<p>The implied odds of a 100 bps Fed hike are sitting at 25% today after dipping to 21% yesterday on softer core retail sales.</p><p>The main item on the agenda today is the UMich consumer sentiment survey at 10 am ET. The prior reading was 55.1 and the consensus is 60.0 as sentiment often tracks gasoline prices.</p><p>The market will also be closely watching 1-year and 3-5 year inflation expectations. They’ve dipped lately and a continuation lower would give the Fed some minor comfort.</p>

This article was written by Adam Button at forexlive.com.

<p>The always awesome US Market Open roundup via Newsquawk</p><p><a target=“_blank“ href=“https://newsquawk.com/daily/article/?id=2640-us-market-open-eurobourses-see-the-deepest-losses-whilst-the-ftse-100-is-cushioned-by-the-slide-in-the-pound&utm_source=newsquawk&utm_medium=email&utm_campaign=newsletter&utm_content=us-open“ target=“_blank“ rel=“nofollow“>Full Note – incl Podcast</a></p><ul><li>Euro-bourses see the deepest losses whilst the FTSE 100 is cushioned by the slide in the Pound</li></ul><ul><li>GBP extended losses in wake of significantly weaker than forecast ONS retail sales data, with Cable sliding to the lowest level since 1985</li></ul><ul><li>10yr T-note is almost flat ahead of preliminary Michigan sentiment which will be watched closely for inflation expectations</li></ul><ul><li>China will impose sanctions on CEO of Raytheon Technologies (RTX) and CEO of Boeing (BA) Defense, Space & Security</li></ul><ul><li>Looking ahead, highlights include US University of Michigan Prelim., Quad Witching</li></ul>

This article was written by Ryan Paisey at forexlive.com.

<p>Euro Zone Inflation Confirmed At 9.1% As Energy, Food Prices Surge</p><p>Eurozone CPI for August Final Readings:MoM</p><p>Act: 0.7%Prev: 0.2%Fcst: 0.6% </p><p>YoY</p><p>Act: 5.5%Prev: 5.1%Fcst: 5.5% </p><p>To stress, these are the final readings of the August data, so the market impact is negligible </p>

This article was written by Ryan Paisey at forexlive.com.

<p>Press outlet, Kyodo, is reporting that Japan is to use 3.5 trln yen in reserve funds for economic measures </p><p>- This comes after comments yesterday, from a senior Japanese ruling party official, suggesting a stimulus package of more than 30 trillion yen ($208.97 billion) is needed to address inflationary pressures in Japan’s economy – <a target=“_blank“ href=“https://www.reuters.com/markets/asia/japan-ruling-party-exec-urges-209-bln-stimulus-combat-inflation-weak-yen-sankei-2022-09-15/“ target=“_blank“ rel=“nofollow“>Full Story</a></p>

This article was written by Ryan Paisey at forexlive.com.

<p>Market picture</p><p class=“MsoNormal“>Bitcoin has lost 1.6% over
the last 24 hours to $19,777 amid renewed pressure on risk-sensitive assets.
BTC remains just under the critical $20K round level, where it got support for
the past three months.</p><p class=“MsoNormal“>Ethereum
lost the speculative support it received before the move to PoS. Over the last
day, Ether lost 8.6%, more than three times more than the 2.6% reduction in
overall crypto capitalisation. </p><p class=“MsoNormal“>Weakness of
this kind is an almost inevitable consequence of a previous period of
overperformance, much of the gains of which have yet to be erased. Trading at
$1500, Ether is now almost 50% above the area of the June-July lows, while
Bitcoin has rolled back to its lows of that period.</p><p>News background</p><p class=“MsoNormal“>Tether and
Bitfinex technical director Paolo Ardoino said the move to PoS will not help
the second cryptocurrency catch up to Bitcoin. The Merge will not lower
transaction fees or make ETH more decentralised, nor will it increase network
capacity. Ethereum cannot compete with BTC as a form of money because it has no
maximum issue limit.</p><p class=“MsoNormal“>According to
Santiment, more than 45% of Ethereum nodes launched after The Merge update are
managed by just two addresses, raising concerns crypto community concerns about
centralisation.</p><p class=“MsoNormal“>According to
Chainalysis, developing countries are leading the world in cryptocurrency
adoption. Vietnam and the Philippines lead the rankings due to the popularity
of cryptocurrency and NFT gaming projects. Of the developed countries, only the
US and China are in the top 10, ranking fifth and 10th, respectively.</p><p class=“MsoNormal“>This article was written by <a target=“_blank“ href=“https://www.fxpro.com/“ target=“_blank“>FxPro</a>’s Senior Market Analyst Alex
Kuptsikevich.</p>

This article was written by FxPro FXPro at forexlive.com.