OctaFX | OctaFX Forex Broker
Open trading account
Back

Wall street closed most positive in three weeks

FXStreet (Guatemala) - Wall Street was saved from today as the S&P 500 managed a strong rally for the end of the quarter in the best rally in three weeks.

Investors picked up the worst hit companies in the energy and health sectors as well as raw-materials.

The S&P 500 was up to 1.9 percent positive at 1,920.03 by the close, which is the best close since Sept. 8 leaving it down 6.9 percent for the quarter.

The Dow gained 1.5 percent, to 16,284.70 losing 7.6 percent since June's closing business. The Nasdaq was a strong performer, up 2.3 percent.

We now await the new month and with it we have the FOMC. The Nonfarm Payrolls is due on Friday and this will be closely monitored on Wall Street as a guide as to whether there are serious risks to the corporate sector in October of a rate hike from the Fed.

USD/JPY: neutral within familiar ranges - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the USD/JPY pair surged to a daily high of 120.34 after the European opening, retreating from it ahead of the US opening, even despite the US ADP survey beat expectations by printing 200K for September.
Read more Previous

Divergences pose downside risks to AUD - Scotiabank

Eric Theoret, CFA, CMT FX Strategist at Scotiabank explained that a divergence in market pricing of central bank policy risk for CAD, AUD and NZD has emerged, presenting upside risk for CAD, balanced risk for NZD, and downside risk for AUD heading into next week’s RBA decision.
Read more Next
Start livechat