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Economic Indicators Released Overnight
With Initial Jobless Claims and Nonfarm Payroll removed, traders didn't know what to do so they didn't do anything. Retail helped stock markets by the close and non-sovereign assets were yet again, the flavour of the day.
In Australia:
Wall Street closes with records as tech support offsets labor, shutdown uncertainties [Reuters]
US Equities
Israeli military stops nearly all boats in aid flotilla, sparking global protests [Reuters]
Treasury Secretary Bessent says U.S. GDP could take a hit from the government shutdown [CNBC]
US government shutdown negative for credit rating, Europe's Scope warns [Reuters]
Price structure is now not negative, it’s neutral. Only a new all time high close above 123.3k pushes structure into positive territory. Read more
Looks like we’re going to confirm below support but oil being a very fickle market, expect a retrace to the scene of the crime at $66.15. Read more
With DXY stable to negative in the last week, USD/CAD has been pushing higher. Stagnant economy in Canada (certain) and strong economy in US (questionable) is driving the Loonie lower. Read more
Back in the wedge for the final time. Yesterday’s close suggests upside pressure may prevail. Looking for a strong impulse to end the week, leading to a 5% gain at around 24,000 in the coming weeks. Read more