Nasdaq 100 Headwinds Could be Structural with Unfavourable Yield Curve Moves

The Nasdaq 100 slipped overnight after solid retail sales data that saw long-end Treasury yields move lower again to invert the curve. What is that saying about NDX?

from DailyFX – Market News https://bit.ly/3UIGngd
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Australian Dollar Looks Past Jobs Report as Doji Emerges, Will AUD/USD Reverse?

AUD/USD looked past a solid October Australian jobs report. Sentiment remains a key driver for the Australian Dollar after a Doji candlestick showed signs of indecision.

from DailyFX – Market News https://bit.ly/3gcq7VD
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Dax, FTSE Step Back After UK Inflation Hits Highest Level Since 1981

Dax & FTSE have been trading higher as US inflation data makes a softer than expected landing. But, with UK inflation rising to 11.1% (YoY), equities have taken a step back.

from DailyFX – Market News https://bit.ly/3tyrTmS
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Canadian Dollar Price Action Setups: USD/CAD, CAD/JPY, EUR/CAD

CAD/JPY broke down and EUR/CAD broke out, but USD/CAD sits on a key spot of support taken from prior resistance that bears have not been able to break through.

from DailyFX – Market News https://bit.ly/3g8mno2
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