S&P 500 (SPX/USD): Index Flattens as Market Rotation Intensifies Key Highlights Market Overview The S&P 500 traded essentially flat on Wednesday, masking significant divergence beneath the surface as markets await tonight’s critical House vote on government funding. While the benchmark index’s performance appeared muted, a powerful rotation from growth to value dominated market dynamics, with […]
EUR/USD: Bulls Maintain Uptrend as Markets Await Government Funding Vote Key Highlights Market Overview EUR/USD continues its consolidation near 1.1592, maintaining position at the top of a five-day winning streak. The pair remains positioned just below the critical 50-day EMA resistance (1.1625) as traders await tonight’s US House vote on government funding. A successful vote
Safe-haven demand strengthens amid weak U.S. data. Key Highlights Market Overview Gold advanced for a third straight day, holding near $4,125 as soft labor data reinforced expectations for Fed easing.The weaker dollar allowed bullion to reclaim resistance despite mixed equity performance.Dow Jones strength versus Nasdaq weakness signaled a rotation toward defensive assets, often supportive of
Market momentum builds ahead of key Fed speakers. Key Highlights Market Overview The euro extended its rally above 1.1600 on Tuesday as the U.S. Dollar weakened broadly.Soft ADP employment data showed private-sector job creation falling by more than 11,000 per week in late October, suggesting cracks in the labor market and reviving speculation of a
Markets faced significant pressure this week as the US government shutdown reached its 38th day—now the longest in American history—triggering a tech sell-off and reversing the Dollar’s recent gains. Consumer sentiment crashed to 50.3, the lowest since 2022, while October layoffs surged 183% to the worst reading since 2003. Dollar Fails to Hold 100.00 Breakout
The US Dollar surged to two-month highs near 100.00 this week after Fed Chair Powell’s unexpectedly hawkish tone cast doubt on a December rate cut, despite delivering the anticipated 25-basis-point reduction in October. The government shutdown, now entering its 31st day, continues to complicate the economic outlook as major currency pairs saw significant moves. Fed
