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On Tuesday (Nov. 10) Eastern Time, the U.S. will release the October Consumer Price Index (CPI), a key inflation reading ahead of the Federal Reserve's December interest rate decision. Th
Bitcoin (BTC) remains under pressure on Monday, trading below the 50-week Simple Moving Average (SMA) at $75,222 after extending its losing streak to five consecutive weeks.
Three consensus calls went into last week. Two were wrong: the Philadelphia Semiconductor Index fell 12.15% and Micron dropped 17.46% after beating estimates, while the Dow lost only 0.94%. The scorecard says the mistake was not about AI demand but about how crowded the trade had become — and CoreWeave, Cisco and Applied Materials will grade it again this week.
DXY added 0.41% last week and EURUSD added 0.41% in the same five sessions, despite a 60-day correlation of -0.73. AUDUSD fell 1.36% after the RBA's sixth hike of the year, and USDJPY barely moved 0.19% even as markets priced a December BOJ hike. Three divergences, one of which the mechanism forces to close.
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