Global macro overview for 11/10/2016:
Some interesting comments from FED policymakers has hit the mass media recently. First remarks come from Charles Evans, FED policymaker, who claimed overnight that he would be fine with the central bank raising interest rates in December, but would prefer to see inflation rise closer to the 2% target before deciding. Another FED member Neel Kashkari recently appeared to share Evans' views on this matter, so we will be able to see if he still shares this view as he will be speaking later today. The next interesting remarks might come from William Dudley tomorrow, just before the FOMC meeting minutes release at 06:00pm GMT. In conclusion, even if these two policymakers are not the active FED voting members (they will be next year), they also share the view to increase the funds rate, which might suggest even more hikes next year.
Let's now take a look at the US Dollar index technical picture in the daily time frame. Bulls were finally able to break out above the key resistance at the level of 96. 52 and now they are heading towards the next key resistance at the level of 97.60. Please notice this might be an important upward breakout as the long-term golden trend line has been violated as well.
From www.instaforex.com http://ift.tt/2e31yVn
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