U.S. markets flat after Monday's rally; Dollar, moving sideways

Tue, Nov 10 2009, 15:20 GMT
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FXstreet.com (Barcelona) - U.S. markets remain flat shortly after the opening bell as investors seem to have taken a breath after yesterday's post G20 rally. The Dollar remains trading sideways against its major rivals.

While The Dow Jones and the S&P Index post advances lower than 0.1%, the Nasdaq index adds 0.15% in the first hour of trading.

In absence of key macroeconomic data, financials and materials sectors have declined after large gains posted on Monday, their losses being offset by gains on consumer companies.

Dollar, trading rangebound

EUR/USD remains trading rangebound from support at 1.4950 to resistance area at 1.5020 for the second consecutive day, after rallying from 1.4850 low on Monday.

GBP/USD is ticking up slowly after its decline from 1.6790 high on Asian session was capped at 1.6600, and the pair reaches already levels above 1.6700, trading at 1.6735 at the moment of writing.

USD/JPY remains trading in a range from 89.70 to 90.30. Its latest attempt on the upside was capped at 90.15, and the pair fell back to 89.70 low.

EUR/USD

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