Next week the RBNZ decides to hike by 50 or 75 bps where forward guidance remains key. Stubborn inflation and a worsening global outlook complicates the decision
US equity markets have rallied sharply, underpinned by falling short-end US Treasury yields and a drop in volatility. Can it continue?
The economic calendar remains busy in the days ahead with a bevy of Federal Reserve speakers as well as the October US inflation report (consumer price index).
Intervention efforts may have weighed on USD/JPY rates, but the Japanese Yen was broadly weaker over during the final week of October.
After a quiet economic calendar last week, the coming days will see several important US data releases.
The Japanese Yen exploded higher as local officials appeared to intervene after the currency touched a 32-year low. An upcoming Bank of Japan policy meeting is now in focus.
Eurozone price pressures are continuing to rise, complicating the ECB’s efforts.
No data release matters more this week – and perhaps this month – than the September US consumer price index on Thursday.
Is the US Dollar correction over? The stage is set and its decision time for the bulls in the days ahead. The levels that matter on the DXY weekly technical chart.
Gold remains a US interest rate play for now with rising US Treasury yields sending the precious metal lower after a robust US Jobs Report.