UK must protect against Russian \hybrid attacks\, ex-national security adviser says
Lord Ricketts says more should be spent on improving the resilience of energy, transport, air traffic control and defence sites.
Lord Ricketts says more should be spent on improving the resilience of energy, transport, air traffic control and defence sites.

The strong rally in the oil markets provided support to the American currency.
Investors expect the Fed to pause rate hikes in October, but Kevin Warsh's rejection of traditional communications practices and continued concern about inflation leave the decision uncertain.

Global markets attempt to recover from an AI-driven technology sell-off as persistent inflation, resilient U.S. production and shifting bond yields create conflicting signals.

US dollar price forecast: DXY tests 101.80 after Warsh avoids an October preview, while EUR/USD eyes 1.1277 and GBP/USD tests 1.3322 resistance.

Global stocks retreat as hot U.S. inflation fuels uncertainty, while defensive bond buying weakens yields and Australias jobs shock pressures the Aussie dollar.

The sell-off in the AI sector pushed Treasury yields lower and put pressure on the American currency.
September producer prices were expected to increase 0.6% month-over-month and 5.5% annually, according to the consensus estimate by Dow Jones.
Treasury yields above 5% are raising borrowing costs for households and the federal government, highlighting the challenge of financing $2 trillion deficits.

DXY rebounds from 101.93 as Treasury yields retreat despite hot U.S. CPI, while EUR/USD targets 1.1237 and GBP/USD tests 1.3281 resistance.

Well, today‘s markets certainly aren’t following yesterdays script.

Hot U.S. inflation drives Treasury yields and the dollar higher while pressuring stocks and European currencies, with oil risks adding uncertainty.

The American currency tested yearly highs as traders focused on higher-than-expected inflation data.
The consumer price index was expected to increase 0.6% in September on a monthly basis and 3.6% from a year ago, according to the Dow Jones consensus forecast.

Goldman beat estimates; JPMorgan and Wells Fargo stumbled. September US CPI could test crowded USD positioning and the Feds hawkish repricing.

DXY slips below its rising trendline ahead of U.S. CPI, while EUR/USD eyes a breakout above 1.1233 and GBP/USD targets 1.3284 amid Fed and BoE policy uncertainty.
The Philippine central bank is running policy scenarios for a severe El Niño on top of the oil shock, with inflation at a three-year high.

Energy has offered a little bit of relief in the early part of the session, but we have seen it turn around during New York trading.

The American currency pulled back as traders took some profits off the table near yearly highs.

The divergence between gold and the dollar is real, and its the same one that preceded the September slide.