U.S. stocks advanced on Wednesday, with Wall Street’s volatility unabated, as investors largely adopted the view that the European Central Bank would implement a large-scale bond-purchasing program.
UnitedHealth Group rose after posting a better-than-expected fourth-quarter profit; International Business Machines fell after the Dow component offered a tepid outlook; Netflix gained after the supplier of streaming videos reported earnings that beat estimates.
Multiple news outlets quoted sources in reporting the ECB’s executive board had proposed monthly bond purchases of roughly 50 billion euros in a quantitative easing program that would last at least a year.
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AUD/USD flat lines above mid-0.6700s ahead of Australian jobs data
AUD/USD attracts some dip-buyers on Thursday, around the 0.6820 region. Against the backdrop of the RBA's hawkish stance, the upbeat market mood acts as a tailwind for the pair. That said, persistent concerns over an economic slowdown in China, along with a modest USD uptick, cap the upside as traders await Australian employment figures.
USD.JPY jumps above 143.50, focus shifts to BoJ rate decision
The USD/JPY pair gains traction around 143.55 on Thursday during the early European session. The uptick of the major pair is bolstered by the recovery of the US Dollar. Investors will shift their attention to the Bank of Japan interest rate decision on Friday.
Gold price stalls post-FOMC pullback from all-time peak; lacks firm intraday direction
Gold price oscillates in a range on Thursday and consolidates the previous day's post-FOMC rejection slide from the $2,600 mark or a fresh record high. Persistent geopolitical risks, along with signs of economic trouble in the US and China, lend support to the safe-haven metal.
Ethereum attempts recovery following first rate cut in four years
Ethereum is trading above $2,330 on Wednesday as the market is recovering following the Federal Reserve's decision to cut interest rates by 50 basis points. Meanwhile, Ethereum exchange-traded funds recorded $15.1 million in outflows.
Australian Unemployment Rate expected to hold steady at 4.2% in August
The Australian Bureau of Statistics will release the monthly employment report at 1:30 GMT on Thursday. The country is expected to have added 25K new positions in August, while the Unemployment Rate is foreseen to remain steady at 4.2%.
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