Global Bond Market Selloff Extends after BOE signals more tightening ahead.

Wall Street is watching a global bond market selloff get uglier as US stocks waver ahead of massive earnings from Apple and Amazon. A lot of economic data confirmed how resilient the US economy remains. Both initial jobless claims still remain low and the ISM services employment component supports the argument that the Fed might need to deliver more tightening in November.
After hitting a one-month low, GBP/USD is in this awkward position as the BOE seems easily positioned to deliver more tightening than the Fed, but that could be followed by a stronger economic performance by the US economy. Now the FX market might view the risk of more tightening as bad news for a currency, as monetary policy should already be at restrictive levels.  
the BoJ decision last week to expand its 10-year trading range to +/-1.0% from +/-0.5% to improve the sustainability of YCC further highlights the need to continue to assess each nation’s inflation path and contributing factors carefully. Wage and capacity trends will continue to vary greatly between the US, Europe, Japan and developing countries like China; so too then will monetary policy outcomes. 
On the hourly chart of EUR/USD at FXOpen, the pair started a fresh decline from the 1.1050 zone. The Euro declined below the 1.1020 and 1.1000 support levels against the US Dollar.

The pair settled below the 50-hour simple moving average and tested 1.0965. It is now consolidating losses and showing bearish signs. Immediate resistance is near 1.0965 and a connecting bearish trend line. A clear move above 1.0965 might send the pair toward 1.1020.
The USD/CHF pair attracts some dip-buying near the 0.8730 area on Friday and builds on its steady intraday ascent through the early part of the European session. Spot prices climb to the 0.8760-0.8765 zone, or a fresh daily high in the last hour, reversing a major part of the previous day’s slide from the 0.8800 mark, or the vicinity of a three-week high touched on Wednesday.
The Pound Sterling (GBP) attempts to sustain above 1.2700, capitalizing on the recovery move, as the market mood starts reviving and the Bank of England (BoE) delivers a hawkish interest rate decision. The GBP/USD pair eyes more gains as the BoE raises interest rates by 25 basis points (bps) to 5.25%, the highest in the past 15 years. The central bank leaves the door open for further policy tightening as inflation is extremely far from the desired rate of 2%.
The gold price is now trading above the 50-day simple moving average. There is also a key bullish trend line forming with support at $1,940.
Immediate resistance is near the 50% Fib retracement level of the downward move from the $2,080 swing high to the $1,900 low at $1,990. The next major resistance is near $2,000. An upside break above $2,000 could send Gold price toward $2,050. Any more gains may perhaps set the pace for an increase toward the $2,080 level.
Most investors prefer to buy Bitcoin while trading below $30K, Glassnode noted. The number of addresses with a balance of at least 0.01 BTC has reached an all-time high of more than 12.22 million, while the number of wallets in deficit is 14.04 million, the highest since late June.