1. Themes for the Week
– Fed is expected to deliver a dovish hike.
– Inflation to pick up in November in US and UK.
– UK retail sales expected to edge up this week.
– The coming week will also see central bank policy meetings in Sweden (Tues), Norway (Thurs) and Japan (Fri). The only change expected is a 0.25% cut in Norway.
– Crude continues to drop, keeping the pressure on Cad.
– Stocks under pressure, giving strength to Jpy.
2. Charts in line with these themes