US dollar moves higher. Yields higher. Stocks lower after stronger CPI data ...Middle East

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EURUSD: The EURUSD moved back below its 100 and 200 hour moving averages near 1.0344, tilting the bias back to the downside. Stay below those levels is more bearish.

In the US debt market:

2 year yield 4.375 up 8.6 basis points10 year 4.618%, +8.2 basis points30 year 4.819%, +7.2 basis points

Dow -439 pointsS&P -62 pointsNASDAQ -250 points

December is the first rate cut now (prior September)

This article was written by Greg Michalowski at www.forexlive.com.

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