US stock markets are yet to close but, thus far, have responded favourably to the FOMC statement with the S&P500 currently carving out new highs. The US$ has dipped but watch to see how sentiment here evolves over the next day especially as there are some big names reporting earnings. The BoE rate update is […]
Tonight brings FOMC as well as the private US jobs report, ADP NFP, so watch to see how the US$ reacts to these two sets of data.
The US$ is a bit lower to start the week and the EUR/USD is back at 1.16 making we wonder if it might park there until Wednesday’s FOMC. The AUD pairs are little changed but watch to see how today’s RBA update might impact them.
Last week: October ended up being a strong month for US stocks with the four stock index majors, the S&P500, DJIA, NASDAQ and Russell-2000, all closing higher and with the first three closing at new all-time highs and, essentially, with bullish-engulfing style monthly candles. The S&P500 and AUD/JPY both carved out particular achievements; the S&P500 with […]
The EUR/USD traded higher last session and was helped more by the US GDP miss than any commentary from the ECB update. The weekly chart’s bullish-reversal descending wedge continues to shape up as a result. The NASDAQ and S&P500 closed at new highs, following the GDP result, but Friday could be a bit rocky for […]