Market mood turns sour amid Brexit uncertainty on Wednesday. US Dollar Index stays relatively calm below 98.50. Coming up: September retail sales data from the United States (US). The USD/JPY pair advanced to its highest level since early August at 108.90 on Tuesday boosted by the upbeat market sentiment amid hopes of the European Union (EU) and the United Kingdom (UK) reaching a Brexit deal ahead of the October 31st deadline. Brexit headlines continue to impact the risk sentiment However, Wednesday’s headlines on Brexit revealed that there is a possibility that sides will not be able to finalize an agreement before the end of the day and caused investors to start moving towards safe-haven assets such as the JPY. As of writing, the pair was down 0.15% on the day at 108.67. In the second half of the day, the retail sales data from the United States (US), which is expected to show an increase of 0.3% on a monthly basis in September, will be looked upon for fresh impetus. More importantly, markets will remain focused on the developments surrounding Brexit talks and changes in the market mood. At the moment, the S&P 500 Futures is down 0.3% on the day, suggesting that Wall Street’s main indexes are likely to start the day in the negative territory. There won’t be any significant macroeconomic data releases from Japan in the remainder of the week. Technical levels to watch for FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK: Deal or no deal? – Danske Bank FX Street 4 years Market mood turns sour amid Brexit uncertainty on Wednesday. US Dollar Index stays relatively calm below 98.50. Coming up: September retail sales data from the United States (US). The USD/JPY pair advanced to its highest level since early August at 108.90 on Tuesday boosted by the upbeat market sentiment amid hopes of the European Union (EU) and the United Kingdom (UK) reaching a Brexit deal ahead of the October 31st deadline. Brexit headlines continue to impact the risk sentiment However, Wednesday's headlines on Brexit revealed that there is a possibility that sides will not be able to finalize… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
