Wall Street rises for third day on extra QE time

FXstreet.com (San Francisco) - The US stocks market rose on Thursday for third straight session as investors are confidence than the Fed will take more time before starting its QE tapering.

Many Fed policymakers' speeches have said that the economy will need more time before tapering the Fed could start reducing its bond-buying. The Dow topped the 15,000.

The DJIA advanced 114.35 points or 0.77% to finish the day at 15,024.49. The S&P 500 added 9.94 pts or 0.62% to end the day at 1,613.20. And the Nasdaq Composite closed the session at 3,401.86 after rising 25.64 pts or 0.76%.

EUR/JPY's advance finds resistance at 128.35

After trading in consolidation mode in between 127.95 and 128.20 in the American session, the EUR/JPY attempted to break above range with the pair jumping to 128.35, but the pair was rejected at this level and now it's trading at 128.15.
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Flash: AUD/USD looks to be fair valued – Westpac

According to Global FX Strategist Sean Callow at Westpac, “The AUD looks set to enjoy a little more short-covering but not much beyond 0.9400/50.”
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