China and Japan have held their interest rates steady, while the USD continues its decline but has yet to break below the 100 level. As you noted, it seems likely to test that level before the U.S. market closes today. Risk assets and commodities are still performing well, with U.S. indices up by an average of 2.0%, driven by strong gains in technology stocks. Gold has surged above $2,600, and silver (XAG) looks poised to potentially reach the $32 mark today.
In the UK, retail sales came in above expectations, providing a positive boost for the GBP. Yesterday’s U.S. Jobless Claims came in at their lowest since May, which is a positive sign for the markets, and the Leading Index, while still at -0.2%, exceeded expectations, adding to the overall market optimism.
With no major data releases today, the focus will shift to next week’s key events, including U.S. PCE and GDP figures, Eurozone PMIs, U.S. PMI, and speeches from FOMC members, which will be closely watched for further market direction.
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