ECB board members have been out on the wires confirming that the central bank will continue to target inflation with higher rates for longer, and that’s giving the single currency a strong underlying bid.

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Brent crude cautiously awaits US midterm results as it trades lower after Chinese reopening concerns.

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Euro, EUR/USD, US Dollar, Mid-term, Crude Oil, Gold, RBNZ, Orr – Talking Points

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Last week ended on a full-blown tumble from the US Dollar, but that unexpected plunge didn’t readily carry over to the new trading week. Systemic uncertainties remain but catalysts to move the markets along are thin in the first half of this week. Will the extreme low in expected volatility reading reign for the time being?

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Copper prices are slightly lower in Asia-Pacific trading, but last week’s triangle breakout may resume as speculators trim short bets. China poses the biggest question mark for the red metal.

from DailyFX – Market News https://bit.ly/3NOvw1j
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