When fantastic falls short [Video]

The minutes from the Federal Reserve’s (Fed) latest monetary policy meeting showed that the Fed members agreed to ‘proceed carefully’ with their future rate decisions, but the cautious tone in Fed minutes went completely unheard as the latest CPI data acted as a shield against the Fed hawks.

Nvidia’s Q3 results were strong. The company exceeded the $16bn revenue forecast by $2bn, made more than $4 profit per share and said that they will be earning around $20bn this quarter. But the latter forecast couldn’t meet the top forecast ($21bn) and the share price fell in the afterhours trading, though by less than 2%.

In the UK, British Chancellor of Exchequer Jeremy Hunt will make his Autumn Statement today and he will do his best to try to please British voters by announcing tax cuts amid slowing inflation, try to make the Tories – who fell around 20 points behind Labour in the latest polls - look good again, while pursuing a hard-won economic and financial stability after the Liz Truss mini-budget crisis, and keep the country’s finances together to avoid another Truss-style bond meltdown.

Cable advanced to 1.2560 yesterday on the back of a broadly softer US dollar, the EURUSD sees resistance above a major Fibonacci resistance, near the 1.0955 mark, gold is testing the $2000 per ounce this morning as investors chose safety into the long Thanksgiving holiday in the US while US crude sees resistance at the 200-DMA.