4 Global Market Updates- 18 October, 2022

 

In this article, we have covered the highlights of global market news about the EUR/USD, USD/JPY, AUD/USD and GBP/USD.

EUR/USD: Rebound encounters resistance at 0.9870

The euro is now seeing some selling pressure, which drives the EUR/USD pair down from its recent daily highs above 0.9870.

In light of the ambiguous price action around the dollar and a persistent thirst for riskier assets, EUR/USD seeks to build on a promising start to the week.

Meanwhile, price movement around the spot is followed by an increase in German 10-year bund yields, always within the context of the larger stabilization above the 2.30% barrier.

On the domestic calendar, the ZEW institute’s monthly survey of economic sentiment in Germany and wider Euroland will be the main topic of discussion. Along with the speech by N. Kashkari of the FOMC, the NAHB index and Industrial Production are expected in the UK.

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