US Major Stock indices ($DJIA, S&P500, Nasdaq100) are edging slightly higher due to solid third quarter earnings performance among companies in the Utilities & Healthcare Sectors.
$DJIA is currently up +132.82 points to $35,590 and is leading the way in risk trends for today. Financial markets are still factoring in issues that are arising from global supply chain bottlenecks and inflation pressures, while also focusing on the strong US earnings data coming out following the pandemic.
In the forex market, NZD & AUD, which are high-beta risk sensitive currencies, are the strongest currencies for the day on the back of mild risk appetite in equity markets. The USD & EUR are the weakest currencies at the time of this writing.
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Marvin Perry has been an active trader within the Forex market since 2010. He attended the University of Illinois in Urbana/Champaign, and graduated in 2002 with a double major in Cell and Structural Biology and Chemistry. He currently serves as an FX instructor & Quantitative Analyst for the Forex Anatomy Private Trading Community called "The Lab", where he conducts live weekly trading webinars & instruction on Fundamental Analysis & Inter-Market Interpretations of dynamic asset classes and their influence on currencies.