The dollar index approaching to the 18-month raising trend line seems around 101. The relentless dollar buying extends the rally on eight straight sessions, the longest raising trend line in the recent years. If the price settles above rising trend line 101.80, 102.20 and 102.70 are highly likely. In this case, the commodities will follow the Gold soon.
- The Producer Price Index for final demand was unchanged in October. Final demand prices rose 0.3 percent in September and were unchanged in August.
- Industrial production was unchanged in October after decreasing 0.2 percent in September
- Capacity utilization for the industrial sector edged down 0.1 percentage point in October to 75.3 percent