U.S. Stocks Rise on Congress Deal, Oil Retreats: Markets Wrap (news: 01/05/17)

    Today's press

    • U.S. stocks resumed pursuit of all-time highs, while the yen slipped as a deal by Congress to avert a government shutdown offset weaker economic data from China.

    • The intervention of the Central Bank of Nigeria (CBN) in the foreign exchange market will this week rise to $4.6 billion, with foreign exchange (forex) operators apprehensive over the new forex window for investors and exporters.

    • The US Congress has reached a deal to keep the government running until September. The initial agreement was only for one week, but politicians took the window seriously and reached a deal for a few more months.

    • Bitcoin is at another fresh all-time high. Early buying ran the cryptocurrencyabove the $1,400 mark for the first time ever, but it has since pared those gains. As of 7:17 a.m. ETittrades up 4.1%, or $54.55, at $1,370 a coin.

    Next trading day's important events

    • 02:50 (GMT+3) BoJ monetary policy meeting minutes
    • 07:30 (GMT+3) RBA interest rate decision
    • 12:30 (GMT+3) Australia budget release

    Forex quotes:

    • USDJPY: 111.53
    • EURUSD: 1.0912


    • S&P 500: 2386.82
    • NASDAQ: 6069.67

    Source: Alpari

    Leave a Reply