The US Dollar put in another probe of resistance around this morning’s CPI release, but buyers couldn’t hold the bid and the USD is now putting in a pullback.
The pullback in U.S. Treasury yields has neutralized USD/MXN’s bullish momentum, but price remains biased to the upside from a technical perspective following the development of a golden cross.
Stocks ripped higher today and this was a very encouraging move for bulls, but they had some help from bonds and tomorrow brings retail sales – can bulls hold the bid?
BOE rate hikes may have risen, but the Sterling is still struggling against the major commodity currencies.
The Norwegian Krone has gained ground since Norges Bank was the first G-10 central bank to raise rates last month. Can the Krone continue to strengthen?
The RBNZ has already hiked rates, while the BOC is turning more hawkish. Meanwhile, the RBA remains on hold.
The price of gold may continue to retrace the decline from the September high ($1834) as long as longer dated US Treasury yields remain under pressure.
Find out more about Bank of America and Morgan Stanley Q3 earnings
The recent USD weakness helped USD/ZAR trade lower, however, technicals point to a resumption of the larger bullish theme
Aggressive BoE rate hike bets heighten the importance of BoE commentary
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