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Global markets opened cautiously higher on Wednesday as optimism surrounding the potential end of the prolonged U.S. government shutdown lifted risk appetite. Oil prices steadied above $60 per barrel, supported by improving demand sentiment and relief that political gridlock in Washington may soon ease. Meanwhile, the U.S. Dollar edged up slightly, while safe-haven assets like Gold and the Yen softened amid renewed hopes of government reopening.
Asian currencies traded mixed, with the Australian Dollar and Japanese Yen under mild pressure, while the U.S. Dollar Index stabilized near 99.50. Market participants now turn their focus to upcoming U.S. inflation data and comments from Federal Reserve officials for fresh policy direction.
Gold trades near $4,010, easing from a three-week high as risk appetite improves following signs that the U.S. government shutdown could soon end. However, underlying concerns about slowing global growth and dovish Fed expectations continue to offer a floor for the yellow metal.
Geopolitical Risks: Political relief from the U.S. shutdown reduces safe-haven flows.
US Economic Data: Traders await CPI data for clues on inflation trajectory.
FOMC Outcome: Fed expected to maintain a cautious stance as growth moderates.
Trade Policy: Easing political uncertainty may support modest risk recovery.
Monetary Policy: Market still prices in potential Fed rate cuts for early 2026.
Trend: Consolidation above $4,000 with mild downside bias.
Resistance: $4,045
Support: $3,985
Forecast: Gold may stay range-bound as improving sentiment tempers safe-haven demand.
Market Sentiment: Cautiously neutral as risk mood improves.
Catalysts: Upcoming U.S. CPI and Fed commentary to dictate next move.
WTI holds modest gains above $60.50, buoyed by optimism over the potential resolution of the U.S. shutdown and improved global risk sentiment. However, higher U.S. inventories continue to limit further upside momentum.
Geopolitical Risks: Ongoing Middle East tensions still support risk premium.
US Economic Data: Reopening hopes may lift fuel demand outlook.
Trade Policy: China’s steady demand outlook underpins price stability.
Trend: Mild bullish bias above $60.00.
Forecast: Oil may extend gains if shutdown officially ends this week.
Market Sentiment: Improving amid risk-on tone.
Catalysts: U.S. inventory data and shutdown resolution headlines.
The U.S. Dollar Index trades near 99.50, posting mild gains as investors price in a smoother economic path if the government reopens soon. However, dovish Fed expectations and subdued Treasury yields cap upside potential.
Geopolitical Risks: Relief over political gridlock offers mild support.
US Economic Data: CPI and retail sales data will guide short-term direction.
FOMC Outcome: Market expects steady policy with bias toward easing in 2026.
Trend: Neutral to mildly bullish above 99.30.
Resistance: 99.80
Support: 99.10
Market Sentiment: Balanced risk tone supports mild USD demand.
Catalysts: U.S. CPI release and shutdown resolution timeline.
AUD/USD extends losses near 0.6530, pressured by a firmer U.S. Dollar and cautious tone from the Reserve Bank of Australia. A recovery in global sentiment has failed to lift the Aussie meaningfully amid lower Chinese demand expectations.
Geopolitical Risks: Reopening of the U.S. government boosts global confidence but not enough to support AUD.
US Economic Data: Positive U.S. data favors USD strength.
FOMC Outcome: Fed caution limits AUD/USD rebound potential.
Trend: Bearish below 0.6550.
Resistance: 0.6570
Support: 0.6500
Forecast: AUD/USD likely to remain under pressure until China data improves.
Market Sentiment: Mildly bearish.
Catalysts: Chinese economic indicators and RBA commentary.
USD/JPY trades near 153.90, as the Yen remains soft amid risk-on market tone and lingering doubts about the Bank of Japan’s tightening timeline. Investors continue to favor the dollar as yields stabilize.
Geopolitical Risks: Easing U.S. tensions reduce safe-haven yen demand.
US Economic Data: Focus on CPI and consumer sentiment readings.
FOMC Outcome: Dovish bias keeps USD/JPY supported above 153.50.
Trade Policy: Stable trade outlook limits volatility.
Trend: Uptrend intact above 153.50.
Resistance:154.20
Support: 153.40
Forecast: USD/JPY may retest highs if risk appetite persists.
Market Sentiment: Risk-on, favoring USD strength.
Catalysts: BoJ policy tone and U.S. data prints.
Oil markets found some stability as expectations of a U.S. government reopening helped calm investor nerves and bolstered energy sentiment. The U.S. Dollar regained modest strength, while risk assets showed a more balanced tone ahead of key U.S. data releases. Overall, the easing political tension may provide short-term relief for markets, but traders remain cautious as the Fed’s next policy signals and inflation figures come into sharper focus.
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