4 Global Market Updates- 10 November, 2022

In this article, we have covered the highlights of global market news about the EURUSD, GBPUSD, USDCAD and USDCHF.

EURUSD will fall to 1.01-1.02 on lower Core CPI – TDS

Today’s report on US inflation is scheduled. A worse core reading month over month will worsen positioning, which has lately seen a fast reduction in US Dollar longs, and support risk. According to TD Securities experts, this might result in critical levels for the EURUSD and USDJPY being tested.

“Despite our projection of a slowdown relative to September, we are anticipating core prices to have remained robust on an MoM basis. We expect the core CPI series to increase by a respectable 0.4% MoM. Regarding the headline, we anticipate inflation to rise by 0.6%, which would be its highest MoM increase in the last four months. According to our MoM predictions, headline and core CPI inflation likely slowed in October on a year-over-year basis.

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