Markets continue to build renewed confidence following the turmoil of the last couple of weeks. The tech sector calmed, following the record beating results from tech sector giant, Nvidia. The AI bubble is still there, so watch this space, while crypto currencies have been utterly destroyed in recent weeks. NY Fed Chairman Williams hinted that the Fed again cut rates in December, after the last Fed minutes, indicated worries over inflation and a hold. Look at European growth data and speculation over the all-important UK Budget, as market movers. The US dollar was steady, with the EUR trading around 1.1500 and the GBP looks to regain 1.3100.The elevated reserve kept commodity currencies under pressure, with the AUD trading around 0.6450, while the NZD struggles to hold 0.5600.
