As Market Analyst at FX Solutions (http://www.fxsolutions.com/), Chris Advincula provides forex traders including a depiction forex taste around the euro on 19th October:
"The euro remained firm overnight at the 1.3820 - 1.3760 amount as the promote confidence continues for a following calculate from the Guardian news condition yesterday that Germany and France agreed on a leverage plan to boost the EFSF rescue funds to 2 trillion euros. (compared to the 440-660 billion previously estimated). This was denied before however, the market continues to rely on this inspiring but uncorroborated news.
Moody's downgraded Spain rating to A1 from Aa2 with a halfhearted outlook at 5:26pm EST. The euro rank dropped 30-pips from 1.3760 - 1.3730 on the initial reaction. This was however, shrugged off and as a replacement for became proffer at the 1.3725-30 zone as quickly as the Japanese proverb the low-cost levels to buy.
Nikkei gained 0.6% to 8,789.83 at 11:00am in Tokyo. The broader Topix pointer rose 0.4% to 754.04, led by the financials. US stocks surged, led by financial shares.
The S&P rose 2.04% even as the Dow Jones rose 1.58%.
Bank of America rose 10% with posting best than probable earnings. Treasuries fell, while commodities advanced.
Nikkei is +18.08 points to 8,759.99 (+0.21%)
Hang Seng is +226 points to 18,302.80 (+1.25%)
S&P ASX is +29.90 points to 4,216.80 (+0.71%)
The 30-day exponential changing place norm rose from 1.3740 to 1.3808."
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