US shutdown ending, stocks rising
Important news for the week
Tue, 11th, 08:00 CET UK Claimant count change.
Thu, 13th, 01:30 CET AU Employment change.
Thu, 13th, US Consumer price index (tentative).
Fri, 14th US Producer price index (tentative).
US shutdown
The shutdown in the US is seemingly ending, if the Congress can agree to a deal. Democrats and Republicans have seemingly agreed to a deal, which will secure financing until end of January 2026. The positive sentiment might now continue but the focus could also shift towards the release of the missing data from the United States. Unemployment claims as well as Non Farm payrolls report might hence offer insights and could determine the future path of equities and general risk sentiment.
Market talk
With the likely end of the shutdown in the US also the Dollar loses some steam again. In general markets are getting an uplift after the mixed data from US tech companies last week. Positive momentum might now be resumed, especially since major indices bounce off technical support levels. The pinbar candlestick patterns on the daily chart suggest some uplift for now. Also metals start to rise and the oil market pushes higher. The positive sentiment is also being resumed by the crypto market, which keeps pushing higher.
Tendencies in the markets
- Equities positive, USD weaker, crypto positive, oil positive, Silver positive, Gold positive.
Author
Frank Walbaum
FX Strategies.Asia
Frank has been working in the TV business for several years. Acquiring his skills in Germany’s biggest broadcasting station, he then chose to work and live in Asia, which was in 2007.
