U.S. markets rise at the opening, Dollar trims gains

Fri, Sep 18 2009, 13:45 GMT
http://www.fxstreet.com

FXstreet.com (Barcelona) - U.S. markets are going through gains on early Friday's session in absence of key macroeconomic data. Euro and Pound are picking up further, trimming losses from early European session.

Dow Jones Industrials Index rises 0.40%, while the Nasdaq Index adds 0.42% and the S&P Index trades 0.% above its opening level in the first minutes of trading.

Palm shares dropped 0.5% after it was known that the launch of the company's latest device will not put the company into gains for the recent quarter. Competitors, such as Apple and Research In Motion went up. Unifi climbed 7% after the company revised higher its quarterly earnings expectations.

Dollar trims Gains

EUR/USD rebound on intra-day low at 1.4647 has extended on early U.S. session to levels above 1.4700 as the Euro has reached European session high at 1.4730 and trades at short distance to September 17 high at 1.4767.

GBP/USD decline from Sept 17 high at 1.6565 has reached support at 1.6300 during European session, and the Pound has bounced to levels around 1.6375, although, at the moment of writing, the Pound trades below 1.6350.

USD/JPY bounced from 91.00 support level on early European session but momentum was not strong enough to break above 1.4740 and the pair has stalled in am area from 91.20 to 91.40.

• EUR/USD
• GBP/USD

EUR/USD (Sep 18 at 17:23 GMT)

1.4716/17 (-0.19%)

H 1.4744 L 1.4645

S3	S2	S1	R1	R2	R3
1.4633	1.4670	1.4706	1.4720	1.4757	1.4794

[?]Trend Index	[?]OB/OS Index
Neutral	Neutral
Data updated on Sep 18 at 17:20 (15-minute timeframe)