Asian markets advance buoyed by quarterly earnings; Euro and Pound recovery continues
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Asian markets advance buoyed by quarterly earnings; Euro and Pound recovery continuesFITITOL–>FXstreet.com (Barcelona) – Asian markets are going through gains on Friday on the back odf an string of better than expected quarterly earnings reports have returned confidence to investors. Euro and Pound have appreciated further approaching week highs.
Japan’ Nikkei Index has risen 1.9%, while Hong Kong’s Hang Seng Index advanced 1.8% and south Korean Kospi Index went 1.4% up. Markets in India, Taiwan and Singapore rose.
Investors worldwide have celebrated quarterly earnings reports released lately, showing better than expected results arising hopes that a real pick up could be seen on forthcoming quarters. Sony Corp, entertainment firm reported smaller than expected losses, which boosted other companies of the sector, such as Motorola.
Euro and Pound gaining back lost ground
GBP/USD advanced further during Asian session times, the pair has set a base at Wednesday low 1.6340 and the Pound rose from levels around 1.6465 to test resistance area around intra-week high at 1.6555.
EUR/USD bounced on Wednesday at 1.4005 low and the pair has risen further during Friday’s Asian session, from. 1.4060 low the Euro reaches levels right below 1.4135 resistance at the moment of writing.
USD/JPY has pulled back in Asian session. Rally from Wednesday low at 94.00 has reached 3-weeks high at 95.90 and the pair, rejected at the mentioned level, has pulled down to levels below previous intra-week high at 95.35.
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