Thursday, July 16, 2009

Euro rose against the backdrop of the revenue data JPMorgan

News that U.S. bank JPMorgan Chase in second quarter profit has received a $ 0.28 per share, while analysts on average predicted only $ 0.05 per share, made a very positive impression on investors, bringing the Bulls stepped up and the main stock indices to break to a fresh peak session. It is not gone unnoticed and the foreign exchange market participants, where the enhancement of appetite for risk led to increased pressure on the American currency in the wake of which the euro / dollar break to Ofer of $ 1.4135/40. This growth has so far been restrained, but dealers note that while the corporate reporting is quite good and further positive news might convince the bulls go to the stronger offensive and test the strength of resistance around $ 1.42.

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