Market Updates at a Glance 11/5/22 (Wednesday)

☛Stocks Mixed, USD Rise ahead of the CPI Report.

➤U.S. stocks ended mixed ahead of the key U.S. economic data CPI, with Dow -0.26%, S&P +0.25% & Nasdaq +0.98%.

➤The US dollar index is consolidating 103.66-104.18, near the 20-year high. Whereas, the 10-year Treasury yield fell below 3%. Rate market is pricing a 90% chance of 50bp hike in June. CPI data is scheduled to release today

➤GBPUSD was sideways for the third consecutive day in the range of 1.2260-1.2354 after last Thursday's sell-off. EUR edged lower to 1.053, near the bottom of the trendline of a bear flag. More ECB officials joined the camp that favors rate hike in July.

➤Gold continued the loss to $ 1838, near the 200-day Moving average.

➤Oil (Brent) extended the loss to near $100. Wobbly risk sentiment and concerns about softer global growth continued to weigh on oil demands.

➤BTC rebounded after hitting the support level of $30,000. XRP finished slightly higher at $0.5136.

➤Violent Protests continue amid curfew in Sri Lanka. USDLKR has depreciated nearly 90% since early of march22 as the economic crisis deepens.

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