EUR/USD: US President Donald Trump judgment day has come
The EUR/USD pair settled around 1.1160, down for the week and closing October with losses. The US Dollar (USD) advanced through the first half of the week but changed course after the Federal Reserve (Fed) monetary policy announcement, then fell further after the European Central Bank (ECB) reported the same decision. The Greenback regained some poise on Friday, as risk aversion took the lead.
Gold: Bears dominate even as US yields push lower ahead of midterm election
Gold (XAU/USD) registered gains for the first three days of this week only to erase them in the second half and to drop to a fresh 2026-low below $3,900. Next week’s economic calendar will offer key macroeconomic data releases from the United States (US), which could trigger the next directional action in the precious metal.
European Central Bank faces 3-year-high inflation at 3.8%
The European Central Bank (ECB) faces a difficult monetary policy environment as Eurozone inflation reached 3.8% in September, its highest level in three years and almost twice the central bank's 2% target.
Bitcoin: Binance security breach and hawkish Fed push BTC lower
Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.
DEEPER DIVE
The 2% inflation target came from a throwaway remark. It now moves trillions
The Federal Reserve's 2% inflation goal grew out of an off-the-cuff remark by a New Zealand politician in 1988. Bond investors still price long-term US debt as if 2% holds, so a change in how the Fed measures inflation would move markets.
Warsh is cutting the Fed's rate meetings. Fewer decisions, bigger moves
Federal Reserve Chair Kevin Warsh will drop the interest rate vote from one Fed meeting a year in 2027 to two in 2028. More news will pile up before each remaining decision, so each should move rates and bond yields further. From the fall of 2027, the Fed will vote on interest rates at seven of its eight yearly meetings instead of all eight, and in 2028 at six.
The hawkish Fed can't lift the US Dollar anymore
About three more Federal Reserve hikes are already priced in, and the central banks behind the Euro, Pound, Yen and Loonie are raising rates or about to. That leaves the US Dollar Index with little to gain if the Fed keeps leaning toward higher rates.
CRYPTOCURRENCIES
Bitcoin Weekly Forecast: Binance security breach and hawkish Fed push BTC lower
Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.
Ripple Price Forecast: XRP bulls defend $1.20 as sell-side pressure triggers liquidations
Ripple (XRP) trades around $1.25 on Friday, rising from a short-term support level established at $1.20. This minor upward correction follows a sharp sell-off, triggered amid reports of a hack attack on the Binance exchange that impacted approximately $6.3 billion. The attack drove the broader crypto market on edge, as Binance suspended both deposits and withdrawals to contain the situation.
Bitcoin, Ether and XRP selloff wipes out $1.5 billion in leveraged crypto bets
Crypto traders betting on higher prices had about $1.29 billion in positions forcibly closed over the past 24 hours, as the selloff following Binance’s security breach pushed bitcoin, ether and smaller tokens lower. Total liquidations reached $1.53 billion by Friday morning in Asia, according to CoinGlass. Long positions, bets that prices would rise, accounted for 83.8% of the total.
STOCKS
Tesla bulls look like they're back after the July sell-off
Tesla sold off aggressively in July following a disappointing earnings report, in which second-quarter profit missed estimates as capital spending jumped. The stock broke below the 335 support level, extending the correction from the December highs. However, we still believe this decline can be counted as wave C within a larger corrective structure. The fundamental picture has improved since then.
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 President Donald Trump judgment day has come
The EUR/USD pair settled around 1.1160, down for the week and closing October with losses. The US Dollar (USD) advanced through the first half of the week but changed course after the Federal Reserve (Fed) monetary policy announcement, then fell further after the European Central Bank (ECB) reported the same decision. The Greenback regained some poise on Friday, as risk aversion took the lead.
European Central Bank faces 3-year-high inflation at 3.8%
The European Central Bank (ECB) faces a difficult monetary policy environment as Eurozone inflation reached 3.8% in September, its highest level in three years and almost twice the central bank's 2% target.
Gold: Bears dominate even as US yields push lower ahead of midterm election
Gold (XAU/USD) registered gains for the first three days of this week only to erase them in the second half and to drop to a fresh 2026-low below $3,900. Next week’s economic calendar will offer key macroeconomic data releases from the United States (US), which could trigger the next directional action in the precious metal.
Bitcoin: Binance security breach and hawkish Fed push BTC lower
Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.
US Dollar: A hawkish Fed is no longer enough
The US Dollar (USD) managed to regain some composure, ending the week with acceptable gains after surrendering some ground following earlier two-week highs. Indeed, the US Dollar Index (DXY), at some point in the last few days, popped to as high as the 102.50 zone, just to lose some momentum soon afterwards despite keeping its weekly bullish mood well in place.
Week ahead – Central bank and earnings bonanza could roil markets
Fed, ECB and BoJ to sit on the sidelines after September hikes. But RBNZ and BoC poised to lift borrowing costs. Inflation data out of the US, Japan, Australia to also be important.
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
FP Trading Launches Mobile App Bringing TradingView-Powered FP Trader to iOS and Android
FP Trading has introduced a mobile app designed to make trading easier to reach and easier to manage.
Introducing the TradingPRO Learning Hub: Learn trading step by step
Every trader starts somewhere. For some, it is a first look at a price chart and a long list of unfamiliar terms. For others, it is years of experience and a wish to tighten up a few habits. Whatever your starting point, good education is what separates guessing from making informed decisions.
Velaris Markets prop challenges start at $29 for a $2,500 simulated account
Each service has its own terms; the prop service uses demo accounts and is not a brokerage service.