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US markets advance on QE hopes, Bernanke

FXstreet.com (Barcelona) - Equities in the US markets are advancing on Tuesday as investors continue to gauge the timing of the Fed scaling back its monthly asset purchases, ahead of tomorrow FOMC minutes and Bernanke’s testimony. The greenback, in US Dollar Index terms, is posting meagre gains below 84.00 the figure, retracing ground after climbing as high as 84.30 in the European midday.
DowJones is gaining 0.48%, followed by the S&P500 and the Nasdaq, up 0.36% and 0.31%, respectively.

Bourses in Euroland extended their weekly gains with the exception of the Spanish benchmark, down 0.60% for the day. Despite the improvement in most of the indices, market participants remained cautious ahead of tomorrow’s FOMC minutes. The FTSE100 led the winners, up 0.71% and followed by the CAC40, 0.33% and the DAX, 0.19%.

When comes to commodities, both the barrel of WTI and the ounce troy of gold are trading in the negative ground, retreating 0.64% at $96.13 and 0.46% at $1,377, respectively.

EUR/USD rally stalls at 200-hour SMA

The EUR/USD stretched to fresh daily highs during the American afternoon, after Fed's Dudley said the bank expects to taper QE 'at some point'. The dollar weakened further while stocks extended gains after the comments.
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US Dollar Index keeps the positive below 84.00

The greenback, in terms of the US Dollar Index, is posting meagre gains on Tuesday, trading in the lower end of the range after breaching the key 84.00 handle...
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