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Friday the 13th Eve: Outlook Outages, Strong Dollar, and Tomorrow’s Crucial PPI
Heading into Friday the 13th, the markets and corporate IT departments are already feeling the eerie pressure.
Thursday brought an unexpected pause for thousands of enterprises as Microsoft suffered a massive global outage affecting Outlook, Teams, 365, and Copilot. While many traders and workers found themselves unexpectedly cut off from email communication, financial markets continued to move aggressively.
The U.S. Dollar Index (DX) pushed higher toward multi-month peaks near 103, driven by sticky consumer inflation figures and rising Treasury yields that have fueled hawkish Federal Reserve expectations.
All eyes now turn to Friday morning’s October Producer Price Index (PPI) report at 8:30 AM ET. With wholesale price inflation serving as a key indicator for broader inflation pressures and incoming Fed policy decisions, tomorrow’s data release will determine whether the dollar’s momentum continues or if Friday the 13th brings a plot twist for market bulls.
Trade Smart. Trade Confidently. Trade Cannon.
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