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US markets in a ‘sea of green’ on Bernanke, US data

Shares in the US markets are inching higher on Tuesday, boosted by Bernanke’s testimony before US Congress and stronger-than-expected data from the US Consumer Confidence and New Home Sales. The greenback, measured by the US Dollar Index, is trading in the upper end of today’s range so far, hovering over the proximities of the key resistance at 82.00
At the moment, DowJones is up 0.77% followed by the S&P500 and the Nasdaq, advancing 0.43% and 0.19%, respectively.
In sharp contrast, markets in Euroland close in red, posting serious losses in the aftermath of the Italian parliamentary elections. The IBEX35 had the worst performance on the day, falling 3.20%, seconded by the CAC40, 2.67% and the DAX, 2.27%. The sentiment surrounding the single currency remains depressed around 1.3050, retracing ground from session highs above 1.3120, as the cocktail of the Italian elections’ results, Bernanke’s testimony and better-than-expected US data seems to be far too much for the euro.

In the commodities space, the ounce troy of gold is rallying beyond the key level at $1600, advancing 1.87%; while the barrel of WTI is down 0.73% at $92.42

Forex: EUR/USD steadies around 1.3050

With upside attempts being capped by the 1.3120 area during the European and American sessions, EUR/USD was confined to a phase of consolidation within the last hours. EUR/USD fell over 80 pips from daily highs in the wake of better than expected US data, but paused the decline ahead of its 8-week low of 1.3018 scored earlier, at the 1.3035 zone.
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Forex: Below 1.2995 EUR/USD could move toward 1.2660 - DailyFX

What's bad about the Italian election results yesterday was not the fact that anti-austerity candidates moved up in the polls and received substantial support, according to Christopher Vecchio, Currency Analyst at DailyFX, "the bad part of the results is that there is now a 'hung parliament,' or divided government".
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