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  • RT @dlacalle_IA: Another sign of the “follow the central banks and pray” mentality: From the Morgan Stanley November "On The Markets": "pa…
  • Fed Funds Futures are pricing a 6.7% probability for a rate cut at next month's FOMC meeting, down from 57.7% on October 3rd https://t.co/IAMuTyqKei
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.02% 🇨🇭CHF: 0.02% 🇨🇦CAD: -0.03% 🇦🇺AUD: -0.14% 🇪🇺EUR: -0.22% 🇳🇿NZD: -0.50% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/pWgvKwvMnv
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  • Key Event risk for tomorrow includes the RBNZ rate decision, UK and US CPI data, Japan GDP (Q3) reading, and Chair Powell will also speak at the Joint Economic Committee of Congress https://t.co/Kb9u6H3rkl
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  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.57%, while traders in France 40 are at opposite extremes with 86.25%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/kmHZBN3bvB
  • The 2s10s Yield Curve (spread between the 2Yr and 10Yr Treasury Yield) continues to steepen after inverting in August for the first time since 2005 https://t.co/0fTEuSAyRO
  • US Equity Index Update (Tuesday Close): $DJI +0.00% $SPX +0.16% $NDX +0.27% $RTY +0.09% $VIX -0.08%
  • Indices Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.01% US 500: 0.01% Germany 30: -0.13% France 40: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/kiOU1azgBo
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The third quarter is now in the books, and the revival of market volatility and uncertainty around key thematic influences carries over into the fourth quarter of 2018. With fundamental issues around US-led trade wars, Brexit, the Italian government, Turkey, emerging market contagion, among others lingering, the final three months of the year should produce opportunities across asset classes.

See all of the DailyFX Trading Guides from the Quarterly Forecasts to the Top Trading Opportunities, How to Trade Event Risk, Building Confidence in Trading and so much more.

Fourth Quarter Forecasts for Dollar, Euro, Oil, Equities, and More

Dollar Feels Pressure of Its Trade Wars, Politics, Fed

The US Dollar has proven resilient in the months since US President Trump declared that “trade wars are good, and easy to win.” It is possible investors ignore this enormous burden until it starts to have its tangible impact on the economy – but speculative markets rarely wait.

Euro Stabilization in Q3 May Offer Base for a Rally in Q4

Insofar as we held a neutral outlook for the Euro in the past quarter, we are slightly more optimistic on the Euro’s potential for the final three months. Trading conditions are expected to remain choppy, but directionally, Euro rates should be biased to the topside.

Pound Traders Will Find Brexit Remains the Driver

As we enter the fourth quarter of 2018, the British Pound is picking itself up from its lows comparable to those plunged in summer 2017, and starting to re-coup some of this year’s losses. The overarching driver behind Sterling in the past few months – Brexit – is very likely to remain through the end of the year.

Yen Still Lacks Interest Rate Support, Haven Bids Will Endure

The Japanese Yen remained under clear pressure against the US Dollar through the third quarter, with USD/JPY hitting highs not seen since mid-January. However, while interest-rate differentials between the two clearly present the Yen at clear disadvantage, there will be much more to its trading as 2018 bows out.

Gold Selloff Likely to Continue as Fed Proceeds with Rate Hikes

Faith in the Federal Reserve’s commitment to raising rates has thus continued to weigh down gold prices. Barring an economic collapse that forces the Fed to reverse course, gold is likely to continue its downward trend throughout the fourth quarter.

Global Oil Demand in Question as OPEC Output Falters and US Shale Booms

The outlook for global growth has been called into question in recent months as emerging markets bow under external pressures and developed economies engage in trade wars. The outlook for crude demand is concerning – and thereby so too is the commodity’s price.

Global Stocks’ Strength Masks Vulnerabilities

Global share prices accelerated upward in the third quarter, building on the rebound started in the preceding three months. One might conclude perseverance against such odds speaks to hearty underlying strength, making continuation likely. Still, critical vulnerabilities are much too glaring to ignore; the global economy has decelerated in 2018.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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