Daily signals

The latest reports show that the GDP growth rate in the United States has dropped sharply.

Housing prices in the United States continue to fall.

After a rather volatile second half on Friday and first half on Monday, the USD/JPY pair found support a little above the middle of the range between the low on 24 October (145.45) and the high set on 21 October (151.94).

Falling US Treasury bonds yields enabled the S&P 500 to rise almost 2.5% last week.

US Federal Reserve officials maintain hawkish rhetoric.

The Telegraph reported that the British government is folding like a house of cards.

Caution dominates markets where investors' risk appetites are lower due to fears of a recession.

The decision by OPEC+ countries to cut oil production provided short-term support for the Canadian dollar.

The German DAX index started the week off on a positive note, with its value approaching last week's high as US indices recover.

The Spectator reports that UK Prime Minister Liz Truss has sacked Kwasi Kwarteng from his post as Chancellor of the Exchequer.