EUR/USD stays below 1.1150 in Fed aftermath, eyes on ECB
EUR/USD struggles to build on Wednesday's modest recovery gains and trades in the red below 1.1150 early Thursday. The Fed left it policy settings unchanged and Chair Warsh refrained from hinting at the next policy step but markets are still pricing in a strong probability of a December rate hike, helping the USD hold its ground and capping the pair's upside. Investors now await the European Central Bank's (ECB) policy announcements.
GBP/USD struggles to extend recovery, holds slightly above 1.3300
GBP/USD edges lower but manages to hold above 1.3300 early Thursday as investors assess the Federal Reserve's policy outlook following Wednesday's decision to keep the interest rates unchanged. Later in the day, PCE inflation and third-quarter GDP data from the US will be watched closely by market participants.
Gold weakens further below $4,050 amid Fed rate hike bets and Iran risks
Gold sticks to intraday losses below the $4,050 level heading into the European session ,and for now seems to have snapped a three-day winning streak to the weekly top set the previous day. The US Dollar attracts fresh buyers after Wednesday's post-FOMC corrective slide from a two-week high and is seen as a key factor weighing on the precious metal.
US GDP expected to grow at 3.2% in Q3
The United States Bureau of Economic Analysis is set to publish its preliminary estimate of the Gross Domestic Product for the July-September period on Thursday, with analysts expecting the data to show annualised growth at a solid 3.2%, a decent improvement from the 2.2% expansion recorded in the previous quarter. Markets brace for US growth and PCE data amid geopolitical jitters
DEEPER DIVE
Anthropic pledged $270 billion to Amazon, Google, and Microsoft. Here's who actually gets paid
Everyone who bought Gold near $4,000 is holding their breath right now
The Japanese Yen's Friday hinges on one press conference
CRYPTOCURRENCIES
Pi Network Price Forecast: PI risks another lower leg as the broader crypto market slips
Pi Network is trading in the red on Thursday, retreating toward a near-term support around $0.0740. The Fear and Greed Index declines to 43 on Thursday, while total liquidations exceed $350 million over the last 24 hours, suggesting a deterioration in investors' risk appetite and a sell-side bias. The technical outlook for PI is bearish, with selling pressure building.
Ripple and Stellar outlook: XRP and XLM lose ground as hawkish Fed tone weighs
Ripple and Stellar remain under pressure on Thursday as bearish derivatives positioning and on-chain signals weigh on sentiment. XRP slides toward key support at $1.30, while XLM gives back some of its recent gains. Meanwhile, the Federal Reserve held interest rates unchanged at 3.75%-4.00% at its two-day October policy meeting.
Cardano Price Forecast: ADA extends bearish reversal as sell-side pressure intensifies
Cardano faces intense selling pressure, with over 4% losses so far on Thursday, pushing the price below $0.2000. The sell-off aligns with the broader cryptocurrency market pullback after the US Federal Reserve decided to pause the federal funds rate at 3.75%-4.00% on Wednesday.
STOCKS
Alphabet tanks to April levels on quarterly miss
Alphabet (GOOGL) stock slumped about 9% lower afterhours on Wednesday after the search giant posted a sizable miss for the third quarter. CEO Sundar Pichai's company missed Wall Street's consensus GAAP earnings per share figure by $0.89 or nearly 30%.
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: Next bounce could be a trap
What would a Republican sweep mean for Gold and Treasury yields?
The United States midterm elections, scheduled for November 3, could trigger a major repricing of the US Dollar, Treasury yields, and Gold, but the outcome is not predetermined.
Gold: Inflation fears attract bears ahead of critical Fed meeting
Gold failed to benefit from falling US Treasury bond yields and closed the week deep in negative territory as rising energy prices fed into inflation fears. The Federal Open Market Committee meeting and third-quarter Gross Domestic Product growth data from the United States could ramp up the precious metal’s volatility.
Bitcoin extends pullback as ETF inflows clash with risk-off sentiment
Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot Exchange Traded Funds recording $442.67 million in net inflows through Thursday.
Americans have never felt this broke, and the stock market is at a record. Both are true
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
CFI records highest-ever quarterly trading volume of USD 3.45 trillion
CFI Financial Group, a leading online trading provider, recorded notional trading volume of USD 3.45 trillion in Q3 2026, the highest in its history. Volume more than doubled year on year, increasing approximately 123%, while rising a further 14% quarter on quarter.
PU Prime puts trader education and LATAM outlook in focus at FX Expo Medellín 2026
PU Prime, a global multi-licensed online brokerage, has won the Best Trading Education Experience award at FX Expo Medellín 2026, held on 23–24 October at Centro de Eventos El Tesoro.
Digital Assets Week to Launch in Dubai with VARA as Host Partner
Digital Assets Week Dubai will take place on 4 February 2027 at the Dubai Exhibition Centre, bringing together leaders from across institutional finance, digital assets, regulation and market infrastructure.