Gold exceeded $2.000 per ounce. Stock futures rose on Wednesday as investors awaited further updates on stimulus talks.
AUD/USD: at the strategic 0.7000
Information is not investment advice
Monday saw a halt to risky moods reigning in Forex since last week. Tuesday saw the reinstatement of the USD's power. Today, the USD is shaking again, and the AUD is back at 0.7000. Very likely, the currency pair will get up to the local resistance of 0.7030 during the day before we hear what the Federal Reserve has to say. That announcement will either make the AUD/USD break through this local resistance or bounce downwards. So watch the FOMC monetary policy statement!
New COVID-19 cases globally have been on the rise lately, although it is too early to call them second waves in most countries.
With the pandemic claiming about 1000 lives a day in the United States, many departments said they lack the money and the staff to identify people who have been exposed, according to a survey of a 121 local agencies.
US stocks are set to open lower Friday, with investors worry over rising tensions between the US and China, deadlock over the next virus relief bill and possible disappointments from the key monthly employment report.
The pair was falling down amid the waning US dollar. However, the situation changed this month.
Dollar continues to keep firmer on the day, all eyes on the US jobs report later.