AUD/USD is trading below 0.7500, consolidating the rebound amid cautious optimism and the US dollar weakness. China Eevergrande payment news and RBA's bond buys offer support to the aussie. Melbourne reopening also cheers the AUD bulls. Focus shifts to US PMIs.
EUR/USD holding up at critical support in the hourly chart. ECB and Fed are in focus with critical data to end the week. The end of the week for European and US markets will bring plenty of key data for which could still some volatility for traders to enjoy.
Gold refreshes intraday high to $1,787 during the four-day run-up amid early Friday. The yellow metal witnessed pullback the previous day amid firmer USD, on relation fears, but the latest sentiment-positive headlines seem to have favored the gold buyers.
Bitcoin price reached an all-time high of over $67,000 on October 20 and the bellwether cryptocurrency is starting to retest key support levels. While BTC dropped to roughly $62,000 on most exchanges, traders on Binance US witnessed a flash crash of 87%.
We get some non-movers today like the Philly Fed, Sept existing home sales, and leading indicators, but let’s face it, jobless claims own the space. Claims are not behaving as expected and are wildly at odds with job openings.