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American equity markets a mixed bag at opening

FXstreet.com (Barcelona) - The US stock market failed to break in either direction at the opening, notching mixed results after US economic data. In the United States, Gross Domestic Product Annualized (Q1) grew +2.5%, against expectations of +3.0%. The Personal Consumption Expenditures Prices (QoQ) yielded a figure of +0.9% in Q1, facing expectations of +1.1%. Finally, the Core Personal grew +1.2% in Q1, matching a consensus of +1.2%.

Beginning with the indices and composites, the NASDAQ fell -0.20% as it settles in region of 3284.00, down -6.69 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1583.61, descending -1.41 points or -0.09% at the time of writing. Finally, the Dow Jones has edged higher at the opening, trading in the zone of 14711.95, presently +0.08% after a movement of +11.15 points.

Sectors are all moxed at the opening, however the Technology and Basic Materials sectors have distinguished themselves as the losers thus far, falling -0.33% and -0.30% respectively. In other news, the price of crude is testing USD $93.15/bbl Thursday.

Forex: EUR/JPY down by 1.00% on the day, at 127.85

The EUR/JPY is already trading below the 128.00 round level, down at 127.85 (-1.00% on the day) as the EUR/JPY is “currently we are viewing this as the market taking a breather ahead of tackling this resistance (131.12)”, according to Commerzbank analysts. The cross fell to as low as 127.77 following the publication of US GDP data and option expires, coming close to February high at 127.71.
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Forex: USD/CHF touches 0.9400 low

The US dollar weakened broadly and fell to a 3-day low against the franc after data showed US Q1 GDP annualized came in strong (+2.5%), but below expectations (+3.0%).
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