FX Weekly Insights 13/11/22

Written By Luke Wellings

This week’s essential data highlights:

  • Fedspeak-the Fed faces a tough task deciding when to stop raising rates so looking for any signs from members

  • RBA Monetary Policy Minutes

  • G20 Meeting in Bali

Key Story: Republicans falter in Midterm Elections (by Luke Wellings)

US midterm results indicate the likelihood of gridlock in Washington, which will reduce Biden's legislative onslaught and restore fiscal constraint, but there remains a strong risk over partisan fights over the debt ceiling and risk dangerous inaction if the American economy crashes before 2024.

Key Chart: GBP/USD Daily (by Patrick Reid)

Support-1.1526

Resistance-1.1847 (caused a pause on Friday)

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Luke Wellings
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FX Weekly Insights 21/11/22
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FX Weekly Insights 23/10/22