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US equities move higher as Syrian situation looms

FXstreet.com (New York) - The US stock market experienced a positive opening Wednesday, recovering slightly off yesterdays debacle, which saw staunch losses across the board.

Beginning with the indices and composites, today the NASDAQ rose +0.30% as it settles in region of 3589.42, up +10.67 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1633.08, ascending +2.60 points or +0.16% at the time of writing. Finally, the Dow Jones has moved higher at the opening, trading in the zone of 14799.84, presently +0.16% after a movement of +23.81 points.

Sectors are all mixed at the opening, however the Energy and Telecoms sectors have distinguished themselves as the winners thus far, rising +0.68% and +1.45% respectively. Moreover, the price of gold has settled at $1416.01 per oz., while silver is now negotiating a spot price of $24.27 per oz. Wednesday.

In terms of FX, the EUR/USD is now trading at 1.3307 (-0.63%), the USD/JPY has settled at 97.74 (+0.72), the GBP/USD at 1.5499 (-0.32%), and the USD/CHF at 0.9235 (+0.62%).

USD/CAD testing the 1.0500 region

The USD/CAD foreign exchange rate surrendered its grip on the 1.0500 barrier earlier today, now situating itself for a push above it.
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EUR/USD slumps toward 1.3300

The EUR/USD took an ugly turnaround and slumped right before the release of US pending home sales data as wild moves continue in the wake of escalating tensions in Syria.
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