US: MBA Mortgage Applications rise 3.9% in April-19 week

FXstreet.com (Barcelona) - In the week ending at April 19, mortgage applications in the US rose by 3.9%, slowing the pace from the 4.8% obtained in the week before.

Apr 24, 2013

European markets up on earnings and expectations of ECB rate cut

The German DAX 30 (+0.24%), the French CAC 40 (+0.38%), the British FTSE 100 (+0.16%) and the Spanish IBEX 35 (+0.26%) are edging higher on Wednesday on earnings season and as investors price in expectations of a ECB rate cut after one more disappointing indicator. The Italian FTSE MIB is down by -1.00%, pressured by financial stocks.

Forex: GBP/USD falls off highs to 1.5264/69

The GBP/USD rally was capped at 1.5289 (intraday maximum) Wednesday, and in recent moments has subsequently turned downward, rescinding its earlier gains. Though the cross still remains buoyed in positive territory at 1.5267/68, the advance has been mitigated to only +0.17% in these moments.