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US markets advance on hopes of positive earnings

FXstreet.com (Barcelona) - The upcoming Q1 earnings reports have sparked optimism amongst investors, lifting the US markets to fresh intraday highs and the S&P500 closer to its record closing high. The greenback, tracked by the US Dollar Index, navigating the lower end of today’s range around 82.45/50 as risk appetite prevails.
DowJones is up 0.40%, followed by the Nasdaq, 0.38% and the S&P500, 0.32%.

Across the pond, European markets posted the second consecutive gain on Tuesday with the exception of the German DAX, losing 0.33% for the day. The rest of the bourses edged higher, propped up by the lower Chinese consumer prices during March and the increased demand for riskier assets. The IBEX35 led the gains with 1.10%, followed by the FTSE100 and the CAC40, up 0.58% and 0.11%, respectively.
The single currency is extending it’s rally, climbing to fresh highs around 1.3100 after dipping to the area of 1.3000

In the commodities realm, both the barrel of crude oil and the ounce troy of gold are trading in the positive territory, advancing 1.04% at $94.35 and 0.85% at $1,585, respectively.

Forex: USD/JPY regains 99.00 after quick drop

The USD/JPY saw a quick slide toward fresh lows sub-99.00 during the American session, with no clear catalyst to blame for the sudden move. The pair fell over 30 pips in a matter of seconds and printed a daily low of 98.58 only to quickly bounce back to the 99.20 area.
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Forex: EUR/USD stalls ahead of 1.3100

The rally of the euro against the dollar stalled just a few pips away from the 1.3100 mark during the NY session as stocks recover after briefly dipping into the red.
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