Dow Jones Price Gain to Fuel AUD/USD Reversal to Chart Trend Line?

Asia Pacific Market Open – Dow Jones Prices, AUD/USD, British Pound, Brexit, US Dollar

  • Anti-risk Japanese Yen and Swiss Franc underperformed as SP 500 and Dow Jones rose
  • Wall Street was lifted by earnings reports from Goldman Sachs, Morgan Stanly and Netflix
  • AUD/USD getting ready for a reversal to the descending trend line from February next?

We recently released our 4Q forecasts for the British Pound in the DailyFX Trading Guides page

The anti-risk Japanese Yen and Swiss Franc were among the worst performing majors on Tuesday. These currencies were undermined amidst a broad improvement in market mood as equities traded higher in Asia, Europe and in America. The SP 500 and Dow Jones rallied 2.15% and 2.17% respectively. If the pullback in the former is done for now, it falls short of the more aggressive decline seen in February below.

SP 500 Daily Chart, Comparing 2018 Major Pullbacks

Dow Jones Price Gain to Fuel AUD/USD Reversal to Chart Trend Line?

The upbeat mood picked up pace during Wall Street trade as Goldman Sachs and Morgan Stanley, along with other US companies such

Article source: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2018/10/16/Dow-Jones-Price-Gain-to-Fuel-AUDUSD-Reversal-to-Chart-Trend-Line.html