Markets Mixed as Shutdown Optimism Grows

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Forex Market 

USD: Mixed Trade as Shutdown Speculation Continues
Wall Street was mixed overnight amid ongoing speculation of an end to the U.S. government shutdown. The Dow Jones gained +1.1%, S&P 500 +0.3%, and Nasdaq -0.4% entering the final hour of trade. U.S. Treasury markets were closed for Veterans Day, while Brent crude rose 1.1% to $65.10 per barrel. AUD/USD held within a narrow 0.6516–0.6538 range, closing at 0.6530 ahead of the Asian session.
In Asia, equities were subdued before the U.S. holiday — Nikkei -0.1%, Hang Seng -0.2%, Shenzhen -0.9%, and ASX 200 -0.2%. The AUD/USD traded quietly, finding support between 0.6526–0.6537.
Across Europe, equities opened higher as FTSE +1.1%, CAC +1.3%, and DAX +0.5%, while the EUR/USD climbed to 1.1606 and GBP/USD to 1.3184. Softer U.K. employment data weighed briefly on the pound, but sentiment recovered later in the session.
U.S. data was limited due to the shutdown, with NFIB Small Business Optimism printing slightly weaker at 98.2 vs 98.3 expected. Fed commentary remained dovish, hinting at further easing.
The USD softened modestly into the close, while AUD/USD settled around 0.6530.

General Market

Wall Street
  • Dow Jones: +1.0% to 47,860
  • S&P 500: +0.3% to 6,850
  • Nasdaq: -0.2% to 23,477
  • VIX: -1.2% to 17.39
Asia-Pacific
  • ASX 200: -0.2% to 8,819
  • Shanghai Composite: -0.4% to 4,003
  • Nikkei: -0.1% to 50,843
  • Hang Seng: -0.2% (session close not listed)
Europe
  • FTSE: +1.1% to 9,900
  • DAX: +0.5% to 24,088
  • CAC: +1.3% to 8,156

Headlines to Watch 

United States
  • Fed officials’ speeches eyed for policy direction
  • CPI data ahead could test soft-landing hopes
  • Earnings: Oracle, Disney continue investor focus
Europe
  • ECB policymakers hint at rate-cut timing
  • U.K. GDP and labor data in focus
Asia-Pacific
  • China’s October inflation, credit data to gauge recovery
  • Japan GDP preview sparks yen volatility concerns

Mid-market rates

Currency PairMid-market Rate
AUD/USD0.6530
AUD/NZD1.1546
AUD/JPY100.65
AUD/CNY4.6469
AUD/EUR0.5637
AUD/GBP0.4966
AUD/HKD5.0755

 

 

 

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