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Market Update – November 18 – Tough talks to rescue Dollar?


  • USDIndex Peak to 107.20 But it Lost altitude in the closing, now at 106.40. The hawkish outlook from the Fed’s Bullard weighed on bonds and stocks, though the markets managed to pare losses late in the day.  Bullard stressed the importance of raising the funds rate and putting it in restrictive territory. He suggested a worst-case scenario of 7%. Yields – 10-year climbed to 3.80% before dipping to 3.767%.
  • Stocks –choppier but was generally underwater due to the Fed outlook, recession fears, and ongoing geopolitical risks. The losses were cut, however. US100 The price of the property has fallen to -0.35% US500 The US30 is a fractionally lower at -0.31%.

  • EUR – choppy at 1.038It is difficult to break the 200-day SMA.
  • JPY – holding below 140.
  • GBP – It holds the following: 1.1900, The UK’s retail sales saw a rebound in October. However, sales have fallen more than 6% over the year for both measures. These data show the negative impact inflation and erosion in real disposable income are having overall on activity. Already, GDP contracted in the third quarter and it is expected to contract further in the fourth quarter. Although Hunt attempted to make his budget sound balanced and reasonable, there is a growing tax burden as well as rising mortgage costs.

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