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EUR/USD sticks to gains below 1.1250 amid sustained USD selling

EUR/USD clings to modest gains heading into the European session on Thursday, currently trading just below mid-1.1200s as US Dollar selling remains unabated amid declining US bond yields. However, concerns about France’s debt crisis and violent nationwide protests cap the Euro, while geopolitical risks and hawkish Fed bets limit USD losses.

GBP/USD consolidates around 1.3400 amid BoE hike bets and weak USD

GBP/USD hovers around 1.3400 heading into the European session, flirting with its highest level since September 16 amid November BoE rate-hike bets and a broadly weaker US Dollar. However, further escalation of Middle East tensions and hawkish Fed pricing could support the buck, keeping a lid on the currency pair.

Gold extends fall below $4,100 as Fed hike bets counter USD weakness

Gold weakens further below $4,100, hitting a fresh one-week low as oil-driven inflation risks reinforce Fed hike bets and weigh on the bullion heading into the European session. Meanwhile, falling US bond yields keep the US Dollar depressed near a three-week low despite geopolitical uncertainties. This, however, does little to support the non-yielding bullion, backing the case for further losses.

Dogecoin stays weak despite whales and new deal

Dogecoin price remains under pressure, trading below $0.081 despite a modest rebound earlier this week. Santiment data shows signs of accumulation, and Wednesday’s announcement of a Dogecoin Labs partnership with the Dogecoin Foundation adds a mildly bullish sentiment. Meanwhile, mixed derivatives metrics and weakening momentum indicators continue to limit the meme coin recovery.

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DEEPER DIVE

The US Dollar fell. Gold didn't rally. That tells you everything

Gold (XAU/USD) is struggling to capitalize on a weaker US Dollar (USD), after repeatedly failing to establish itself above the $4,200 level. The precious metal remains confined to a relatively narrow trading range despite a combination of developments that would normally support higher prices.

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.

Canada’s inflation scare is a gasoline story, not a rate-hike story

Canada’s latest inflation report has reignited speculation that the Bank of Canada (BoC) could raise interest rates as early as its October 28 meeting. Headline inflation climbed to 3.1% YoY in September, exceeding the central bank’s 2% target and strengthening expectations of a more restrictive monetary policy stance. However, the headline figure tells only part of the story.

CRYPTOCURRENCIES

Cardano Price Forecast: Weak momentum puts ADA recovery at risk

Cardano is trading below $0.222 on Thursday after failing to sustain gains above the 50-day Exponential Moving Average near $0.228 the previous day. Weakening derivatives metrics and fading bullish momentum continue to weigh on sentiment, while a break below the 100-day EMA could push ADA lower. Derivatives data shows a cautious outlook for Cardano.

Ripple and Stellar outlook: XRP and XLM recovery stalls below EMAs

Ripple and Stellar remain under pressure on Thursday as both struggle to sustain their recent recovery attempts. XRP trades below $1.36, while XLM slips beneath $0.183, as mixed derivatives metrics, weakening momentum indicators and heating market conditions suggest cautious market sentiment. Derivatives data shows weakening conditions for Ripple and Stellar.

Zcash Price Forecast: ZEC reclaims $1,300 as ETF inflow hits 30-day high

Zcash price hovers above $1,300 on Thursday, sustaining its 15% gains so far this week with three straight days of recovery. Institutional and retail appeal is returning, with over $15 million in inflows recorded on Wednesday and ZEC futures Open Interest rising to a 30-day high of $2.89 billion. The technical outlook for ZEC indicates an upside bias as recovery gains traction.

STOCKS

The message of SpaceX earnings is blunt: The AI supercycle is far from over

Space Exploration Technologies (SPCX) third-quarter earnings, delivered after the market close on Tuesday, are a blaring siren to all AI investors. The AI boom is not letting up despite recent anxiety in the market. At least not if founder Elon Musk has anything to do with it.

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 EUR/USD pair fell to a fresh 2026 low of 1.1113 but managed to bounce back, finishing the week with gains in the 1.1250 region. The pair was all about the US Dollar (USD) and how investors feel about the Federal Reserve (Fed) monetary policy path. The USD soared on Wednesday, following the release of the September Consumer Price Index (CPI).

The Fed just got a second hot inflation number. Here's what the diesel signal is really saying

The Federal Reserve (Fed) faces a renewed inflation challenge after two consecutive reports showed price pressure intensifying across the US economy. September's Consumer Price Index (CPI) confirmed accelerating consumer inflation, while the Producer Price Index (PPI) revealed an even sharper rise in business costs. Behind both reports lies a common factor: energy prices.

Gold: Bears shy away as US bond yields turn south

Gold (XAU/USD) started the week under bearish pressure but reversed its direction in the second half as United States (US) Treasury bond yields declined sharply. The economic calendar will not feature high-impact data releases next week and the Federal Reserve (Fed) will be in the blackout period, possibly limiting the precious metal’s volatility in the near term.

Bitcoin: Macroeconomic headwinds, cooling demand cap BTC gains

Bitcoin (BTC) extends losses this week, trading below $82,500 as of Friday as selling pressure continues. Weakening institutional demand supports this pullback as BTC spot Exchange-Traded Funds (ETFs) are on track to record a two-week withdrawal streak, reaching $146.19 million in net outflows through Thursday.

US Dollar: Down for the week, but far from defeated

Despite hitting new highs earlier this week, the US Dollar (USD) lost some upside traction in the last couple of days, ending the week in the red for the first time after four advances in a row. The Greenback’s correction does look more sentimental than fundamental.

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]

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.

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