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US markets posting strong gains on Bernanke

FXstreet.com (Barcelona) - Shares in the US markets are advancing firmly on Wednesday, after Chairman Bernanke hinted that the Fed could scale back the bond buying in the next meetings. The greenback, measured by the US Dollar Index, is markedly higher vs. its rivals, hovering over 84.35/40 after hitting highs in the vicinity of 84.50.
DowJones is up 0.57%, followed by the Nasdaq and the S&P500, up 0.30% and 0.53%, respectively.

Bourses in Europe advanced to multi-year highs on a hawkish Bernanke, with the exception of the IBEX35, retreating for the third consecutive session. The German DAX was the best performer, climbing 0.69%, ahead of the FTSE100, 0.53% and the CAC40, 0.37%.
The single currency has stabilized around 1.2850 after printing fresh weekly highs in the area of the key 1.3000 handle.

In the commodities realm, both the barrel of WTI and the ounce troy of the precious metal are giving ground, losing 0.93% at $95.81 and 0.38% at $1,372, respectively.

USD/JPY in highs around 103.70

The USD has resumed its upside on Wednesday, pushing the pair to the boundaries of 103.70, levels last seen in October 2008...
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FOMC minutes next: impact on EUR/USD

Volatility may have not come to an end this Wednesday as the minutes from the latest FOMC are due for release at 18:00GMT. Following Bernanke testimony and his mixed signals about the possibility of tapering the QE program, investors will be looking for further cues as Fed Chairman did leave the door open to acting in the next few meetings.
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