(MENAFN- DailyFX (IG)) ​​​Macro update ​US stocks rise on renewed rate-cut expectations:

​Equities closed higher after ADP and ISM services data strengthened expectations of a December Federal Reserve (Fed) rate cut, with markets pricing an 89% probability of a 25bp move.

​Shutdown-driven data gaps muddy the outlook:

​The record 43-day US government shutdown has delayed major releases, forcing investors to lean more heavily on private-sector indicators ahead of the Fed's decision.

​Small caps extend outperformance:

​The Russell 2000 jumped nearly 2%, building on last week's 5.5% gain as investors positioned for easing and a stronger 2026 earnings backdrop.

​Nikkei climbs on robotics momentum:

​Japan's Nikkei 225 rose more than 1%, driven by double-digit gains in Fanuc, Yaskawa and Nabtesco after Fanuc announced a robotics partnership with Nvidia.

​Asian FX steadies as officials intervene:

​The US dollar's recent slide paused after signs of discomfort from Asian policymakers, with Chinese and Japanese authorities acting to slow currency moves and long-dated JGB yields easing from recent highs.

​DAX 40 remains bid

​The DAX 40 index still has the 24,000 region in its sights while the 200-day simple moving average (SMA) at 23,512 provides support, together with the 1 December low at 23,434.

DAX 40 daily candlestick chart Source: TradingView ​AUD/USD nears key resistance

​AUD/USD saw a swift reversal off its 21 November low at $0.6422 and is fast approaching its late September-to-October highs at $0.6617-to-$0.6629 which are expected to act at least as interim resistance.

​Potential slips may find support around the $0.6580 mid-November high.

AUD/USD daily candlestick chart Source: TradingView ​Copper rally has further to run

​The price of copper is still rallying with the $5.4590-to-$5.4685 mid-July lows being next in line. Another potential upside target is the 11 July trough at $5.4733.

​Minor support may be found around the 1 December high at $5.3625.

Copper daily candlestick chart Source: TradingView Important to know

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