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Wall Street extends gains amid FOMC minutes

FXStreet (San Francisco) - US stocks market advanced on Wednesday to recover yesterday's losses as investors welcomed FOMC minutes and the hint that the central bank wouldn't raise rates soon.

The Dow bounced from 3-week lows and after climbing 158.75 points or 0.97% the DJIA closed at 16,533.06. The S&P 500 added 15.20 pts or 0.81% to 1,888.03. The Nasdaq Composite advaced 34.65 points or 0.85% to finish at 4,131.54.

GBP technicals mixed - Scotiabank

Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank notes the recent developments of the pound.
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GBP/JPY above 171.00, best day in a month

After four days of moving in small ranges the GBP/JPY had a volatile day and finished hovering around 171.40, at the highest level in a week after having the best day since April 16.
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