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US equities rise with FOMC looming

FXstreet.com (New York) - The US stock market opened slightly higher Tuesday, one day removed from a volatile session, which saw rumors dragging all major indices before an eventual recovery.

US data release leaves little for the imagination

Earlier today in the United States, the Consumer Price Index ex Food & Energy (YoY) has climbed +1.7% in May, matching expectations of +1.7%. In addition, the Consumer Price Index (YoY) was reported at +1.4% in May, in line with projections calling for +1.4%.

Beginning with the indices and composites, the NASDAQ rose +0.28% as it settles in region of 3461.67, up +9.68 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1641.91, ascending +2.94 points or +0.18% at the time of writing. Finally, the Dow Jones has moved higher at the opening, trading in the zone of 15213.64, presently +0.22% after a movement of +33.79 points.

Sectors are mostly higher at the opening, however the Technology and Financial sectors have distinguished themselves as the winners thus far, rising +0.25% and +0.30% respectively. Moreover, the price of gold has settled at $1373.58 per oz., while silver is now negotiating a spot price of $21.76 per oz.

USD/CHF drifting back

At this time of writing, the indicators are suggesting that we may see some consolidation here, which would make sense prior to the FOMC coming up tomorrow and having found an equilibrium again along the pivot line.
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EUR/USD continues to pare losses

The EUR/USD bottomed out in the 1.3325 region earlier today, only to receive a strong impetus that culminated in a rapid recovery during US trading.
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