Wall Street rallies on Corporate earnings

FXstreet.com (San Francisco) - The US stocks market has closed sharply higher on Tuesday after recovering ground from the 2013 biggest sell-off performed on Monday. Better-than-expected economic reports on Inflation and Housing data fueled investors confidence too.

The Dow Jones advanced 157.58 points or 1.08% to close the day at 14,756.78. The S&P 500 added 22.21 points or 1.43% to finish at 1,574.57. And the Nasdaq Composite gained 48.14 points or 1.50% to 3,264.63.

Apr 16, 2013

Forex Flash: EUR/USD runs against data mix – UBS

EUR/USD was creeping higher on Tuesday, despite a data mix, that should have strengthened the USD, according to the UBS analyst team. "The German ZEW survey gave another confirmation that investors feel uneasy about the economic development. In the US, on the other hand, housing starts were quite upbeat and dismissed worries that the US housing recovery comes to an end".

Session Recap: USD declines on risk rebound; EUR/USD tests 1.32

The market recovered the tone after Monday sharp declines and risk appetite has bounced on Tuesday with the Euro, Pound, Aussie and Canadian advancing against the US dollar.