Wall Street up, Europe rallies

FXStreet (Córdoba) - US stocks are rising on Wednesday while European markets finished with strong gains. Among currencies the US dollar remains strong but commodity currencies are recovering ground.

In Europe, the FTSE 100 gained 1.11%, the Dax rose 1.44% and the Cac 40 increased 1.48%. In Wall Street the Dow Jones was up 0.36%, the Nasdaq 0.44% and the S&P 500 0.39%.

Gold and crude oil are recovering after falling sharply in the previous days. The ounce gains 0.37% and trades above $1,300 while the barrel managed to rise above $101 or more than 1%.

Fed being too transparent? - BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman aid the Federal Reserve has been criticized by some because it has been too transparent and that this gives rise to a false sense of security and facilitates mis-pricing of risk.
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GBP/USD range reducing with a bearish bias

GBP/USD is trading at 1.7128, down -0.09% on the day, having posted a daily high at 1.7153 and low at 1.7113.
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