Relative stability in EUR/USD has masked weakness in the Euro against most other major currencies, and that weakness can be expected to persist in the week ahead and likely for longer.

US Dollar losing its appear demand picks up for major counterparts. Risk of larger setback as risk appetite stabilises.

Gold prices moved higher last week, but an upbeat US retail sales report underpinned Treasury yields on Friday, which weighed on bullion. Chinese Q3 GDP is in focus for XAU traders.

Bitcoin broke above $60k earlier in the session to a fresh multi-month high on the renewed expectation that the SEC will approve a futures-based Bitcoin ETF very soon.

The update to the UK Consumer Price Index (CPI) may undermine the recent rally in GBP/USD as the report is anticipated to show a slowdown in the core rate of inflation.

The Australian Dollar is seemingly back on the offensive as lockdowns ease in Sydney and Melbourne. Improving sentiment may allow AUD/USD to capitalize on rising equities and commodity prices.

The fourth quarter of 2021 will likely see the Bank of England start talking about interest rate hikes as early as the beginning of next year, boosting the attraction of Sterling.

Throughout the third quarter, there had been somewhat of a reversal in the reflation trade as concerns over the peak in the global growth lingered, alongside the continued spread of the Delta variant.

Wall Street recovered this past week as the Dow Jones outpaced the Nasdaq 100. The Canadian Dollar soared alongside crude oil prices. Bitcoin may see volatility as the White House revealed a push f…

The ECB, and by extension the Euro, faces the unenviable combination in Q4 of weakening economic growth and above-target inflation.