<ul><li>S&P 500 futures +0.4%</li><li>Nasdaq futures +0.5%</li><li>Dow futures +0.4%</li><li>Eurostoxx +1.1%</li><li>Germany DAX +1.1%</li><li>France CAC 40 +1.0%</li><li>UK FTSE +0.6%</li></ul><p style=““ class=“text-align-justify“>Equities are finding a modest uptick now in European trading, with regional indices pushing gains towards 1% while US futures are also seen rising to the highs for the day with S&P 500 futures being up 17 points, or 0.4%, currently.</p><p style=““ class=“text-align-justify“>There’s not much in terms of a catalyst for the move but it is providing some appetite for the dollar to soften slightly. Perhaps this is one that is <a target=“_blank“ href=“https://www.forexlive.com/news/a-crucial-moment-for-equities-in-the-final-stretch-of-the-week-20221118/“ target=“_blank“>more technical-related</a>?</p><p style=““ class=“text-align-justify“>In any case, just be wary that bond yields are also moving higher at the same time. Typically these days, yields tend to move lower in corroborating with a more positive look for broader market sentiment. 10-year Treasury yields are up 4.3 bps to 3.815% so that might be something to keep the optimism in check.</p>

This article was written by Justin Low at forexlive.com.

<p style=““ class=“text-align-justify“>The pound was unimpressed by the Autumn Statement yesterday but Hunt delivered as expected, so there wasn’t much to get excited nor upset about considering it was very much the opposite of the ‚mini-budget‘ in September. Instead, dollar sentiment continues to be the key driver in GBP/USD and we’re still in the midst of sorting that out for the moment.</p><p style=““ class=“text-align-justify“>The pair is holding higher today, erasing the drop from yesterday but it hardly means much with the notable resistance point at 1.2000 still holding since the earlier half of the week. Unless buyers have appetite to break past that, only then can we start to talk about a push towards its 200-day moving average (blue line), seen at 1.2221 currently.</p><p style=““ class=“text-align-justify“>For now though, most of the look among dollar pairs are one in the same i.e. a bit of a stall in momentum earlier in the week before some consolidation and chop over the past few days. The same levels pointed out <a target=“_blank“ href=“https://www.forexlive.com/news/dollar-selloff-runs-into-a-checkpoint-20221117/“ target=“_blank“>here</a> are very much still in play.</p>

This article was written by Justin Low at forexlive.com.

<p style=““ class=“text-align-justify“>European equities may be slightly higher but the overall mood remains more pensive, with US futures not really hinting at much. S&P 500 futures are down 3 points, or 0.08%, currently as <a target=“_blank“ href=“https://www.forexlive.com/news/a-crucial-moment-for-equities-in-the-final-stretch-of-the-week-20221118/“ target=“_blank“>it is a crucial moment</a> for stocks in general ahead of the weekend.</p><p style=““ class=“text-align-justify“>Elsewhere, bonds are a touch lower with 10-year Treasury yields up 1.3 bps to 3.785% and the dollar is keeping more mixed on the session so far. EUR/USD is down 0.1% to 1.1350 levels and remains in a pondering state after the upside move stalled at the 200-day moving average this week:</p><p style=““ class=“text-align-justify“>Meanwhile, USD/JPY is flattish around 140.15 currently while GBP/USD is up a touch by 0.2% to 1.1890. Looking over to commodity currencies, AUD/USD is up 0.3% to 0.6700 and NZD/USD up 0.6% to 0.6165 but the slight nudge higher comes after sellers have already wrestled back some near-term momentum.</p><p style=““ class=“text-align-justify“>AUD/USD is still trading in between its 100 and 200-hour moving averages now and pivoting in and around its 100-day moving average at 0.6693:</p>

This article was written by Justin Low at forexlive.com.

<ul><li>Inflation is far too high</li><li>Recession is unlikely to bring down inflation significantly</li><li>Interest rates are, and will remain, main tool for adjusting our policy stance</li></ul><p style=““ class=“text-align-justify“>She is just reaffirming the ongoing narrative and it is more of the case that they will keep saying so for as long as they can get away with it. But the headline remark in itself is already a step down from the previous communique of ‚hiking rates over the next several meetings‘.</p>

This article was written by Justin Low at forexlive.com.