent and futures on the Standard & Poor’s 500 Index increased 0.7 percent. The yield on the 10-year Treasury note rose almost two basis points.
A gauge of manufacturing in the 17-nation euro area rose to 58 from 57.5 in March, London-based Markit Economics said today. That’s above an initial estimate of 57.7 on April 19. A reading above 50 indicates growth.

EUR/USD: eased to $1.4760, before gained back above $1.4800 to $1.4850 as the pair reqacts to the strong data and pares some of the greenback's Osama-related gains from earlier in the session. Modest offers seen at $1.4875/80. Support back at session low $1.4760.
GBP/USD: found the base around $1.6640, before bounced back to middle of the day's range  $1.6700.
USD/JPY: rose Y81.70, before eased to Y81.50.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location