FX: Stock market rebound helps EUR/USD to regain the 1.40 mark

On Wednesday, EUR/USD showed a gain of more than one big figure. The driver of the move was obvious: improved investor risk appetite fueled by a positive stock market reaction to the first corporate earnings and some better than expected data (EU car registrations and, even more, the Empire State Manufacturing survey). EUR/USD jumped higher at the start of European trading and tested offers in the 1.41 area early in US trading. Despite an ongoing positive stock market sentiment, the rally of