FXstreet.com (Barcelona) - U.S. markets have opened Wednesday's session with moderate gains as investors await the Federal Reserve's monetary policy statement later today; Euro and Pound have risen to intra-day highs.
Dow Jones Index rises 0.57%, while the S&P Index adds 0.59% and the Nasdaq Index trades 0.90% above its opening level minutes after the markets opening
The event of the day is the Fed's monetary policy decision, although no rate change is expected, investors attention will be set on the Fed's assessment about the outlook of economy, to determine markets direction after three months of strong rally.
Dollar eases against Euro, up against Yen
EUR/USD bounce at 1.4090 support level on European session has extended through resistance level at 1.4185, and the pair advances to levels right below 1.4200 at the moment of writing.
USD/JPY bounce at 95.00 has extended to levels above Tuesday's low at 95.75 and the Dollar reaches levels above 96.00 on early U.S. session,. At the moment, the Dollar trades at 96.20.
GBP/USD rebound on 1.6390 has extended to levels above 1.6500, and the Pound trades right below Tuesday's high at 1.6520.