The Dow Jones gained, pushing Wall Street towards the best week since March. Ahead, the ASX 200 and Hang Seng Index could rally, but will breakouts last?
The Australian Dollar may rally next after the US Dollar weakened and the S&P 500 climbed on the FOMC meeting minutes. Risk appetite could improve during the Asia-Pacific session.
The Australian Dollar and S&P 500 rally risk reversing to market volatility after Snapchat earnings sent social media stocks reeling. Will the Chinese Yuan extend its recovery?
The US Dollar weakened as rising fears of a recession have seen the markets pull back 2023 Federal Reserve rate hike expectations. Ahead, AUD/USD eyes Chinese loan prime rate data.
The Japanese Yen soared as the Dow Jones cratered on Wall Street as the bear market rally unwound. More pain may be ahead in Asia, leaving the ASX 200 and Nikkei 225 at risk.