FX: USD posted a fresh six and a half month high as yields climbed again to new 16-year peaks. Dollar gains are looking increasingly stretched but the Fed’s hawkish hold contrasts with dovish outcomes form other major central banks like the BoE, SNB and BoJ last week. The long-term Fib level of the September 2022 decline at 105.38 now turns support. As does the March high and year-to-date top at 105.88. EUR broke down through the 1.06 support zone. The concrete bear trend and channel remain firmly in play. Next major support sits around 1.05. Germany’s September IFO business survey improved modestly. But the data ... (full story)