GBP/USD holds the bounce near 1.3400 ahead of BoE decision
GBP/USD is holding a tepid bounce near 1.3400 in European trading on Thursday amid a pause in the US Dollar advance. Traders assess the hawkish Fed outlook ahead of the upcoming BoE monetary policy announcements. The BoE is widely expected to hold the Bank Rate at 3.75%. Therefore, all eyes remain on the vote split and language of the policy statement.
EUR/USD recovers toward 1.1500 as USD retreats
EUR/USD is on a gradual recovery toward 1.1500 in the European session on Thursday. The US Dollar reverses a hawkish Fed announcements-led rally, allowing the pair a modest comeback. However, further upside appears elusive ahead of US Initial Jobless Claims data.
Gold retakes $4,300 amid modest USD pullback but hawkish Fed caps upside
Gold climbs back above the $4,300 mark heading into the European session on Thursday, though it remains within striking distance of a six-week low touched the previous day. The US Dollar eases after touching a fresh high since late July and offers some support to the commodity. However, the Fed's hawkish outlook, along with escalating Middle East tensions, should continue to underpin the safe-haven and cap the non-yielding bullion.
XRP and XLM rebound amid mixed signals
DEEPER DIVE
How Japan became the World's Banker and why that era may be ending
Japan's ultra-low interest rates helped finance trillions of dollars in global investments for more than a decade, making the Japanese Yen one of the world’s cheapest sources of funding. With the Bank of Japan expected to tighten policy again this week, that advantage may be entering a new phase. While most major economies raised interest rates, Japan remained the world's outlier.
Canada's 6.4% unemployment rate: Why Friday's jobs print puts the BoC's slack story on trial
The Bank of Canada held at 2.25% on Wednesday for a seventh straight meeting and rewrote the one paragraph that still argues against a hike. In July, the BoC’s statement called the labour market soft and pinned the unemployment rate inside a 6.5%-7% range it had held since the end of 2024. July's Labour Force Survey then printed 6.4%.
2% wages: Why Canada’s weak jobs data strengthens the BoC’s stance
CRYPTOCURRENCIES
Ripple and Stellar outlook: XRP and XLM rebound amid mixed signals
Ripple and Stellar extend their recovery on Thursday after finding support at key technical levels. However, mixed derivatives and on-chain data for both altcoins suggest that traders remain cautious and have yet to show strong conviction in a sustained rebound. Derivatives data shows a mixed and cautious outlook among traders.
Crypto Overview: Bitcoin steadies above $76,000 amid Fed rate hike – Privacy coins rally
Bitcoin holds steady around $76,000 at press time on Thursday, showing near-term strength as the US Federal Reserve raised interest rates by 25 bps. Privacy coins, Zcash and Dash, post double-digit gains over the last 24 hours, emerging as top performers. Bitcoin hovers around $76,200 on Thursday holding steady after a 3% decline on Tuesday.
Bitcoin slips below $76.7K True Market Mean amid weak demand — Glassnode
STOCKS
Nvidia Elliott Wave view: Bounce likely fails, downside targets $160–$188
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: To hike or not to hike? Kevin Warsh between a rock and a hard place
Global inflation watch: Muted momentum outside of energy
Gold: Fed rate call and dot plot key for next directional action
Bitcoin: BTC retreats as macro headwinds grow
US Dollar: No country for soft landings
Week ahead – Dollar at a crossroads as CPI and ECB take centre stage
Dollar direction hinges on US CPI and the ECB decision. Treasury buybacks in focus; could fuel another rally in gold and bitcoin. Yen strength may be challenged by a strong US CPI report.
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
STARPRIME responds to diverging gold market demand with AM/PM Fixing and XAU24/7
New offerings address two distinct market needs: fixing-related exposure management and continuous quote-driven gold access.
FM Summit London marks its 15th edition with an iconic return to old billingsgate
One Day. One Venue. One Industry. The reimagined summit will bring a carefully selected audience of C-level executives and senior financial markets professionals to London on 24 November.
Before you trust a financial company, here’s what TrustFinance says you should check
Finding a financial service has never been easier. A broker, crypto platform, bank, payment app, insurer, or wealth manager can be only a few taps away.