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USD/SEK issued a Golden Cross

USD/SEK is undergoing a Golden Cross on daily charts, traditionally considered a bullish omen.

The USD/SEK's 50-day MA crossed above its 200-day trend. Previous instances tell us that this event becomes extremely rare if the pair has witnessed a meaningful correction before or during the crossover. This bounce allows trend-following USD/SEK traders to adhere to the trend at fair valued prices following an otherwise very risky signal.

NZD/USD lurched lower and hesitated

NZD/USD lurched lower and hesitated
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Odds of a Dec Fed hike remain at high levels - ANZ

The ANZ Research Team reviews Monday's action in financial markets, underlying that market odds of a December hike still remain at high levels, just slightly under 70%.
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