An Announced De-Escalation Is Not Yet a Credible Reduction in Disruption Risks
What’s happening: Oil reversed sharply higher on Monday as early optimism over a...
The Australian Dollar remains directionless as RBA hike-timing bets stay split across November, December and February, leaving AUD/NZD, AUD/CAD and GBP/AUD range-bound while AUD/USD tracks the Dollar and EUR/AUD tracks Euro weakness—with October 28's quarterly CPI, not this week's minutes or jobs data, likely the real catalyst.
Gold and Silver have rebounded on a retreat in US Treasury yields, with Gold breaking its falling trendline and Silver bouncing off channel support—but neither has confirmed a bottom, making Wednesday's US CPI report the critical catalyst for whether yields extend their correction or snap back toward recent highs.
TL;DR: The Dollar rally has lost momentum rather than direction. DXY stalled at 102.232 as Fed urgency faded, long-end Treasury yields met buyer demand...