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Forex Today: US stock markets advance on earnings optimism

Forex Today: US stock markets advance on earnings optimism

Major US stock market indexes continue to rise bullishly on the back of corporate earnings optimism earlier in the week.

➡️ The major US stock market indexes are moving bullishly towards all-time highs, despite the lack of rate cuts. The rise is believed to be due to companies in the S&P 500 index reporting higher-than-expected corporate earnings, beating market expectations. Since the Forex markets they'll probably be quiet today, Day traders might consider trying to trade the major US stock indexes on the long side.

➡️ Despite the precious metals gold and silver have behaved quite bullishly this past week, so far they have opened the week with a slight decline.

➡️ The Forex market is calm, as is typical on Mondays, especially if, like today, no major data releases are expected.

➡️ The Bank of Japan announced a reduction in bond purchases in a regular operation.

➡️ The release of New Zealand inflation expectations data showed that participants expected lower inflation at 2.33% compared to 2.50% last month.

 

Credit by DailyForex.com

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