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Key Levels for October 16th + ๐Ÿ“Š Financial Insights of the Week ๐Ÿ“…

๐Ÿ“Š **Financial Insights of the Week**

**Israel-Hamas Conflict:** Triggered a flight to quality as bonds rallied and gold soared.

**Fed's Shift:** Speakers take a slightly dovish tone as higher yields "do the Fed's dirty work."

**Fed Minutes:** Reiterate the "higher for longer" mantra.

**US CPI:** Warmer than expected, reflecting persistent inflation.

**Market Movements:** Equities showed hesitancy, while bonds and forex saw yields drop. The US Dollar Index retreated from recent highs. Gold futures surged, marking significant gains, and oil futures remained bullish.

**What's Ahead:** Central banks remain quiet, with Fed speakers leading the way.

The Reserve Bank of Australia's Meeting Minutes are on Monday, followed by the People's Bank of China's interest rate decision on Friday. Macro data includes US Retail Sales, while earnings season kicks off with financial sector releases, Tesla, and Netflix.

Stay tuned for an eventful week in the financial markets! ๐Ÿ“ˆ๐ŸŒ๐Ÿ’น

Keep it profitable,

ProTrader Mike


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