EUR/USD struggles to hold above 1.1200 following mixed EU PMI data
EUR/USD struggles to hold its ground after posting marginal losses on Thursday and trades near 1.1200 in the European session on Friday. Mixed PMI results from Germany and the Eurozone seems to be limiting the pair's upside as market focus shifts to October PMI data from the the United States, which could trigger the next directional move in the pair.
GBP/USD stays below 1.3400 despite upbeat UK PMI readings
GBP/USD stays on the back foot and trades marginally lower on the day below 1.3400 on Friday. Even though the PMI report from the UK showed that the business activity expanded at its strongest pace in eight months, it failed to trigger a recovery in the pair as the risk-averse market atmosphere helps the US Dollar (USD) hold its ground. Later in the day, the US PMI data from the US will be scrutinized by investors.
Gold stalls recovery from three-month low as Fed hike bets and USD uptick cap gains
Gold struggles to capitalize on a modest intraday bounce from levels below the $4,000 psychological mark, or a three-month low set during the Asian session, and sticks to a negative tone for the second straight day. The Federal Reserve recently signaled that there is no urgency to raise interest rates. Traders, however, are still pricing in around an 80% chance that the US central bank will raise borrowing costs again at its December policy meeting.
Bitcoin, Ethereum, and Ripple rebound as major support levels cap recent sell-off
Bitcoin, Ethereum and Ripple rebound modestly on Friday after correcting and testing their key support zone the previous day. BTC holds the 50-day EMA, ETH finds support around the 100-day EMA, while XRP holds the horizontal floor near $1.300. The price action of these top three cryptocurrencies suggests a recovery if this critical support zone holds; a decisive close below these levels suggests a deeper correction.
DEEPER DIVE
What November 3 means for the Fed's rate path and the US Dollar
The USD faces a decisive period ahead of the November 3 midterm elections. While markets anticipate another interest rate increase from the Fed in December, the battle for control of Congress could reshape fiscal policy expectations and, indirectly, the path of US monetary policy in 2027.
The Bank of England just got its clearest reason to hike. Here's what it's really watching
United Kingdom (UK) inflation as measured by the Consumer Price Index (CPI) accelerated to 3.5% YoY in September, up from 3.1% in August, according to the Office for National Statistics (ONS).
Producer prices are up 6.3%. Consumer prices only 3.7%. This chart shows who eats the gap
CRYPTOCURRENCIES
Top 3 Price Predictions: BTC, ETH and XRP rebound as major support levels cap recent sell-off
Bitcoin, Ethereum and Ripple rebound modestly on Friday after correcting and testing their key support zone the previous day. BTC holds the 50-day Exponential Moving Average, ETH finds support around the 100-day EMA, while XRP holds the horizontal floor near $1.300.
Why Hyperliquid is losing RWA market share to centralized exchanges
Hyperliquid (HYPE) is losing market share in real-world asset perpetual futures to centralized exchanges even as the overall financial market faces pressure. Hyperliquid’s trade.xyz accounted for roughly 80% of RWA perpetual trading volume in July, according to Artemis data shared by Ark Invest Digital Asset Head of Research Lorenzo Valente..
Cardano Price Forecast: Whale selling deepens ADA correction
Cardanoedges higher by nearly 2% on Friday, following a roughly 6% decline the previous day. The pullback aligns with the sell-side appeal among large-wallet investors, commonly referred to as whales, and Cardano derivatives. The technical outlook for ADA is bearish, with downside momentum persisting. Whales are losing their appetite for holding ADA tokens, fueling near-term selling pressure.
STOCKS
The message of SpaceX earnings is blunt: The AI supercycle is far from over
Nasdaq 100 rebound looks strong… or is it just a trap?
The Nasdaq 100 spent the past few sessions recovering strongly from its November lows, rebounding from 24,307 and climbing back into the 25,100–25,150 mid-range zone. While the candles look convincing, the broader picture reveals a different story: the index remains trapped inside a 4H range structure.
WEEKLY FORECAST
EUR/USD: US Dollar future in the hands of Kevin Warsh
The Fed just got a second hot inflation number. Here's what the diesel signal is really saying
Gold: Bears shy away as US bond yields turn south
Bitcoin: Macroeconomic headwinds, cooling demand cap BTC gains
US Dollar: Down for the week, but far from defeated
Week ahead – Stocks seek direction as earnings take centre stage
US equities struggle as risk-off sentiment boosts sovereign bonds. US earnings and midterm elections in the spotlight amidst tech sector weakness. UK jobs and inflation data could challenge current BoE rate hike bets.
EDUCATION
How economic uncertainty changes bullion buying patterns across generations
When the economy becomes uncertain, investors react differently depending on their goals and circumstances. But, generally, periods of high inflation, market volatility, or geopolitical tension push investors to look beyond traditional assets for ways to diversify and manage uncertainty.
![You’re watching pre-market levels wrong [Video]](https://editorial.fxsstatic.com/images/i/Fear-2_Medium.png)
You’re watching pre-market levels wrong [Video]
If you trade NQ, you’ve probably been told to watch the pre-market high and pre-market low. That part is easy. The harder question is: what are you actually supposed to do when price gets there? Most traders react too quickly, and that’s usually where the trouble starts.
PRESS RELEASES
Trade Tech Solutions launches perpetual futures prop firm technology as platform surpasses 2 million users
Global trading technology provider expands into Perpetual Futures, with firms running on its infrastructure serving 2M+ users and 1M+ active accounts every month and processing more than $200 million in client revenues annually.
Hola Prime simplifies prop trading rules with launch of it’s rulebook
The rulebook consolidates account requirements, removes three funded account restrictions and maintains transparent change logs so traders can track rule updates.
M4Markets wins Best Trade Execution APAC at iFX EXPO Asia 2026
M4Markets left iFX EXPO Asia 2026 in Hong Kong with the Best Trade Execution APAC award at the UF AWARDS APAC 2026. During the event, Nastia Kuo also shared her perspective on how AI and human expertise can work together to improve client service.