USD/CAD may attempt to retrace the decline from the yearly high (1.3978) as it reverses ahead of the 50-Day SMA (1.3248).

The S&P 500 extends the Fed-induced sell-off on Thursday as traders bet that the central bank’s terminal rate will have to drift higher to slow inflation despite mounting recession risks.

Bitcoin prices have bounced back after a temporary retest of $20039. With rising US yields and a strong USD driving sentiment, how long can the range hold?

US Treasury yields are pushing higher as the Fed says rates need to go higher than previously expected.

The FOMC created turmoil for stocks after Fed Chair Jerome Powell announced that higher rates are likely to remain. As the US Dollar rips higher, Dax, Dow and FTSE fall.

October U.S. services sector PMI clocks in at 54.4 versus 55.5 expected, a big step down from the previous month reading of 56.7, a sign that economic activity continues to decelerate.

BoE delivers largest rate hike in 33 years. Sterling relatively unchanged as BoE says UK is already in a recession since Q3.

The perception that the US central bank is more willing and able to raise borrowing costs has only sharpened following Wednesday’s session.