<p style=““ class=“text-align-justify“>The <a target=“_blank“ href=“https://www.forexlive.com/centralbank/fomc-meeting-minutes-from-the-november-2022-fed-meeting-20221123/“ target=“_blank“>Fed minutes yesterday</a> outlined more of the same from the FOMC meeting statement roughly three weeks ago, that is the central bank is starting to look to consider a slower pace of rate hikes moving forward. That is enough to keep broader market sentiment more upbeat yesterday and weighed on the dollar as well.</p><p style=““ class=“text-align-justify“>The mood is carrying over to today with bonds staying more bid so far in Europe. Trading in Treasuries may be closed but looking to regional bonds, we can see 10-year German bund yields being down by over 9 bps currently to its lowest levels in seven weeks:</p><p style=““ class=“text-align-justify“>In turn, that is continuing to weigh on the mood in USD/JPY as the pair falls to fresh lows on the day of 138.10. The pressure continues to stay on the dollar as such, with the greenback now holding slightly lower across the board as well. But USD/JPY is the big mover so far today, down over 1% at the moment as sellers look to try and test the support levels outlined <a target=“_blank“ href=“https://www.forexlive.com/news/usdjpy-holds-lower-in-thin-trading-so-far-today-20221124/“ target=“_blank“>here</a>.</p>

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

<p style=““ class=“text-align-justify“>The Bundesbank does say that the gas price break may at least help to knock 1% off inflation but only while it lasts, noting that „as soon as the gas and electricity price brakes expire, the effect on inflation will reverse“. Meanwhile, the central bank also reaffirmed its outlook for a recession in Q4 this year and Q1 next year.</p>

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

<p style=““ class=“text-align-justify“>That’s a step up though from the supposed previously discussed price cap of around $40 and $60 per barrel but still, the news is dampening sentiment in the oil market. WTI crude is down from $81.30 to near $80 currently, down over 1% on the day now.</p>

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

<p style=““ class=“text-align-justify“>However, there is still some ways to go before we reach the issuance point with the report suggesting that the BOJ intends to decide on whether to issue a digital currency only in 2026 – after conducting verifications for two years. On the trial, the central bank is to cooperate with private sector banks and others starting from spring next year to verify whether there are any issues with bank account deposits and withdrawals.</p>

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

<p style=““ class=“text-align-justify“>European indices are slightly higher, with the gains carrying over from the optimism in Wall Street yesterday. US futures are more tentative, with S&P 500 futures seen up just 6 points, or 0.15%, currently. For equities, overall sentiment remains more or less the same as last week with the S&P 500 index itself still caught in between its 100 and 200-day moving averages:</p><p style=““ class=“text-align-justify“>Meanwhile, 10-year Treasury yields are flat today around 3.76% with there being little appetite to go running before the Fed minutes later today.</p><p style=““ class=“text-align-justify“>In the major currencies space, the dollar is still mostly little changed with EUR/USD trading back down to 1.0305-10 at the moment. The pair is gyrating towards large option expiries with the key near-term levels pointed out <a target=“_blank“ href=“https://www.forexlive.com/news/dollar-still-stuck-at-the-checkpoint-20221123/“ target=“_blank“>here</a> still holding as well. USD/JPY is up 0.2% to 141.50 but GBP/USD is up 0.2% to 1.1905, though the changes don’t mean too much.</p><p style=““ class=“text-align-justify“>Overall, all of this points to a more tentative mood in markets as we await some economic releases in the US later. If that fails to liven things up, there might not be much else to work with amid the Thanksgiving holiday before the weekend.</p>

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

<p class=“MsoNormal“>The fintech world is getting ready for the next <a target=“_blank“ href=“https://dubai2023.ifxexpo.com/“>iFX EXPO Dubai</a> edition that will take place 16-18 January 2023 at Dubai World Trade Centre. With booths and sponsorships booked in a record time, this show is expected to be the largest iFX EXPO event ever held in the MENA region. </p><p class=“MsoNormal“>iFX EXPO Dubai 2023 will host 40% more exhibitors than the previous Dubai edition and will welcome around 3500 attendees from all over the world.</p><p class=“MsoNormal“>During more than 10 years of its illustrious history, iFX EXPO has brought together more than 2000 exhibitors and over 50 000 attendees from across the globe. The show has gained remarkable traction as an indisputable event benchmark for business networking and collaboration, distinguishing itself as a must-attend expo for industry players seeking growth opportunities in the financial and fintech space and willing to keep abreast of the most ambitious developments spearheading the future of fintech.</p><p>What to expect</p><p class=“MsoNormal text-align-start“>The industry has shown an unprecedented interest in the show, having started to book sponsorship and booth slots long in advance. Exness tops the list of proud exhibitors and sponsors as the Official Global Partner, followed by industry giants such as ZuluTrade, MultiBank Group, B2Broker, ADSS, OneZero, and many others. The full list of iFX EXPO Dubai 2023 exhibitors and sponsors can be viewed on the <a target=“_blank“ href=“https://dubai2023.ifxexpo.com/meet/#sponsors“ target=“_blank“>official website</a>.</p><p class=“MsoNormal“>During 2+ days of the expo, the industry professionals will meet with clients and colleagues from 120+ leading brands, discover new business opportunities, engage in insightful content from 100+ industry experts and discuss business in a casual setting at the iFX EXPO legendary parties. </p><p class=“MsoNormal“>iFX EXPO is the ultimate destination for the fintech industry and a perfect platform for global business collaboration that brings together industry leaders from all over the financial and fintech space:</p><p class=“MsoNormal“>· Technology & Service Providers</p><p class=“MsoNormal“>· Digital Assets & Blockchain</p><p class=“MsoNormal“>· Retail & Institutional Brokers</p><p class=“MsoNormal“>· Payments, Banks & Liquidity Providers</p><p class=“MsoNormal“>· Affiliates & IBs</p><p class=“MsoNormal“>· Regulation & Compliance</p><p>What past exhibitors had to say about iFX EXPO</p><p class=“MsoNormal text-align-start“>“It’s an incredible opportunity to meet amazing professionals from the industry, as well as engage in business with companies that are truly looking for solutions.”</p><p class=“MsoNormal“>Harel Falk – VP Sales & Business Development, Solitics</p><p class=“MsoNormal text-align-start“>“The show provides an invaluable opportunity for us to meet potential and existingclients, get newbusiness opportunities, learn about new products and trends, meet business partners, and showcase all our latest products.”</p><p class=“MsoNormal“>Arthur Azizov, CEO of B2Broker</p><p class=“MsoNormal“>“For us, one of the best things about events like iFX EXPO is the chance to get up close and personal with industry professionals and gain new and meaningful face-to-face connections with new and existing clients from around the world.”Exclusive Capital</p><p>Register Now to secure your Early Bird Pass</p><p class=“MsoNormal text-align-start“>Take advantage of the Limited Time Offer and get your Early Bird Pass for iFX EXPO Dubai 2023. <a target=“_blank“ href=“https://dubai2023.ifxexpo.com/register/?utm_source=newsletter&utm_medium=email&utm_campaign=dubai23″ target=“_blank“>Register now</a> to get access to 2+ days of unlimited networking, admission to Speaker Hall and Idea Hub, access toSponsored Food & Beverages and Business Lounge Areas, as well as to exclusive networking parties.</p><p class=“MsoNormal text-align-start“>Don’t miss out, join the event that sets trends and shapes the future of the fintech industry!</p>

This article was written by ForexLive at forexlive.com.

<p style=““ class=“text-align-justify“>The dollar is struggling across the board today but this looks to be more of a breather to the recovery that started since the latter stages of last week. The mood in the greenback is rather sluggish amid a lack of key drivers, with bond yields also slightly lower today. If you look back to my post yesterday <a target=“_blank“ href=“https://www.forexlive.com/news/the-tide-is-turning-back-in-favour-of-the-dollar-again-20221121/“ target=“_blank“>here</a>, the levels for the dollar are slightly lower but the key technical developments are still holding.</p><p style=““ class=“text-align-justify“>Let’s take stock of the situation for some of the dollar pairs currently.</p><p style=““ class=“text-align-justify“>EUR/USD is up 0.3% to 1.0270 but keeping with the rejection of the 200-day moving average and staying below both its 100 (red line) and 200-hour (blue line) moving averages. That keeps sellers in near-term control unless buyers can look for a push back above the key levels above, now sitting at 1.0304 and 1.0328 respectively.</p><p style=““ class=“text-align-justify“>USD/JPY is down 0.6% to 141.20 but having just broke away from its recent consolidation phase in a push above its 100-day moving average, now seen at 141.06. That also saw buyers seize back near-term control amid a push back above the 200-hour moving average (blue line) and we are seeing the near-term bias stay more bullish for now.</p><p style=““ class=“text-align-justify“>The confluence of the key hourly moving averages at 140.45-55 is still keeping buyers interested and poised for a recovery push.</p><p style=““ class=“text-align-justify“>Likewise, AUD/USD is also keeping a retreat back below its own 100-day moving average, now seen at 0.6689. The near-term bias is also more bearish now amid a push back below both the 100 (red line) and 200-hour (blue line) moving averages and price is staying below that even though the pair is up 0.6% to 0.6640 levels.</p><p style=““ class=“text-align-justify“>The confluence at 0.6671-76 will continue to keep dollar bulls interested after the recovery in recent sessions.</p>

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

<p style=““ class=“text-align-justify“><a target=“_blank“ href=“https://www.forexlive.com/centralbank/ecbs-holzmann-endorses-another-75-bps-rate-hike-in-december-20221122/“ target=“_blank“>Conflicting communique</a> from ECB policymakers will keep things in limbo for now but we should get a better idea of things in the weeks to come, also after the next set of inflation numbers at the end of the month. If anything else, we should get the usual „leaks“ before the next policy meeting in December.</p>

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

<p style=““ class=“text-align-justify“>After a retreat in the risk optimism since the latter stages of last week, we’re seeing a pause today with broader market sentiment slightly on the better side in European trading. Regional indices are up between 0.5% to 0.9% mostly with S&P 500 futures also seen up 9 points, or 0.2%, currently.</p><p style=““ class=“text-align-justify“>Elsewhere, 10-year Treasury yields are down 3 bps to 3.796% and the overall mood is pinning the dollar slightly lower so far on the session. I’ll post some charts up in a bit but the light retreat today in the dollar so far doesn’t really take away the progress made yesterday as outlined <a target=“_blank“ href=“https://www.forexlive.com/news/the-tide-is-turning-back-in-favour-of-the-dollar-again-20221121/“ target=“_blank“>here</a> at the time. Here is a quick snapshot in the meantime:</p>

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

<ul><li>Central scenario is not for a global recession</li><li>But a significant growth slowdown in 2023, as well as still high but declining, inflation</li><li>Europe to be hit the hardest amid the worst energy crisis since the 1970s</li><li>Further tightening of monetary policy is essential to fight inflation</li><li>Sees global growth of 3.1% in 2022, 2.2% in 2023, 2.7% in 2024</li><li>Sees US growth of 1.8% in 2022, 0.5% in 2023, 1.0% in 2024</li><li>Sees Eurozone growth of 3.3% in 2022, 0.5% in 2023, 1.4% in 2024</li><li>Sees UK growth of 4.4% in 2022, -0.4% in 2023, 0.2% in 2024</li><li>Sees Japan growth of 1.6% in 2022, 1.8% in 2023, 0.9% in 2024</li><li>Sees China growth of 3.3% in 2022, 4.6% in 2023, 4.1% in 2024</li></ul><p style=““ class=“text-align-justify“>Considering the fallout from the Russia-Ukraine war and surging price pressures across the globe, the outlook presented isn’t so much so a surprise. I would argue the only real thing to watch will be whether or not we will see a significant decline in inflation as is currently being pointed out by almost all quarters of the market. If that doesn’t come to fruition, pretty much everything else gets thrown out the window.</p>

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