USDOLLAR at Key Resistance - Reaction to Provoke EUR/USD, AUD/USD
The USDOLLAR Index continues to edge higher from its mid-October lows, but hasn't yet cleared a necessary level to reengage USD longs elsewhere.
EUR/USD Risks Larger Rebound on Slowing U.S. Inflation (CPI)
Another downtick in the U.S. Consumer Price Index (CPI) may generate a larger rebound in EUR/USD as it dampens bets of seeing the Fed normalize policy sooner rather than later.
Pound at Risk on Status-Quo BOE Minutes, US Dollar May Rise on CPI
The British Pound may fall if minutes from October’s BOE meeting show the hawks unable to expand their ranks. The US Dollar may rise if inflation data tops forecasts.
Dollar Untroubled by Risk Swell, Rises As Peers Weaken
Investor sentiment – in the form of volatility readings and equity indexes – improved markedly this past session while rate forecasts for the Fed posted comparatively little progress
Crude Oil Recovers Ahead Of Inventories, Gold Awaits Cues From US CPI
The precious metals may be afforded some breathing room with an expected slide in upcoming US inflation data unlikely to bolster hawkish FOMC bets.