Markets extend gains near records

FXstreet.com (Edinburgh) -US markets continue to inch higher on Wednesday with the exception of the Nasdaq (down 0.27%), extending its gains closer to record highs. The greenback, in terms of the US Dollar index, is bouncing off lows and returning to the 80.50 area. At the moment, DowJones is up 0.71% followed by the S&P500, 0.36%.

Upbeat corporate earnings reports boosted the main indices in Euroland while market participants wait for the ECB meeting due tomorrow. The CAC40 advanced 0.79% ahead of the IBEX35, 0.42% and the DAX, 0.35%. The FTSE100 dropped 0.08%. The single currency managed to leave behind sub-1.3500 levels, climbing to the vicinity of 1.3550 ahead of the ECB, although the bull attempt lost some impetus afterwards.

In the commodities’ space, the barrel of WTI is rallying almost 2% around $95.20 while the ounce troy of gold is advancing 0.70% at $1,317.

Metals pick it up; gold wins after weeks of continuous losses

Futures metals print considerable gains, with the exception of copper, in the afternoon of the American trading session. With decreasing oil reserves in the US, oil’s price rose.
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USD/JPY capped below 98.70

USD/JPY extends parallel price action although slightly higher edges points to potential gradual ascend hours away from the Wall Street closing. So far, the pair accumulates 0.22% gains for a total of +120 pips won this month.
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