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Wall Street finished mix; Dollar moves away from the highs of the day

Tue, Nov 10 2009, 21:25 GMT
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FXstreet.com (Córdoba) – Stocks ended mix in the U.S. on a calm day. Crude oil trades below $80 on a volatile session. Gold holds above $1,100 an ounce. Dollar is slightly up against across the board. In the last hours Greenback continued to move away from intra-day highs.

The Dow Jones rose 0.20% and posted gains for the fifth consecutive day. On the other side the Nasdaq fell 0.14%. Market is Europe also closed with mixed results.

Dollar is moving in ranges across the board. EUR/USD holds below 1.5000 but above 1.4970. GBP/USD continues to moved away from 1.6605 (intra-day low) and is consolidating above 1.6700. USD/JPY is calm and moves inside a range with support at 89.70 and resistance at 89.90 since the beginning of the American session.

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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

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Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

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