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EUR/SEK ADX tied to an extreme

EUR/SEK has captured the attention of market participants with its hourly ADX(14) hurdling above the 50 level.

Accordingly to the ADX indicator, EUR/SEK has surged above the key 50 level in a technical event that threatens the potential for its price action to remain constructive. Such a strong move encourages bulls to pile in, likely positioning stops close to the market to lock in profit. This may have the opposite effect of a squeeze, driving the prices lower to find less impulsive buyers.

USD/JPY onthe front foot fundamentally - Scotiabank

Analysts at Scotiabank explained that Japan's deputy Economy Minister Nishimura suggested that China's slowdown may delay Japan's return to price stability.
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SARB: rates unchanged today, probable hike in November and downgrades - TDS

Paul Fage, Senior Emerging Markets Strategist at TD Securities takes note of today’s decision of the South African Reserve Bank to leave rates unchanged as expected by most analysts.
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